Business & Money | Wednesday 22 July, 2015 2:28 am

Oman Insurance Company launches the First Roadside Assistance Mobile App

Oman Insurance Company (OIC) has launched AssistPal, a unique mobile application dedicated to roadside assistance for its motor insurance customers. This first of its kind App in the UAE makes requesting assistance faster and convenient when drivers are victim of a car breakdown. The free...

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Business & Money | Wednesday 22 July, 2015 1:07 am

H.E. the Prime Minister endorses MEED’s Qatar Transport Forum 2015

Under the esteemed patronage of H.E. Sheikh Abdullah bin Nasser Al Thani, Prime Minister and Minister of Interior, the Ministry of Transport will host the Qatar Transport Forum 2015 at Sheraton Doha on 15-16 September 2015. The forum will highlight plans, initiatives and projects such...

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Business & Money | Wednesday 22 July, 2015 12:59 am

Oliver Wyman Report Quantifies the Impact of Delivering Excellence on Corporate Banking Return on Equity

Financial burdens from new regulation and digitalization are widely considered to be the biggest threats to banking business models. According to a new Oliver Wyman report, Delivering Excellence in Corporate Banking, the corporate banking segment currently faces a lower level of...

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Business & Money | Tuesday 21 July, 2015 6:00 am

Umrah revenue touches SR12 billion

With the number of pilgrims coming for Umrah increasing annually, economists are estimating the Umrah season revenue for this year may reach SR12 billion. The reasons for the numbers rising are manifold, including increased economic power of Muslims, easy and direct flights globally and the top...

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Business & Money | Tuesday 21 July, 2015 2:45 am

Hamriyah-based Quality International ships huge MED evaporators to Kuwait

With the shipment of the 3rd Multi Effect Distillation (MED) Evaporator to Kuwait, Hamriyah Free Zone-based Quality International has successfully crossed the half-way mark in the execution of its prestigious order from SIDEM, France for the construction & delivery of a...

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Business & Money | Tuesday 21 July, 2015 12:56 am

London’s First Fashion-Branded Residences with Versace Home Launched

 Luxury real estate developer DICO UK Property Holdings Ltd, a wholly owned subsidiary of DAMAC International Limited, has announced the first of its fashion residences in London with a 50-storey, 360 unit project with interior designs by Versace. The lobby, amenities and interiors for each...

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Business & Money | Tuesday 21 July, 2015 12:12 am

PayPal Celebrates Listing on Nasdaq and Completes Separation from eBay Inc.

PayPal Holdings, Inc. (“PayPal”) (Nasdaq : PYPL) announced today that it has completed its separation from eBay Inc. (“eBay”) and is now an independent public company trading on the Nasdaq  Stock Market under the ticker symbol “PYPL.” The company’s...

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Business & Money | Sunday 19 July, 2015 4:30 am

Replies on delayed projects ‘fail to satisfy Nazaha’

 The National Anti-Corruption Commission, Nazaha, is not satisfied with the explanations and reasons provided by some ministries for delayed projects, sources in the know of things have said. Some of the ministries concerned failed to even conduct investigations into the lapses leading to ...

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Business & Money | Saturday 18 July, 2015 6:00 am

Haramain train to make dry run soon, says transport minister

Transport Minister Abdullah Al-Muqbil, who is chairman of the board of the Saudi Railways Organization (SRO), revealed that electricity has been connected through overhead lines for the Haramain High-Speed Railway network. Al-Muqbil said the train has been tested on the line with a gradual...

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Business & Money | Saturday 18 July, 2015 4:29 am

Nine GCC teams to deal with labor issues

Nine technical teams set up by the GCC Council of Labor and Social Affairs Ministers are working on preparing periodic reports about the status of the GCC labor market in order to establish a unified position in international organizations, set up an ideal work plan, and exchange...

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