Business & Money | Thursday 4 June, 2015 12:59 am

Bounce in WTI fails to support commodity linked currencies

There’s generally a correlation in the currency markets where any bounce in the price of WTI inspires similar momentum in those currencies linked to commodity prices. However, this hasn’t been the case on this occasion with this probably linked to rising suspicions that the OPEC meeting later...

More Details

Business & Money | Thursday 4 June, 2015 12:35 am

“Tasneef” issues Inspection and Quality Certificates for two “ADNATCO” Container Ships

In a business move that places it in the ranks of major international classification societies, “Tasneef” signs an agreement to issue inspection and quality certificates for two container ships owned by Abu Dhabi National Tanker Company (ADNATCO), one of the largest tanker and ship-building...

More Details

Business & Money | Wednesday 3 June, 2015 8:21 pm

Dubai Chamber Signs MoU with Dubai Silicon Oasis Authority

Dubai Silicon Oasis Authority (DSOA) has signed a Memorandum of Understanding (MoU) with Dubai Chamber of Commerce and Industry, to enhance cooperation in fostering entrepreneurship through a strategic agreement between the Chambers initiative of Tejar Dubai and DSOA’s wholly owned Dubai...

More Details

Business & Money | Wednesday 3 June, 2015 5:22 pm

OPEC hopes for further price recovery

Angola's oil minister said on Tuesday that $80 per barrel may be right for crude, joining a chorus of OPEC officials and delegates hoping for a further price recovery in months to come despite a global glut."I would like the price (to) go up, but it is not easy," Jose Botelho de Vasconcelos told...

More Details

Business & Money | Wednesday 3 June, 2015 5:20 pm

CMA highlights rules for QFIs’ operations

The Capital Market Authority (CMA) explained that the Rules for Qualified Foreign Financial Institutions Investment in Listed Shares (the Rules) issued on May 4, and consisting of 29 articles allow QFIs and their approved clients to exercise all the rights related to listed shares owned by them,...

More Details

Business & Money | Wednesday 3 June, 2015 3:16 pm

RED SEA MALL CONTINUES MARCHING TOWARDS UNIQUENESS

Marching towards Excellency and uniqueness in Saudi Arabia, Red Sea Mall has won a prestigious award and certificate in the shopping and entertainment centers. The mall won the award for the best shopping experience. The award was received in a ceremony by HRH Prince Sultan bin Salman bin Abdul...

More Details

Business & Money | Wednesday 3 June, 2015 2:30 pm

Easy Taxi Hand in Hand with Grand Bazaar Expo 2015!

Continuing its effort in supporting women across Saudi Arabia, standing for their rights to ride safely from one place to another and believing in its aim at providing them a service that is trustworthy, Easy Taxi along with the 4th Grand Bazaar Expo have formed a partnership for women to access...

More Details

Business & Money | Wednesday 3 June, 2015 1:35 pm

INCREASING DEMAND BOOSTS SALES FOR DEEP CASING TOOLS

Deep Casing Tools has seen an increase in demand for its casing and completion technology products. This development has resulted in sales in excess of half a million pounds this year to new clients alone. Deep Casing Tools provides a range of innovative tools designed to land casing and...

More Details

Business & Money | Wednesday 3 June, 2015 1:18 pm

Bayt.com to Encourage Entrepreneurship and Small Business Creation in the Middle East

Bayt.com, the leading recruitment site in the Middle East, is working to empower entrepreneurs and start-ups in their business ventures by providing them with a Bayt.com Start Up Kit, 100% free of charge. Valued at over USD$1000, the kit offers start-ups access to Bayt.com’s database of over 20...

More Details

Business & Money | Wednesday 3 June, 2015 1:18 am

Shoura discusses ways to boost Haj services in Mina

A Shoura Council committee has asked the Ministry of Haj to prepare an integrated study for the Mina holy site which will ensure smooth movement of Hajis between Mina and other holy sites and expand accommodation capacity in Mina.This came following the 44th ordinary session of the Council where...

More Details