Business & Money | Wednesday 21 December, 2016 1:27 pm

King Abdullah Port’s Annual Capacity to Reach Four Million TEU Milestone

The infrastructure works for Berth 5 and Berth 6 are about to be finished in a few weeks, King Abdullah Port announced on Wednesday. The two berths are part of the port’s strategic expansion plan, which aims to significantly uprate the port’s capacity, thus boosting its standing in the...

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Business & Money | Wednesday 21 December, 2016 2:50 am

Keysight Technologies Selects Motabaqah Trading Co. as New Authorized Technical Representative and Distributor for Gulf Cooperative Council (GCC)

Keysight Technologies, Inc. (NYSE: KEYS) today announced that the Motabaqah Trading Co. is the new Authorized Technical Representative and Distributor for the whole GCC. Motabaqah Trading, a company of Motabaqah Holding Group, is headquartered in Riyadh- Saudi Arabia; with other operating offices...

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Business & Money | Wednesday 21 December, 2016 1:58 am

Haramain train only 10 km of tracks away from completion

Work on only 10 km of track has to be completed before the Haramain high-speed train will be ready for operation, according to the project’s supervisor Bassam Ghulam. He said during a presentation at the Makkah Chamber of Commerce and Industry on Monday that work has to be completed on...

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Business & Money | Wednesday 21 December, 2016 1:56 am

Ithmaar Bank wins prestigious WIBC award for world’s top Islamic bank

Ithmaar Bank, a Bahrain-based Islamic retail bank, was singled out among the world’s Islamic banks for a prestigious international award in recognition of its Corporate Social Responsibility and Financial Disclosure. The independent award was presented at the World Islamic Banking...

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Business & Money | Tuesday 20 December, 2016 5:25 pm

Lite-Tech Industries opens first-of-its-kind LED fixtures manufacturing unit in GCC

Lite-Tech Industries, a subsidiary of Masharie LLC – the private equity arm of Dubai Investments PJSC [DFM: DIC] and a joint venture with Philips Lighting BV, has inaugurated the first-of-its-kind complete LED fixtures manufacturing unit in the region, reinforcing its leadership in the...

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Business & Money | Tuesday 20 December, 2016 5:10 pm

Sabre Corporation announces promotion of Sean Menke to President and CEO

Sabre Corporation (NASDAQ: SABR) announced that its board of directors has appointed Sean Menke as president, CEO and a member of Sabre’s board, effective Dec. 31, 2016.  Menke will succeed Tom Klein, who has served as president, CEO and board member since...

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Business & Money | Tuesday 20 December, 2016 4:43 pm

‘Dubai Media Incorporated’ and ‘ENOC’ open the first standalone ‘ZOOM’ store in a government entity

Dubai Media Incorporated (DMI), in cooperation with Emirates National Oil Company (ENOC), has announced the opening of a brand new ZOOM store in DMI headquarters, which will provide exceptional services to DMI employees.   The ribbon-cutting ceremony was attended by H.E Sami Al Qamzi,...

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Business & Money | Tuesday 20 December, 2016 4:37 pm

Al Meera’s North Sailiya branch opens its doors to consumers

Bringing its distinctive shopping experience to the residents of the North Sailiya region, Al Meera Consumer Goods Company QSC (Al Meera) has recently launched its new branch in North Sailiya (Al Miarad). The opening of the new community shopping center marks the second launch in Al Meera’s...

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Business & Money | Tuesday 20 December, 2016 2:53 pm

Dubai Properties hands over first tower at Dubai Wharf development three months Ahead of Schedule

Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, today announced that the first of four towers at the multi-million dirham Dubai Wharf development in the heart of Culture Village is 100% complete with...

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Business & Money | Tuesday 20 December, 2016 2:45 pm

Visa and Al Rajhi Bank make instant card printing possible at ASRAA self-service kiosks

Global payments technology company Visa (NYSE:V) has teamed up with Al Rajhi Bank to add a new layer of functionality and convenience to the Kingdom of Saudi Arabia-based bank’s ASRAA self-service kiosks.    Customers can use the fingerprint scanning technology embedded in the ...

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