Business & Money | Monday 22 August, 2016 8:03 am

Free medical aid ensured for workers of affected firms

Minister of Labor and Social Development Mufrej Al-Haqabani and Health Minister Tawfiq Al-Rabiah have decided to extend medical facilities to workers at Saudi Oger and Binladen free of charge in the government hospitals, a local publication reported. This is in response to Custodian of the Two...

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Business & Money | Monday 22 August, 2016 7:35 am

Saudi Arabia ‘is going through remarkable economic transition’

Abdul Latif Jameel was named the newest Innovation Member of the New Cities Foundation, a global non-profit organization that aims to shape a better urban future for all.  Abdul Latif Jameel thus joins other global corporate and institutional members of NCF such as Cisco, Toyota Mobility...

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Business & Money | Sunday 21 August, 2016 4:03 pm

The Yield Search focused on Emerging Markets

The post-Brexit world in Europe does not appear to be as bad as some commentators had forecast.  Recent data releases from Europe have shown some firming up in the eurozone and UK economies. The eurozone July composite industrial confidence data rose slightly in July and is expected to...

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Business & Money | Sunday 21 August, 2016 3:53 pm

Empower introduces Mobile Chiller Trailers to ensure 24/7 Uninterrupted district cooling service

Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has launched mobile chiller trailers, an innovative project that ensures 24/7 uninterrupted district cooling service to the company’s customers. Ahmad Bin Shafar, CEO of...

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Business & Money | Sunday 21 August, 2016 3:51 pm

GBM signs ICT partnership for the prestigious Jewel of the Creek Project in Dubai

Gulf Business Machines (GBM), the region’s number one provider of IT solutions, has signed an Information and Communication Technology (ICT) partnership for one of Dubai’s largest hospitality projects, the Jewel of the Creek Project. The AED 4 billion project by Roda Hotels, the...

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Business & Money | Sunday 21 August, 2016 11:39 am

Solid Lenovo 1ST Quarter FY16-17 in Face of Industry & Currency Headwinds

 Lenovo Group (HKSE: 992) (ADR: LNVGY) announced results for its first fiscal quarter ended June 30, 2016. Quarterly revenue was US$10.1 billion, a six percent decrease year-over-year (or four percent decrease in constant currency). Quarter-to-quarter, this represented a 10...

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Business & Money | Sunday 21 August, 2016 11:06 am

Haramain Train project’s life span to be 120 years

The expected lifespan of the Haramain Train project is 120 years, says the director general of the project, Bassam Ghalman. The project, which began in 2009, is near completion after finalization of work at the Jeddah and Madinah stations. Work on the Makkah station was stalled for seven months...

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Business & Money | Sunday 21 August, 2016 10:27 am

Dubai Wholesale City to Boost Cooperation with Potential Spanish Business Partners

In line with its mandate to boost Dubai’s credentials as a wholesale hub of choice and as part of ongoing efforts to strengthen cooperation with partners and stakeholders from the private and public sector within and outside the UAE, Dubai Wholesale City (DWSC) welcomed a delegation from the...

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Business & Money | Sunday 21 August, 2016 9:50 am

ManageEngine Enters 2016 Gartner Magic Quadrant for SIEM as the Only New Entrant

ManageEngine, the real-time IT management company, today announced that it has been positioned by Gartner, Inc. for its log management and SIEM solution, Log360, in the 2016 Gartner Magic Quadrant for Security Information and Event Management. The company is the only new addition to the Gartner...

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Business & Money | Sunday 21 August, 2016 9:43 am

Ashridge’s Accelerated Leadership Program plays a key role in the success of Saudization

As more companies embrace Saudization, they are also concerned that young Saudis are being moved up the organization at such a rapid pace that they may end up taking on senior roles before developing the business acumen and necessary leadership competencies.   According to Alex Davda,...

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