Tourism & Hospitality | Sunday 5 June, 2016 6:12 am

Jeddah Historical Area ready for Ramadan

The Jeddah municipality has made special arrangements to receive visitors and tourists to the Historical Area during the holy month of Ramadan. "The arrangements include bus trips and volunteers monitoring movement of vehicles, visitors and shops," said Sami Nawwar, director of culture...

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Government | Sunday 5 June, 2016 6:00 am

Prophet’s Mosque geared to welcome Ramadan visitors

The agency that looks after the affairs of the Prophet’s Mosque in Madinah has mobilized 5,000 employees, including women, to implement its Ramadan plan designed to ensure the welfare and comfort of pilgrims and visitors around the clock during the holy month. “We have readied 16,000 ...

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Business & Money | Sunday 5 June, 2016 5:56 am

SES Prices Hybrid Bond Offering of EUR 750 million

This transaction is of strategic and long-term importance for SES, and complements the recent equity raise which generated gross proceeds of EUR 908.8 million. Together these transactions are fully consistent with SES’s commitment to maintaining its investment grade credit rating (BBB/ Baa2)...

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Tourism & Hospitality | Saturday 4 June, 2016 4:08 pm

Kempinski Hotel & Residences Palm Jumeirah hosts Magical Ramadan Nights at the Award-Winning Layali Tent

Kempinski Hotel & Residences Palm Jumeirah is set to host Iftar and Suhoor like no other in Dubai, at the preferredLayali Tent on a bigger, grander and more spectacular scale, which was previously recognized as the best Iftar and Suhoor in Dubai by Gulf Business 2015.  From...

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Tourism & Hospitality | Saturday 4 June, 2016 3:58 pm

Downtown Rotana - Bahrain’s New Hospitality Gem in the Heart of the Capital

Rising amidst the traditional backdrops of the Manama ‘suq’ and the modern skyline of the Kingdom’s central business and financial district, Downtown Rotana is the newest five-star hotel to open in the heart of Bahrain’s capital.  Standing high above ground, at...

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Business & Money | Saturday 4 June, 2016 3:40 pm

Visa Introduces NFC-Enabled Payment Ring for Team Visa Sponsored Athletes to Use at Rio 2016 Olympic Games

Visa Inc. (NYSE:V), the exclusive payment provider at the Olympic and Paralympic Games, today introduced a new innovation for use at the Rio 2016 Games – the first payment wearable ring backed by a Visa account. The Visa payment ring will be given to all Team Visa athletes in Rio, a group of...

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Business & Money | Saturday 4 June, 2016 3:18 pm

L’azurde and Saudi Fransi Capital hold IPO signing ceremony with receiving banks

L’azurde Company for Jewelry (“L’azurde” or “the Company”) and Saudi Fransi Capital today held an official signing ceremony to formalize agreements with the receiving banks for its Initial Public Offering (IPO).  The ceremony was held at the offices of Saudi ...

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Technology & IT | Saturday 4 June, 2016 3:12 pm

Mobily adds “Dairy Queen” Restaurants to Neqaty Partners

Etihad Etisalat (Mobily) announced the addition of DQ restaurant series” to the list of Mobily's Neqaty partners, thus adding a unique and important versatile addition to the program's Partners, which offers the best added value to its subscribers and is considered as one of the best...

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Business & Money | Saturday 4 June, 2016 2:24 pm

Joyalukkas opens its second showroom in Jeddah at LuLu

Joyalukkas’ commitment for growth and expansion continues in the year 2016. This year the ‘world’s favorite jeweler, has planned to open around 15 plus showrooms around the world. Joyalukkas has also started the year in the festive spirit for its customers with new exciting...

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Business & Money | Saturday 4 June, 2016 4:53 am

6% tax on expat remittances urged

The Shoura Council’s finance committee is backing a proposed tax on the remittances of expats, starting from 6 percent in the first year and gradually reducing to 2 percent permanently from the fifth year onward. The tax proposal was drafted by Hossam Al-Anqari, head of the General Auditing...

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