Business & Money | Sunday 12 June, 2016 12:11 pm

ASIA SQUARE TOWER 1 SOLD TO QATAR INVESTMENT AUTHORITY

Asia Square Tower 1 has been sold by a BlackRock-advised fund to the Qatar Investment Authority (QIA) at approximately S$3.4billion (US$2.45 billion).    CBRE and JLL are joint sole advisors for this transaction for a BlackRock-advised fund.   Rob Blain, Executive...

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Technology & IT | Sunday 12 June, 2016 6:55 am

Lenovo Unveils World’s First Tango-Enabled Smartphone – PHAB2 Pro

Lenovo (HKSE: 992) (ADR: LNVGY) today launched the much anticipated PHAB2 Pro – the world’s first Tango-enabled smartphone to enable augmented reality experiences – plus the dual-camera PHAB2 Plus and full-sized PHAB2 smartphones.   PHAB2 Pro: World’s...

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Business & Money | Sunday 12 June, 2016 6:53 am

Dubai Investments wins glass contracts for tallest building, iconic projects in Pakistan

Dubai Investments PJSC, the leading, diversified investments conglomerate listed on the Dubai Financial Market, has announced that its subsidiary Emirates Glass LLC, one of the largest processors of flat architectural glass in the region and part of Glass LLC – the first glass holding company ...

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Technology & IT | Sunday 12 June, 2016 5:46 am

Mobily Announces the New Validity System for Prepaid Packages

Etihad Etisalat (Mobily) announced the new SIM validity system for all prepaid customers. This will provide the subscriber permanent validity based on activity rather than recharge only, as it was followed earlier. The new validity system will be applied on both new and existing subscribers in...

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Tourism & Hospitality | Sunday 12 June, 2016 5:40 am

New domestic airline from June 22

SaudiGulf airline will be licensed to start domestic flights in the Kingdom from June 22, Air Transport World quoted a statement issued by the General Authority of Civil Aviation (GACA) on Friday. SaudiGulf airline is one of two new carriers that have been preparing to launch services in the...

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Business & Money | Sunday 12 June, 2016 4:43 am

Midas achieves new milestone with ME's largest furniture showroom in Riyadh

Midas Furniture has set yet another milestone in its journey of two decades by opening the largest ever furniture showroom in the Middle East, spanning 17000 sqm. The new showroom located in Riyadh's upmarket district of Al-Yasamine Boulevard on King Abdul Aziz Road, Exit...

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Business & Money | Sunday 12 June, 2016 4:16 am

KSA building houses, schools and hospitals in Pakistan

Saudi Arabia is building 1,900 housing units, 33 schools and 23 healthcare centers in Pakistan as part of a relief package for earthquake and flood victims in the country. Dr. Khaled Mohammed Al-Othmani, regional director of the Custodian of the Two Holy Mosques Campaign for the Relief of...

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Tourism & Hospitality | Sunday 12 June, 2016 4:12 am

Balad festival likely to draw 1m visitors in holy month

JEDDAH: The Ramadan festival in the historic Balad district of Jeddah has started on a very successful note, with more than 20,000 people turning up on the opening day of the event itself. The organizers of the event, entitled “Our Ramadan was like this,” said they are expecting more ...

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Tourism & Hospitality | Sunday 12 June, 2016 2:01 am

Turkish Airlines adds its 3rd destination in Romania by inaugurating flights to Cluj

With existing services to Bucharest and Constanta, Turkish Airlines adds flights to Cluj, one of the most important academic, cultural an industrial cities in Romania, as its 3rd destination.  Beginning from 12nd July, Cluj flights will be operated 4 times per week on Mondays,...

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Business & Money | Saturday 11 June, 2016 7:31 am

Saudi Aramco, GE to install first wind turbine in Saudi Arabia

Saudi Aramco and GE are partnering to install Saudi Arabia’s first Wind Turbine at the Turaif Bulk Plant, located in the north-west of the Kingdom. The initiative is in line with Saudi Vision 2030 as endorsed by the Saudi Cabinet that has set an initial target of generating 9.5 gigawatts...

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