Business & Money | Thursday 27 October, 2016 5:03 am

Saudi financial position strong: Minister

Saudi Arabia’s financial position remains strong despite sinking oil prices, although there is “some pressure” on bank liquidity, the finance minister has said. “We have been able to maintain a good position in public finances,” Ibrahim Al-Assaf told a...

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Business & Money | Thursday 27 October, 2016 5:02 am

​Al-Muqarram Auto Spare Parts Expansion Strategy Sets Sights on Global Footprint

Driven by its on-going success Al-Muqarram Auto Spare Parts Trading (A-MAP), one of the largest distributors of automotive products in the region, is poised for further expansion. Located in the heart of Dubai’s main business trading hub, Deira, A-MAP presently operates a network of branches...

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Business & Money | Thursday 27 October, 2016 3:07 am

“A Book for Every Traveller”, a reading initiative from Dubai Customs

There certainly have been many major reading initiatives and activities taking place across the country to achieve the objectives of the Year of Reading 2016 initiative, launched by H.H. Sheikh Khalifa bin Zayed Al Nahyan, UAE President, which is aimed at weaving the habit of reading into the very...

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Business & Money | Wednesday 26 October, 2016 5:45 pm

QFBA to host the GMC International Final for the first time in the Arab World

For the first time ever in the GCC and the Arab World, Qatar Finance and Business Academy (QFBA), in association with ADNAR Group, will be hosting the International Final for the 2016/2017 edition of the world’s largest simulation-based strategy and management competition, the ‘Global...

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Business & Money | Wednesday 26 October, 2016 5:32 pm

Global Environmental Management Services LLC signs SAR 300,000,000 Murabaha Capital Expenditure and Working Capital Facility

Global Environmental Management Services LLC (‘GEMS’), a KSA-based, integrated waste management and recycling company, has successfully concluded a SAR 300,000,000 capital expenditure and working capital facility structured in the Murabaha format. Arab Petroleum Investments Corporation...

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Business & Money | Wednesday 26 October, 2016 4:14 pm

Jawaher Al Qasimi Donates her Coat to the ‘Jeans for Refugees’ Charity Initiative

The wife of His Highness the Ruler of Sharjah, Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of NAMA Women Advancement Establishment (NAMA) and the United Nations High Commissioner for Refugees (UNHCR)’s Eminent Advocate for Refugee Children, has donated her coat to the...

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Business & Money | Wednesday 26 October, 2016 4:12 pm

Sharjah Ladies Duathlon 2016 Opens for Registration

Sharjah Ladies Club (SLC) has announced that its 14 kilometer Duathlon is now open for registration. Scheduled to take place on November 11 from 6:30-11:00 am at Al Qasimia University in Sharjah, the race is expected to witness a huge number of participants in view of the great success it achieved...

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Business & Money | Wednesday 26 October, 2016 4:06 pm

Local Company Essilor Sweep up at Vision-x vp Awards 2016 For Third Year in a Row

Taking home three awards out of four nominations UAE-based lens manufacturer, ESSILOR swept up by earning the most accolades for the third year running, reaffirming their place as one of the top optical companies in the regional market at the third edition of the Vision-X VP Awards...

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Business & Money | Wednesday 26 October, 2016 3:49 pm

Grand Celebration to Mark 20 Years of Sika Arabia in The GCC

: Sika Arabia, a joint venture with Saudi Sumam Chemicals, held a gala dinner to celebrate 20 years of success established across the GCC countries on Friday, 21 October 2016 at Art Rotana, Bahrain. The dinner also honored 27 employees who had dedicated 15 years or more of service to the...

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Business & Money | Wednesday 26 October, 2016 3:30 pm

Ericsson’s BOARD names Börje Ekholm new President and CEO

Ericsson (NASDAQ:ERIC) today announced that its Board of Directors has appointed Börje Ekholm President and CEO, effective January 16, 2017. Börje Ekholm will also remain a member of the Board of Directors of Ericsson.  Chairman of the Board Leif Johansson says: “I am...

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