Business & Money | Wednesday 1 June, 2016 1:12 pm

Saudi Aramco signs MoU with GE and Cividale SpA to set up high-end forging & casting manufacturing facility in the Kingdom

Saudi Aramco has signed a Memorandum of Understanding (MoU) with GE (NYSE: GE) and Cividale SpA of Italy to build the Middle East and North Africa’s first-of-its-kind high-end forging & casting manufacturing facility that will serve the region’s maritime and energy...

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Business & Money | Wednesday 1 June, 2016 12:56 pm

Tata Communications expands flagship IZO™ cloud enablement platform with new storage service portfolio

Tata Communications launches IZOTM Cloud Storage, a simple and scalable storage service portfolio, adding to its game-changing IZO™ cloud enablement platform. Underpinned by the world's largest wholly-owned subsea cable network, IZOTM Cloud Storage is designed to...

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Business & Money | Wednesday 1 June, 2016 8:28 am

Dr Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera named the Businessman of the year.

In its second edition, Qatar Today Business Excellence Awards (QTBEA) brought together the top businessmen and dignitaries in the country to celebrate the resilience of Qatar's economy, honoring Dr. Mohammed Nasser Al Qahtani, DCEO of Al Meera consumer goods company (Q.S.C) as the businessman...

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Business & Money | Wednesday 1 June, 2016 5:29 am

Saudi International Petrochemical Company Collaborates with IBM for IT Services and Digital Transformation

IBM (NYSE: IBM) has signed a ten-year technology services and digital transformation agreement with Saudi International Petrochemical Company (Sipchem). Sipchem will leverage IBM’s cloud, mobile, analytics and security platforms and services to support its ambitious efficiency enhancement and ...

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Business & Money | Wednesday 1 June, 2016 3:24 am

GREE – the new global #1 in air conditioning SET TO DOMINATE THE GLOBAL HVAC MARKET WITH TECHNOLOGY-ORIENTED SOLUTIONS

GREE Appliances Inc. ― the Chinese giant in the heating, ventilation and air-conditioning (HVAC) industry, has rapidly grown from annual sales of 40,000 units in its first year of operation, to a manufacturing capacity of 65 million units in 2015. With over 800 million users in 213 countries,...

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Business & Money | Tuesday 31 May, 2016 4:05 pm

GE celebrates industry partnerships in the Kingdom that support the goals of Saudi Vision 2030

 GE (NYSE: GE) today celebrated its partnerships in the Kingdom that are aimed at supporting economic and industrial diversification, driving localized manufacturing, creating new jobs and promoting human capital development.   John Rice, Vice Chairman of GE, hosted a special event...

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Business & Money | Tuesday 31 May, 2016 4:00 pm

MasterCard leads debate on sustainable banking, public-private partnerships at 2016 International Arab Banking Summit

MasterCard, a technology company in the global payments industry, reaffirmed its support for the Arab banking industry’s journey towards digital transformation and sustainable banking practices with its sponsorship of the “Arab Banker of the Year 2016” Award, which was held...

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Business & Money | Tuesday 31 May, 2016 3:50 pm

NWC's: 250,000 m3 of water to be pumped daily in Taif

NWC’s completed operational plan aims to cut waiting periods for Taif suburbs to receive water from 24 days to a maximum of five to seven days over the demanding summer period. The Company said it is constantly working with the Saline Water Conversion Corporation to increase water supplies,...

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Business & Money | Tuesday 31 May, 2016 2:15 pm

Women on boards in the GCC: Not a priority to business leaders

With businesses in the GCC facing pressing challenges, including oil prices, the issue of gender balance at board level is not a priority in the present climate. This and other revelations are among the findings of a study released today entitled View from the top: What business executives...

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Business & Money | Tuesday 31 May, 2016 1:55 pm

Initiative MENA Awarded at the MENA Digital Awards 2016

Initiative MENA was awarded at the MENA Digital Awards 2016, which adds two more recognitions to its bucket of 30 campaign shortlists and wins since the beginning of 2016.    The Gold win was for the agency work with KFC’s ‘Flying Bucket’ campaign (Dubai), earning...

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