Business & Money | Wednesday 11 May, 2016 4:24 am

Riyadh financial district project to be shifted to PIF

Saudi Arabia is to transfer ownership of Riyadh’s King Abdullah Financial District to the Public Investment Fund (PIF) from the Public Pension Agency (PPA), according to four sources aware of the matter. The move is an attempt to rescue the project, started a decade ago with the aim of...

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Business & Money | Wednesday 11 May, 2016 3:44 am

UPS CREATES GLOBAL PARTNERSHIP WITH ZIPLINE AND GAVI

The UPS Foundation (NYSE: UPS) today announced a partnership with Zipline, a California-based robotics company, and Gavi, the Vaccine Alliance, to explore using drones to transform the way life-saving medicines like blood and vaccines are delivered across the world. All too often, critical...

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Business & Money | Wednesday 11 May, 2016 2:52 am

Rice Creamery announces new franchises in Saudi Arabia and Egypt

Rice Creamery, the UAE’s home-grown concept which was launched in 2013 by Glee Hospitality and offering the quintessential Arabian dessert – rice pudding, has announced new franchise partners in Saudi Arabia and Egypt as part of its expansion across the Gulf and Middle...

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Business & Money | Tuesday 10 May, 2016 4:40 pm

Angelina Jolie and Bill Gates reign supreme as world's most admired in 2016

Angelina Jolie and Bill Gates are the most admired man and woman in the world once again according to the latest World’s Most Admired study across 30 countries – conducted by YouGov. It’s clear to see the power of humanitarianism is standing strong when it comes to world...

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Business & Money | Tuesday 10 May, 2016 3:32 pm

UFI Seminar in Europe: The Challenge of Change

We are living in times of constant change! And if you don´t move forwards, you will move backwards…. Moving ahead is definitely the way to go, but in which direction? There are plenty of decisions to be made, different roads to take. But which one is the right one for your...

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Business & Money | Tuesday 10 May, 2016 3:14 pm

On 26 and 27 May in Lausanne, Switzerland, leaders in brain science and finance will convene at the third conference of The Brain Forum

The event will be divided into 2 sections – with Day 1 focusing on entrepreneurship and innovation, and Day 2 on new advances in science and technology.    During Day 1, the Entrepreneurship and Innovation Day, entrepreneurs and investors will share their expertise in...

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Business & Money | Tuesday 10 May, 2016 2:59 pm

Aljomaih Automotive’s philanthropy program encompasses the Disabled Children’s Association

As part of its multifaceted philanthropic approach, Aljomaih Automotive, the largest dealer of General Motors in KSA and the Middle East, equipped the computer class of the Disabled Children’s Association with all the necessary educational tools that enable challenged children to use...

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Business & Money | Tuesday 10 May, 2016 1:44 pm

DAMAC Properties Dubai reports net profit of AED 1.05 billion in first quarter of 2016

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading developer of high-end property in the Middle East, announces results for the three months ending 31 March 2016.    During the first three months of 2016, DAMAC recorded revenues...

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Business & Money | Tuesday 10 May, 2016 11:25 am

Automechanika 2016: For Everyone Who Demands a Bit More

The shared trade fair presentation of the four LuK, INA, FAG and Ruville brands is the result of the in 2014 implemented bundling of the sales activities at Schaeffler Automotive Aftermarket. This was undertaken in order to strengthen the company on the global spare parts market and to work towards ...

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Business & Money | Tuesday 10 May, 2016 11:10 am

President Obama visits Phoenix Contact at the Hannover Messe

President Barack Obama visited the Phoenix Contact booth together with German Chancellor Angela Merkel at the opening of the Hannover Messe (Hannover Trade Show). The heads of state were greeted by CEO Frank Stührenberg as well as the President of the U.S. subsidiary, Jack Nehlig....

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