Business & Money | Tuesday 3 May, 2016 11:40 am

Gulf Capital Acquires 100% of Multibrands to Capitalise on the Growth in Consumption in Saudi Arabia

Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today that it has acquired 100% of Multibrands Trading Co, one of largest food and beverage (F&B) distributors in the Kingdom of Saudi Arabia, with an annual turnover in excess of US$100...

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Business & Money | Tuesday 3 May, 2016 11:01 am

Emirates NBD Saudi Arabia PMI™ PMI slips to three-month low in April

Growth of Saudi Arabia’s non-oil private sector stalled in April, with business conditions improving at the slowest pace in three months. Output continued to rise sharply, but the rate of job creation eased to near-stagnation. New business increased to the least extent in the...

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Business & Money | Tuesday 3 May, 2016 9:37 am

Doha Bank brings back its hugely popular Expat Account Package with enhanced benefits

Following its huge success last year, Doha Bank has announced the launch of an all-new Expat Account Package offering customers enhanced rewards and benefits. The Expat Account Package from Doha Bank is a bundle of banking products and services tailored to the needs of expat professionals from all...

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Business & Money | Tuesday 3 May, 2016 5:40 am

All-women business park to create 21,000 jobs by 2025

Saudi Aramco and Princess Nourah University (PNU) in cooperation with Wipro, an Indian IT services corporation, inaugurated in Riyadh on Monday Saudi Arabia’s first all-women business and technology park (WBP), which is expected to create nearly 21,000 jobs by 2025. The park in the PNU...

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Business & Money | Tuesday 3 May, 2016 4:53 am

SOUQ.COM ‘MAY MOBILE MANIA’ SALE SET TO BOLSTER SMARTPHONE GROWTH THROUGH E-COMMERCE IN KSA

Souq.com the largest online retail and marketplace platform has announced its ‘May Mobile Mania’ sale in the Kingdom of Saudi Arabia, designed to capitalise on the booming smartphone usage in the region. With the KSA on track to be the first country in the world that operates as...

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Business & Money | Monday 2 May, 2016 5:38 pm

WORK TAKES OVER FAMILY TIME IN THE REGION ACCORDING TO CENTREPOINT STUDY

Centrepoint, the region’s largest family fashion retailer, celebrates the upcoming World Family Day on May 15th by encouraging families of the region to spend quality time with loved ones. The brand that is hugely popular for its variety of fashion clothing, kids-wear, accessories, cosmetics...

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Business & Money | Monday 2 May, 2016 5:24 pm

Saudi Aramco, PNU and Wipro Inaugurate First All-Women Business & Technology Park in Saudi Arabia

Saudi Aramco, Princess Nourah University (PNU) and Wipro Arabia Limited, a subsidiary of Wipro Limited, a leading information technology, consulting and business process services company, today inaugurated the Kingdom of Saudi Arabia’s first all women Business & Technology Park. The...

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Business & Money | Monday 2 May, 2016 4:52 pm

Souq.com opens Microsoft Online Store for UAE and Saudi customers

Souq.com, the Middle East’s largest online retail and marketplace platform today announced the launch of the Microsoft online store, providing consumers in the UAE and Saudi Arabia with an exclusive destination for the wide assortment of Microsoft’s ecosystem of products, ranging from...

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Business & Money | Monday 2 May, 2016 3:37 pm

The first “promotional” event dedicated to drones!

    From 6 May to 19 June 2016, “It’s Flying Season®” with Parrot For six weeks right before summer, piloting a drone will be more accessible than ever with Parrot offering 120 AED to 400 AED off its consumer drones products   As a pioneer in...

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Business & Money | Monday 2 May, 2016 2:39 pm

Exclusive Developments For The Industry Announced at AHIC 2016

2 May 2016 – At last week’s twelfth Arabian Hotel Investment Conference (AHIC), major international hotel brands announced expansion plans and hosted signings at the Madinat, Jumeirah location.   Fairmont Hotels and Resorts On the first full day of the conference (27th...

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