Business & Money | Saturday 13 February, 2016 6:42 am

Minimum capital for industrial development to be abolished

Under a new ministerial ruling, payment of the minimum capital for industrial development is to be abolished. To support industrial development, the Ministry of Commerce and Industry issued a ministerial decree eliminating the requirement of the minimum capital for the industrial...

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Business & Money | Friday 12 February, 2016 7:50 am

Riyadh governor opens first festival for the handicapped

Riyadh Gov. Prince Faisal bin Bandar inaugurated the first festival for families with handicapped members at the King Fahd Cultural Center (KFCC) on Wednesday evening.  The festival, which will last for three days, features a bazaar that displays handicrafts and other products made by...

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Business & Money | Friday 12 February, 2016 4:55 am

GOIC takes part in the “Contemporary Functions of States from a Knowledge Economy Perspective” Conference

The Gulf Organization for Industrial Consulting (GOIC) participated in the “Contemporary Functions of States from a Knowledge Economy Perspective” Conference held under the patronage of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait. The conference...

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Business & Money | Thursday 11 February, 2016 4:27 pm

OpenShift by Red Hat Named InfoWorld Technology of the Year Award Winner

Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that OpenShift by Red Hat, the company’s cloud application platform offering, has received the Infoworld Technology of the Year award for the second year in a row. The annual awards identify...

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Business & Money | Thursday 11 February, 2016 4:24 pm

Union Bancaire Privée appoints Frédéric Carbonnier as Head of UBP Investment Advisors SA

Union Bancaire Privée (“UBP”) has announced the appointment of Frédéric Carbonnier as CEO of UBP Investment Advisors SA (“UBP IAS”) with effect from 1 January 2016. Created by UBP in Geneva in February 2014, UBP IAS is a Swiss company registered with the ...

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Business & Money | Thursday 11 February, 2016 2:00 pm

More than Three-Quarters of Middle East Respondents Feel Passionate About Their Work

The Bayt.com ‘Passion for Work in the Middle East’ survey, recently conducted by Bayt.com –  the Middle East’s leading career site –  has revealed that the overwhelming majority of respondents from the Middle East and North Africa (MENA) feel that the work...

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Business & Money | Thursday 11 February, 2016 12:20 pm

DAMAC Properties net profit grew 30% to AED 4.51 billion (US$1.23 billion) for full year 2015

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 year ended 31 December 2015.    Financial Highlights   During full year 2015, DAMAC recorded...

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Business & Money | Thursday 11 February, 2016 7:56 am

MENA Women in Finance Award Launched at Diversity Event

A new Middle East & North Africa (MENA) ‘Women in Finance’ award has been launched at an event in Dubai which looked at how businesses can encourage greater diversity and benefit in the process.   The award initiative was announced by event host ACCA (the Association of...

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Business & Money | Thursday 11 February, 2016 7:52 am

OSN marks region’s first all-transaction window buyout deal with Gulf Film for exclusive access to its premium content

Movie-lovers can now have the best of both worlds as OSN, the region’s leading pay-TV network, and Gulf Film, a distributor of major studio productions and independent movies, have signed a six-year exclusive partnership through 2021 for premium film content.   Marking a regional...

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Business & Money | Thursday 11 February, 2016 7:43 am

Philip Morris International Recognized as Top Employer in Europe and the Middle East

Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today was recognized as a Top employer in Europe for the fourth consecutive year, and for the first time in the Middle East, in recognition of the company’s excellent work environment and exceptional development opportunities...

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