Business & Money | Thursday 11 July, 2019 10:10 am

Arkema to further extend its presence in the Kingdom of Saudi Arabia with the acquisition of ArrMaz

  Arkema completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining and infrastructure markets with a strong presence in Saudi Arabia. Thanks to this acquisition, Arkema will support the development of its customers in the region with top...

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Business & Money | Thursday 11 July, 2019 12:00 am

Dubai’s residential market to remain buyer and tenant-friendly

Dubai’s tenants and end-users are continuing to benefit from reduced apartment and villa sales prices, as well as a softening rental market, a trend expected to continue for the remainder of the year, according to the latest research from leading international real estate services firm,...

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Business & Money | Wednesday 10 July, 2019 12:00 pm

Local artist turns viral Shawarmer marketing campaign

The Riyadh street art scene has a surprising and highly unconventional new addition with the unveiling of a new piece of work from popular local artist and poet Abdullah Al-Othman. What makes this new piece of work so unique? It’s a 4-meter by 4-meter monument made up of more than 20,000...

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Business & Money | Wednesday 10 July, 2019 11:55 am

Saudi Arabia's Savola issues 1bn riyals sukuk

Savola Group, Saudi Arabia's largest food products company, confirmed on Tuesday it had raised 1 billion riyals ($267 million) in sukuk, or Islamic bonds, in a deal arranged by the Saudi arm of HSBC. Savola made the deal public in a bourse filing, confirming what sources familiar with the...

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Business & Money | Wednesday 10 July, 2019 11:14 am

Aramco awards $18bn contracts to raise Marjan and Berri oilfields output capacity

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and ...

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Business & Money | Wednesday 10 July, 2019 10:41 am

Collinson triples its investment in India to redefine the airport experience

Collinson, a global leader in customer benefits and loyalty, today announces a multi-million-dollar investment into India to fuel additional growth of Priority Pass™, its world-leading airport experiences programme. Priority Pass will double its lounge portfolio in India over the next three...

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Business & Money | Wednesday 10 July, 2019 12:00 am

Corporate treasurers in EMEA are looking beyond their banks for innovation, according to Finastra

New research from Finastra has revealed that the market dominance of banks in the delivery of corporate treasury services is under threat from non-bank market entrants. According to its survey of 380 corporate treasurers from enterprises across Europe, the Middle East and Africa (EMEA), 70 percent...

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Business & Money | Wednesday 10 July, 2019 12:00 am

Badir launches first business accelerator to support Hajj and Umrah sector

King AbdulAziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, officially launched the first business accelerator specialised in supporting and developing the works of entrepreneurs and projects participating in the recently-held ...

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Business & Money | Wednesday 10 July, 2019 12:00 am

Karm Legal joins hands with Malta’s Lex Group to provide end-to-end legal counsel for tech entities

Karm Legal Consultants (Karm), a UAE-based legal consultancy firm focusing on corporate, commercial and technology law, has joined hands with Lex Group in Malta to provide legal expertise for tech enterprises in the UAE and Malta. This will be supported by Fintech Solution Ltd, the fintech arm of...

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Business & Money | Wednesday 10 July, 2019 12:00 am

Darigold Opens Sales Office in Dubai

SEATTLE--(BUSINESS WIRE/AETOSWire)-- Darigold Inc. announces the opening of its office in Dubai through the addition of an in-market sales leader: Benoy Kondoor, sales director – Middle East and Africa, based in Dubai, United Arab Emirates. The new office will enhance customer service and...

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