Business & Money | Sunday 5 June, 2016 5:56 am

SES Prices Hybrid Bond Offering of EUR 750 million

This transaction is of strategic and long-term importance for SES, and complements the recent equity raise which generated gross proceeds of EUR 908.8 million. Together these transactions are fully consistent with SES’s commitment to maintaining its investment grade credit rating (BBB/ Baa2)...

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Tourism & Hospitality | Saturday 4 June, 2016 4:08 pm

Kempinski Hotel & Residences Palm Jumeirah hosts Magical Ramadan Nights at the Award-Winning Layali Tent

Kempinski Hotel & Residences Palm Jumeirah is set to host Iftar and Suhoor like no other in Dubai, at the preferredLayali Tent on a bigger, grander and more spectacular scale, which was previously recognized as the best Iftar and Suhoor in Dubai by Gulf Business 2015.  From...

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Tourism & Hospitality | Saturday 4 June, 2016 3:58 pm

Downtown Rotana - Bahrain’s New Hospitality Gem in the Heart of the Capital

Rising amidst the traditional backdrops of the Manama ‘suq’ and the modern skyline of the Kingdom’s central business and financial district, Downtown Rotana is the newest five-star hotel to open in the heart of Bahrain’s capital.  Standing high above ground, at...

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Business & Money | Saturday 4 June, 2016 3:40 pm

Visa Introduces NFC-Enabled Payment Ring for Team Visa Sponsored Athletes to Use at Rio 2016 Olympic Games

Visa Inc. (NYSE:V), the exclusive payment provider at the Olympic and Paralympic Games, today introduced a new innovation for use at the Rio 2016 Games – the first payment wearable ring backed by a Visa account. The Visa payment ring will be given to all Team Visa athletes in Rio, a group of...

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Business & Money | Saturday 4 June, 2016 3:18 pm

L’azurde and Saudi Fransi Capital hold IPO signing ceremony with receiving banks

L’azurde Company for Jewelry (“L’azurde” or “the Company”) and Saudi Fransi Capital today held an official signing ceremony to formalize agreements with the receiving banks for its Initial Public Offering (IPO).  The ceremony was held at the offices of Saudi ...

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Technology & IT | Saturday 4 June, 2016 3:12 pm

Mobily adds “Dairy Queen” Restaurants to Neqaty Partners

Etihad Etisalat (Mobily) announced the addition of DQ restaurant series” to the list of Mobily's Neqaty partners, thus adding a unique and important versatile addition to the program's Partners, which offers the best added value to its subscribers and is considered as one of the best...

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Business & Money | Saturday 4 June, 2016 2:24 pm

Joyalukkas opens its second showroom in Jeddah at LuLu

Joyalukkas’ commitment for growth and expansion continues in the year 2016. This year the ‘world’s favorite jeweler, has planned to open around 15 plus showrooms around the world. Joyalukkas has also started the year in the festive spirit for its customers with new exciting...

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Business & Money | Saturday 4 June, 2016 4:53 am

6% tax on expat remittances urged

The Shoura Council’s finance committee is backing a proposed tax on the remittances of expats, starting from 6 percent in the first year and gradually reducing to 2 percent permanently from the fifth year onward. The tax proposal was drafted by Hossam Al-Anqari, head of the General Auditing...

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Tourism & Hospitality | Saturday 4 June, 2016 3:56 am

Etihad Airways Equity Partners Sign Declaration to Support The Prevention of Illegal Wildlife Trade

Five Etihad Airways equity ‎partner airlines signed up to the Buckingham Palace Declaration, committing to major steps to fight illegal wildlife trafficking and efforts to help protect many of the world's iconic wildlife species. The Declaration of the United for...

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Government | Saturday 4 June, 2016 3:46 am

Sight Ramadan crescent on Sunday

As the Supreme Court in Riyadh urged Muslims to look for the crescent to mark the beginning of the holy month of Ramadan on Sunday, imams at mosques throughout the Kingdom, including those in Makkah and Madinah, welcomed Friday the holy month of Ramadan with an immense sense of sanctity and...

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