Tourism & Hospitality | Tuesday 1 March, 2016 1:07 pm

Turkish Airlines announces record high net profit in 2015

According to the consolidated financial statements reported to Borsa Istanbul, Turkish Airlines reported 1 billion 69 million USD net profit surpassing a billion dollar level for the first time in its history. Profit from main operations stood at 895 million USD with an increase of  32...

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Cars & Autos | Tuesday 1 March, 2016 12:05 pm

Ford Mustang GT-H 2016

In 1966, Ford and Carroll Shelby teamed up to produce a special run of rental cars. This would be an odd footnote in automotive history had the two companies gussied up a few Falcon sedans with stickers and a special weekend rental rate, but that’s not what happened. Instead, the Shelby...

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Technology & IT | Tuesday 1 March, 2016 9:46 am

From Pinhole to Smartphone: Evolving Cameras, Evolving Needs

When photography was first invented – some 175 years ago – it took just over eight hours to take a photograph. Nowadays, it takes less than a second. And in an additional second, the photograph can be shared online with hundreds, or even millions of people.   The technology ...

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Business & Money | Tuesday 1 March, 2016 9:44 am

Flemming Dalgaard Appointed CEO of Gulftainer

Gulftainer, the world’s largest privately-owned, independent port operator based in the UAE has announced the appointment of Flemming Dalgaard as the new Chief Executive Officer of the Group. Former CEO Peter Richards will now serve on Gulftainer’s Executive Board and lead the expansion ...

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Technology & IT | Tuesday 1 March, 2016 9:43 am

STC awards Gemalto and Comarch to implement new IoT connectivity platform

Saudi Telecom Company (STC), the largest telecommunication services provider in the Middle East and North Africa and the leading operator within the Kingdom of Saudi Arabia, has selected Gemalto, the world leader in digital security, and Comarch, a global powerhouse specialized in the design,...

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Business & Money | Tuesday 1 March, 2016 7:01 am

Makkah emir to open Jeddah Economic Forum today

Prince Khaled Al-Faisal, emir of Makkah and adviser to Custodian of the Two Holy Mosques, will inaugurate the Jeddah Economic Forum 2016 (JEF) at Jeddah Hilton on Tuesday. More than 80 high-profile Saudi and international economic experts and business leaders will attend the three-day event with ...

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Government | Tuesday 1 March, 2016 6:58 am

Kingdom seeks oil price stability

The Kingdom remains committed to a stable oil market and will continue to communicate with major producers to prevent price fluctuations. This was the message from the country’s Cabinet ministers at their meeting held at Yamamah Palace in Riyadh on Monday chaired by Custodian of the Two...

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Business & Money | Tuesday 1 March, 2016 6:51 am

Shoura okays National Strategy for Housing

The Shoura Council on Monday approved the National Strategy for Housing that outlines the mechanism to make housing available for people with special needs, widows, orphans and divorcees who do not have the support of their families. The session was chaired by the Council President Sheikh...

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Tourism & Hospitality | Tuesday 1 March, 2016 5:49 am

Majid Al Futtaim’s malls in Dubai to serve up a delicious helping of activities during Dubai Food Festival (DFF) 2016

To mark Dubai Food Festival, Majid Al Futtaim’s malls in Dubai—in partnership with Dubai Festivals and Retail Establishment (DFRE)—are offering visitors a programme of culinary fun and the opportunity to help children in need with a new charity initiative “Draw for...

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Technology & IT | Tuesday 1 March, 2016 5:28 am

Huawei Opening up Massive Commercial Use of 4.5G & 5G Broadband, the Backbone of a Digital Economy

This past week’s Mobile World Congress saw Huawei and other heavyweights from the mobile industry lay the foundation for wider commercial use of 4.5G & 5G broadband—considered the backbone of today’s digital economy.   Huawei Deputy Chairman and Rotating CEO Guo...

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