Business & Money | Tuesday 18 August, 2015 3:00 pm

Pacific Life Re Australia Receives Regulatory Approval to Commence Writing Reinsurance Business

Pacific Life Re (Australia) Pty Limited (“Pacific Life Re Australia”) has received regulatory approval from the Australian Prudential Regulatory Authority (APRA) to commence writing life reinsurance business in Australia.  Pacific Life Re Australia is part of Pacific Life Re,...

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Business & Money | Tuesday 18 August, 2015 2:30 pm

Deloitte: VAT in the GCC – Old news or new chapter?

The recent action taken by the UAE to eliminate fuel subsidies with effect from 1 August 2015 ignited the debate on tax reform in the Gulf Cooperation Council (GCC) countries. Whilst these countries are facing an increasing amount of pressure on their national budgets, every GCC government...

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Business & Money | Tuesday 18 August, 2015 1:19 pm

NAMARIQ INVESTS SAR150 MILLION TO CONSTRUCT THE BIGGEST RESIDENTIAL LABOR CAMP

King Abdullah Economic City (KAEC) has announced the beginning of the construction and development works of its biggest residential camp for labors. The specially designed camp will occupy an area of 104,000 square meters with a capacity for housing more than 4,000 laborers who are working at...

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Business & Money | Tuesday 18 August, 2015 1:06 pm

UAE Ministry of Energy to host the 8th Exhibition of Electrical Industries in the Arab World

The UAE’s Ministry of Energy (MOENR), with support from key regional organisations including the League of Arab States, has officially announced the hosting of the 8th Exhibition of Electrical Industries in the Arab World (EEIAW) under the theme Minimise Energy, Maximise Energy Efficiency,...

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Business & Money | Tuesday 18 August, 2015 3:06 am

Qatar Rail unveils architectural works opportunities For the Doha Metro stations

Qatar Railways Company (Qatar Rail), the company overseeing the construction of Qatar’s integrated railway network, showcased the architectural opportunities in the works for the Doha Metro stations, during an awareness day that hosted Qatar Rail employees, project managers, design and build...

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Business & Money | Tuesday 18 August, 2015 2:44 am

Black & Veatch Celebrates Its 100th Anniversary Across 16 Time Zones

Black & Veatch today marks 100 years of providing critical infrastructure solutions for clients around the world. Founded in 1915 by Ernest Bateman Black and Nathan Thomas Veatch with 12 employees, the company now provides energy, telecommunications and water solutions in more than 100...

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Business & Money | Tuesday 18 August, 2015 1:24 am

Asia exhibition industry continues a strong growth momentum

 UFI has just released the 11th edition of The Trade Fair Industry in Asia, which shows that Asia exhibition industry continues to grow fast in China and Asia. BSG’s research shows that 18.6 million m2 of space was sold by exhibition organisers to their clients in Asia in 2014. This...

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Business & Money | Monday 17 August, 2015 2:59 pm

MORE THAN 1,500 SCHOOL BAGS PACKED AND DISTRIBUTED TO JUBAIL AREA CHILDREN

More than 100 volunteers from Sadara Chemical Company (Sadara) and the Jubail Volunteering Club (JVC) have joined forces and packed more than 1,500 school bags with stationery and supplies for needy children in and around the Jubail area ahead of the start of the new school year in September. In ...

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Business & Money | Monday 17 August, 2015 11:34 am

MasterCard busts 10 payment myths

Sometimes, a convenient payment solution to make your life easier might seem too good to be true, but with the rise of technology it really is possible. For example, electronic payment developments such as contactless cards and digital wallets seem to be suspiciously simple, too simple in fact that ...

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Business & Money | Monday 17 August, 2015 4:02 am

Jeddah metro to eliminate 30% of traffic movement

The woes Jeddah traffic will soon be a thing of the past, by the introduction of a new form of public transport. The metro system will be established in the city by 2022, enabling commuters to move around the city in a hassle-free manner. The system will consist of light trains such as trams...

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