Business & Money | Saturday 30 May, 2015 12:03 am

Barwa Bank awarded by Euromoney for Innovation in Islamic Finance

Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, has been recognized by the Euromoney Awards for Innovation in Islamic Finance 2015 for its lead role in international Sukuk issuance. Against a number of criteria across key metrics including innovation, cross border...

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Business & Money | Friday 29 May, 2015 3:09 pm

Red Hat Extends Enterprise Management for OpenStack with CloudForms 3.2

Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced Red Hat CloudForms 3.2, the latest version of its award-winning solution for managing private and hybrid clouds. CloudForms 3.2 delivers innovative management features that enable customers to...

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Business & Money | Friday 29 May, 2015 2:19 am

Over 1.8 million Saudis vie for 11,300 jobs

Over 1.86 million Saudis have applied for jobs under the Taqat job placement program run by the Human Resources Development Fund (HRDF).Data released by the HRDF showed that there are only 11,300 job vacancies across the country, a shortfall of 90 percent.University graduates made up 290,000 or 16...

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Business & Money | Friday 29 May, 2015 2:17 am

Most 989 callers complain about traffic fines

Seventy percent of the 400,000 daily calls made to the 989 number are related to complaints about traffic fines and services, according to the public security department of the Interior Ministry.Complaints about service delays and legal issues are referred to the director of public security Lt....

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Business & Money | Thursday 28 May, 2015 3:05 pm

Seddiqi Holding Unveils Swiss Watch Services

Seddiqi Holding— a family-owned and -managed company with a diversified portfolio of businesses— today officially unveiled Swiss Watch Services, the Middle East’s largest and most comprehensive customer care center for timepieces. With expertise in servicing over 60 watch brands and 200,000...

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Business & Money | Thursday 28 May, 2015 2:03 pm

KPMG Al Fozan & Al Sadhan Reviews the Effects Foreign Accounts Tax Compliance Act

KPMG in Saudi Arabia organised a seminar in Riyadh to review the tax compliance obligations on US citizens living in Saudi Arabia. US citizens and Green Card holders, whether they live in the United States or abroad, are required, under US tax law, to file US tax returns and report their worldwide ...

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Business & Money | Thursday 28 May, 2015 12:39 pm

SEDCO Capital inks realty deals worth $145.5 mln in the United States

In-line with the firm’s strategy in investing in high-quality assets and investment opportunities, SEDCO Capital, a leading Saudi asset manager, announced three new realty deals worth $145.5 million, bolstering the firm’s investments in the U.S. Commenting on the deals, Hasan Al-Jabri, Chief...

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Business & Money | Thursday 28 May, 2015 9:38 am

Italy and Germany spearhead international participation at Automechanika Dubai 2015

- Top European manufacturers get ready for action at Middle East and Africa’s largest auto aftermarket trade show- Italy and Germany will spearhead a record turnout of international exhibitors at Automechanika Dubai 2015, as the wider Middle East and Africa’s largest automotive...

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Business & Money | Thursday 28 May, 2015 3:02 am

Kingdom ‘means’ business

Custodian of the Two Holy Mosques King Salman on Wednesday emphasized his government’s commitment to address the issues facing businesses and adopt viable steps to woo local and foreign investment.Speaking to business leaders including chairmen of chambers and banks, the king called for the...

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Business & Money | Thursday 28 May, 2015 2:56 am

Penspen Appoints New EVP Asset Management & Asset Integrity and Regional Director of the Americas

Penspen, a leading global provider of engineering and management services to the energy industry, has strengthened its Houston team with the appointment of Carl Mook as the new EVP Asset Management and Asset Integrity and Regional Director of the Americas.In his new EVP role, Carl will be...

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