Business & Money | Tuesday 14 April, 2015 2:37 pm

A Forced CEO Turnover Costs a Large Company $1.8B More in Shareholder Value than a Planned Turnover

CEO turnovers at big public companies are inevitable and rarely easy. But what is the cost?In terms of shareholder value, it’s more than significant. Simply having a CEO turnover reduces median total shareholder return to -3.5% in the year after the turnover takes place, based on the last three...

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Business & Money | Tuesday 14 April, 2015 2:27 pm

LOTTO KUWAIT ACADEMY CROWNED AS SAUDI ARABIA’S COPA COCA-COLA CHAMPIONS

Copa Coca-Cola, the international youth football tournament has crowned its champion team in the final match played at Irqah football field in Riyadh.  Lotto Kuwait Academy, consisting of nine youths from Dammam between the ages of 13-15, triumphed over Suqour Alderiyah from Riyadh, by winning 3-2 ...

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Business & Money | Tuesday 14 April, 2015 12:57 am

Turkish Airlines adds its 2nd destination in California

and the 11th in the Americas by inaugurating flights to San Francisco.Demonstrating once again its commitment to linking Istanbul to all of the world's major tourist and business centers, Turkish Airlines today adds San Francisco to its global network, bringing this hub of global...

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Business & Money | Tuesday 14 April, 2015 12:50 am

J.P. MORGAN PRIVATE BANK INVESTMENT BAROMETER REVEALS HIGH NET WORTH INVESTOR SENTIMENT

AND THE BIGGEST THREATS IN 2015• Equities retain the confidence of investors (51%), while the number of investors who believe oil could outperform this year has doubled since 2014• Overall 41% of European High Net Worth investors believe the pace of global growth could exceed expectations,...

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Business & Money | Tuesday 14 April, 2015 12:39 am

Value of announced M&A transactions with Middle Eastern involvement reached US$9.5 billion

• Middle Eastern investment banking fees reached US$182.0 million in Q1 2015• Middle Eastern equity and equity-related issuance totalled US$2.5 billion during the first three months of 2015• Middle Eastern debt issuance reached US$6.5 billion during the first quarter of 2015 Thomson Reuters,...

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Business & Money | Tuesday 14 April, 2015 12:28 am

DAMAC Properties Launches a Bumper Week of Promotions on Luxury Living Experiences

Best Pre-Summer Offers for More than Five Years in Dubai Real EstateFor Immediate Release, 13 April 2015: DAMAC Properties has kicked off its biggest week of pre-summer promotional offers since 2010. The leading luxury real estate developer has announced a programme of easy payment plans,...

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Business & Money | Monday 13 April, 2015 3:29 pm

Samsung’s 2015 Edition of the Home Appliances & AC Seminar Highlights Flagship Models

Samsung Electronics Co. Ltd., a global leader in digital media and digital convergence technologies, held its home appliances and AC distributors’ seminar in attendance of Eng. Adnan Matbouli, President of United Matbouli Group along with Mr. Fahad AlZomaia, CEO of United Matbouli Group, and 200...

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Business & Money | Monday 13 April, 2015 12:36 am

The First Investor has acquired a SAR 300 million residential compound in Riyadh

The First Investor (TFI), the investment banking division of Barwa Bank Group (BBG) is pleased to announce the acquisition of a residential compound in Riyadh by Manazel Compounds Real Estate LLC, an entity that has been incorporated for the compounds acquisition. TFI, Barwa Bank, Tanween alongside ...

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Business & Money | Monday 13 April, 2015 12:22 am

Schneider Electric Named as World’s Most Ethical Company

by the Ethisphere Institute Schneider Electric, the global specialist in energy management and automation, announced today that it has been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as 2015’s World’s Most...

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Business & Money | Sunday 12 April, 2015 3:27 pm

SABIC PARTICIPATES IN STEEL EXHIBITION AS PLATINUM SPONSOR

SABIC participated as a platinum sponsor in the 4th International Steel, Steel Fabrication and Metallurgy Exhibition (Metal & Steel/ FABEX Saudi Arabia 2015) in Riyadh from April 6 to 9. The exhibition showcased state-of-the-art products, technology, and equipment relating mainly to iron and steel...

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