Business & Money | Monday 31 December, 2018 2:44 am

ADX wins IBMC UAE-INDIA Business Excellency Award 2018

Abu Dhabi Securities Exchange, ADX, has received the 'IBMC UAE-INDIA Business Excellency Award 2018'. The award is a top international recognition that honours business excellence in India and the UAE. The award ceremony took place at Emirates Palace hotel, as part of the closing...

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Business & Money | Sunday 30 December, 2018 12:57 pm

Al-Hokair takes a giant leap in ‘Virtual Reality’ space with UK’s Immotion

Al Hokair Entertainment, one of the leading family entertainment organisations in the region, is now taking the next big leap into the VR space with UK headquartered VR experts, Immotion.   With close to 91 active entertainment centers, under Al Hokair’s key entertainment brand...

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Business & Money | Sunday 30 December, 2018 11:27 am

Protect Your Wealth. Find out how @ the 4th Dubai Family Office Forum

The Dubai Family Office Forum will reveal investment trends as it holds its 4th edition on 5-6 February 2019 at The Palace Downtown in Dubai, United Arab Emirates. Around 115 ultra-high net-worth individuals (UHNWIs), family office investors and business leaders across MENA will benefit from...

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Business & Money | Sunday 30 December, 2018 10:59 am

Emirates Islamic launches ‘Cardless Cash Withdrawal’ feature via its Mobile Banking App

As part of its commitment to provide the best customer experience in digital banking, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has introduced Cardless Cash Withdrawal - a unique feature available on the Bank’s Mobile Banking App. Customers can now...

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Business & Money | Sunday 30 December, 2018 10:31 am

SAMA Pavilion Explains to Visitors Means to Detect Counterfeit Banknote, at Janadriyah 33

The pavilion of the Saudi Arabian Monetary Agency (SAMA) at the National Festival of Heritage and Culture, Janadriyah 33, explained means to visitors, which would enable the public to recognize and differentiate between original and counterfeit banknote, in addition to methods of checking banknotes ...

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Business & Money | Sunday 30 December, 2018 1:29 am

Value of 5 halala coin transactions soars over SR2.12m in November

The value of transactions of 5 halala coins has increased markedly to over SR2.12 million by the end of November, 2018. This figure registered an increase of 1,796 percent compared to SR111,761 at the end of Nov. 2017, according to a recent report of the Saudi Arabian Monetary Agency (SAMA). The ...

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Business & Money | Sunday 30 December, 2018 1:26 am

Saudization of groceries 'to save SR6bn in remittances'

A number of economists expect the Saudization of jobs in groceries to remarkably reduce annual remittances by expatriate workers. They said the remittances would drop by SR6 billion if the decision was implemented. They also believe that the nationalization of work in the groceries would create...

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Business & Money | Saturday 29 December, 2018 1:31 am

Euro currency remains a work in progress on 20th birthday

The euro is about to celebrate its 20th birthday, but the countries that use it are still wrestling over how the shared currency should work and how to fix flaws exposed by the debt crisis that marred its second decade. The euro was launched on Jan. 1, 1999, when 10 countries fixed their exchange...

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Business & Money | Saturday 29 December, 2018 1:21 am

"we are going through a transformation": New Saudi Foreign Minister

Saudi Arabia's new foreign minister struck a note of defiance Friday in the face of international outrage over critic Jamal Khashoggi's murder, rejecting the kingdom was in crisis and his predecessor had been demoted. Ibrahim al-Assaf, a former veteran finance minister, replaced Adel...

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Business & Money | Friday 28 December, 2018 3:24 am

Saudi naval forces prepare for Red Wave 1

The joint military drill, Red Wave 1, is to launch early next week with the participation of the countries bordering the Red Sea, including Jordan, Egypt, Sudan, Djibouti and Yemen, in addition to observers from Somalia in the Western Fleet. “This exercise, which will be implemented by the...

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