Business & Money | Wednesday 29 April, 2015 2:42 pm

New Zealand Prime Minister launches education competition

New Zealand Prime Minister Rt Hon John Key has launched an online social media competition, offering Saudi students an opportunity to study in New Zealand.The #whynewzealand competition gives Saudi students a chance to win one of eight full academic scholarships to study in New Zealand for up to...

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Business & Money | Wednesday 29 April, 2015 10:05 am

JIB posts US$ 16.08 million in profits after tax For the first quarter of 2015

- Jordan Islamic Bank (JIB) achieved net profits after tax for the first quarter of 2015 that amounted to about US$ 16.08 million compared to about US$ 14.67 million for the first quarter of 2014 with a growth of about 9% , whereas profits before tax for the 1st quarter of 2015 reached about...

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Business & Money | Wednesday 29 April, 2015 1:19 am

3M Announces First-Quarter Results

Company Posts Sales of $7.6 Billion and Earnings of $1.85 per ShareFirst-Quarter Highlights:• Organic local-currency sales growth of 3.3 percent• Positive organic local-currency growth in all business groups and geographic areas• Operating income margins of 22.8 percent, up 0.9 percentage...

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Business & Money | Tuesday 28 April, 2015 3:20 pm

JOTUN PARTICIPATES AT THE JEDDAH JOB FAIR

Jotun, the Kingdom’s Number One paint manufacturer, established a major presence as a Silver sponsor at the recent job fair held at the Jeddah Hilton on March 25-27, joining a number of successful companies aiming to increase the percentage of Saudi employees on their payrolls.One of the...

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Business & Money | Tuesday 28 April, 2015 3:17 pm

Ooredoo and Paris Saint-Germain Extend Football Training Programme

Ooredoo and Paris Saint-Germain continue to expand their football coaching programme for young people across the MENA region, with the latest “Paris Saint-Germain Academy brought to you by Ooredoo” taking place in Algeria last weekend. Since the launch in 2014, Ooredoo and Paris Saint-Germain...

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Business & Money | Tuesday 28 April, 2015 7:16 am

Saudi high oil output based on demand

Saudi Arabia's high crude oil production policy is based on the status of global demand and the top oil exporter is keen to maintain its market share, the Kingdom's deputy minister of petroleum and mineral resources said on Monday.Speaking to reporters in Saudi Arabia, Prince Abdul Aziz bin Salman ...

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Business & Money | Tuesday 28 April, 2015 7:14 am

Itqan Capital, Mubasher sign deal to set up global brokerage firm

Saudi-based investment company Itqan Capital, licensed by the Capital Market Authority (CMA) and a member of Albaraka Banking Group, and Mubasher Financial Services BSC, a major provider of regional brokerage services in the Middle East, signed a memorandum of understanding (MoU) aiming to...

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Business & Money | Tuesday 28 April, 2015 12:47 am

Bosch Home Appliances forays into Saudi Arabia

Global home appliance manufacturer, Bosch Home Appliances, has announced its foray into the Saudi Arabian market through strategic alliance with one of the leading local distributors, Abdul Lateef Jameel electronics & Air-conditioning Co Ltd. This move is in line with the brand’s overall business ...

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Business & Money | Tuesday 28 April, 2015 12:09 am

New Opportunities in Kingdom’s Real Estate to be examined at Euromoney Saudi Arabia Conference

The Saudi Arabian real estate market – long thought to be the “sleeping giant” of the region – could be set to wake up and undergo significant change in 2015, with the announcement of a new tax on undeveloped urban land and the planned opening of the King Abdullah Financial District....

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Business & Money | Monday 27 April, 2015 3:07 pm

GOIC inaugurates “Invest in Qatar 2015” introducing industrial investment opportunities worth 500 million Qatari Riyals

“Invest in Qatar 2015” was inaugurated this morning. The Forum is organised by the Gulf Organization for Industrial Consulting (GOIC) in collaboration with the Ministry of Energy and Industry and the Economic Zones Company (Manateq), under the patronage of His Excellency Sheikh Abdullah Bin...

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