Business & Money | Tuesday 6 October, 2015 3:56 am

Leaders sign deal to set up Virgin Mobile booths in Jarir Bookstores across Saudi Arabia

Karim Benkirane, CEO of Virgin Mobile Saudi Arabia, and Nasser Al-Agil, COO of Jarir Bookstores, have signed a strategic relationship under which Virgin Mobile booths will be set up at Jarir Bookstores across Saudi Arabia.  The Virgin Mobile booths at the popular retail chain will stock...

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Business & Money | Tuesday 6 October, 2015 2:46 am

Saudi August bank lending growth slowest since 2011

Growth in Saudi Arabia’s bank lending to the private sector slowed to an annual 8.4 percent in August, the lowest rate since June 2011, from 9.4 percent in July, central bank data showed. Money supply (M3) growth slowed to 7.0 percent, the lowest since December 2010, from 8.3 percent. ...

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Business & Money | Tuesday 6 October, 2015 2:36 am

Haramain trains to transport 20,000 people every hour

The Haramain train, linking the holy cities of Makkah and Madinah as well as the business city of Jeddah, will transport more than three million passengers a year with the figure expected to increase with the rise of Haj and Umrah pilgrims, an official statement said. “Pilgrims are the...

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Business & Money | Monday 5 October, 2015 3:23 pm

DAMAC Properties Takes Dubai Luxury Real Estate to the World

Luxury real estate developer, DAMAC Properties is heading on a month-long global roadshow, to promote Dubai and highlight the strong business environment for overseas investment. Taking place on three continents, the campaign will highlight Dubai as a safe & secure city, with substantial...

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Business & Money | Monday 5 October, 2015 3:05 pm

Johnson Controls and Hitachi complete global air conditioning joint venture

 Johnson Controls, (NYSE: JCI), Hitachi, Ltd. (TSE: 6501) and Hitachi Appliances, Inc. today announced the companies have completed their global joint venture agreement and will immediately commence operations of Johnson Controls-Hitachi Air Conditioning to provide global customers with a ...

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Business & Money | Monday 5 October, 2015 2:52 pm

C.H. Robinson Expands Global Strategic Focus; Strengthens Management

To support an increasing need for transportation services between Europe and Asia, C.H. Robinson, one of the world’s largest logistics providers, has added two positions to its global forwarding team.  Oliver Volk has been appointed director of European development, Asia Global...

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Business & Money | Monday 5 October, 2015 9:32 am

Middle East Media Expert Dr Sulaiman Al-Hattlan Joins Sky News Arabia

Dr Sulaiman Al-Hattlan, a renowned media personality in the Middle East region, has joined the Sky News Arabia team, with effect from 1 October, 2015.   Commenting on his appointment, Nart Bouran, Head of Sky News Arabia, said: “We are confident Dr Sulaiman Al-Hattlan will prove an ...

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Business & Money | Monday 5 October, 2015 2:47 am

KidZania Celebrates Two Years of Partnership with MOE and Education Partners

KidZania Kuwait, the exciting kid-sized metropolis, has hosted a special event to pay tribute to its partners from Kuwait’s educational sector- the Ministry of Education and  the Department for Private and Public Education, along with various schools across...

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Business & Money | Monday 5 October, 2015 1:44 am

Kingdom, Russia set to promote strategic cooperation

Russia and Saudi Arabia plan to discuss bilateral cooperation during their Joint Commission meeting scheduled for the end of October, Russian Minister of Energy Alexander Novak said in a statement on Friday. Novak’s statement given to Russian reporters said both countries will discuss joint...

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Business & Money | Monday 5 October, 2015 1:02 am

A golden opportunity to win gold coins and gift vouchers at GITEX Shopper 2015

Shopping at GITEX Shopper is always rewarding, and this year the rewards are even greater thanks to the golden opportunities being offered to celebrate its 25th edition. Lucky visitors Jansmon Augustin and Oleksandr Golovanov are among the first of 25 lucky winners to walk away with a...

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