Business & Money | Sunday 15 October, 2017 5:13 am

Najm to hire more female employees to serve women motorists

Najm for Insurance Services has announced that it will employ more Saudi women to deal with car accidents involving women drivers when they hit the road next June, according to Makkah daily. The company said the move was within the implementation of a royal order to issue driving licenses for...

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Business & Money | Sunday 15 October, 2017 5:03 am

IMF advises KSA to ease austerity measures

Saudi Finance Minister Mohammed Al-Jadaan revealed that the Kingdom may incrementally decrease its energy subsidies, and will take longer to achieve a balanced budget, since it is seeking to mitigate the impact of its drive to achieve public finance reform.   In an interview on...

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Business & Money | Sunday 15 October, 2017 4:08 am

MEFIC Private Equity F&B Opportunities Fund acquires a stake in Sultan Delight Burger

MEFIC Capital, in its capacity as fund manager of MEFIC Private Equity Food & Beverage Opportunities Fund (the “Fund”), has successfully completed an investment in Ghatha’a Al Sultan For Fast Foods Company, a leading quick service restaurants (QSR) chain in the Western &...

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Business & Money | Sunday 15 October, 2017 1:47 am

DPM Develops Automated Planning System For Abu Dhabi Government

 The Abu Dhabi Department of Urban Planning and Municipalities (DPM) is leading a project to develop a Capital Investment Planning System that will automate processes and bring together all government capital projects across the emirate.   The Capital Investment Planning System...

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Business & Money | Saturday 14 October, 2017 2:41 pm

No tax on Saudi investments in Abu Dhabi

The Abu Dhabi government has announced a package of incentives for Saudi investors including exemption from taxes, and that they will be treated as its citizens for all investment purposes. The announcement was made at the Saudi-UAE Business Forum held in Abu Dhabi on Wednesday. The forum held...

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Business & Money | Saturday 14 October, 2017 2:37 pm

‘Desert to Delta’ exhibition showcases Saudi contemporary art in Memphis

The “Desert to Delta” exhibition kicked off at the art museum of the University of Memphis, US, as part of the “Jusoor” or “Bridges” initiative launched by the King Abdul Aziz Center for World Culture. The initiative aims to empower young Saudi talents in...

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Business & Money | Saturday 14 October, 2017 3:43 am

Derayah Financial, Mayar Capital sign agreement on global equity portfolio management

The Riyadh-based Derayah Financial, a company licensed by the Capital Market Authority (CMA), has signed an agreement with Mayar Capital, a leading global portfolio management company based in London, for the distribution of a global product on equity portfolio management.   Derayah...

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Business & Money | Friday 13 October, 2017 2:26 am

Marka Announces Results of General Assembly Meeting

Marka PJSC (DFM: MARKA), the first retail-focused company listed on the Dubai Financial Market, announced today the results of its General Assembly Meeting held in Dubai on 11th October 2017.   At the meeting, Marka Shareholders approved the company’s continuity of...

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Business & Money | Friday 13 October, 2017 1:11 am

Reign Holdings unveils US$ 1 billion investment plans, says Samir Salya

Reign Holdings, Dubai-based global business conglomerate, has announced its plans to invest up to US Dollars 1 billion in the region’s real estate sector. Arthur & Hardman, the development arm of the global business conglomerate, will focus on developing fully integrated world-class...

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Business & Money | Thursday 12 October, 2017 3:53 pm

Hawkamah inks partnership with Saudi Governance Centre

Hawkamah, the Institute for Corporate Governance, signed an MOU with the Saudi Governance Centre at the Emirates Palace in Abu Dhabi. The event took place during the UAE–Saudi Business Forum that aims to bring leaders, government employees and decision makers together in order to increase...

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