Business & Money | Sunday 3 May, 2015 12:59 am

New ‘Damas Collections’ Store Adds Sparkle to Nakheel Saudi Arabia

Damas, the Middle East's leading jewellery and watch retailer, celebrates the opening of its new Damas Collections store in Nakheel, Saudi Arabia. The store’s design reflects the brand’s new global strategy and direction, offering discerning jewellery enthusiasts in the country a range of...

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Business & Money | Sunday 3 May, 2015 12:57 am

KPMG Al Fozan & Al Sadhan to host a breakfast session on International Financial Reporting Standards 9

The International Accounting Standards Board (IASB) completed the final element of IFRS 9 Financial Instruments in July 2014 and the new Standard will come into effect on 1st of January 2018 with early application permitted.With the effective date of IFRS 9 approaching, KPMG Saudi Arabiais hosting...

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Business & Money | Sunday 3 May, 2015 12:19 am

Qatar Rail Hosts Industry Awareness Day for the Private Sector

Under the patronage of His Excellency Sheikh Abdullah bin Nasser Al Thani, Prime Minister and Minister of Interior, Qatar Railways Company (Qatar Rail), the company overseeing the construction of the Qatar’s integrated railway network, is hosting an industry awareness day on May 7th to meet with...

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Business & Money | Saturday 2 May, 2015 2:14 pm

DAMAC Properties Launches Nova Hotel Villa Concept at ATM

An Exciting New Experience in Luxury Hospitality within AKOYA Oxygen Goes on SaleDAMAC Properties has launched its first hotel villa concept within the aspirational AKOYA Oxygen community in Dubai.The luxury real estate developer has made its Nova Hotel Villas available at a starting price of just...

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Business & Money | Saturday 2 May, 2015 12:33 pm

(MAMEE TGU) LAID THE FOUNDATION STONE FOR THEIR SNACK FOODS FACTORY

Supporting its role as a hub for international investments and facilitating local production of the Kingdom’s food needs, the Mamee TGU Factory Co. (MAMEE TGU), which is a joint venture between Mamee-Double Decker (M) Sendirian Berhad (MAMEE) and Top Golden Universe (TGU), has laid the foundation ...

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Business & Money | Saturday 2 May, 2015 12:20 pm

Saudi Aramco to be restructured

The Kingdom has approved the restructuring of Saudi Aramco, a move that will see it separated from the Petroleum Ministry.The Kingdom’s Supreme Economic Council approved the restructuring plan that had been proposed by Deputy Crown Prince Mohammed bin Salman, second deputy prime minister and...

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Business & Money | Saturday 2 May, 2015 2:13 am

DMS appointed Exclusive Ad Sales Representatives for Mawdoo3.com –

The Arab world’s first comprehensive online Arabic encyclopedia April 29,2015 (ME NewsWire) - The digital arm of Choueiri Group “Digital Media Services (DMS)” recently announced the latest addition to its portfolio of leading regional online offerings, by confirming its appointment as the...

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Business & Money | Friday 1 May, 2015 10:30 pm

KARL LAGERFELD TO OPEN CONCEPT STORE IN DOHA, QATAR

KARL LAGERFELD is pleased to announce the opening of its concept store in Doha, Qatar, on December 21, 2014. Located in the Lagoona Mall, it is the brand’s first store in the Middle East and its latest addition to a growing retail network worldwide.The DNA of the KARL LAGERFELD portfolio is...

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Business & Money | Friday 1 May, 2015 11:43 am

SR1.6 billion titanium sponge factory on way

The Royal Commission in Yanbu (RCY) has signed a lease for an industrial land to establish a factory for titanium sponge production with an estimated cost of SR1.6 billion.The contract was signed by Alaa bin Abdullah Nassif, CEO of the Royal Commission in Yanbu, with the Advanced Metal Industries...

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Business & Money | Friday 1 May, 2015 11:41 am

SAMA ‘will welcome insurance mergers’

Saudi Arabian Monetary Agency (SAMA) would welcome mergers among local insurance companies as long as they were positive for all parties, said Governor Fahad Al-Mubarak.A number of Saudi insurance firms have been loss-making for years because of severe competition in the market, where large...

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