Business & Money | Wednesday 29 March, 2017 9:54 am

No-claims clients to get discounts on motor insurance

As per the instructions of the Saudi Arabian Monetary Authority (SAMA), automobile insurance companies in the Kingdom are obliged to give customers with no claims against their policies in the past discounts of up to 30 percent when buying new policies or renewing existing ones from April...

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Business & Money | Wednesday 29 March, 2017 9:25 am

ZonesCorp Unveils Plans for new Abu Dhabi auto hub called ‘Rahayel City’

Today, ZonesCorp unveiled plans for the development of ‘Rahayel City’, a new, world class, integrated ‘Auto Hub’ in Abu Dhabi. This major development, which was unveiled today at the Global Manufacturing and Industrialisation Summit (GMIS), comes in response to a mandate by...

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Business & Money | Wednesday 29 March, 2017 6:50 am

Annual Investment Meeting 2017 to focus on government’s role in attracting investments and facilitating entrepreneurship and innovation

According to the 2016 Global Investment Report published by UNCTAD, the United Arab Emirates is the 9th largest Foreign Direct Investment (FDI) recipient in Asia. Its main investors are the UK, Japan and Hong Kong. The UAE government plays a strategic role in attracting foreign investments and...

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Business & Money | Wednesday 29 March, 2017 6:00 am

80% of Professionals in the Middle East Find It Easier to Communicate with Employers via Online Job Sites

A new poll by Bayt.com, the Middle East’s #1 job site, entitled ‘Communication at Work in the Middle East,’ revealed that almost all respondents (91.4%) from the Middle East prefer having a job where they can communicate “freely and frequently.” For respondents who are ...

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Business & Money | Wednesday 29 March, 2017 5:43 am

Pearl Initiative to Collaborate with Cambridge Judge Business School to Offer Executive Education Programme in Riyadh

The Pearl Initiative, a leading Gulf business-led non-profit organisation promoting a corporate culture of accountability and transparency as a key driver of competitiveness across the region, will launch a prestigious executive education programme in collaboration with Cambridge Judge Business...

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Business & Money | Wednesday 29 March, 2017 1:28 am

JPd shortlisted for five Transform Awards MENA

JPd, UAE’s home-grown boutique branding and communications agency in Dubai is proud to announce that they have been shortlisted for five strategic branding and design awards at this year’s Transform Awards MENA.  The awards honour brand development and rebranding projects ...

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Business & Money | Tuesday 28 March, 2017 10:00 pm

Emirates Standardization and Metrology Authority Awards McDonald’s UAE Esteemed Halal National Mark

The Emirates Standardization and Metrology Authority (ESMA) today awarded McDonald’s UAE the Halal National Mark, recognizing the company’s continuous commitment towards Halal services.   ESMA has worked closely with the Stakeholders to set the requirements for...

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Business & Money | Tuesday 28 March, 2017 4:09 pm

Virgin Mobile Grants Consumers the Ability to Trade in Old and Broken Devices with the Latest Phones

  Through its continuous efforts to serve the Saudi society by preserving the environment and safely disposing of electronic devices, Virgin Mobile Saudi Arabia announces the ability for those wishing to buy the latest smart phones and electronic devices to trade in their used or broken...

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Business & Money | Tuesday 28 March, 2017 9:06 am

Makkah Gov. Prince Khaled inaugurates, reviews development projects

Following his annual tour of the coastal cities of Qunfudah and Ardiyat on Sunday, Makkah Gov. Prince Khaled Al-Faisal said the total cost of completed and ongoing projects in the area are estimated at more than SR3.8 billion ($1.01 billion). Qunfudah projects cost SR1.6 billion, Ardiyat projects...

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Business & Money | Tuesday 28 March, 2017 8:57 am

New tax regime to boost Aramco IPO value

Saudi Arabia approved Monday a new tax regime for oil and natural gas producers in the Kingdom, which will boost Saudi Aramco’s valuation as it plans to sell shares in its initial public offering (IPO) next year. Under the new regime, hydrocarbon companies in Saudi Arabia will be taxed...

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