Business & Money | Tuesday 10 March, 2015 11:13 am

Investcorp portfolio company L’azurde announces dividend of $16.7 million

Investcorp, the asset management firm specialising in alternative investments, today announced that its portfolio company L’azurde, one of the world’s top five gold jewellery manufacturers, has distributed $16.7 million in dividends to its shareholders, following a strong performance in...

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Business & Money | Tuesday 10 March, 2015 10:43 am

France will be attending CABSAT in Dubai in March 2015

This year, Business France is proud to present 20 innovative companies on the French Pavilion. The audiovisual sector in France is mainly driven by the development of digital technology that has led to radical changes both in industry and in the services development. The major event of recent...

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Business & Money | Tuesday 10 March, 2015 10:28 am

Bayt.com Named Among Top 10 Best Places to Work in Asia

Bayt.com, the Middle East’s leading career site, has been named among the top 10 Best Small and Medium Workplaces in Asia, in the prestigious 2015 Best Workplaces in Asia awards that were announced this month. The ranking follows Bayt.com’s top-10 ranking in the Top Places to Work in the UAE...

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Business & Money | Tuesday 10 March, 2015 10:22 am

McDonald’s and MasterCard Announce Three-Year Strategic Collaboration

MasterCard and McDonald’s today announced a strategic collaboration to introduce innovative electronic payment solutions at McDonald’s restaurants in Saudi Arabia and across other key markets in the Middle East and Africa. The announcement, which highlights the iconic quick-service brand’s...

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Business & Money | Tuesday 10 March, 2015 7:29 am

Transport, telecom services reviewed

The Council of Economic and Development Affairs held a meeting in Riyadh on Monday under the chairmanship of Defense Minister Prince Mohammed bin Salman, chief of the Royal Court, and discussed matters related to transport, telecom services and other development projects.The meeting heard a...

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Business & Money | Tuesday 10 March, 2015 6:41 am

Eight-year limit on expats’ stay to be implemented in stages

The Labor Ministry has denied a report that it plans to limit the stay of foreign workers to eight years, but a ministry source on Monday insisted that the proposal is being studied and would be implemented. The source was quoted in a local publication as saying that the implementation would be...

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Business & Money | Tuesday 10 March, 2015 12:21 am

Jeddah Deputy Mayor Officially Inaugurates The Big 5 Saudi

Jeddah Municipality Deputy Mayor, Eng. Abdullah Mohammed Al-Qarni last night officially inaugurated The Big 5 Saudi – international building and construction show, which celebrates its 5th anniversary this year. The event runs every day from 4:00 -10:00pm at Jeddah Centre for Forums and Events...

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Business & Money | Monday 9 March, 2015 3:32 pm

NADEC Inaugurates New Food & Beverage R&D Innovation Center

NADEC Foods, one of the leading food, dairy and beverage companies in the Middle East and North Africa (MENA), today announced the inauguration of its new Research and Development (R&D) Innovation Center in Haradh City, Saudi Arabia. The state-of-the-art center will serve as a hub for the...

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Business & Money | Monday 9 March, 2015 12:48 pm

SABIC to produce new innovative polymer range

SABIC commercially launched a new range of non-phthalate polymer products developed at its technology center in Riyadh to fulfill customer demands for advanced solutions in various segments such as hygiene fabrics, and flexible packaging. In light of the changing market requirements, customers the...

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Business & Money | Monday 9 March, 2015 12:30 pm

Good performance in a challenging environment

2014 was a successful year for Henkel. In a challenging and very competitive market environment we achieved our financial targets and made very good progress in implementing our strategy 2016,” said Henkel CEO Kasper Rorsted. “All three business units contributed with profitable organic growth...

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