Business & Money | Monday 16 October, 2017 1:42 am

New interactive PAYFORT State of Payments 2017

PAYFORT, an Amazon company, has announced its fourth “State of Payments in the Arab World” report in a new interactive format, offering up-to-date data and analysis on the region’s payment trends and consumer buying habits. Based on the study of seven key countries for the...

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Business & Money | Monday 16 October, 2017 12:45 am

Crown Prince of Sharjah inaugurates GCC Labour Market Conference

His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, on Sunday attended the opening of the 5th GCC HR and Labour Market Executive Conference held under the theme: “Gulf human capital, a promising wealth”.   The two-day...

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Business & Money | Sunday 15 October, 2017 11:40 am

Yahsat Awards Winners at Gitex Student Lab Competition 2017

Yahsat, the UAE-based satellite operator, and Dubai World Trade Centre (DWTC), hosted the Student Lab award ceremony held on the 12th October at GITEX, to announce the top three winners. The first prize winner, announced on Thursday by Muna Almheiri, Yahsat’s Chief Human...

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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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