Business & Money | Monday 25 December, 2017 2:00 pm

MITEF Saudi Startup Competition Draws More than 2,500 Entries

MIT Enterprise Forum Saudi Arabia’s annual Startup competition has attracted 2,536 entries for 2018 – up 14 percent on the previous year.   Under the theme ‘‘Create your tomorrow’’, the competition has three categories – ideas, startup, and...

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Business & Money | Monday 25 December, 2017 12:39 pm

Najm showcases its latest traffic safety technology at the Fourth Traffic Safety Forum and Exhibition

Najm Company for Insurance Services participated in the fourth Traffic Safety Forum and Exhibition, organized by the Saudi Traffic Safety Society (SALAMH). The exhibition, themed “The Role of Smart Technologies in Enhancing Traffic Safety”, was held in Dammam from the 11th till the 13th ...

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Business & Money | Monday 25 December, 2017 12:32 pm

Saudi Ministry of Finance issues local bonds in Riyadh

Saudi Ministry of Finance announced the completion of receiving additional investors’ requests for issuance of local sukuk by re-opening its fourth IPO for the second time under Saudi Government local currency sukuk program. The last initial public offering (IPO) was made in October. The ...

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Business & Money | Monday 25 December, 2017 12:22 pm

Emirati boat manufacturer Al Marakeb announces launch of UAE and Middle East’s first locally made dual-use USV model

Al Marakeb Boat Manufacturing Company, a leading UAE based maritime company building high-performance Glass Reinforced Plastic (GRP) and marine autonomous vessels, has revealed the launch of its latest offering, the B7X. The new model, which can be utilized for both manned and unmanned operations,...

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Business & Money | Monday 25 December, 2017 11:34 am

Fines await Saudi businesses late in filing for VAT

Any institutions with an annual revenue exceeding SR1 million ($266,666) that fail to register at the VAT system before the deadline will face a fine of SR10,000, the General Authority of Zakat and Tax (GAZT) has announced. The GAZT urged institutions that have not registered yet to do so...

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Business & Money | Monday 25 December, 2017 1:14 am

Costa Rica closes a year of commercial and diplomatic achievements in the UAE.

PROCOMER Costa Rica, hosted its end of the year conference titled “Costa Rica: 2017 Achievements, 2018 Prospects” on 19th December in Dubai. The event was attended by food industry leaders and Expo 2020 officials to celebrate a year of diplomatic successes including the official...

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Business & Money | Monday 25 December, 2017 1:11 am

Nissan earns top rating among global businesses
on water management

Nissan earned a top rating in the 2017 Global Water Report issued by CDP, marking the first time the company has made the report’s “A list” of businesses recognized for their water stewardship.   The company also achieved a Leadership-level ranking in CDP’s...

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Business & Money | Sunday 24 December, 2017 3:35 pm

Riyad Bank becomes first Saudi Arabian bank to introduce Mastercard Digital Enablement Service

Riyad Bank, one of the largest financial institutions in Saudi Arabia, announced the launch of the Mastercard Digital Enablement Service (MDES), becoming the first local bank to offer the new global digital payment service in the Kingdom. The Mastercard Digital Enablement Service (MDES) is a...

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Business & Money | Sunday 24 December, 2017 2:45 pm

Dubai-Japan trade stands at AED 31 billion in 9 months of 2017

Ahmed Mahboob Musabih, Director of Dubai Customs, received Japan’s Consul-General in Dubai Akima Umezawa, where they discussed reinforcing mutual cooperation to enhance trade and customs ties between the United Arab Emirates and Japan.   Welcoming the Consul-General of Japan, Ahmed ...

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Business & Money | Sunday 24 December, 2017 2:40 pm

Cooper Fitch Salary Guides, UAE and KSA 2018

Welcome to Cooper Fitch's Salary Guides for 2018, United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA). These guides cover professional mid to senior jobs across both regions with individual reports. Cooper Fitch is a recruitment firm based in ...

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