Business & Money | Thursday 1 December, 2016 9:46 am

King allocates SR100b from reserves to PIF

Custodian of the Two Holy Mosques King Salman on Wednesday approved the allocation of SR100 billion ($26.67 billion) from the Kingdom’s reserves to the Public Investment Fund (PIF), according to a statement carried by Saudi Press Agency. The funds will be used to support both foreign and...

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Business & Money | Thursday 1 December, 2016 9:08 am

The Coca-Cola Company and National Beverage Company Expand Investment

The Coca-Cola Company and National Beverage Company (NBC) officially inaugurated a new Coca-Cola bottling facility located in Gaza, which represents a US$20 million investment in the region. The new bottling facility further expands National Beverage Company’s Palestinian operations to...

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Business & Money | Thursday 1 December, 2016 9:01 am

Averda Expands its Service Portfolio in the Sultanate of Oman

Until recently, Averda was known to the Omani waste management market as the operator of the Al Multaqa and Liwa Medical Waste Treatment Plants, collecting and treating in excess of 4000 tons of hazardous medical waste per year.   Now Averda has expanded its waste management services in...

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Sports | Thursday 1 December, 2016 8:40 am

Designed to Inspire Tomorrow’s Racing Drivers, Engineers and Designers – Ford’s Le Mans Victories in LEGO® Bricks

 It’s a gift 50 years in the making that could set your child on the path to becoming a racing legend. The iconic Ford GT40 and new Ford GT that won Le Mans 24 Hours in 1966 and 2016 are being brought to life in LEGO® bricks. The new LEGO Speed Champions set will include both cars ...

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Business & Money | Wednesday 30 November, 2016 12:33 pm

GE, Trade Bank of Iraq and Standard Chartered Bank sign financing MoU to accelerate power and infrastructure projects in Iraq

GE, Trade Bank of Iraq (TBI) and Standard Chartered Bank (SCB) have signed a financing MoU to accelerate the development of power and infrastructure projects in the country that will help meet the growing demand for power in Iraq.   The MoU also underlines the financial partnerships...

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Technology & IT | Wednesday 30 November, 2016 12:29 pm

Siemens at 5th International Gas Processing Symposium

Siemens participated in the 5th International Gas Processing Symposium, which was organized and hosted by the Gas Processing Center (GPC) at Qatar University College of Engineering (QU-CENG) and inaugurated by Qatar’s Minister of Energy and Industry, His Excellency Dr Mohammed bin Saleh Al...

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Business & Money | Wednesday 30 November, 2016 12:22 pm

PepsiCo Highlights the Importance of Collective Action on Sustainability as AMWAJ Forum Opens in Jordan

PepsiCo, the global food and beverage company, has called on all stakeholders to work together on common solutions for challenges and opportunities that face the region and the world as a high-level forum on sustainable development gets under way.   AMWAJ, meaning ‘waves’ in...

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Cars & Autos | Wednesday 30 November, 2016 11:46 am

Nissan Showcases Full Line-up at 30th Edition of Riyadh Motor Show

As car enthusiasts welcome the 30th edition of the Riyadh Motor Show, Nissan re-affirms its strong presence in the KSA market with a distinguished display of its full line-up of technology embracing vehicles. The Motor Show which takes place at the Riyadh International Convention and Exhibition...

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Business & Money | Wednesday 30 November, 2016 11:24 am

DarkMatter to Help Islamic Banking and Financial Institutions Better Manage their Cyber Risk

DarkMatter, an international cyber security firm headquartered in the UAE, announces its participation at the forthcoming World Islamic Banking Conference (WIBC) 2016, taking place between 5 - 7 December, 2016 at the ART Rotana Hotel, Amwaj Islands, Manama, Bahrain. DarkMatter is the ...

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Environment & Energy | Wednesday 30 November, 2016 11:20 am

AURAK Awarded for Best Green Campus in UAE

The American University of Ras Al Khaimah has been presented with the Best Green Campus award for 2016, receiving the prestigious accolade at an exclusive ceremony in Abu Dhabi. AURAK competed against 14 other major universities, all based in the UAE, for the award which was organized as part of ...

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