Business & Money | Sunday 21 August, 2016 11:39 am

Solid Lenovo 1ST Quarter FY16-17 in Face of Industry & Currency Headwinds

 Lenovo Group (HKSE: 992) (ADR: LNVGY) announced results for its first fiscal quarter ended June 30, 2016. Quarterly revenue was US$10.1 billion, a six percent decrease year-over-year (or four percent decrease in constant currency). Quarter-to-quarter, this represented a 10...

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Business & Money | Sunday 21 August, 2016 11:06 am

Haramain Train project’s life span to be 120 years

The expected lifespan of the Haramain Train project is 120 years, says the director general of the project, Bassam Ghalman. The project, which began in 2009, is near completion after finalization of work at the Jeddah and Madinah stations. Work on the Makkah station was stalled for seven months...

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Business & Money | Sunday 21 August, 2016 10:27 am

Dubai Wholesale City to Boost Cooperation with Potential Spanish Business Partners

In line with its mandate to boost Dubai’s credentials as a wholesale hub of choice and as part of ongoing efforts to strengthen cooperation with partners and stakeholders from the private and public sector within and outside the UAE, Dubai Wholesale City (DWSC) welcomed a delegation from the...

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Business & Money | Sunday 21 August, 2016 9:50 am

ManageEngine Enters 2016 Gartner Magic Quadrant for SIEM as the Only New Entrant

ManageEngine, the real-time IT management company, today announced that it has been positioned by Gartner, Inc. for its log management and SIEM solution, Log360, in the 2016 Gartner Magic Quadrant for Security Information and Event Management. The company is the only new addition to the Gartner...

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Business & Money | Sunday 21 August, 2016 9:43 am

Ashridge’s Accelerated Leadership Program plays a key role in the success of Saudization

As more companies embrace Saudization, they are also concerned that young Saudis are being moved up the organization at such a rapid pace that they may end up taking on senior roles before developing the business acumen and necessary leadership competencies.   According to Alex Davda,...

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Business & Money | Sunday 21 August, 2016 7:44 am

Arabia CSR Forum is the Most Premier Sustainability Platform in the Region

The challenge of advancing and innovating towards a better livelihood while shielding the earth's natural resources has confronted governments, policy makers, environmentalists, corporates and communities for years. Though an inclusive global agenda is in place, namely the United Nations...

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Business & Money | Sunday 21 August, 2016 7:34 am

BYOD Could Mean ‘Bring Your Own Disaster’ if Organizations in Saudi Don’t Plan for Security Risks

Author: Ammar Enaya, Regional Director, HPE Aruba, Middle East & Turkey   As adoption of wearables becomes more mainstream in Saudi, it brings added complexity to BYOD in an enterprise. One of the more interesting features of wearable tech is its ability to tether to, and control,...

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Business & Money | Sunday 21 August, 2016 7:16 am

DP World leads the future of global transportation industry

DP World’s announcement of launching a feasibility study to explore the possibility of using high-speed transport technology - Hyperloop - to move containers from Jebel Ali Port to an inland storage depot had a strong echo in the media and have been widely applauded. The announcement concurs...

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Business & Money | Saturday 20 August, 2016 4:44 am

Saudia to hire 100% Saudi pilots by 2020

Saudi Arabian Airlines (Saudia) is optimistic about reaching its goal of 200 aircraft by the year 2020 and aims to have 100 percent Saudi pilots, Saleh bin Nasser Al-Jasser, director general of the airline, said Friday. Addressing a press conference upon his return to Jeddah after taking the...

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Business & Money | Friday 19 August, 2016 6:23 am

Petchems support Tadawul index

Gulf stock markets were narrowly mixed in quiet trade on Thursday as petrochemical shares supported Saudi Arabia’s Tadawul All-Share Index (TASI) but Qatar pulled back after a surge this week due to hopes for inflows of foreign funds. The value of traded shares reached SR2.88 billion. TASI...

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