Business & Money | Tuesday 26 January, 2016 3:09 pm

WCU: Selling fatigue and Draghi save the day for oil

Crude oil touched a new multi-year low at the beginning the week as it was weighed down by the removal of the Iran sanctions and the "drowning in oil" comment from the IEA. The bounce – when it came courtesy of European Central Bank chief Mario Draghi's continued focus on...

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Business & Money | Tuesday 26 January, 2016 2:21 pm

Ericsson appoints new heads of customer units within region Middle East & east Africa

Ericsson (NASDAQ:ERIC) has appointed three new Heads of Customer Units in Region Middle East and East Africa to further strengthen market position and accelerate transformation and growth. As members of Ericsson’s Leadership Team within Region Middle East and East Africa, the new Heads of...

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Business & Money | Tuesday 26 January, 2016 4:44 am

Saudi economy grows 5% despite oil price fall

The Kingdom’s drive to diversify its economy would offset the fall in oil prices, said Khalid Al-Falih, Saudi Aramco’s chairman, Monday. Speaking during a panel discussion at the 9th Global Competitiveness Forum which started in Riyadh on Sunday, Al-Falih said: “Despite the...

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Business & Money | Tuesday 26 January, 2016 2:45 am

Badr projects worth SR219m launched

Madinah Gov. Prince Faisal bin Salman launched a number of developmental projects and services worth over SR219 million in the historic city of Badr.  He met the people of Badr and highlighted the historic and importance of the city for tourism. He talked about strengthening tourism programs...

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Business & Money | Monday 25 January, 2016 3:50 pm

Ninth Global Competitiveness Forum opens in Riyadh

The ninth annual Global Competitiveness Forum opened last night at a ceremony attended by government dignitaries, business experts and leading academics from Saudi Arabia and abroad. In his opening remarks, HE Abdullatif Al-Othman, the Governor and Chairman of the Saudi Arabia General Investment ...

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Business & Money | Monday 25 January, 2016 3:47 pm

"Alwaleef Group" acquires "Mabkharat Al Emarat Co."

"Al Waleef Group" acquired “Mabkhara Al Emarat Co.", a highly renowned and deeply rooted company specialized for more than 13 years in selling incense, perfumery products and oriental accessories in Saudi Arabia. On this occasion, Mr. Abduljabbar Al-Bu Khuder, General...

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Business & Money | Monday 25 January, 2016 2:53 pm

“Taqeem” to take part in Jeddah Exhibition for Real Estate and Housing next month

Among its permanent presence in the official and public awareness forums, the Saudi Authority for Accredited Valuers “Taqeem” participates in Jeddah Exhibition for Real Estate, Housing and Constructional Development (Restatex Exhibition Jeddah 2016), which will be held in Jeddah...

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Business & Money | Monday 25 January, 2016 1:11 pm

SEDCO Holding Group Addresses Youth Financial Inclusion

Hosted by Operation HOPE in January in Atlanta (Georgia, USA), the 2016 Hope Global Forums Annual Meeting convened to Reimagine the Global Economy with a focus on ‘Inclusive Economics’. Setting forth a goal to outline a solid vision for today’s global economy, the meeting...

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Business & Money | Monday 25 January, 2016 1:08 pm

Guillermo Ossés joins Man GLG as Head of Emerging Market Debt Strategies

Man GLG, the discretionary investment management business of Man Group plc, one of the world’s largest independent alternative investment managers, announces that Guillermo Ossés has joined the firm as Head of Emerging Market Debt Strategies, based in New York.   In the...

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Business & Money | Monday 25 January, 2016 7:29 am

Sinopec to set up technology center in DTV Science Park

China Petroleum and Chemical Corporation (Sinopec) signed an agreement with Dhahran Techno Valley Company (DTVC) to establish a state-of-the-art center for technology and innovation in DTV Science Park. The signing and groundbreaking ceremony was held on Jan. 21, on the sidelines of a visit by a...

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