Business & Money | Wednesday 26 August, 2015 2:46 pm

Virgin Megastore Opens Largest Apple Shop in Saudi Arabia

Virgin Megastore, one of the world’s leading retail chain in electronics and entertainment, with 40 stores spread across eight countries in the Middle East, announced the opening of the biggest Apple Shop in Saudi Arabia on August 24th at its Red Sea Mall store in...

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Business & Money | Wednesday 26 August, 2015 1:52 pm

MELBOURNE ONLY CITY NAMED AS WORLD’S MOST LIVEABLE FOR FIVE YEARS

 Melbourne remains the only city in the world to have this week topped the Economist’s Intelligence Unit’s (EIU) Global Liveability Index for the fifth year in a row. The annual ranking looks at living conditions in 140 cities across the globe by assigning a rating across five...

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Business & Money | Wednesday 26 August, 2015 12:54 pm

EUROSTAR Launches Asianet Mobile TV App for the GCC Malayalees

EUROSTAR Group, the leading digital and consumer technology innovator in the Middle East, today announced the launch of Asianet Mobile TV Tablet and App for the GCC – a bouquet of twenty popular Malayalam television channels that could be watched and an entire range of Radio channels on your...

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Business & Money | Wednesday 26 August, 2015 12:00 pm

More Than 4,500 Chinese Dragons Set To Descend On Melbourne

The International Dragon Award (IDA) Annual Meeting, a prestigious international conference currently being hosted in Dubai, will be staged in Melbourne in August 2017, it was officially announced today. More than 4,500 Mandarin speaking insurance specialists chose Melbourne for their convention ...

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Business & Money | Wednesday 26 August, 2015 7:59 am

Pacific Controls Acquires Equity in WSO2 Positioning itself as a Global Leader in Delivering Managed Cloud Services

Pacific Control Systems (PCS), the world leader in Internet of Things (IoT) and machine-to-machine (M2M) solutions, announced that it has invested $20 million into WSO2, an open source cloud application development and middleware company. Further to this investment, Mr. Dilip Rahulan, Executive...

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Business & Money | Wednesday 26 August, 2015 7:46 am

PIAGET CELEBRATES POLO AT THE FOURTH ANNUAL PIAGET HAMPTONS CUP

Piaget returned to the Equuleus Polo Club for the fourth consecutive year as the presenting sponsor of the Piaget Hamptons Cup. Partnering with polo superstar Nacho Figueras and polo enthusiasts Joe and Diana DiMenna, the Maison hosted an exhibition match benefiting Robin Hood, one of New York...

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Business & Money | Wednesday 26 August, 2015 7:28 am

MICHELIN Pilot Sport Experience 2015 welcomes Middle East and Africa participants

Michelin, the world's tyre technology leader, hosted a thrilling yet professional car racing experience for brand loyalists across Middle East and Africa for the very first time, at the MICHELIN Pilot Sport Experience in Kuala Lumpur, Malaysia. Held at the prestigious Sepang...

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Business & Money | Wednesday 26 August, 2015 7:19 am

China cuts rates, reserve ratio after stocks plummet again

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. The moves came after Chinese stocks...

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Business & Money | Wednesday 26 August, 2015 7:15 am

TASI surges; dollar peg ‘serves economy well’

The Saudi riyal will remain pegged to the US dollar as it has served the economy well, said the Saudi Arabian Monetary Agency (SAMA) on Tuesday. “The Kingdom is committed to keeping the riyal pegged to the dollar,” Ahmed Abdulkarim Alkholifey, deputy governor for research and...

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Business & Money | Wednesday 26 August, 2015 7:14 am

Forum highlights ills of drug addiction

The National Committee for Combating Drugs has launched an introductory forum on Monday, showcasing its projects and programs in Jeddah. The forum was organized in cooperation with the General Directorate of Narcotics Control (GDNC) and conducted under the auspices of Makkah Gov. Prince Khaled...

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