Business & Money | Wednesday 22 July, 2015 4:28 am

Montana Team Takes Home Both Top Prizes in $2 Million Wendy Schmidt Ocean Health XPRIZE

XPRIZE (www.xprize.org) and Wendy Schmidt last night announced the winners of the $2M Wendy Schmidt Ocean Health XPRIZE, a global competition to incentivize breakthroughs in pH sensor technology to accurately and affordably measure the acidification of our oceans, in a ceremony co-hosted by...

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Business & Money | Wednesday 22 July, 2015 4:25 am

Kerui Group Successfully Delivers Lateral Jetting Services in Trinidad and Tobago

Kerui Group, the world's second largest oil and gas player, which is capable of providing Lateral Jetting services, recently leveraged its unique technologies and extensive experiences to impress its client in Trinidad and Tobago, the challenges we met are the unconsolidated sandstones...

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Business & Money | Wednesday 22 July, 2015 4:23 am

Catastrophes losses hit USD46 billion but represent a 58% drop in the first half average

Global natural disaster losses during the first half of 2015, from both an economic and insured loss perspective, were each below the 10-year (2005-2014) average. Preliminary data determined that economic losses were USD46 billion, down 58 percent from the 10-year average of USD107...

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Business & Money | Wednesday 22 July, 2015 3:53 am

TP-LINK Middle East, Focuses on Channel Business Development in Egypt

TP-LINK Technologies Co Ltd, a leading provider of SOHO and SMB networking products and wireless solutions, has announced plans that will see the company roll out a comprehensive programme focusing on developing its channel business in in Egypt.  According to the vendor that supplies...

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Business & Money | Wednesday 22 July, 2015 3:45 am

Snapchat use: KSA tops Arab countries

Saudi Arabia was ranked second globally and first among Arab countries for using Snapchat, while the United Arab Emirates came in sixth, according to a survey conducted on the leading markets of chat programs.  Snapchat’s base in the Kingdom is growing fast, and the majority of...

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Business & Money | Wednesday 22 July, 2015 2:28 am

Oman Insurance Company launches the First Roadside Assistance Mobile App

Oman Insurance Company (OIC) has launched AssistPal, a unique mobile application dedicated to roadside assistance for its motor insurance customers. This first of its kind App in the UAE makes requesting assistance faster and convenient when drivers are victim of a car breakdown. The free...

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Business & Money | Wednesday 22 July, 2015 1:07 am

H.E. the Prime Minister endorses MEED’s Qatar Transport Forum 2015

Under the esteemed patronage of H.E. Sheikh Abdullah bin Nasser Al Thani, Prime Minister and Minister of Interior, the Ministry of Transport will host the Qatar Transport Forum 2015 at Sheraton Doha on 15-16 September 2015. The forum will highlight plans, initiatives and projects such...

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Business & Money | Wednesday 22 July, 2015 12:59 am

Oliver Wyman Report Quantifies the Impact of Delivering Excellence on Corporate Banking Return on Equity

Financial burdens from new regulation and digitalization are widely considered to be the biggest threats to banking business models. According to a new Oliver Wyman report, Delivering Excellence in Corporate Banking, the corporate banking segment currently faces a lower level of...

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Business & Money | Tuesday 21 July, 2015 6:00 am

Umrah revenue touches SR12 billion

With the number of pilgrims coming for Umrah increasing annually, economists are estimating the Umrah season revenue for this year may reach SR12 billion. The reasons for the numbers rising are manifold, including increased economic power of Muslims, easy and direct flights globally and the top...

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Business & Money | Tuesday 21 July, 2015 2:45 am

Hamriyah-based Quality International ships huge MED evaporators to Kuwait

With the shipment of the 3rd Multi Effect Distillation (MED) Evaporator to Kuwait, Hamriyah Free Zone-based Quality International has successfully crossed the half-way mark in the execution of its prestigious order from SIDEM, France for the construction & delivery of a...

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