Business & Money | Monday 1 July, 2019 3:17 pm

Al Tamimi & Company reinforces regional footprint with promotion of eight lawyers to the partnership

Al Tamimi & Company, the largest law firm in the Middle East, has announced the promotion of eight new partners. This latest development takes the total number of partners at the firm to 76.   Dr. Ahmed Basrawi (Litigation, Jeddah), Ali Bachrouch (Corporate Structuring, Sharjah),...

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Business & Money | Monday 1 July, 2019 3:06 pm

UNHCR and Twitter launch global campaign #KnitForRefugees

UNHCR, The UN Refugee Agency has partnered with Twitter and Kniterate to launch a global five-month campaign today to proactively and collectively shed light on winter as an important issue facing Syrian and Iraqi internally displaced persons (IDPs) and refugees in the MENA...

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Business & Money | Monday 1 July, 2019 2:08 pm

Summer vibes take over Al Wahda Mall

The vibrant sunflower farm summer theme installation at Al Wahda Mall Abu Dhabi is drawing UAE residents to the Capital to take in the colourful ambience while shopping, having world class dining experiences and enjoying various entertainment options across the mall’s 400...

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Business & Money | Monday 1 July, 2019 2:00 pm

Oil Jumps Over 2% as Saudi Arabia, Russia Back Supply Cuts

Oil prices rose more than $1 a barrel on Monday, with OPEC and its allies on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week. Front-month Brent crude futures , for September, touched an intraday high of $66.63 a barrel and were up $1.72, or 2.7%,...

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Business & Money | Monday 1 July, 2019 1:00 pm

Jawazat starts issuing e-permits for entry to Makkah

The Directorate General of Passports (Jawazat) has started receiving applications from expats for electronic permits to enter Makkah. Applications have to be submitted through Muqeem portal at https://portal.elm.sa An applicant must fill in information and submit the required documents to...

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Business & Money | Monday 1 July, 2019 11:46 am

GDP grows 2 per cent during first quarter of 2019

The Kingdom’s GDP witnessed 2 per cent growth during the first quarter of 2019, compared with same period of 2018, the Jordan News Agency, Petra, reported.   Meanwhile, the GDP witnessed 1.9 per cent growth during the entirety of 2018 when compared with...

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Business & Money | Monday 1 July, 2019 11:20 am

‘noon.com is YOUR company’ Mohamed Alabbar speaks at noon.com’s first seller event in Riyadh

noon.com, the home-grown digital marketplace, held an event to celebrate its sellers in Riyadh, KSA, recently. The e-commerce platform is helping transform the businesses of small and medium local companies, enabling sellers in Saudi to deliver across the Kingdom, giving them the tools they need to ...

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Business & Money | Monday 1 July, 2019 11:16 am

Moody's: Jordanian public debt on the road to gradual decline

Moody's said Jordan's stable credit rating (B1) would become more flexible with the resumption of financial consolidation this year and proposed structural reforms.   The resumption of fiscal consolidation is expected to put Jordan's public debt ratio on the path of gradual...

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Business & Money | Monday 1 July, 2019 11:00 am

Saudi Port Handles 500K Containers by Remote Control

The regional executive director of international port operator Hutchison Ports, Andy Tsoi, was in Saudi Arabia on Saturday to discuss his company’s joint-venture partnership with the Maritime Company for Navigation (MACNA), International Ports Services — the largest concession at the...

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Business & Money | Monday 1 July, 2019 10:00 am

Liberty completes the acquisition of European steel assets ArcelorMittal in a deal that will cut 740 million euros

Liberty Steel, part of Sanjeev Gupta’s global GFG Alliance, today completed the acquisition of seven major steelworks and five service centres across seven European countries from ArcelorMittal.  The €740 million deal makes Liberty Steel one of the top ten producers...

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