Business & Money | Sunday 12 June, 2016 1:13 pm

Sales of Hotel Apartments and Residential Units in AYKON City Development Exceed 800 Units

DAMAC Properties today announced that more than 800 units of serviced hotel and residential apartments in addition have been sold in its AYKON City development located on Sheikh Zayed road and overlooking Dubai Canal. The announcement follows successful sales events DAMAC organized in Dubai and Abu ...

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Business & Money | Sunday 12 June, 2016 12:53 pm

PR Pressure Conference: The PRessure Is On

Over 50 PR agencies and in-house PR departments came together to witness the first PR Pressure conference, which took place on Wednesday, 25 May 2016, at the Dusit Thani, Dubai. The event, organised by Secret PR, marks the first of an annual series of conferences that...

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Business & Money | Sunday 12 June, 2016 12:51 pm

E-commerce in the Middle East to Experience a Significant Surge during Ramadan, says SOUQ.com

According to SOUQ.com, a combination of reduced work hours and a celebratory atmosphere means that time spent online as well as consumer spending is higher during Ramadan.  To capitalize on consumers’ increased online consumption and gifting season in the Middle East, SOUQ.com is pleased ...

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Business & Money | Sunday 12 June, 2016 12:46 pm

Western Union Launches Global Ramadan Program "30 Days of Betters"

The Western Union Company, a leader in global payment services, today launched its "30 Days of Betters" program to reinforce the universal concepts of sharing and caring during the Islamic holy month of Ramadan. The program will run simultaneously in the United Arab...

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Business & Money | Sunday 12 June, 2016 12:11 pm

ASIA SQUARE TOWER 1 SOLD TO QATAR INVESTMENT AUTHORITY

Asia Square Tower 1 has been sold by a BlackRock-advised fund to the Qatar Investment Authority (QIA) at approximately S$3.4billion (US$2.45 billion).    CBRE and JLL are joint sole advisors for this transaction for a BlackRock-advised fund.   Rob Blain, Executive...

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Business & Money | Sunday 12 June, 2016 6:53 am

Dubai Investments wins glass contracts for tallest building, iconic projects in Pakistan

Dubai Investments PJSC, the leading, diversified investments conglomerate listed on the Dubai Financial Market, has announced that its subsidiary Emirates Glass LLC, one of the largest processors of flat architectural glass in the region and part of Glass LLC – the first glass holding company ...

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Business & Money | Sunday 12 June, 2016 4:43 am

Midas achieves new milestone with ME's largest furniture showroom in Riyadh

Midas Furniture has set yet another milestone in its journey of two decades by opening the largest ever furniture showroom in the Middle East, spanning 17000 sqm. The new showroom located in Riyadh's upmarket district of Al-Yasamine Boulevard on King Abdul Aziz Road, Exit...

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Business & Money | Sunday 12 June, 2016 4:16 am

KSA building houses, schools and hospitals in Pakistan

Saudi Arabia is building 1,900 housing units, 33 schools and 23 healthcare centers in Pakistan as part of a relief package for earthquake and flood victims in the country. Dr. Khaled Mohammed Al-Othmani, regional director of the Custodian of the Two Holy Mosques Campaign for the Relief of...

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Business & Money | Saturday 11 June, 2016 7:31 am

Saudi Aramco, GE to install first wind turbine in Saudi Arabia

Saudi Aramco and GE are partnering to install Saudi Arabia’s first Wind Turbine at the Turaif Bulk Plant, located in the north-west of the Kingdom. The initiative is in line with Saudi Vision 2030 as endorsed by the Saudi Cabinet that has set an initial target of generating 9.5 gigawatts...

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Business & Money | Saturday 11 June, 2016 5:19 am

KSA to sign deals with key US firms

Deputy Crown Prince Mohammed bin Salman will travel to the United States within the next few days to sign several agreements with American companies. This is according to Minister of Commerce and Investment Majid Al-Qassabi, who was speaking on Friday at another round of press conferences held ...

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