Business & Money | Thursday 11 February, 2016 12:20 pm

DAMAC Properties net profit grew 30% to AED 4.51 billion (US$1.23 billion) for full year 2015

DAMAC Properties Dubai Co PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading developer of high-end property in the Middle East, announces results for year ended 31 December 2015.    Financial Highlights   During full year 2015, DAMAC recorded...

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Business & Money | Thursday 11 February, 2016 7:56 am

MENA Women in Finance Award Launched at Diversity Event

A new Middle East & North Africa (MENA) ‘Women in Finance’ award has been launched at an event in Dubai which looked at how businesses can encourage greater diversity and benefit in the process.   The award initiative was announced by event host ACCA (the Association of...

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Business & Money | Thursday 11 February, 2016 7:52 am

OSN marks region’s first all-transaction window buyout deal with Gulf Film for exclusive access to its premium content

Movie-lovers can now have the best of both worlds as OSN, the region’s leading pay-TV network, and Gulf Film, a distributor of major studio productions and independent movies, have signed a six-year exclusive partnership through 2021 for premium film content.   Marking a regional...

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Culture & Education | Thursday 11 February, 2016 7:46 am

Deloitte: Data analytics transforming higher education

Across the Middle East, educational institutions and providers face a myriad of challenges and opportunities. On the demand side, changing student and employer expectations place pressure on providers to improve learner outcomes and maintain relevance. Changes to regulations, growing competition...

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Business & Money | Thursday 11 February, 2016 7:43 am

Philip Morris International Recognized as Top Employer in Europe and the Middle East

Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today was recognized as a Top employer in Europe for the fourth consecutive year, and for the first time in the Middle East, in recognition of the company’s excellent work environment and exceptional development opportunities...

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Business & Money | Thursday 11 February, 2016 7:35 am

Aqualia gets award for step to modernize water sector

The Governor of Riyadh Prince Faisal Bin Bandar Bin Abdul Aziz Al Saud) presented the Award for Water to Javier Díaz, manager of Aqualia in Saudi Arabia, during the Saudi Water Electricity Forum (SWEF) held in Riyadh this week. The award pays recognition to the work carried out by Aqualia ...

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Tourism & Hospitality | Thursday 11 February, 2016 7:35 am

Saudia pavilion in Janadriyah attracts many visitors

The pavilion of the Saudi Arabian Airlines (Saudia) in the National Festival for Heritage and Culture (Janadriyah) attracts every day a large number of visitors who are determined to know more about the national carrier. The pavilion is constructed on an area of 1,200 square meters and contains a...

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Business & Money | Thursday 11 February, 2016 7:29 am

Riyadh Metro project on course: Governor

The $22-billion Riyadh Metro project is going on according to the plan despite the fact that many global projects are faltering. “There are many stalled projects all over the world and not in the Kingdom alone, but the metro project in the Saudi capital is proceeding according to...

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Tourism & Hospitality | Thursday 11 February, 2016 4:47 am

Michelin-star Chef to Inaugurate Acacia, New French Fine Dining Restaurant at Mövenpick Hotel Riyadh.

Pierre Gagnaire, the renowned French chef who has earned three Michelin stars, is coming to Riyadh to formally inaugurate his first restaurant in the Kingdom of Saudi Arabia. He will be in Riyadh from 24-26 January 2016 to create a French fine dining experience for guests at Mövenpick Hotel...

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Tourism & Hospitality | Thursday 11 February, 2016 3:44 am

Häagen-Dazs opens flagship café in Jeddah

Häagen-Dazs opened its flagship ice-cream café in Corniche, Jeddah in the presence of prominent guests and enthusiastic customers. Commenting on the event, Manolis Kontos, Managing Director, General Mills Middle East, Turkey and North Africa (MENAT) and Sub Saharan Africa (SSA)...

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