Saturday 17 November 2018

Naming rights for Riyadh Metro's 8 stations raise $278.7m

Riyadh Development Authority (RDA) – previously The High Commission for the Development of Arriyadh - has awarded naming rights for eight Riyadh Metro stations to leading commercial organisations from Saudi Arabia and the region, generating a total of SR1.045 billion ($278.


Dubai set to host 87th Interpol General Assembly

Dubai will play host to the 87th International Criminal Police Organisation (Interpol) General Assembly 2018 from November 18 to 21. Held for the first time in the UAE, the Interpol General Assembly will bring together officials of public security departments and global experts t


Illegal cigarettes cost $210m in lost taxes in GCC

Illicit trade of cigarettes in the GCC has tripled in the first half of 2018 rising to 5.3 per cent of total sales compared to last year, equivalent to approximately $210 million in lost taxes, a report said. Philip Morris International (PMI), a leading international tobacco comp


Sovereign bonds law ‘to boost UAE economy’

The new law enabling the federal government to issue sovereign bonds will deliver a major boost to the UAE economy by providing multiple benefits for the country’s investment environment, legal experts say. STA Law Firm believes the law is an important step in the developme


SIAL Middle East to attract 20,000 food experts

The ninth edition of SIAL Middle East, the exclusive regional food, beverage and hospitality trade event, kicks off in Abu Dhabi on December 10 and run for the next two days at the Abu Dhabi National Exhibition Centre (Adnec).   Expected to draw the participatio


Smit Lamnalco takes delivery of Damen ASD tugs

Damen Shipyards Group said it has delivered the third and fourth units in a four-vessel contract to Rotterdam-based Smit Lamnalco, a leading towage company. All four vessels are Damen’s popular and powerful ASD Tug 3212 class with a bollard pull of 80 tonnes, said a stateme


First modern Indian bistro opens in Bahrain

Al Namal & VKL Holding, a leading Bahrain-based multinational conglomerate, has announced the launch of the kingdom’s first modern Indian bistro, Spice Village. The 90-seater restaurant, which is located at Juffair Mall, near US Navy base, is also accessible to a huge P


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