Thursday 28 August 2014
 
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Saudi Arabia

Emaar Financial plans Saudi unit

Emaar Financial Services, whose shareholders include developer Emaar Properties, plans to start a financial services firm in Saudi Arabia as part of a regional expansion plan. Emaar Saudi Financial Services would have capital of

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New CEO for Morgan Stanley Saudi Arabia

Morgan Stanley has appointed Habib Achkar, managing director, as chief executive officer of Morgan Stanley Saudi Arabia (MSSA).  Achkar will be responsible for overseeing the continued expansion of MSSA.  He will relocate to Riy

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KFSH to set up $25m oncology unit

Saudi Arabia's King Faisal Specialist Hospital has signed a one-year contract with an architectural firm to design the SR96 million ($25 million) King Abdullah Oncology and Liver Center. The firm will prepare designs for four projects whic

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Saudi advisors may back riyal revaluation

A Saudi council that advises the king is likely to accept a recommendation to revalue the dollar-pegged riyal as a measure to fight inflation, although any decision rests with the monarch, one of the members said. An internal committee of

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Intel launches new products for laptops

Intel Corporation unveiled its Centrino 2 Processor Technology products for laptops today, powered by several new Intel Core 2 Duo processors. Close to 250 innovative consumer and business wireless notebook PC designs are on the way 

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Driving license validity extended to 10 years

Private license validity in Saudi Arabia has now been extended to 10 years from the existing five years, a report said Director of Traffic Department Maj Gen. Fahd Bin Saud Al-Bishr was quoted by the Saudi Gazette reports as saying a Roya

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New welfare department formed

Saudi Arabia has formed a new department for the welfare of expatriate workers under the Ministry of Labour. The welfare department will provide services to expatriate workers and solve their work-related problems, a Saudi Gazette report q

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UBS to launch operation in Saudi

UBS, one of the world's leading financial firms, has announced plans to launch operations in Saudi Arabia, as part of its Middle East expansion. UBS said it has been granted conditional authorisation by the Capital Markets Authority (CMA)

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Saudi 'has plans to curb inflation'

Saudi Arabia continues to use measures to tackle rising inflation that hit 10.4 percent in May, the kingdom's King Abdullah was quoted as saying. 'There are plans that guarantee controlling inflation... and this is by using the cash windfa

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Landmark eyes 10 Islamic hotels by 2010

Landmark Hotel Management, one of the UAE's leading hotel management companies, said it will launch 10 world-class Shariah-compliant hotels and serviced apartments across the UAE and Saudi Arabia by the end of 2010. The move is

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