Business & Money | Thursday 28 April, 2016 6:34 am

Barwa Bank’s AGM approves 10% cash dividend for shareholders

Barwa Bank convened its Annual General Meeting (AGM) on Monday the 25th of April 2016, during which the results for the fiscal year ending on December 31, 2015, and the cash dividends of 10 percent to shareholders, were approved.   During the AGM, all items on the agenda were discussed,...

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Business & Money | Thursday 28 April, 2016 4:59 am

Al Marjan Island big magnet for real estate developers in the hospitality sector

Architect Abdullah Rashed Al Abdouli, Managing Director of Al Marjan Island (AMI) Company said that Ras Al Khaimah has reinforced its position as a premier investment destination in the world thanks to its advanced infrastructure, world-class communications, unique investment environment and...

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Business & Money | Thursday 28 April, 2016 1:44 am

Visa Brings Digital Payments to Rio 2016 Olympic Games as 1.2 Million Travelers Are Expected in Brazil

Visa (NYSE:V) today celebrated the 100 day milestone to the Rio 2016 Olympic Games. In its 30th year as the exclusive payment provider of the Olympic Games, Visa is creating and managing the entire payment system infrastructure and network throughout all venues including stadiums, press centers,...

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Business & Money | Thursday 28 April, 2016 12:30 am

Limited IPO activity in MENA continues in Q1 2016; Egypt and KSA lead activity: EY

 The Middle East and North Africa (MENA) region witnessed only two IPOs raising US$615.0m in Q1 2016, representing another quarter with limited IPO activity, according to EY. Capital raised through MENA firms in Q1 2016 increased by 141%, while the number of IPOs were consistent (2 IPOs),...

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Business & Money | Wednesday 27 April, 2016 4:24 pm

Major change ahead: Knauf insulation welcomes commitment by UAE authorities to update fire safety regulations

Efforts by UAE authorities to commit to updating building regulations following recent high profile fires in the region have been welcomed as an ‘example’ for the rest of the world to follow by Knauf Insulation, one of the world’s largest manufacturers of insulation products and...

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Business & Money | Wednesday 27 April, 2016 4:18 pm

Siemens celebrates 1,000 gas turbines from Berlin: electricity for one billion people

Today, the Siemens gas turbine factory in Berlin is shipping its 1,000th gas turbine manufactured at the plant. The SGT5-4000F gas turbine, which has a capacity of 300 megawatts (MW), weighs 300 metric tons and is destined for the Umm al Houl combined cycle power plant in Qatar. The total...

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Business & Money | Wednesday 27 April, 2016 4:07 pm

Commodity prices and energy transition top 2016 World Energy Congress programme

The 23rd World Energy Congress, which is taking place in Istanbul, between 9 and 13 October 2016 has today announced the first key highlights of its official event programme.  Headline sessions will include weathering the commodity price storm and the impact of the COP21 agreement on the...

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Business & Money | Wednesday 27 April, 2016 3:48 pm

MICHELIN Pilot Sport Cup 2 Tyres Fitted to the BMW M4 GTS

Specially developed versions of the MICHELIN Pilot Sport Cup 2 tyres will be the sole original equipment fitment on the new limited special model BMW M4 GTS. As a track car that is approved for road use, the job of Michelin's engineers was to design an ultra-high-performance tyre which is...

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Business & Money | Wednesday 27 April, 2016 3:12 pm

Shurooq and Oxford Business Group partner for the upcoming publication of ‘Sharjah Report 2016’

Sharjah Investment and Development Authority (Shurooq) has signed a Memorandum of Understanding (MoU) with Oxford Business Group, a leading global publishing, research and consulting company. The agreement will see the UK-based organisation conduct an in-depth study on the emirate’s economic...

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Business & Money | Wednesday 27 April, 2016 2:52 pm

Excellent functionality and quality for the best in personal hygiene

 It is hard to imagine something that contributes more to our well-being than personal hygiene. This is why GROHE, the sanitary manufacturer, is committed to making products, which help users maintain the very highest standards in this respect. The new Tempesta-F Trigger Spray 30 (Shattaf), is ...

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