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CBI hires first female chief

LONDON — Britain's leading business lobby group, the CBI, announced on Monday the appointment of its first female director general — economist and former media executive Carolyn Fairbairn. In a statement, the 54-year-old identified t [Read story...]

CVD, if goes unchecked, to harm economy: Study

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From left: Dr. Adel Bashandi, MSD Saudi Arabia Business Unit, director for cardiovascular & metabolic diseases department; Dr. Saleh Al Jasser, Consultant Endocrinologist, KFNG- Riyadh; and Prof. Murad Elmourad, Consultant Endocrinologist, K [Read story...]

UAE becomes founding member of AIIB

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DUBAI — The UAE has become the founding member of the international financial institution the Asian Infrastructure Investment Bank (AIIB) in Beijing that was first announced during the Asia-Pacific Economic Cooperation (Apec) held in Indon [Read story...]

Lufthansa, union back in touch to avert strike

FRANKFURT – Lufthansa and cabin crew union UFO are holding talks on whether to resume negotiations over pay and pensions in a bid to stave off what could be imminent strikes over the busy summer holiday season. Lufthansa has been in protra [Read story...]

GE to sell fleet services to Element for $6.9bn

NEW YORK — General Electric said Monday it had agreed to sell its vehicle fleet management and financing services in the United States and three other countries to Canadian firm Element Financial for $6.9 billion. GE, which is restructurin [Read story...]

Dubai a major asset management hub

DUBAI — Dubai International Financial Centre – the mature global financial hub connecting the Middle East, Africa and South Asia (MEASA) markets with the economies of Europe, Asia and the Americas – participates at the four-day F [Read story...]

Vendor specialization in IT solutions to fuel GCC

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JEDDAH — Vendor specialization in IT solutions will push resellers in the GCC to focus on the quality of products and services they offer customers, according to industry experts. Symantec recently announced its strategy to separate the co [Read story...]

Giordano’s ‘Thank You’ campaign kicks off

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GIORDANO, the global apparel retailer, has launched a “Thank You” campaign across the GCC that encourages people to express their gratitude to a friend, family member or stranger. Every week during the holy month of Ramadan, a to [Read story...]

airblue hosts Iftar party

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Saeed Hassan, country manager of airblue, a private Pakistani airline with its head office in Islamabad, hosted an Iftar dinner in Flamingo Mall, Jeddah last Wednesday. He took the occasion to extend his appreciation for the role and support of the [Read story...]

Al Faisaliah Hotel raises the bar of Ramadan

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AL Faisaliah Hotel has earned the reputation of hosting Riyadh's finest Iftar and Sohour gatherings, and this year is no exception. The Prince Sultan Grand Hall is once again transformed into “Fawanees”. Adorned by impressiv [Read story...]

Al Faisaliah Hotel raises the bar of Ramadan

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AL Faisaliah Hotel has earned the reputation of hosting Riyadh's finest Iftar and Sohour gatherings, and this year is no exception. The Prince Sultan Grand Hall is once again transformed into “Fawanees”. Adorned by impressiv [Read story...]