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New Saudi moves to woo foreign investment

Saudi Arabia is currently working to develop its trade and investment laws with the intent of wooing more foreign direct investments and settling disputes between foreign investors and their local partners. Saudi Arabian General Investment Authority (SAGIA), the country’s investment facilitator, spearheads the move by adding some points of explanation in the current law in addition to putting a set of new conditions. The Kingdom encourages successful […]

August 17

Dubai attracts AED53b real estate investments in first half

The Dubai Land Department has announced that funds invested in the emirates’ real estate market has reached Dh53 billion, with Emiratis ranking highest among Gulf investors with Dh12 billion in spending. A break-down of the investment shows that Arab investors contributed to approximately Dh5 billion — a 111 per cent increase in spending, other Gulf nationals (including those from the UAE) to over Dh16 billion — a […]

August 09

UAE banks endorse m-Govt initiative

The UAE Banks Federation has announced its firm support for the successful implementation of the UAE’s m-Government initiative, announced earlier this year by His Highness Shaikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai. The UAE Banks Federation (UBF) has formed a committee comprising representatives of Abu Dhabi Commercial Bank, Mashreq Bank, Abu Dhabi Islamic Bank, Emirates NBD, National Bank of […]

August 08

Islamic banking: What next

By Gerald Al Fil While the comeback of stock market rallies investment banking, the Shari’ah-compliant industry faces its toughest test since it entered its boom phase a decade ago. I got puzzled when I received a tweet from @Worldmuslimnews on May 11 saying “Islamic finance is out”. Are issuances of Islamic bonds (sukuk) not going through the roof as we can read day by day? Could first […]

August 06

Siemens bags $967m Saudi Aramco order

Siemens said it will supply the key components for a major combined-cycle power plant in the Kingdom of Saudi Arabia. The power station is designed to deliver electricity to the Jazan Industrial city area in the southwest of the country and to the refinery of Jazan, which will additionally be supplied with process steam. The plant will be fueled with gasified refinery residues, which contributes greatly to […]

August 05

Marketing Lessons For The New Web: Four Success Tips

For today’s marketers, online channels present a vast array of new opportunity – as well as the potential for costly distraction. New and emerging platforms — such as social and mobile channels — continue to evolve the online landscape of consumer engagement. As a result, success metrics and economics can change quarterly depending upon customer adoption curves. Marketers can, and should, choose from a broad menu of […]

July 22

The Walkman Rises: Can a Nostalgic Reboot Revive Sony?

If you’re an audiophile who waxes nostalgic when it comes to the classic Walkman audio cassette and CD players — you’re in luck. There’s a new Sony (SNE) Walkman out, though if you’re in America, you may need to pack a passport to purchase one legally. The Japanese consumer electronics giant has been following Apple’s (AAPL) iPod footsteps through Asia and Europe in recent years in its […]

July 18

Martha Stewart, J.C. Penney deal hits legal setback

NEW YORK (Reuters) – A state judge on Friday temporarily blocked plans by Martha Stewart Living Omnimedia to sell certain branded products at J.C. Penney stores. The preliminary injunction was a win for Macy’s , which has sued Martha Stewart Living claiming it has exclusive rights to sell certain Martha Stewart products including soft furnishings, dinnerware and cookware. In issuing the preliminary injunction, New York State Supreme […]

July 13