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Security sector in KSA lures global companies

Jeddah / TNS Approximately 125 global companies in security services are providing solutions to the Saudi business sector in the light of the growing demand for security, safety services and protection from fires. “Saudi budgetary allocations for security across municipal, health, infrastructural, transport and construction sectors are increasing. This is why the world’s companies are targeting the Saudi market,” Mowfaq Alharithi, ...

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Jordan women ‘kick’ against stereotypes in football

  Amman / AFP Line’s dream is about to become a reality, the 14-year-old Jordanian girl will make history later this year when she takes part in her first ever football world cup. FIFA’s U-17 Women’s World Cup will kick off on September 30 in Jordan, the first time a Middle Eastern country hosts an international women’s football competition. Line ...

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Russia’s Arctic-circle ports ship as much crude as Libya

  Bloomberg High in the Arctic circle, three oil terminals on Russia’s northern coast are already exporting as much crude oil as Libya — and that flow could double in the next five years. It’s a sign the development of remote deposits in the country’s harsh and fragile north will play an increasingly important role as conventional production in the ...

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Britain faces short recession as exit vote hammers spending: EY

  Bloomberg The UK will fall into a “short, shallow recession” around the turn of the year as Brexit hits house prices, jobs and spending, according to the EY Item Club. In a report to be published on Monday, the forecaster will say it’s slashing its 2017 growth estimate to 0.4 percent from 2.6 percent and predicting the Bank of ...

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Brexit’s Davis offers no guarantees to new EU arrivals

  AFP The head of Britain’s new Brexit ministry on Sunday said that EU migrants arriving between now and the country’s official departure from the bloc may not be guaranteed the right to remain. David Davis told the Mail on Sunday that he would negotiate with European leaders to secure “a generous settlement for EU migrants here now and a ...

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Britain’s May keen on Australian trade deal soon after Brexit

  Bloomberg The U.K. and Australia are eager to negotiate a free-trade agreement as soon as possible, the two nations’ newly appointed premiers said following a telephone conversation. U.K. Prime Minister Theresa May, who took office 19 days after her country voted to leave the European Union, and her Australian counterpart Malcolm Turnbull said they will meet at the G-20 ...

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Google CEO defends Europe tax practices

  AFP Google CEO Sundar Pichai hit back on Sunday at accusations that the global internet giant failed to pay enough taxes in Europe, and warned of the potential fallout from Britain leaving the EU. As Google faces a raft of fiscal probes across the continent, Pichai told Germany’s Welt am Sonntag newspaper that the US company invested “very heavily” ...

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Soccer success helps Portugal plug the gap – a little

  AFP Portuguese Finance Minister Mario Centeno pinned his colours to the mast, donning a green and red scarf as his countrymen lifted the European Championship trophy. EU colleagues in Brussels congratulated him as he lauded the Seleccao’s final win over tournament hosts France in Paris. But the Lisbon government had two reasons to celebrate — not just a maiden ...

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Emirati safety officers must in construction sector from 2017

  ABU DHABI / WAM The Ministry of Human Resources and Emiratisation announced that all construction facilities with a 500 plus workforce must appoint at least one local occupational health and safety officer from 2017. Saqr bin Ghobash Saeed Ghobash, Minister of Human Resources and Emiratisation explained, “We will stop granting facilities with over 500 workers any further work permits, ...

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RDC, UAE Central Bank sign deal to solve rental rows fast

  Dubai / Emirates Business The Rental Disputes Center (RDC), the judicial arm of the Dubai Land Department (DLD), signed a Memorandum of Understanding (MoU) with the Central Bank of the United Arab Emirates, in order to facilitate prompt information exchanges between the RDC and banks operating in the UAE for Rental Disputes. Furthermore, an electronic framework of cooperation will ...

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