Business & Money | Tuesday 2 June, 2020 2:31 am

SAMA injects SR50bn to boost banking sector liquidity

The Saudi Arabian Monetary Authority (SAMA) has injected SR50 billion into the banking sector to boost liquidity and enhance lending capacity for the private sector, it said in a statement on Monday. The move aims to help banks restructure or modify the private sector loans without additional...

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Business & Money | Monday 1 June, 2020 11:28 pm

AgriTech Sector Development Team discusses post-Covid-19 plans to advance agricultural technology in the UAE

The UAE’s food production landscape post Covid-19 was the topic on the table during the second meeting of the AgriTech Sector Development Team, a newly established team comprising public sector and private sector stakeholders from the country’s growing agricultural technology...

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Business & Money | Monday 1 June, 2020 9:25 am

FedEx Express Supports Local Communities Combating COVID-19 Across the Middle East, Indian Subcontinent and Africa

FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, has committed to donate critical medical supplies, including Personal Protective Equipment (PPE) and face masks to healthcare workers and first responders working on the...

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Business & Money | Monday 1 June, 2020 9:14 am

Gulf Pharmaceutical Industries ‘Julphar’ launches AED 500 million rights issue

Gulf Pharmaceutical Industries PSC (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, announced today the launch of its AED 500 million rights issue as the company progresses on its ambitious turnaround plan. The rights issue is set to improve the company’s...

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Business & Money | Monday 1 June, 2020 7:00 am

Ingram Micro signs distribution agreement with Red Hat to provide enterprises with products and solutions across the MENA region

 Ingram Micro, the global technology and supply chain services provider, today announced the signing of a distribution agreement with Red Hat, Inc., the world's leading provider of open source solutions, to offer Ansible, Open Source, Open Shift, and Cloud solutions to enterprises across the...

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Business & Money | Monday 1 June, 2020 6:00 am

ASDA’A BCW’s Sunil John named Best PR Professional in the Middle East in PRWeek Global Awards 2020

  Sunil John, founder of regional public relations agency ASDA’A BCW and President of BCW Middle East, has been named ‘Best PR Professional in the Middle East’ in the PRWeek Global Awards 2020. This latest individual award for John from the global PR industry coincides with the ...

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Business & Money | Sunday 31 May, 2020 1:18 pm

RAKEZ introduces holding company set-up to back investors in diversifying investments

Ras Al Khaimah Economic Zone (RAKEZ) has recently introduced holding company set-up, the latest addition to its wide-ranging products and services that supports investors in Ras Al Khaimah. This type of company structure allows secured investments where business owners can hold shares in different...

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Business & Money | Sunday 31 May, 2020 12:55 pm

Emirates Islamic announces lucky winners of Kunooz Savings Account promotional campaign

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the 22 lucky winners of its Kunooz Savings Account promotional campaign, aimed at encouraging customers to save more by rewarding them with grand prizes totalling to more than AED 6 million and three...

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Business & Money | Sunday 31 May, 2020 10:05 am

KFC Thanks Frontline Heroes with More Than 7,200 Meals

In appreciation of the selfless service of frontline workers and defenders who are committed to the nation’s health and safety, KFC surprised doctors, nurses, police officials, first responders and patient-care staff across the country with more than 7,200 special meals from the world’s most...

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Business & Money | Sunday 31 May, 2020 10:03 am

TABADUL contributes SAR 1 million to Health Endowment Fund

The Saudi Company for Exchanging Digital Information (TABADUL), a subsidiary of the Public Investment Fund, announced a contribution of SAR 1 million to the Ministry of Health's Health Endowment Fund to combat the spread of novel coronavirus (COVID-19) pandemic in Saudi Arabia.   The ...

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