Business & Money | Tuesday 8 October, 2019 2:16 am

Shurooq and Injazat Announce Partnership on Manage service and Transition to Cloud

In a step towards enhancing its operational efficiency, security and reliability, Sharjah Investment and Development Authority (Shurooq) has entered into a strategic partnership with Injazat Data Systems for manage services and journey to cloud.    The agreement which took place...

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Business & Money | Tuesday 8 October, 2019 1:46 am

Azizi Developments receives first time rating of ‘BB-’ with a stable outlook from Fitch

Azizi Developments, a leading private developer in the UAE, was awarded the rating of ‘BB-’ with a stable outlook by Fitch, one of the highly esteemed big three global credit rating agencies. This was the first time the developer went through Fitch’s rating process since its...

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Business & Money | Monday 7 October, 2019 5:50 pm

#Saudi_Build 2019 Inauguration Under the patronage of the Governor of Riyadh Region

Under the patronage of His Royal Highness, Prince Faisal bin Bandar bin Abdulaziz Al Saud, Governor of Riyadh Region, Riyadh Exhibitions Company Ltd. (REC) inaugurated the 31st edition of the Saudi Build Exhibition 2019. With a platinum sponsorship by Saudi Exports Development Authority, and...

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Business & Money | Monday 7 October, 2019 1:07 pm

Emirates Islamic named Best Islamic Bank, UAE, at World Finance Awards

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, secured two prestigious awards at the World Finance Islamic Finance Awards 2019, recognising the bank’s robust financial performance and commitment to innovation. Emirates Islamic was named ‘Best...

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Business & Money | Monday 7 October, 2019 12:49 pm

Dubai Customs: 1.2 million transactions in DUCAMZ and Dry Port

Ahmed Mahboob Musabih, Director General of Dubai Customs, made a field visit to DUCAMZ and Dry Port customs centers of the Land Customs Centers Management. He inspected the business functioning and customs service level delivered at the locations.     The Director General met...

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Business & Money | Monday 7 October, 2019 12:45 pm

MSC MINA, one of the World’s Largest Container Ships, Docks at King Abdullah Port

In its first visit to the Kingdom, MSC MINA, one of the world’s largest container ships, has docked at King Abdullah Port, the Saudi port with the capability to receive the largest vessels in the world. The docking occurred amidst a warm welcome and in the attendance of representatives from...

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Business & Money | Monday 7 October, 2019 3:05 am

Dubai Culture employees to present Dubai’s cultural face to the world

Dubai Culture and Arts Authority (Dubai Culture) announces the opening of the registration window for employees to enter the Expo 2020 Volunteers Programme. A delegation from Expo 2020 visited Dubai Culture last week to explain the requirements of participating as volunteers in this...

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Business & Money | Monday 7 October, 2019 2:33 am

Almarai announces 7.7% growth in Q3 revenue ​

Almarai reported a revenue growth of 7.7% to reach 3,573.3 million SAR. Gross profit grew 3.2%, maintaining a robust value share in Almarai’s core market of Saudi Arabia, holding no.1 position across 10 categories.​ ​ Bakery business unit recorded a strong revenue growth of 10.4%,...

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Business & Money | Monday 7 October, 2019 2:18 am

Emirates NBD to reward customers with luxury cars, watches for saving more

Emirates NBD, a leading bank in the region is offering individual and SME customers the chance to win luxury cars and premium watches when they save with the bank, in a promotional campaign that runs until February 29, 2020. There will be separate prize draws conducted for individual and SME...

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Business & Money | Sunday 6 October, 2019 2:00 pm

“Bidaya” Repaid In Full The First Tranch Of It’s Sukuk Program

Bidaya Home Finance Company, Saudi Arabia’s leading non-bank provider of home financing products, today announced that it has repaid in full the first tranche of its SR 500 M   Sukuk program worth of SR 250M.   The SR 250M tranche was issued in April 2018 and was...

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