Business & Money | Thursday 25 April, 2019 1:40 pm

Majid Al Futtaim officially opens AED 300 million My City Centre Masdar, set to be Abu Dhabi’s most sustainable mall

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today launched Abu Dhabi’s most sustainable retail destination – My City Centre Masdar.   The AED 300 million community project...

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Business & Money | Thursday 25 April, 2019 1:00 pm

SADAFCO Announces Completion of Jeddah Central Warehouse Project

Saudia Dairy and Foodstuff Company (SADAFCO)announced that its Jeddah Central Warehouse, the largest in the company’s network, is now operational. The facility has a capacity up to 42,000 pallets, and total building, automation & semi-automation, and engineering & equipment costs...

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Business & Money | Thursday 25 April, 2019 12:32 pm

DAMAC awards contracts worth AED 430 million

DAMAC Properties announced the awarding of multiple contracts worth AED 430 million, as it moves ahead with key UAE projects. The contracts, awarded in the first quarter of 2019, range from large construction works at DAMAC’s second master community, to final touch-ups for developments that...

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Business & Money | Thursday 25 April, 2019 11:40 am

GCC Board Directors Institute Launches Flagship Director Certification Programme with The Financial Academy

The GCC Board Directors Institute (GCC BDI), a not-for-profit organisation that guides board directors of organizations, from family-owned businesses to listed companies, to acquire the know-how and tools to reach and sustain effective governance, launched its new Director Certification Programme...

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Business & Money | Thursday 25 April, 2019 5:19 am

SAGIA Launches Venture Capital Platform at Financial Sector Conference

Reflecting the wealth and diversity of opportunities that the Kingdom of Saudi Arabia offers international businesses and investors, the Saudi Arabian General Investment Authority (SAGIA) has launched VENTURE by Invest Saudi, a new initiative aimed at attracting global venture capital firms to the...

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Business & Money | Thursday 25 April, 2019 4:00 am

Souq’s ‘mobile Mania’ Is Back With Between 10% to 50% Off on Mobile Devices and New Exclusive Launches

SOUQ’s annual ‘Mobile Mania’ sale is back from Thursday, April 25 to Monday, April 29 2019, bringing customers in the Kingdom great deals on an array of mobile devices, with discounts ranging from 10% to 50%. In addition, customers can shop for exclusive devices sold only on SOUQ, ...

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Business & Money | Thursday 25 April, 2019 3:30 am

Saudi future is bright: HSBC CEO

Global finance chiefs are attending a two-day Financial Sector Conference in Riyadh reposing confidence in the Kingdom and its economy. Big investors in Saudi Arabia appear to be focused on potential deals in the largest Arab economy and the world’s top oil exporter as it opens up under a...

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Business & Money | Thursday 25 April, 2019 2:30 am

Dubai Investments Brings Affordable Offering to the Market With Release of 279 Units in Al Multaqa Avenue, Mirdif Hills

Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market, is ready to go to market with Al Multaqa Avenue, a residential cluster and the newest phase of Mirdif Hills, a prestigious mixed-use project developed by its subsidiary Dubai Investments Real Estate...

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Business & Money | Wednesday 24 April, 2019 4:04 pm

Tawuniya announces the first health program of its kind in the Middle East and North Africa in partnership with Vitality Group

The Company for Cooperative Insurance (Tawuniya) has signed an agreement, which is the first of its kind in the Saudi insurance market with Vitality Group, the global leader in integrating wellness benefits with insurance products. Part of Discovery Group, Vitality operates its Shared-Value...

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Business & Money | Wednesday 24 April, 2019 3:29 pm

Bahri reports 46% jump in first-quarter 2019 net profit as business units grow

Bahri, a global leader in logistics and transportation, has reported positive results for the first quarter of 2019 despite challenging market conditions. The company’s net profit jumped 46 percent and revenue grew 17 percent during the quarter ended on March 31,...

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