Business & Money | Thursday 17 May, 2018 3:43 am

The General Authority for Zakat and Tax: VAT App downloaded more than 1.4 million times

Ahead of the uptick in shopping activity during the Holy Month of Ramadan, the General Authority for Zakat and Tax (GAZT) urged consumers to use the VAT App when purchasing goods and services in order to verify that the businesses they deal with are fact registered in the VAT and report cases of...

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Business & Money | Thursday 17 May, 2018 3:00 am

Audi Abu Dhabi launch exclusive offers across select new and used cars this Ramadan

In celebration of the Holy Month of Ramadan, Audi Abu Dhabi is offering a range of premium opportunities for customers to enjoy on select new and used models.   Under the promotion, Audi Abu Dhabi are offering customers an extended 6-year unlimited mileage warranty plus free 5-year...

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Business & Money | Thursday 17 May, 2018 2:00 am

Belgium king honors top Saudi broadcaster FGC

First Gulf Company, the Riyadh-based broadcast and technology business, has been honored by Belgium, with its two principals appointed Knights in the Order of the Crown. Recognized for their continuous contribution toward economic relations between Saudi Arabia and Belgium, Naim Saidi, CEO, and...

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Business & Money | Wednesday 16 May, 2018 1:34 pm

Taajeer Group delegation visits “SAIC” production facilities in China

Frost & Sullivanrecently concluded its fourth edition of the 2018 Middle East Best Practices Awards Banquet which was held on 14thMay at Atlantis, The Palm, Crescent Road, Dubai, UAE.  The Awards programme provided an ideal opportunity to recognise companies driven by visionary...

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Business & Money | Wednesday 16 May, 2018 1:15 pm

Alkhabeer Capital Named Best Private Equity Company in Saudi Arabia

Alkhabeer Capital, the asset manager specializing in alternative investments, has been named BestPrivate Equity Company in Saudi Arabia by the leading industry magazine, Banker Middle East,a member of the CPI Financial publishing group, for the second consecutive...

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Business & Money | Wednesday 16 May, 2018 3:37 am

Saudi Housing Ministry allocates over 100,000 residential units

The launch of the fifth batch of the Sakani (housing) program for 2018 was announced by the Ministry of Housing and the Real Estate Development Fund (REDF) on Tuesday, the official Saudi Press Agency reported. It will distribute 21,612 residential and financing products across the Kingdom. It...

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Business & Money | Wednesday 16 May, 2018 3:17 am

Dow Innovation Center Inaugurated at KAUST

 The newly constructed Dow Innovation Center at King Abdullah University of Science and Technology (KAUST) was inaugurated in a ceremony attended by Dow executive leadership, the KAUST Board of Trustees, university leadership, and special invited guests from Saudi...

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Business & Money | Tuesday 15 May, 2018 3:24 pm

RAK Ruler Pardons 302 Prisoners on Occasion of the Holy Month of Ramadan

On the occasion of The Holy Month of Ramadan and in the spirit of the Year of Zayed, His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah (RAK), has ordered the release of 302 prisoners from the punitive and reformative institutions in the Emirate, who...

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Business & Money | Tuesday 15 May, 2018 2:50 pm

Global A&D industry poised for sustained growth in 2018 and beyond, following muted gains in 2017

Global aerospace and defense (A&D) industry revenues are expected to experience significant growth in 2018. Revenues are expected to accelerate 4.1 percent—more than doubling last year’s 2.1 percent growth. This is according to Deloitte Global’s 2018 Global aerospace and...

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Business & Money | Tuesday 15 May, 2018 2:32 pm

DAMAC Properties reports revenue of AED 1.9 billion and net profit of AED 484 million in the first three months of 2018

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for the first quarter of 2018, reporting total revenue of AED 1.9 billion, with booked sales reported at AED 1.6 billion, largely in line with AED 1.5 billion recorded in Q4...

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