Business & Money | Tuesday 22 December, 2020 10:33 am

Noor Takaful Launches Digital Savings Plan Using the “Bliss” platform

 Platform leverages the latest technology, advanced machine learning and Artificial Intelligence to offer unparalleled value propositionsAvailable on iOS and AndroidDubai, UAE – 22 December 2020: Noor Takaful, a Dar Al Takaful Company, the UAE’s second largest Islamic insurance entity, has ...

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Business & Money | Tuesday 22 December, 2020 10:22 am

Public Investment Fund (PIF) Further Strengthens Leadership Team with Key Appointments as Fund Continues its Expansion

The Public Investment Fund (PIF) today announced the appointments of the following key leaders in line with its ongoing growth strategy: PIF’s Chief of Staff, Yazeed AlHumied, as new Head of the Fund’s Local Holdings InvestmentsPIF’s Head of Local Holdings Investments, Rashed Sharif, as...

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Business & Money | Tuesday 22 December, 2020 1:00 am

Saudi Arabia’s leading esports platform Kafu Games signed a sponsorship contract with gaming smartphone manufacturer UCC - telo GameZ for 7 weeks of unlimited video game tournaments on their platform.

Keeping up with the latest esports trends in the Kingdom, telo GameZ recently launched Lenovo Legion, a high-end gaming mobile that puts state-of-the-art gaming tech in the pockets of gamers. Kafu Games is hosting 7 weeks of non-stop tournaments sponsored by telo GameZ with prize pools worth...

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Business & Money | Monday 21 December, 2020 1:15 pm

Netix Global bags contract to upgrade and maintain Mazaya Business Avenue Jointly Owned Property buildings in UAE

The three properties jointly owned by Mazaya Business Avenue will be operated and maintained under a connected buildings model, using Netix's IoT and AI-based open protocol solutions. Dubai, 21st December, 2020: Netix Global BV, a SB Group International subsidiary specializing in...

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Business & Money | Monday 21 December, 2020 12:57 pm

Aramco and Cognite Establishes a Joint Venture to Accelerate Industrial Digitization

The Saudi Aramco Development Company, a subsidiary of The Saudi Arabian Oil Company, today announced it has signed a joint venture (JV) agreement with Cognite AS (Cognite), a global industrial software company and majority-owned subsidiary of Aker ASA (Aker), as part of the two companies’...

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Business & Money | Monday 21 December, 2020 11:05 am

Majid Al Futtaim Launches Company-wide Circular Economy Strategy to Further Reduce Environmental Impact

New strategy underpinned by Majid Al Futtaim’s Net Positive and single-use plastics commitmentsBy 2030, all Majid Al Futtaim businesses will have circularity at the core of their operations Based on five pillars, Majid Al Futtaim’s circular economy strategy addresses key areas of impact...

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Business & Money | Monday 21 December, 2020 10:42 am

Equity Crowdfunding platform Eureeca facilitates US$1.3 million in series A funding for Udrive after going live in record time

Eureeca, the first multi-regulated global equity crowdfunding platform, has announced that the UAE-based pay-per-minute car rental service Udrive has raised US$1.3 million from 186 investors in just 48 hours. The raise forms part of Udrive’s series A round of funding from their customers,...

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Business & Money | Monday 21 December, 2020 10:32 am

Abu Dhabi Securities Exchange (ADX) Announces Listing Palms Sports on its Second Market

Abu Dhabi Securities Exchange (ADX) announced that Palms Sports P.J.S.C has listed its shares on ADX’s Second Market under the trading symbol PALMS, and trading begins on the shares today. The company’s nominal value of share capital is AED 150 million, with each share having a nominal value of ...

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Business & Money | Sunday 20 December, 2020 11:19 am

ENGIE acquires Saudi Arabia’s Allied Maintenance Company Ltd

ENGIE Solutions, an international leader in providing low carbon energy and services, has acquired Allied Maintenance Company Ltd (AMC), a Saudi-based total facilities management company with a wealth of experience across numerous locations in the Kingdom. Formed in 1992, AMC has more than...

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Business & Money | Saturday 19 December, 2020 12:10 pm

Azizi Developments records sale of 315 retail units worth AED 458.68m marking a substantial surge in Q4 2020

Azizi Developments, a leading private developer in the UAE, has noted a substantial surge in demand for its retail units across projects in the fourth quarter of 2020, despite the pandemic-induced challenges that the real estate industry has witnessed. The total units sold now amount to...

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