Business & Money | Friday 27 April, 2018 5:10 am

Al-Awwad approves executive bylaw for electronic publication

The Minister of Culture and Information Dr. Awwad Al-Awwad has approved the executive bylaw for electronic publication of all kinds and forms, Saudi Press Agency (SPA) reported Thursday. The executive bylaw comprises 17 articles specifying mechanisms for electronic publication activities of all...

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Business & Money | Friday 27 April, 2018 4:09 am

Saudi Arabia has lion’s share of regional philanthropy

Nearly three quarters of philanthropic foundations in the Middle East are concentrated in Saudi Arabia, according to a new report. The study, conducted by researchers at Harvard Kennedy School’s Hauser Institute with funding from Swiss bank UBS, also found that resources were highly...

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Business & Money | Friday 27 April, 2018 3:38 am

Sultan Al Qasimi Donates USD 1 Million to Fuel Outstanding Humanitarian Efforts of Malaysia’s Dignity 
for Children Foundation

His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah has donated USD 1 million to the Children for Dignity Foundation from Malaysia to fuel their on-going efforts to offer educational and support services to the marginalised and displaced...

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Business & Money | Thursday 26 April, 2018 2:52 pm

Abu Dhabi Commercial Bank Pjsc ,Reports First Quarter 2018 Net Profit of Aed 1.207 Billion

Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the first quarter of 2018 (“Q1’18”).   Financial highlights (31 March 2018)       Robust underlying...

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Business & Money | Thursday 26 April, 2018 12:42 pm

General Authority for Zakat and Tax publishes a VAT import/export guide

The General Authority for Zakat and Tax (GAZT) published a helpful guide on its treatment of imported and exported goods and services subject to Value Added Tax (VAT) under the GCC Unified VAT Agreement and VAT Law and Implementing Regulations.   The guide, which covers all VAT articles...

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Business & Money | Thursday 26 April, 2018 12:38 pm

News Services Group Officially Announces the Rebranding of ME NewsWire to AETOSWire

News Services Group (NSG) officially announces the rebranding of its news distribution arm ME NewsWire to AETOSWire. Tony AbiHanna, President and CEO of NSG, AETOSWire and Esmaa News, explained the reason behind this timely move: “In 10 years, we have grown exponentially as a...

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Business & Money | Thursday 26 April, 2018 4:19 am

Dubai’s Future Blockchain Summit to host global innovators and transformative startups as industry grows to $9.7 billion by 2021

Future Blockchain Summit today announced that the event will host the Global Blockchain Startups Marketplace at its inaugural edition from May 2-3, 2018 at Dubai World Trade Centre.  The event, hosted by the Smart Dubai Office and organised by Dubai World Trade Centre, is slated to...

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Business & Money | Thursday 26 April, 2018 3:25 am

Pace of Saudi Arabia’s private sector sell-off accelerates

Saudi Arabia’s ports, hospitals, desalination plants, schools, and even its sports clubs, are among the candidates for early transfer to the private sector in a program that the government hopes will generate up to SR40 billion ($10.6 billion) in revenue over the next two years. The National ...

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Business & Money | Wednesday 25 April, 2018 2:39 pm

Al Naboodah Group Enterprises announces new Harley-Davidson® dealership in Ras Al Khaimah

Al Naboodah Group Enterprises (ANGE) has announced another Harley-Davidson® dealership will open tomorrow in the UAE. The new dealership is in Ras Al Khaimah and is ANGE’s second in the Northern Emirates following the very successful launch of its Sharjah showroom in June 2017. The new ...

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Business & Money | Wednesday 25 April, 2018 2:17 pm

Bidaya Home Finance successfully closes on its inaugural Sukuk Issuance

Bidaya Home Finance “Bidaya” has successfully closed on its inaugural Sukuk issuance under the recently established SAR 500 Million Sukuk Issuance Programme. The total amount raised in relation to the Series 1 Sukuk was SAR 250 Million; closing in April 2018.   “This is ...

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