Business & Money | Saturday 3 February, 2018 5:38 pm

Alinma Bank records SR2b net profit in ‘17

ALINMA Bank has announced net income at SR2,011 million for the year ended 2017 compared to the SR1,502 million it earned in 2016, an increase of 34%. For the bank’s fourth fiscal quarter it achieved net income of SR560 million compared to the SR390 million earned during the corresponding...

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Business & Money | Saturday 3 February, 2018 12:45 am

entourage wins Best Emerging Creative Communications Agency award

entourage, the region’s leading live communication agency, has been recognized as the Best Emerging Creative Communications Agency in Dubai at the recent UAE Business Awards, organized by the British MEA Markets magazine, a reputed Middle East and Africa magazine that reports major...

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Business & Money | Friday 2 February, 2018 4:08 am

Project to employ 10,000 young men, women launched in Riyadh

Riyadh Gov. Prince Faisal bin Bandar launched a project on Wednesday to provide 10,000 jobs for young men and women in the capital and give self-help loans totaling SR11 million ($2.9 million) to unemployed youths. Prince Mohammed bin Abdulrahman bin Abdul Aziz, deputy governor of the Riyadh...

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Business & Money | Friday 2 February, 2018 12:13 am

Leviton Opens New Data Centre Factory

Leviton opened its new Data Centre Factory at its Glenrothes, Scotland, facility. The Data Centre Factory provides data centre managers with bespoke network infrastructure products, including pre-terminated cabling and cassette solutions, with rapid delivery.   ‘Field terminations...

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Business & Money | Thursday 1 February, 2018 5:59 pm

SHUAA Capital reinforces its position as most active Market Maker and Liquidity Provider in UAE following DEPA appointment

Following the recent appointment of SHUAA Capital International Ltd (SCIL) a subsidiary of SHUAA Capital (SHUAA) as Liquidity Provider by Depa Limited (“Depa”), the leading global interior solutions group, SHUAA further strengthens its position as UAE’s most active and experienced ...

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Business & Money | Thursday 1 February, 2018 5:50 pm

City Properties Introduces Cityflex Home Ownership Plan to UAE Housing Market

In an effort to make home-ownership easily accessible to both investors and end users, City Properties, the property development arm of City Tower Real Estate, hosted leading real estate agencies in the UAE for an exclusive event yesterday. The event introduced the...

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Business & Money | Thursday 1 February, 2018 5:47 pm

Bahri continues strong start to 2018 with addition of second VLCC for this year

Continuing its strong start to 2018, Bahri, a global leader in transportation and logistics, today accepted the delivery of ‘Lawhah’, a Very Large Crude-oil Carrier (VLCC), to further cement its market-dominant position in crude oil transportation. The vessel, which lifts the total...

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Business & Money | Thursday 1 February, 2018 3:09 am

Over 100,000 Saudi women apply for 140 passport control jobs

Saudi women are eager to work in the country’s passport offices, as unprecedented numbers applied for jobs advertised by the General Directorate of Passports (GDP). On Jan. 18, the directorate announced via Twitter that it was looking for female Saudi nationals to fill 140 jobs at...

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Business & Money | Thursday 1 February, 2018 2:15 am

Egypt is developing a plan to import basic commodities

Dr. Sahar Nasr, Minister of Investment and International Cooperation, confirmed the provision of $ 3 billion in funding from the International Islamic Trade Finance Corporation (ITFC) to finance the import of commodities for the benefit of the Government of the Arab Republic of...

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Business & Money | Wednesday 31 January, 2018 1:56 pm

Engineer, Saleh Al-Sulami inaugurates the Saudi Plastic, Petrochemical, Printing and Packaging Exhibition

On behalf of His Excellency Eng. Khalid Bin Abdulaziz Al-Falih, the Deputy Minister of the Ministry of Energy, Industry and Mineral Resources (MEIM) Engineer, Saleh Al-Sulami, representative of the Ministry, inaugurated the 15th edition of the Saudi Exhibition for Printing and Packaging 2018 and...

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