Business & Money | Sunday 18 December, 2022 3:29 pm

S&P Global Assigns 'A-' Rating to Saudi Re with a Stable Outlook

S&P highlighted that Saudi Re has continued to strengthen its competitive position.Company maintains capital adequacy above the 'AAA' level in S&P’s model.Planned capital increase issue in early 2023 will support Saudi Re’s growth plans.Saudi Re specializes in treaty, facultative...

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Business & Money | Friday 16 December, 2022 2:37 pm

Azizi Developments excels in Emiratisation efforts

The developer is hiring over 64 Emirati nationals across key departments  Azizi Developments, a leading private developer in the UAE, has hired 24 Emiratis across key departments, with plans to hire approximately 40 more in the coming weeks, following the latest Emiratisation law and the...

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Business & Money | Friday 16 December, 2022 2:31 pm

UK and Dubai International Financial Centre joint statement on deepening data partnership

DIFC is the first financial centre in the MEASA region to engage with the UK Government on an adequacy assessmentOn behalf of the UK Government and Dubai International Financial Centre (DIFC), the UK Minister of State for Media, Data and Digital Infrastructure, Julia Lopez MP,...

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Business & Money | Friday 16 December, 2022 8:05 am

Juma Al Majid Est marks four-decade partnership with CEO of Hyundai Motor Company

CEO Mr. Jae-Hoon ‘Jay’ Chang from Seoul visited the Hyundai and Genesis showroom in Dubai Juma Al Majid Est, the exclusive distributors for Hyundai and Genesis in the UAE, was delighted to host the presence of Hyundai Motor Company President and CEO Mr. Jae-Hoon ‘Jay’ Chang this...

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Business & Money | Thursday 15 December, 2022 4:36 pm

SRMG Academy Launches to Nurture Emerging Media Talent

SRMG Academy will have the unique opportunity to host guest lecturers from the biggest names in journalism within its 30+ platforms and news organizations Courses will include writing, editing and beat reporting, digital storytelling, such as mobile journalism, podcasting, and social...

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Business & Money | Thursday 15 December, 2022 4:05 pm

Samsung, EROS Group inaugurate a newly-innovated experience store in Deira City Centre

Samsung Gulf Electronics in partnership with EROS Group, UAE's trusted retailer and distributor for consumer electronics for over 50 years, has opened its renovated Samsung branded store in Deira City Centre in Dubai. The new store design follows the new Samsung global store brands and comes...

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Business & Money | Thursday 15 December, 2022 2:53 pm

Shipsy Announces its First ESOP Buyback

Shipsy, a leading SaaS-based smart logistics management provider, recently announced its first ESOP buyback. The buyback was open to all existing, full-time employees of Shipsy who have completed at least one year of full-time employment. Shipsy's early-stage investors have already realised the...

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Business & Money | Wednesday 14 December, 2022 2:46 pm

DAMAC Group celebrates incredible 40-year transformation into one of the most iconic brands in the Middle East

The DAMAC story runs in tandem with the UAE’s success storyCompany now employs over 10,000 and touches the lives of hundreds of thousands of customersDAMAC has diversified its portfolio to include data centres, retail and fashion among othersOn the occasion of DAMAC Group’s 40th anniversary,...

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Business & Money | Wednesday 14 December, 2022 1:58 pm

The Saudi Tadawul Group signs Memorandum of Understanding with Boursa Kuwait

Partnership intends to bolster the growth of capital markets in Kuwait and Saudi Arabia  Boursa Kuwait signed a memorandum of understanding (MoU) with the Saudi Tadawul Group that aims to continue to build on the partnership and form the basis of cooperation between the two stock exchange ...

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Business & Money | Wednesday 14 December, 2022 1:33 pm

SAS Fortifies the Fight Against Money Laundering

It is believed that 2% to 5% of global GDP, or US$800 billion to US$2 trillion, is laundered annually, and this is a conservative estimate. Money laundering is often associated with illicit weapons sales, smuggling, embezzlement, insider trading, bribery, and computer fraud schemes. It is also...

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