Business & Money | Thursday 27 October, 2022 8:20 am

Launch of Marbella clusters add new Mediterranean flavour to DAMAC Lagoons

 Launch of Marbella cluster adds new Mediterranean flavour to DAMAC Lagoons   New cluster amplifies a quintessential Mediterranean lifestyleWater-inspired master development makes vacation a part of everyday lifeNew space will offer a range of unique amenities including a...

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Business & Money | Wednesday 26 October, 2022 3:53 pm

RAKEZ ties up with Mamo to expand clients’ access to the latest digital payment solutions

Ras Al Khaimah Economic Zone (RAKEZ) partnered with Mamo, a UAE-based fintech company, to provide RAKEZ clients access to the latest innovative digital payment solutions, offering them complete ease and comfort while managing their financial transactions, and selling their products and services...

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Business & Money | Wednesday 26 October, 2022 3:33 pm

Azizi Developments extends its collaboration with Schneider to source wiring accessories for Phase 3 of Riviera

Azizi Developments, a leading private developer in the UAE, has extended its partnership with Schneider to source premium sockets and switches for Phase 3 of its mega-project, Riviera, located in MBR City. Schneider is globally renowned for its sustainable and efficient products and...

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Business & Money | Wednesday 26 October, 2022 8:20 am

CANON MIDDLE EAST RECEIVES THE DUBAI CHAMBER ADVANCED CSR LABEL CERTIFICATE FOR THE 3RD TIME

Canon Middle East, (CME), the leading provider of imaging technologies has been awarded the Dubai Chamber of Commerce Advanced CSR Label certificate for the 3rd time, marking the 10th time that it has won a prestigious Dubai Chamber of Commerce CSR award. The award was presented by Mr. Hassan Al...

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Business & Money | Tuesday 25 October, 2022 5:48 pm

Saudia Dairy and Foodstuff Co. report: Strong Q2 Financial Results

Saudia Dairy and Foodstuff Co. (SADAFCO), the leader in the UHT (long life) milk market in the Kingdom of Saudi Arabia reported strong financial results for the second quarter of the financial year 2022/23. SADAFCO reported a significantly higher net profit of 12.4 percent compared to...

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Business & Money | Tuesday 25 October, 2022 4:11 pm

AHS Properties adds two projects to its portfolio. Company’s Gross Development Value crosses USD $550 million in just over 12 months

World renowned architect Shaun Killa to design the projects Interior designs by Hirsch Bedner Associates and 1508 London   Low rise buildings to comprise 25 penthouses and sky villasIn less than a year after Emirati entrepreneur Abbas Sajwani launched his uber-luxury real estate...

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Business & Money | Tuesday 25 October, 2022 2:52 pm

Dubai Islamic Bank Nine Months 2022 Group Financial Results

Significant increase in profitability of 34% YoY to reach to AED 4.1 billion, highest ever nine-month performance in history.Considerable rise in total income by 10% YoY to AED 10 billion.Improving impairment provision coverage to 76% (up 400 bps YTD) exhibiting DIB’s prudent risk...

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Business & Money | Tuesday 25 October, 2022 2:49 pm

ARABIAN CENTRES’ BOARD APPROVES SAR 2 BILLION NON-CORE LAND SALE PROGRAMME

Sale of 17,733 sqm of land, located in the Olaya district in Riyadh, is the first asset to be sold off as part of the programmeCompany will sell land for a total price of ~SAR230.5 millionThe sale is part of the company’s Board of Directors’ approved programme for the sale of non-core land...

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Business & Money | Tuesday 25 October, 2022 8:05 am

NBB Collaborates with Mastercard to Launch 100% Recycled Cards

The National Bank of Bahrain (NBB) has recently announced its shift to 100% recycled plastic cards in partnership with Mastercard. This long-term initiative is part of the bank’s ongoing efforts to embed environmental sustainability within its daily operations. In addition to the bank’s...

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Business & Money | Monday 24 October, 2022 5:53 pm

Third Saudi-Spanish Joint Committee concludes with renewed focus on economic cooperation and knowledge transfers

The third Saudi-Spanish Joint Committee (SSJC) concluded in Madrid with a renewed emphasis on strengthening bilateral economic cooperation and enhancing knowledge transfers between both nations.  The Saudi delegation’s visit to Spain included the third meeting of the SSJC, the...

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