Business & Money | Friday 13 November, 2020 6:24 am

SALAMA’s net profit for first 9 months surges 392% to AED 137.06m

SALAMA has continued to build on the strong progress made in H1 2020, in particular delivering significant growth in underlying net profit, with the first nine months of 2020 more than doubling to AED 73.69m (YTD 2019: AED 34.99m). This growth, which sees SALAMA further deliver on the Board’s...

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Business & Money | Friday 13 November, 2020 3:34 am

Saudi Arabia Signs Agreement with United States to Implement Multi-sector Joint Program in Cox's Bazar

The Kingdom of Saudi Arabia signed virtually an agreement with the United States of America to implement a multi-sector joint program in Cox's Bazar District of the Republic of Bangladesh through the implementing partner World Food Program, with the aim of rehabilitating multi-use homes, with a...

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Business & Money | Thursday 12 November, 2020 5:35 pm

G20 Finance Ministers and Central Bank Governors Convene For an Extraordinary Meeting Under The Saudi G20 Presidency

The G20 Finance Ministers and Central Bank Governors (FMCBGs) will meet under the Saudi Presidency on Friday November 13, 2020, to discuss the “Common Framework for Debt Treatments beyond the DSSI”. This FMCBG meeting will be chaired by Mr. Mohammed Aljadaan, Saudi Minister of Finance, and ...

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Business & Money | Thursday 12 November, 2020 2:04 pm

DAMAC Properties reports revenue of AED3.7 billion and net loss of AED 931 million for 9M 2020

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company") announced financial results for the first nine months of 2020. Total revenue stood at AED 3.7 billion vs AED 2.8 billion in 9M 2019. Booked sales for the period stood at AED 1.6 billion vs AED 2.4 billion for the similar...

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Business & Money | Thursday 12 November, 2020 12:41 pm

Virtual Global Symposium on Health hosted by Mohammed bin Rashid School of Government Continues

Education, health security, and reimagining research were three of the key topics covered in the initial sessions of the sixth Global Symposium on Health Systems Research (HSR2020), which opened on Sunday.  Running throughout the week, HSR2020 is being hosted by the Mohammed bin Rashid...

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Business & Money | Thursday 12 November, 2020 6:06 am

King Abdullah International Medical Research Center Deploys Oracle Cloud Infrastructure To Run Vital COVID-19 Research

Saudi Arabia’s King Abdullah International Medical Research Center (KAIMRC), one of the leading biomedical and clinical research institutions has chosen Oracle Cloud Infrastructure to provide high performance computing (HPC) to power its complex research into a potential treatment for COVID-19...

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Business & Money | Thursday 12 November, 2020 4:37 am

UAE Federal Tax Authority conducts its second virtual workshop for 225 tax agents on tax treatment of e-commerce

The Federal Tax Authority(“FTA”) confirmed that several general Value Added Tax (VAT) rules apply to e-commerce transactions, in addition to a number of special VAT rules specifically applied to e-commerce transactions. The FTA outlined that e-commerce generally refers to the supplies of goods...

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Business & Money | Wednesday 11 November, 2020 2:45 pm

The Middle East Organic and Natural Products Expo is Back For the 18th Edition

  Held at the Dubai World Trade Centre from December 15th - 17th, the Expo will bring the best of global and local F&B, beauty, plant-based and health products. The Middle East Organic and Natural Products Expo is back for its 18th edition, held from December 15th to 17th at the...

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Business & Money | Wednesday 11 November, 2020 10:26 am

It Represents The Strongest Growth Momentum Among The Major Global Oems Realme Exceeds The Barrier Of 50 Million Users, To Be Ranked Seventh In The World

realme, a young and trendsetting technology company, has just been named by Counterpoint's Q3 2020 smartphone shipment report to be the fastest growing brand to reach the 50 million smartphone sales milestone. Channeling the energy of youths and young professionals, who form the bulk of its fans...

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Business & Money | Wednesday 11 November, 2020 9:12 am

The 15th Edition of ArabPlast is scheduled next November 2021 at Dubai World Trade Centre

 ArabPlast, Middle East’s Premium International Trade Fair for Plastics, Petrochemicals, Packaging & Rubber Industry will attract global industry players with an aim to reinforce brand image & forge international alliances.  Reigning supremely in the region for over 2...

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