Business & Money | Thursday 20 August, 2020 3:25 am

PIF Launches ROSHN, a New Company Aimed at Developing World-Class Urban Communities

The Public Investment Fund (PIF) announced today the launch of ROSHN (“the Company”), a national champion that will develop world-class integrated urban communities across Saudi Arabia.  Through its mandate of developing integrated communities that follow leading international...

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Business & Money | Wednesday 19 August, 2020 9:28 pm

Expo 2020 Dubai unveils new round of social entrepreneurs helping communities around the world

 Expo Live completes Cycle Five of its Innovation Impact Grant Programme (IIGP)23 new Global Innovators selected from 4,000-plus applicants across 170 countriesProgramme demonstrates Expo’s strong commitment to social entrepreneurship An Australian organisation providing work...

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Business & Money | Wednesday 19 August, 2020 2:38 pm

Almarai and National Geographic Abu Dhabi Launch the 10th Edition of "Moments 2020" Competition

Almarai and National Geographic Abu Dhabi launched the 10th edition of the Moments photography competition. The competition aims to support and sponsor the talents of Arab photographers by encouraging them to express their abilities through an artistic platform. As one of the most popular...

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Business & Money | Wednesday 19 August, 2020 2:04 pm

Visa study finds 94% of small businesses and 90% of consumers in UAE have adopted new behaviors amid COVID-19

Visa, the world’s leader in digital payments, published its global Back to Business study[1] assessing the dramatic shift to digital commerce in response to the pandemic, driven largely by changing consumer expectations for a safe and touchless payment moment.  As small and...

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Business & Money | Wednesday 19 August, 2020 10:45 am

Majid Al Futtaim H1 2020 Financial Results: Diversified Portfolio Demonstrates Resilience Amid COVID-19

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today announced its audit reviewed operational and financial results for the first six months of the year. Large-scale business disruption, combined with a much more...

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Business & Money | Wednesday 19 August, 2020 10:39 am

Shaker Group achieves net profit for 1H 2020; Strong sales drove revenue growth of 8.4%

Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the 6-month period ended 30 June 2020.  Revenue of SAR ...

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Business & Money | Wednesday 19 August, 2020 10:33 am

Federal Youth Authority Launches ‘Youth Councils Manual’ in Collaboration with Ernst & Young Middle East North Africa (EY)

The Youth Council at EY MENA launched an initiative to develop the Federal Youth Authority’s (FYA) ‘Youth Councils Manual’, which provides an overview of the opportunities and benefits Youth Councils offer their members. The Manual additionally outlines the extensive network of Youth...

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Business & Money | Wednesday 19 August, 2020 10:17 am

Long-Life Milk: From Farm to Table

Milk is undoubtedly a staple for many consumers given the nutrients that it naturally contains, which include high levels of calcium, phosphorous and potassium - substances that are essential for building strong bones and teeth. In addition, milk contains high-quality proteins necessary to build...

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Business & Money | Wednesday 19 August, 2020 1:32 am

SAMA Releases First Quarterly Report of Insurance Sector Performance for 2020

The Saudi Arabian Monetary Authority (SAMA) is pleased to release its first quarterly report of the insurance sector for the year 2020. SAMA intends to release the aforementioned report annually. Simultaneously, SAMA shall continue publishing the key performance indicators of the sector at a...

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Business & Money | Tuesday 18 August, 2020 4:28 pm

ARCAPITA EXITS HEALTHCARE INVESTMENT

Arcapita and Mumtalakat consortium exits stake in NAS Neuron Health Services The successful investment has exceeded target returns over a three-year holding period Arcapita Group Holdings (“Arcapita”), the global alternative investments firm, and Bahrain Mumtalakat Holding Company...

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