Business & Money | Monday 17 August, 2020 10:59 am

Amaala Strengthens Partnership With Saudi-based Company Hasco

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coast, has awarded the contract for excavation, backfilling, and earthworks to Duba-based startup, HASCO (Hasan Al-Harbi Corp.). As part of the contract, HASCO has deployed a team of 90 across Triple Bay Marina to...

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Business & Money | Monday 17 August, 2020 4:20 am

Signing a joint work program between Saudi Authority for Intellectual Property and the General Commission for Audiovisual Media for enforcement and respect for rights

In continuation of the Kingdom's efforts to enforce intellectual property rights and enhance its respect, the Saudi Authority for Intellectual Property signed a joint work program with the General Commission for Audiovisual Media  26 Dhu al-Hijjah 1441 AH( August 16, 2020 ).This comes to...

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Business & Money | Monday 17 August, 2020 4:11 am

Dubai's trade in medical sterilizers grows 23% to AED 70 million in H1

Dubai Customs reported a 23% growth in the value of Dubai's foreign trade of sterilizers and disinfectants, which reached AED 70 million during the first half of this year, compared to AED 56.8 million in the corresponding period last year. Last June saw the highest rise in sterilizers trade by 95% ...

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Business & Money | Sunday 16 August, 2020 3:56 pm

Saeed Mohammed Al Tayer witnesses the agreement by which Etihad ESCO will join Moro Hub’s newly launched state-of-the-art Smart Cities Command and Control Centre

His Excellency Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), witnessed the signing of an agreement between Etihad Energy Services Company (Etihad ESCO), a wholly-owned subsidiary of DEWA and Moro Hub (Data Integrated Solutions), a wholly-owned...

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Business & Money | Sunday 16 August, 2020 3:20 pm

Daman Board names Hamad Al Mehyas as CEO

The National Health Insurance Company – Daman’s Board of Directors today announced the confirmation of Hamad Al Mehyas as the company’s Chief Executive Officer. He led the company following a major reorganisation last year when he was promoted from Chief Commercial Officer – Abu Dhabi to...

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Business & Money | Sunday 16 August, 2020 12:15 pm

SADAFCO Announces Outstanding Quarterly Results

Saudia Dairy and Foodstuff Company (SADAFCO) has reported outstanding results for the first quarter (Q1) of 2020. Sales for the period, which ended on June 30, grew 16.5% year on year to reach SAR 566 million. Net profit increased 22% over Q1 2019 to reach SAR 70.5 million SADAFCO...

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Business & Money | Sunday 16 August, 2020 12:02 pm

SAVOLA Achieves strong net profit

Savola Group - a leading strategic investment holding group in the food and retail sectors across the MENA region (Middle East, North Africa) - announced its interim financial results for the 2nd Quarter and the period ended on 30-06-2020 (six months), which revealed that the net profit for the...

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Business & Money | Saturday 15 August, 2020 4:29 pm

Bahri inks agreement with Tabadul to implement Fasah Pay

In line with its efforts to accelerate digital transformation and facilitate electronic billing and payment processes, Bahri, a global leader in logistics and transportation, has signed an agreement with Tabadul for the implementation of Fasah Pay. One of a collection of electronic solutions...

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Business & Money | Friday 14 August, 2020 1:31 am

With 100 Days to the G20 Leaders’ Summit, Women 20 Group calls for Urgent Action on Women’s Economic Empowerment

As the 100-day countdown to the G20 Leaders’ Summit begins, the Women 20 (W20), an official Engagement Group of the G20, announced that it was intensifying its efforts calling on G20 leaders to put women’s economic empowerment at the center of the commitments they will make during the G20...

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Business & Money | Thursday 13 August, 2020 2:05 pm

State Street Expands Middle East Presence with New Office in Saudi Arabia

State Street Corporation (NYSE:STT) announced today the opening of its first Saudi Arabia office, State Street Saudi Arabia Financial Solutions Company (State Street Saudi Arabia), located in Riyadh. The firm’s new office in the Kingdom, providing both institutional services and asset management, ...

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