Business & Money | Wednesday 15 July, 2020 10:40 am

PEUGEOT Launches New Webstore for Customers in the GCC

Online sales platform will enable customers to buy new models and schedule valet test drives all from the comfort of home  PEUGEOT has launched a new online webstore for its customers in the region. The new portal will provide customers with a variety of options including buying a...

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Business & Money | Wednesday 15 July, 2020 10:36 am

Gulf Pharmaceutical Industries ‘Julphar’ rights issue oversubscribed by 2.3 times

Julphar launched AED 500 million rights issue at an offer price of AED 1 per share on 29th June 2020 Total bids received from existing rightsholders stood at AED 1.14 billion on application which closed on 12th July 2020Gulf Pharmaceutical Industries PSC (Julphar), one of the largest...

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Business & Money | Wednesday 15 July, 2020 10:24 am

LWK + PARTNERS designed the Crown Jewel of Emaar’s Downtown Dubai “Burj Crown”

The MENA Studio of Hong Kong-based practice LWK + PARTNERS has earlier this year completed the design package for the latest project “Burj Crown” by Emaar. The luxury residential development is the final addition to Dubai’s renowned Downtown Skyline. A unique urban residential...

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Business & Money | Wednesday 15 July, 2020 3:29 am

Michelin launches back to normal campaign in the Kingdom of Saudi Arabia

Michelin has announced important updates to its services and offers in the Kingdom of Saudi Arabia, announcing adoptions of rigorous safety protocols at its stores following government directives of safety regulations for COVID-19, as well as exciting offers and promotions for its...

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Business & Money | Tuesday 14 July, 2020 4:34 pm

Michelin launches back to normal campaign in the UAE

Michelin has announced important updates to its services and offers in the United Arab Emirates announcing adoptions of rigorous safety protocols at its stores following government directives of safety regulations for COVID-19, as well as exciting offers and promotions for its...

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Business & Money | Tuesday 14 July, 2020 3:30 pm

SRC organised panel on the purchase and securitisation of Sharia real estate portfolios on Murabaha concludes with formation of Shariah committee

Saudi Real Estate Refinance Company (SRC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), recently organised an Islamic Finance panel on Murabaha or cost-plus financing that discussed challenges and potential solutions for the current situation around the Murabaha...

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Business & Money | Tuesday 14 July, 2020 2:54 pm

9% of Business in Saudi Arabia using EDR were able to detect cyber-incidents in hours or less

More than a quarter (28%) of companies that have implemented an Endpoint Detection and Response (EDR) solution have been able to detect cyberattacks in just a few hours or even almost immediately after an incident happened. This is higher than the overall results, as on average only 9% of...

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Business & Money | Tuesday 14 July, 2020 1:09 pm

Rafeeg App enters the Commercial Building Maintenance Market

The first Emirati App, “Rafeeg” achieved great success by launching its new updates, which will add significant value to the platform’s existing services. The new feature called “Commercial Buildings Services” is in line with Abu Dhabi’s Government vision and municipality law issued...

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Business & Money | Tuesday 14 July, 2020 1:06 pm

KPMG: Saudi government's agility limits impact of Covid-19 pandemic 

The setting up of governing mechanisms under Saudi Arabia's Vision 2030 to promote intergovernmental collaboration was a big support to the swift response to limit the spread and economic repercussions of Covid-19 pandemic, according to Ismail Daham Alani, Head Government and Public Sector,...

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Business & Money | Tuesday 14 July, 2020 11:59 am

Tadawul Announces the Launch Date of the Saudi Derivatives Market and Index Futures

The Saudi Stock Exchange (Tadawul) announced today that the launch of exchange-traded derivatives will be on 30 August 2020. The first exchange-traded derivatives product is an index futures contract, the Saudi Futures 30 (SF30). This contract is based on the MSCI Tadawul 30 Index (MT30). The...

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