Business & Money | Sunday 21 June, 2020 10:36 am

After supporting HEF, SADAFCO supports Jordan, Bahrain and Kuwait to encounter COVID-19

Saudia Dairy & Foodstuff Company (SADAFCO) is extending aid to countries across the Middle East. The aid, constituting contributions of money and foodstuffs is part of SADAFCO’s dedicated strategy to support COVID-19 relief efforts in the wake of devastating economic impact of the...

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Business & Money | Sunday 21 June, 2020 8:31 am

Amlak International: Share price range is set between SAR 15 and SAR 17

Amlak International and NCB Capital (“NCBC”), Financial Advisor, Bookrunner, Underwriter and Lead Manager for Amlak international’s IPO, announced that the price range of Amlak International’s offer shares has been set between SAR 15 and SAR 17.   The book building process...

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Business & Money | Sunday 21 June, 2020 5:39 am

Saudi sports' Centers, Halls to Return to Normalcy as of Sunday

The Ministry of Sports announced here today that all centers and halls will start their events and activities as of Sunday June 21, 2020.In a statement, the ministry reaffirmed importance of abiding and committing to the guiding directory of the special protocol related to the centers and halls...

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Business & Money | Saturday 20 June, 2020 6:38 pm

An Approval Issued to fully Lift the Curfew from 06 am on Sunday, Ban on Umrah, Visit, Int'l Flights to Continue

An official source, at the Ministry of Interior said that in furtherance to the statement issued on May 26 2020, corresponding to Shawwal 3 1441 H, and based on a report submitted by the pertinent health authorities over the precautionary measures taken by the Kingdom to combat Novel Coronavirus...

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Business & Money | Saturday 20 June, 2020 6:03 pm

Dubai Customs frontline heroes vow to continue selfless efforts

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council posted a video on his Instagram account expressing appreciation for the exceptional efforts of COVID-19 frontline workers. The message has raised the morals of Dubai...

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Business & Money | Saturday 20 June, 2020 5:59 pm

Imdaad extends a helping hand to Dubai Health Authority by providing disinfection services at Seniors’ Happiness Center

Underlining its commitment to supporting the needs of the local community, Isnaad, a subsidiary of Imdaad that provides a comprehensive range of Soft Facility Management with specialized cleaning services and highly-trained manpower supply, has carried out disinfection services at Dubai Health...

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Business & Money | Saturday 20 June, 2020 11:50 am

Saudi Arabia’s Absher initiative ends with five technical ideas

The sixth virtual session of the “Absher Youth” initiative was concluded in the presence of Prince Bandar bin Abdullah Al-Mishari, assistant minister of interior for technology affairs.The sixth session produced ideas for five initiatives, three of which aim to develop electronic services...

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Business & Money | Friday 19 June, 2020 3:16 am

Saudi Arabia ranks second in global competitiveness annual report for 2020

Saudi Gazette reportRIYADH — Saudi Arabia ranked second internationally in the consumer price index for 2020, making a quantum leap from the 38th rank in 2019 despite challenges resulting from the coronavirus pandemic, thanks to its low inflation rates, according to global competitiveness annual...

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Business & Money | Thursday 18 June, 2020 6:00 pm

Saudi Arabia's Public Investment Fund to invest Rs 11,367 crore in Jio Platforms

Reliance Industries and Jio Platforms on Thursday announced an investment of Rs 11,367 crore by Saudi Arabia's Public Investment Fund (PIF).This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. PIF's investment will...

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Business & Money | Thursday 18 June, 2020 4:53 pm

Shaker Group narrows Q1 losses

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 3-month period ended 31 March 2020.  Revenue of...

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