Business & Money | Thursday 18 June, 2020 3:51 pm

Sharjah Islamic Bank successfully priced $500 million Sukuk

Sharjah Islamic Bank (SIB), one of the leading Islamic banks in the UAE, priced a $500 million (1.83 billion dirhams) long 5-year sukuk, with a profit rate of 2.85 per cent per annum, fetching it an A- rating by S&P. Some of the other achievements of the bank during the year include, expansion...

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Business & Money | Thursday 18 June, 2020 2:24 am

DHL Express Saudi Named Top Employer 2020 for 6th Consecutive Year

DHL Express Saudi has been recognized as Top Employer 2020 by the Top Employer Institute for the sixth consecutive year, following strong performance in the areas across multiple HR practices including Leadership Development, Learning & Development and Culture, and Talent Strategy. DHL Express...

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Business & Money | Wednesday 17 June, 2020 4:39 pm

ENOC Group records 12 million cashless transactions in the UAE

ENOC Group has recorded 12 million cashless transactions in the first five months of this year, in a move towards encouraging cashless payments, one of the key pillars of the UAE Vision 2021, and in line with the directives issued by the UAE Government to maintain precautionary measures in the...

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Business & Money | Wednesday 17 June, 2020 1:20 pm

Aramco Completes its Acquisition of a 70% Stake in SABIC from the Public Investment Fund

Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1...

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Business & Money | Wednesday 17 June, 2020 1:04 pm

Amazon Launches Amazon.sa

Amazon today announced the launch of Amazon.sa, a dedicated store for customers in Saudi Arabia that features millions of products from both local and international businesses, including products from Amazon US. Customers shopping on Amazon.sa will enjoy great prices and fast delivery across 34...

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Business & Money | Wednesday 17 June, 2020 11:21 am

YORK’s “Hospitals Initiative” Helps 21 Hospitals Fight COVID-19

Al Salem Johnson Controls (YORK), a pioneer in the heating, ventilation, air-conditioning and refrigeration (HVACR) sector, has launched the “YORK Hospitals Initiative” for maintenance work, last March, in cooperation with the Ministry of Health, to support the Healthcare Sector in facing the...

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Business & Money | Wednesday 17 June, 2020 2:39 am

Policy continuity the key for G20's think tank engagement group

Highlighting the importance of continuity in policies, the chair of the a think tank Dr. Fahad Al-Turki said the T20 will assess new challenges and will provide recommendations based on facts. Al-Turki, who is vice president of research at the King Abdullah Petroleum Studies and Research...

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Business & Money | Wednesday 17 June, 2020 2:18 am

ADDED launches “Monitoring and Inspection through Bicycles” initiative to economic facilities

 The Abu Dhabi Department of Economic Development (ADDED) has launched a foot patrol initiative to monitor and inspect the economic facilities in the emirate of Abu Dhabi through bicycles equipped with all the requirements of inspectors. This move aims at accelerating awareness-raising and...

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Business & Money | Tuesday 16 June, 2020 3:01 pm

Nakheel Mall brings Ripe Retail Pop-Up to Palm Jumeirah every weekend from now until October

Nakheel Mall is hosting a Ripe Retail Pop-Up every weekend from now until 24 October, bringing together up to 20 home-grown small businesses for a boutique market on Palm Jumeirah. Ripe at Nakheel Mall is on every Friday and Saturday from 19 June, with a diverse collection of fashion, art,...

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Business & Money | Tuesday 16 June, 2020 2:56 pm

Truebell adapting to the latest retail and food trends as a result of COVID-19

UAE-headquartered Truebell, a leading GCC importer of fast-moving consumer goods (FMCG), is expanding its existing portfolio of products as a result of a host of emerging consumer trends as a result of the COVID-19 outbreak. Despite the company being impacted as a result of restaurants...

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