Business & Money | Friday 1 May, 2020 9:19 am

Mastercard Study Shows Consumers in Kingdom of Saudi Arabia Make the Move to Contactless Payment for Everyday Purchases

During March, as many countries in the Middle East imposed necessary restrictions on social distancing, a majority of consumers turned to contactless payments for necessary purchases.65 percent of respondents in Saudi Arabia say they are now using contactless payments, citing safety and cleanliness ...

More Details

Business & Money | Thursday 30 April, 2020 2:50 pm

AXA GULF REAFFIRMS ITS COMMITMENT TO GCC CUSTOMERS AMIDST PANDEMIC

AXA Gulf, one of the largest international insurers in the GCC, has announced a variety of measures to ensure the well-being of its policy holders in these unprecedented times.  AXA understands that new ways of working require new ways of protection, so it has revised its product...

More Details

Business & Money | Thursday 30 April, 2020 2:26 pm

MARSH HIGHLIGHTS KEY CONSIDERATIONS FOR PROPERTY INSURANCE POLICIES DURING COVID-19

  According to a new report by Marsh, the world’s leading insurance broker and risk adviser, evaluating property insurance policies during the outbreak of COVID-19 will allow businesses to upscale their resilience and recovery opportunities; putting them ahead of their competitors when...

More Details

Business & Money | Thursday 30 April, 2020 12:10 pm

MHPS Announces New Company Name “Mitsubishi Power”

Mitsubishi Hitachi Power Systems, Ltd. (MHPS), a part of Mitsubishi Heavy Industries (MHI) Group, today announced its new company name, Mitsubishi Power, and will also adopt a new corporate brand logo. Under its new name, Mitsubishi Power will work to enhance its reputation around...

More Details

Business & Money | Thursday 30 April, 2020 9:02 am

Saudi-US Business Council, (B20) group conclude meeting on impact of Covid-19 disease on international business community

The Saudi-US Business Council and the Saudi Business Group (B20) concluded an open virtual meeting on the impact of Covid-19 disease on the international business community, highlighting the necessary measures to ensure that global markets operate efficiently during future...

More Details

Business & Money | Thursday 30 April, 2020 1:35 am

The Red Sea Development Company Identifies Optimum Location of Overwater Assets

Saudi Arabia, Riyadh (Date 29 April 2020): The Red Sea Development Company (TRSDC), the developer behind one of the world’s most ambitious tourism projects, has shared details of an activity to identify the location of its overwater assets around four key islands at the destination. This...

More Details

Business & Money | Thursday 30 April, 2020 1:32 am

RTA reopens customer happiness, service provider centres starting Thursday

Dubai’s Roads and Transport Authority (RTA) is reopening three customer happiness centres at Umm Al Ramoul, Deira and Al Barsha, as well as 21 service provider centres, starting from Thursday 30 April 2020.  Meanwhile, RTA will maintain full preventive health measures including the...

More Details

Business & Money | Wednesday 29 April, 2020 3:38 pm

Apicorp Announces Usd 500 Million To Member Countries In Covid-19 Recovery Support

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced today that it has launched a USD 500 million countercyclical support package aimed at supporting its clients in Member Countries and the region in the energy sector mitigate the...

More Details

Business & Money | Wednesday 29 April, 2020 2:27 pm

Empower initiates a program to take care of its employees during the challenging situation

As part of the strategy to support its employees during challenging situations, the Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, launched an initiative that includes an integrated food distribution program for the staff serving in...

More Details

Business & Money | Wednesday 29 April, 2020 2:16 pm

Saudi Arabia posts SR34 billion deficit in Q1 2020

Saudi Arabia's budget deficit in the first quarter of 2020 stood at SR34.107 billion ($9.07 billion), according to a report released by the finance ministry early Wednesday.According to the figures in the report, the Kingdom recorded total revenues worth SR192.072 billion ($51.219 billion) in the...

More Details