Business & Money | Monday 16 March, 2020 12:27 pm

ADDED issues circular to licensed company owners on committing to commodities’ fixed prices

The Abu Dhabi Department of Economic Development (ADDED) has issued a circular to licensed companies’ owners on maintaining the standard market price of goods and products while banning unjustified price hike. The circular was issued in accordance with the provisions of Federal Law No. 24 of...

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Business & Money | Monday 16 March, 2020 12:11 pm

Kingdom’s government decides to suspend attendance at workplaces in all government agencies for period of (16) days

An official source at the Ministry of Interior stated that in continuation of the preventive and precautionary measures recommended by the competent health authorities in the Kingdom of Saudi Arabia; as part of its determined efforts to control the Novel Coronavirus (Covid 19); Based on the...

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Business & Money | Monday 16 March, 2020 11:05 am

Saudi Arabia suspends government work

Saudi Arabia has temporarily suspended government work and ordered public-sector workers to stay home for 16 days in the Kingdom’s latest measures against the spread of coronavirus. Only those working in health, security and the military are exempted from the decision to stop people...

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Business & Money | Monday 16 March, 2020 5:36 am

International Maritime Industries Company goes live with IFS Applications 10 and positions itself for upcoming core business processes rollout

IFS, the global enterprise applications company, announces that International Maritime Industries Company (IMI), a landmark joint venture between Saudi Aramco, Lamprell, Bahri, and Hyundai Heavy Industries, has concluded the first deployment of IFS Applications™ to...

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Business & Money | Monday 16 March, 2020 3:32 am

Bayt.com Introduces Free Job Postings to Support Recruitment Activities without Physical Contact 

Bayt.com, the Middle East's #1 job site, introduced free job postings for employers across the region in effort to counter potential economic repercussions of Coronavirus outbreak, to increase the visibility of online work opportunities, and to push the hiring process across the region...

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Business & Money | Monday 16 March, 2020 3:25 am

Mobil 1 Initiative for the students of Dar Al-Hekma University in Jeddah

As part of its strategic agreement and cooperation with Dar Al-Hekma University, the Arabian Petroleum Supply Company (APSCO) conducted a training and simulating initiative on the "Basics of Car Maintenance" for the University students to identify the ideal ways to change the engine oil...

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Business & Money | Monday 16 March, 2020 1:20 am

Takeda Named Top Employer In the UAE, Saudi Arabia and Egypt for the first time

Takeda Pharmaceutical Company Limited [TSE: 4502 / NYSE: TAK], (“Takeda”) today announced it has become part of a select group to receive global Top Employer. In ICMEA, the Top Employer certification went for the third time running to Takeda entities in Turkey, Ukraine, and...

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Business & Money | Sunday 15 March, 2020 4:18 pm

Snapchat launches first-of-its-kind Lens Web Builder for businesses

Snap Inc. has announced the launch of a breakthrough new product – Lens Web Builder. Snapchat’s Lens Web Builder makes it easy for anyone to build compelling, professional augmented reality (AR) Lenses in minutes, enabling businesses to bring their brands to life in a way that is...

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Business & Money | Sunday 15 March, 2020 4:11 pm

Armela Farms Brings a Simply Fresh Perspective to the United Arab Emirates

Armela Farms is the leading expert in hydroponic farming and largest producer of water-grown lettuce in the United Arab Emirates, with a current production capacity of 1.6 million lettuce heads – the equivalent of 330 tonnes per year. As an innovator in the large-scale commercial...

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Business & Money | Sunday 15 March, 2020 3:43 pm

Sidra Usd Mutajara Fund Distributes Q4 Dividends 
And Achieves 6% Distribution In 2019

Sidra Capital has announced the Q4 dividends for its CMA-licensed US Dollar Sidra Mutajara Fund with total returns amounting 6% in 2019. “Our USD 35 million Mutajara Fund invests mainly in trade finance contracts with the goal of generating sustainable, above benchmark returns. Offering...

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