Business & Money | Friday 2 August, 2019 2:00 am

SAGIA Signs US$200 million MoU With UNIBIO and Local Partner EDHAFAT

SAGIA announced today that it has signed a memorandum of understanding with Denmark-based biotechnology firm Unibio, along with its local Saudi Arabian partner Edhafat, worth US$200 million. As part of the MoU, Unibio has committed to commence development of a facility in Saudi Arabia that will...

More Details

Business & Money | Thursday 1 August, 2019 2:03 pm

National Identification Number enrolment centre opens for Nigerians residing in the Kingdom of Saudi Arabia

  VFS Global launches centre in Jeddah city on 29 July 2019 for the convenience of Nigerians residing in the Kingdom of Saudi Arabia  Another centre scheduled to open in the capital city of Riyadh in the near future    As part of the endeavour to support the...

More Details

Business & Money | Thursday 1 August, 2019 1:24 pm

ENBD REIT announces Q1 NAV of USD 255 million; active leasing strategy protects occupancy

      ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its Net Asset Value for its first quarter ended 30th June 2019. ENBD REIT’s NAV ...

More Details

Business & Money | Thursday 1 August, 2019 11:37 am

Ideal Standard’s ‘Modern Classic’ design trend

blends authentic styling and craftsmanship   Complemented by the most seamless, innovative experience, Ideal Standard, one of the leading providers of innovative bathroom solutions operating across Europe, Middle East and Africa offers its customers the flexibility to create their own...

More Details

Business & Money | Thursday 1 August, 2019 11:19 am

Dubai Investments reports 17% increase in second quarter profits

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, reported profit of AED 151 million for the second quarter of 2019, an increase of 17% when compared to the same period last year.   Profit for the first six months of the...

More Details

Business & Money | Thursday 1 August, 2019 11:18 am

FIDU PROPERTIES DRIVES INTERNATIONAL INVOLVEMENT IN THE UAE MARKET

  WITH A SPREAD OF ROADSHOWS ACROSS THE MIDDLE EAST, AFRICA AND ASIA FIDU properties, the Chinese real estate brokerage company, is set to execute numerous international roadshows across the globe in the second quarter of the 2019 calendar year, with India, China, Egypt and Lebanon being ...

More Details

Business & Money | Thursday 1 August, 2019 7:52 am

Housing Bank total income increased by 2.3% to reach JD179.9m in first half

The Housing Bank for Trade and Finance, the most widespread bank in the Kingdom, reported a total income of JD179.9 million from the beginning of the year to June 30, 2019 — a 2.3 per cent increase over the JD175.9 million reported last year during the same period.  Net interest and...

More Details

Business & Money | Thursday 1 August, 2019 7:28 am

Arab Potash reports 48% revenue growth in first half of year

The Arab Potash Company (APC) has announced that its net profit after taxes, provisions and royalties amounted to JD78.2 million during the first six months of 2019, recording an increase of 48 per cent from the JD52.7 million generated during the same period last year. In a statement on...

More Details

Business & Money | Thursday 1 August, 2019 7:16 am

Royal Jordanian CEO says first half results show significant improvement in performance indicators

For the first time since 2007, Royal Jordanian (RJ) registered JD3.4 million profit from continuing operations in the first half of 2019 against JD11.1 million loss for the same period in 2018 and a net profit of JD1.5 million, according to RJ CEO Stefan Pichler. During a press conference held...

More Details

Business & Money | Thursday 1 August, 2019 1:30 am

NCB achieved SAR 6.2 billion net income for the First Half of 2019,

The National Commercial Bank announced that its net income before calculating Zakat and income tax for the first half of 2019 reached SAR 6,239 million compared to SAR 5,653 million for the same period of the previous year, with an increase of SAR 585 million and a growth of 10.4%. Moreover,...

More Details