Business & Money | Monday 29 July, 2019 1:11 pm

Saudi Arabia’s workforce is in need of new co-working spaces as economy diversifies and transforms

As Saudi Arabia’s economy continues to diversify and transform, its workplace needs are shifting. In line with global trends, the requirements of workplaces in the Kingdom have moved from long-term commitments in traditional office spaces to a more flexible, but sophisticated working...

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Business & Money | Monday 29 July, 2019 11:14 am

EY welcomes 20 new partners in the MENA region; first female Saudi partner appointed

EY announces the admission of 20 new partners to its service lines and industry sectors across the Middle East and North Africa (MENA) region, bringing the total number of partners in the MENA practice to 218. The number of females promoted to partner in 2019 has tripled from those announced in...

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Business & Money | Sunday 28 July, 2019 4:25 pm

Emirates NBD launches Scholar Plus Loan for higher education financing

Emirates NBD, one of the leading banks in the region has launched Scholar Plus Loan, a program for families seeking financial assistance for university education, either in the UAE or overseas. In line with the bank‘s commitment to developing the UAE’s human capital and making higher ...

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Business & Money | Sunday 28 July, 2019 1:20 pm

Home-grown Coffee Brand Reported Record Growth for First Half of 2019

Coffee Planet, the Middle East’s leading 100% Arabica, specialty coffee roaster, has announced its Dubai-based roastery’s bold expansion plans, to increase its current output in the next few weeks.   Located in the Jebel Ali Free Zone, the roastery’s expansion is a...

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Business & Money | Sunday 28 July, 2019 10:58 am

Groupe PSA bolsters its GCC operation with the appointment of Sridhar Govindarajan, Head of Quality & Training

As part of its on-going expansion in the GCC, Groupe PSA GCC has appointed Sridhar Govindarajan, as Head of Quality and Training.   Reporting directly to Peugeot’s Managing Director for the region, Rakesh Nair, Sridhar Govindarajan will oversee all aspects of customer care and...

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Business & Money | Sunday 28 July, 2019 9:56 am

Arab Bank Group first half 2019 profits grow by 4% to reach $453 million

Arab Bank Group announced its results for the first half of 2019 reporting a growth of 4% with net profit after tax reaching $453 million as compared to $436 million in 2018. Total loans increased by 3% to reach $26.2, and deposits increased by 3% to reach $34.1 billion. Group equity stood at $8.7...

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Business & Money | Sunday 28 July, 2019 9:55 am

Saudi Council of Engineers to collaborate with Huawei in training initiative

The Saudi Council of Engineers (SCE) has signed an Agreement with Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, to provide training courses for ICT engineers in the Kingdom.   The Agreement between SCE and Huawei...

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Business & Money | Sunday 28 July, 2019 9:48 am

Emicool receives two IDEA District Energy Awards marking 9thconsecutive year win

Emirates District Cooling LLC [Emicool] – a leading district cooling service provider in the region and a wholly owned subsidiary of Dubai Investments PJSC has been conferred with its 9th consecutive IDEA District Energy Awards in two categories. A bronze each has been won under the “No ...

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Business & Money | Saturday 27 July, 2019 8:39 pm

Arab Bank Group profits up 4pct in H1 at $453 million

The Arab Bank Group's profits in the first half of 2019 edged up by 4 percent indicating a net pre-tax profit of $453 million against $436 million in the same period in 2018.  In a statement released Saturday, the group said its loan portfolio inched up by 3 percent to $26.2 billion,...

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Business & Money | Thursday 25 July, 2019 12:39 pm

DUBAI SHOPPING MALLS GROUP SUPPORTS INCREASE IN SALES FOR THE RETAIL SECTOR DURING DUBAI SUMMER SURPRISES 2019

Further celebrating the Dubai Summer Surprises (DSS) season 2019, the very special “Shop, Win & Drive” campaign by Dubai Shopping Malls Group (DSMG) has registered a good season for all the participating malls with the last few days expected to be even better. Shoppers avail a...

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