Business & Money | Wednesday 10 July, 2019 11:14 am

Aramco awards $18bn contracts to raise Marjan and Berri oilfields output capacity

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and ...

More Details

Business & Money | Wednesday 10 July, 2019 10:41 am

Collinson triples its investment in India to redefine the airport experience

Collinson, a global leader in customer benefits and loyalty, today announces a multi-million-dollar investment into India to fuel additional growth of Priority Pass™, its world-leading airport experiences programme. Priority Pass will double its lounge portfolio in India over the next three...

More Details

Business & Money | Wednesday 10 July, 2019 12:00 am

Corporate treasurers in EMEA are looking beyond their banks for innovation, according to Finastra

New research from Finastra has revealed that the market dominance of banks in the delivery of corporate treasury services is under threat from non-bank market entrants. According to its survey of 380 corporate treasurers from enterprises across Europe, the Middle East and Africa (EMEA), 70 percent...

More Details

Business & Money | Wednesday 10 July, 2019 12:00 am

Badir launches first business accelerator to support Hajj and Umrah sector

King AbdulAziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, officially launched the first business accelerator specialised in supporting and developing the works of entrepreneurs and projects participating in the recently-held ...

More Details

Business & Money | Wednesday 10 July, 2019 12:00 am

Karm Legal joins hands with Malta’s Lex Group to provide end-to-end legal counsel for tech entities

Karm Legal Consultants (Karm), a UAE-based legal consultancy firm focusing on corporate, commercial and technology law, has joined hands with Lex Group in Malta to provide legal expertise for tech enterprises in the UAE and Malta. This will be supported by Fintech Solution Ltd, the fintech arm of...

More Details

Business & Money | Wednesday 10 July, 2019 12:00 am

Darigold Opens Sales Office in Dubai

SEATTLE--(BUSINESS WIRE/AETOSWire)-- Darigold Inc. announces the opening of its office in Dubai through the addition of an in-market sales leader: Benoy Kondoor, sales director – Middle East and Africa, based in Dubai, United Arab Emirates. The new office will enhance customer service and...

More Details

Business & Money | Tuesday 9 July, 2019 7:49 pm

Foreign Direct Investment declines in 2019

Foreign Direct Investment (FDI) in Jordan decreased by $33 million in the first quarter of 2019, marking the lowest decline in a year. Preliminary data of the Central Bank of Jordan (CBJ) reported that the FDI dropped to $251 million at the end of the first quarter of this year, compared to $284 ...

More Details

Business & Money | Tuesday 9 July, 2019 1:12 pm

Bayut Appoints CEO in KSA to Lead the Property Vertical’s Expansion

The UAE’s largest online property portal, Bayut.com brings on Bay Area entrepreneur and technology leader Haroon Rashid as Bayut’s Chief Executive Officer in Saudi Arabia (Bayut.sa), to lead the company’s expansion into the Kingdom. Earlier this May, Bayut announced...

More Details

Business & Money | Tuesday 9 July, 2019 11:56 am

Arla Foods agrees new brand license for Middle East cheese business with Kraft Heinz

The agreement gives Arla Foods (“Arla”) the license to use the Kraft® brand for the next 12 years in the Middle East on the cheese portfolio recently acquired by Arla from Mondeléz International. The markets covered by the license agreement include Bahrain, Iraq, Israel,...

More Details

Business & Money | Tuesday 9 July, 2019 11:32 am

Aafaq Islamic Finance expands its finance products, launches unique Sharia-compliant credit cards

Aafaq Islamic Finance, a leading financial company in the UAE, in collaboration with Mastercard, has launched unique Sharia-compliant credit cards, boosting its retail segment and capturing the growing credit card market in the country. Aafaq’s retail business expansion is in response to...

More Details