Business & Money | Tuesday 30 July, 2019 12:04 pm

Riyadh’s midscale hotel sector providing the greatest opportunity for developers, says Drees & Sommer

Research from Drees & Sommer’s specialised global hospitality team has identified Riyadh’s three-star market as the best opportunity for growth as the capital undergoes a period of rapid economic diversification with the introduction of a myriad of attractions, theme parks, sporting ...

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Tourism & Hospitality | Tuesday 30 July, 2019 10:59 am

Tunisair deepens partnership with Amadeus to drive international growth

Amadeus and Tunisair recently renewed their long-term IT partnership and signed an expanded agreement for a period of 10 years, in order to facilitate a wider and richer offering to passengers. The renewed IT partnership and expanded content partnership underline the confidence Tunisair, a pioneer...

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Business & Money | Tuesday 30 July, 2019 10:31 am

Mastercard and BENEFIT partner to launch first blockchain payment program in the Middle East

Bahrain’s Electronic Network for Financial Transactions (BENEFIT), and Mastercard have partnered to launch a pilot blockchain program that will enable banks to deliver fast, secure and private cross-border commercial payments.      A historic milestone for the...

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Sports | Tuesday 30 July, 2019 9:25 am

AL QEMZI AIMS FOR F2 WORLD TITLE BOOST IN NORWAY

Team Abu Dhabi’s Rashed Al Qemzi is prepared for another mighty tussle in Norway at the weekend as he bids to stay on course for a second world powerboat racing title this season.   Al Qemzi, aiming to recapture the UIM F2 World Championship crown which he won in 2017, leads the...

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Healthcare | Monday 29 July, 2019 6:51 pm

"UNRWA": $ 50 million grant from the UAE

The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) said Monday it had received a donation of 50 million dollars from the United Arab Emirates. "At a time when we are under intense pressure on the agency, the enormous generosity of the United Arab...

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Government | Monday 29 July, 2019 6:46 pm

King, Egyptian president agree to bolster economic cooperation

His Majesty King Abdullah and Egyptian President Abdel Fattah El Sisi, during talks in Cairo on Monday, agreed to continue enhancing economic cooperation between the two countries towards mutual prosperity. Both sides stressed the importance of the Jordan-Egypt higher committee meetings, which...

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| Monday 29 July, 2019 6:44 pm

Bank of Jordan's income rose to 74 million dinars at the end of June

  The Bank of Jordan's total income increased by 6.2% to KD 73.9 million at the end of last month compared with KD 69.6 million for the same period of 2018. The bank said in a statement on Monday on the Amman Stock Exchange (ASE) that profits before the provision for tax amounted to...

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Business & Money | Monday 29 July, 2019 6:36 pm

Jordan Islamic Bank's half-year profit growth 12%

The profits of the Jordan Islamic Bank grew by 12% to KD 39.1 million at the end of June compared to KD 35 million for the same period of 2018. The bank said in a statement issued on Monday that profits after tax rose by 5 percent to about 24.5 million dinars compared to about 23.3 million...

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Cars & Autos | Monday 29 July, 2019 4:23 pm

Aljomaih Automotive Opens New Cadillac Showroom in Jeddah

In line with its strategy to expand its showrooms and enhance its presence throughout the Kingdom to become closer to its customers, Aljomaih Automotive, the official agent for Cadillac in Saudi Arabia, recently opened a new showroom for Cadillac in Jeddah. Located on Al Madinah Al Munawarah...

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Business & Money | Monday 29 July, 2019 2:31 pm

ABU DHABI COMMERCIAL BANK PJSC REPORTS FIRST HALF 2019 PRO-FORMA NET PROFIT OF AED 2.782 BILLION

Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its half-year financial results for 2019 (“H1’19”). The results below are based on the six-month pro-forma financial statements for the combined entity, following the merger between ADCB...

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