Business & Money | Tuesday 15 May, 2018 3:24 pm

RAK Ruler Pardons 302 Prisoners on Occasion of the Holy Month of Ramadan

On the occasion of The Holy Month of Ramadan and in the spirit of the Year of Zayed, His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah (RAK), has ordered the release of 302 prisoners from the punitive and reformative institutions in the Emirate, who...

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Business & Money | Tuesday 15 May, 2018 2:50 pm

Global A&D industry poised for sustained growth in 2018 and beyond, following muted gains in 2017

Global aerospace and defense (A&D) industry revenues are expected to experience significant growth in 2018. Revenues are expected to accelerate 4.1 percent—more than doubling last year’s 2.1 percent growth. This is according to Deloitte Global’s 2018 Global aerospace and...

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Business & Money | Tuesday 15 May, 2018 2:32 pm

DAMAC Properties reports revenue of AED 1.9 billion and net profit of AED 484 million in the first three months of 2018

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for the first quarter of 2018, reporting total revenue of AED 1.9 billion, with booked sales reported at AED 1.6 billion, largely in line with AED 1.5 billion recorded in Q4...

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Business & Money | Tuesday 15 May, 2018 2:26 pm

Leading Saudi Broadcaster FGC honoured by King of Belgium

First Gulf Company, the Riyadh-based broadcast and technology business, has been honoured by Belgium, with its two principals appointed Knights in the Order of the Crown. Recognised for their continuous contribution towards economic relations between Saudi Arabia and Belgium, Naim Saidi, CEO,...

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Business & Money | Tuesday 15 May, 2018 1:45 pm

Invest in Sharjah Wins ‘Investment Project Agency’ Award for Second Consecutive Year

The Sharjah FDI Office, (Invest in Sharjah), has reinforced its status as one of the region’s key foreign investment drivers, having been recognised once again as a top ‘Investment Project Agency’ (IPA) in one of the most important and prestigious investment industry awards...

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Business & Money | Tuesday 15 May, 2018 12:41 pm

Emirates NBD declared ‘Best Bank in the Middle East’ by Euromoney

Emirates NBD, one of the leading banks in the region, was named ‘Best Bank in the Middle East’ as well as ‘Best Bank in the United Arab Emirates’ for the fourth consecutive year at the Euromoney Awards for Excellence in 2018.  Emirates NBD was recognised for its...

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Business & Money | Tuesday 15 May, 2018 12:28 pm

Economic Cities Authority Shares Its Views on ‘investing in Prosperity’ at the World Free Zones Organization Annual International Conference and Exhibition 2018

The Economic Cities Authority (ECA) participated in the 2018 Annual International Conference and Exhibition (AICE) organized by the World Free Zones Organization (WFZO) and held in Dubai under the theme ‘Free Zone 10X – The Path to Prosperity”. The conference provided...

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Business & Money | Tuesday 15 May, 2018 11:39 am

Savage Saudi Arabia Delivers Locomotives and Equipment to Support Rail Operations at Saudi Aramco and Ma’aden Facilities

Savage Saudi Arabia (Savage) has delivered a total of seven locomotives and two locomotive booster units from the United States to Saudi Arabia’s Eastern and Northern Provinces, to support rail operations at Saudi Aramco and Ma'aden Wa'ad Al-Shamal Phosphate Company (MWSPC)...

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Business & Money | Tuesday 15 May, 2018 11:33 am

Dar Al Arkan Launches Mirabilia “Shams Ar Riyadh” with Interiors by Roberto Cavalli

Dar Al Arkan, the largest listed real estate developer in the Kingdom of Saudi Arabia, today announced the launch of the SR 600 million Mirabilia upscale residential villas with interiors by Italian fashion house Roberto Cavalli, in the SR 10 billion "Shams Ar Riyadh"...

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Business & Money | Tuesday 15 May, 2018 11:27 am

PAN Emirates increases its presence in Saudi Arabia

PAN Emirates Home Furnishings, a local label in luxurious indoor, patio and outdoor furniture, is significantly increasing its presence in Saudi Arabia through a 1m SAR expansion and revamp of its flagship store in Souq Sharq Market, Riyadh. The investment builds on five years of successful...

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