Business & Money | Thursday 26 April, 2018 2:52 pm

Abu Dhabi Commercial Bank Pjsc ,Reports First Quarter 2018 Net Profit of Aed 1.207 Billion

Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the first quarter of 2018 (“Q1’18”).   Financial highlights (31 March 2018)       Robust underlying...

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Business & Money | Thursday 26 April, 2018 12:42 pm

General Authority for Zakat and Tax publishes a VAT import/export guide

The General Authority for Zakat and Tax (GAZT) published a helpful guide on its treatment of imported and exported goods and services subject to Value Added Tax (VAT) under the GCC Unified VAT Agreement and VAT Law and Implementing Regulations.   The guide, which covers all VAT articles...

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Business & Money | Thursday 26 April, 2018 12:38 pm

News Services Group Officially Announces the Rebranding of ME NewsWire to AETOSWire

News Services Group (NSG) officially announces the rebranding of its news distribution arm ME NewsWire to AETOSWire. Tony AbiHanna, President and CEO of NSG, AETOSWire and Esmaa News, explained the reason behind this timely move: “In 10 years, we have grown exponentially as a...

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Business & Money | Thursday 26 April, 2018 4:19 am

Dubai’s Future Blockchain Summit to host global innovators and transformative startups as industry grows to $9.7 billion by 2021

Future Blockchain Summit today announced that the event will host the Global Blockchain Startups Marketplace at its inaugural edition from May 2-3, 2018 at Dubai World Trade Centre.  The event, hosted by the Smart Dubai Office and organised by Dubai World Trade Centre, is slated to...

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Business & Money | Thursday 26 April, 2018 3:25 am

Pace of Saudi Arabia’s private sector sell-off accelerates

Saudi Arabia’s ports, hospitals, desalination plants, schools, and even its sports clubs, are among the candidates for early transfer to the private sector in a program that the government hopes will generate up to SR40 billion ($10.6 billion) in revenue over the next two years. The National ...

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Business & Money | Wednesday 25 April, 2018 2:39 pm

Al Naboodah Group Enterprises announces new Harley-Davidson® dealership in Ras Al Khaimah

Al Naboodah Group Enterprises (ANGE) has announced another Harley-Davidson® dealership will open tomorrow in the UAE. The new dealership is in Ras Al Khaimah and is ANGE’s second in the Northern Emirates following the very successful launch of its Sharjah showroom in June 2017. The new ...

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Business & Money | Wednesday 25 April, 2018 2:17 pm

Bidaya Home Finance successfully closes on its inaugural Sukuk Issuance

Bidaya Home Finance “Bidaya” has successfully closed on its inaugural Sukuk issuance under the recently established SAR 500 Million Sukuk Issuance Programme. The total amount raised in relation to the Series 1 Sukuk was SAR 250 Million; closing in April 2018.   “This is ...

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Business & Money | Wednesday 25 April, 2018 12:41 pm

Abdul Latif Jameel signs MoU with Japan’s Kosei Aluminium

Abdul Latif Jameel has signed a Memorandum of Understanding (MoU) with Japanese company Kosei Aluminium to explore the feasibility of a joint venture that would manufacture aluminum wheels and components in Saudi Arabia.    During a visit by the Custodian of the Two Holy Mosques...

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Business & Money | Wednesday 25 April, 2018 2:13 am

Al Tamimi & Company hosts first bespoke forum on Foreign Investment in KSA

Al Tamimi & Company, the largest law firm in the Middle East, hosted its first bespoke forum in the Kingdom of Saudi Arabia under the theme “Foreign Investments in KSA”, offering the opportunity for industry leaders to participate in discussions surrounding the changing economic and ...

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Business & Money | Wednesday 25 April, 2018 12:15 am

Intersec Saudi Arabia 2018 opens for business featuring 150 exhibitors from 20 countries

Intersec Saudi Arabia 2018 opened (24 April) in Jeddah, with 150 exhibitors from 20 countries looking to network and generate fresh business opportunities in the Kingdom’s US$6.02 billion security, safety and fire protection market.    The 2ndedition of the annual...

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