Business & Money | Friday 26 October, 2018 6:33 am

Saudi Arabia’s PIF joins Russia and China in $2.5bn ‘trilateral’ investment fund

Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) is to join forces with Russian sovereign wealth fund RDIF as a new partner in the joint Russia-China Invesment Fund, it was announced on Thursday. As part of the agreement, Saudi’s PIF will contribute $500 million to ...

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Business & Money | Friday 26 October, 2018 2:31 am

Saudi Housing Ministry signs residential real estate deals worth $4.4bln on FII sidelines

The Saudi Ministry of Housing has signed three residential real estate development agreements worth $4.4 billion, the Saudi Arabian General Investment Authority (SAGIA) announced on Thursday on the sides of the Future Investment Initiative in Riyadh. One of the deals was a $2.6 billion memorandum...

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Business & Money | Friday 26 October, 2018 2:30 am

Double win for GAC Dubai at Logistics & Transport Awards 2018

Neil McMaster, GAC Dubai’s General Manager for Contract Logistics, took to the stage twice at last week’s inaugural Logistics & Transport Awards: once, to accept the FMCG Logistics Provider of the Year accolade on behalf of the company; and again when he was named Supply Chain...

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Business & Money | Friday 26 October, 2018 1:21 am

Saudi mega projects shine bright light on Kingdom’s US$3 billion interior design market

A new wave of mega projects in Saudi Arabia are set to fuel major growth in the Kingdom’s US$3 billion interior design market.   Real estate developments with a combined value of US$146 billion, including massive mixed-use projects such as King Abdullah Economic City, have created...

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Business & Money | Thursday 25 October, 2018 2:32 pm

Homeworks launches Weekend Mega Offers

Homeworks, Al-Futtaim’s home improvement and lifestyle brand, will now be offering huge discounts and amazing promotions during the Weekend Mega offer.   During the two-day event which starts October 26, customers purchasing two items will receive the third item free across...

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Business & Money | Thursday 25 October, 2018 2:00 pm

Wadi Signs Us$ 30 Million Strategic Partnership With Retail Giant Majid Al Futtaim

Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa and Asia today announced an investment in Wadi which operates Wadi Grocery, the fastest growing online grocery delivery platform in Saudi Arabia. The investment in Wadi is part of a...

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Business & Money | Thursday 25 October, 2018 12:00 pm

ASDA’A BCW wins Gold Stevies for work on GEMS, Ford, Arab Youth Survey and declared Middle East PR Agency of the Year

ASDA’A BCW continues its winning streak at the International Business Awards 2018 – known as ‘the Stevies’. The agency collected a total of 28 awards, with five Gold, 10 Silver and 12 Bronze medals in the PR Category, including a Gold for PR Agency of the Year for...

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Business & Money | Thursday 25 October, 2018 11:15 am

France renews commitment to UAE’s industrial F&B sector by hosting 2 pavilions at GULFHOST and the Specialty Food Festival

Visit France’s grand pavilion at Gulfhost which will be accessible from Sheikh Saeed Hall 2 from October 30th to November 1st at the Dubai World Trade Center. Meet the French fine and specialty foods suppliers at the Specialty Food Festival in Hall 3.   United Arab Emirates- ...

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Business & Money | Thursday 25 October, 2018 11:10 am

Innovative Solar House Prototype by Baitykool competes for prestigious Solar Decathlon Middle East 2018 Award

University teams from UAE, Palestine, & France collaborate to create a remarkable energy saving prototype Winner of the best prototype to be chosen during Solar Decathlon Middle East 2018 taking place from 14th to the 29th of November   the national agency supporting the...

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Business & Money | Thursday 25 October, 2018 5:10 am

Retail giant leads $30m fundraising for Saudi online grocery startup

Majid Al-Futtaim (MAF), an operator of malls, cinemas and leisure attractions across the Middle East, has re-enforced its commitment to Saudi Arabia by leading a $30 million fundraising to grow the online grocery delivery business of Wadi Group across the Kingdom. Carrefour, the hypermarket...

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