Business & Money | Tuesday 13 February, 2018 8:05 am

Dubai Investments Makes Strategic Investment into Africa Crest Education (“ACE”),

Investbridge Capital (IBC), an independent alternative asset management and advisory firm based in the Dubai International Financial Centre (DIFC), has today announced that it has arranged and advised on a US$ 20 million direct investment by Dubai Investments PJSC (DI) into Africa Crest Education...

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Business & Money | Tuesday 13 February, 2018 7:30 am

Saudi startups have wider funding options amid huge fund volumes

Saudi startups would have a wide range of financing options as funding volumes in GCC have increased steadily, with a lot of fresh money flowing into seed and early-stage companies. In an interview, Nawaf Al Sahhaf, CEO of Badir, said financing options for these startups include without...

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Business & Money | Tuesday 13 February, 2018 7:04 am

The Institute of Finance & BIAC Hold a Training Program on Tech-Startups

A group of financial experts examined the challenges facing investments in technology start-ups and the best international practices to evaluate the investment opportunities of pre-revenue technology start-ups in a step that aims to increase awareness about the importance of investment in...

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Business & Money | Tuesday 13 February, 2018 7:00 am

SR250 fee for house rent deal registration

An electronic rental network was launched here on Monday to regulate the Kingdom’s real estate rental market. A registration fee of SR250 has been fixed for residential rental contracts and SR400 for commercial rental contracts. The network offers a wide range of electronic...

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Business & Money | Tuesday 13 February, 2018 5:38 am

Saudi-Japan health care team focuses on diabetes and cancer

The Saudi-Japan Healthcare Forum concluded on Monday with a focus on the treatment of diabetes and cancer with joint efforts between the two countries. Local and foreign medical specialists in diabetes, oncology, endoscopy, and surgeries were present to exchange their...

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Business & Money | Tuesday 13 February, 2018 4:00 am

Dubai Investments announces $20 million investment in Africa Crest Education

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has announced US$ 20 million direct investment into Africa Crest Education Holdings [ACE] – an investment company promoting quality education across the African...

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Business & Money | Tuesday 13 February, 2018 2:15 am

Emaar Malls records 11% increase in net profit to AED 2.080 billion (US$ 566 million) in 2017

Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties PJSC (DFM: EMAAR), recorded a net profit of AED 2.080 billion (US$ 566 million) in 2017, 11 per cent higher than the net profit of AED 1.874 billion (US$ 510 million) during 2016. Revenue for...

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Business & Money | Monday 12 February, 2018 4:30 pm

SHUAA Capital celebrates the launch of SHUAA Securities-Egypt

SHUAA Capital, the United Arab Emirates-based premier financial services group, today held a press conference in Cairo to officiate the opening of its securities brokerage arm, SHUAA Securities-Egypt. Held under the patronage of Her Excellency Dr. Sahar Nasr, Egypt’s Minister of Investment...

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Business & Money | Monday 12 February, 2018 3:38 pm

Topaz Energy and Marine CEO named Offshore Leader of the Year

René Kofod-Olsen, CEO of Topaz Energy and Marine (Topaz), has been named ‘Offshore Leader of the Year’ by leading trade publication Offshore Support Journal (OSJ) at the Annual OSJ Conference and Awards, London.   The event brings together international oil and...

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Business & Money | Monday 12 February, 2018 2:55 pm

New report calls for GCC governments to set up behavioral science units to enable national transformation plans

A new report published at the World Government Summit reveals how the use of behavioral science can help GCC governments reach many of their social, economic, and environmental objectives as part of their national transformation plans. Traditional policymaking assumes that people always make...

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