Business & Money | Thursday 1 February, 2018 5:50 pm

City Properties Introduces Cityflex Home Ownership Plan to UAE Housing Market

In an effort to make home-ownership easily accessible to both investors and end users, City Properties, the property development arm of City Tower Real Estate, hosted leading real estate agencies in the UAE for an exclusive event yesterday. The event introduced the...

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Business & Money | Thursday 1 February, 2018 5:47 pm

Bahri continues strong start to 2018 with addition of second VLCC for this year

Continuing its strong start to 2018, Bahri, a global leader in transportation and logistics, today accepted the delivery of ‘Lawhah’, a Very Large Crude-oil Carrier (VLCC), to further cement its market-dominant position in crude oil transportation. The vessel, which lifts the total...

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Business & Money | Thursday 1 February, 2018 3:09 am

Over 100,000 Saudi women apply for 140 passport control jobs

Saudi women are eager to work in the country’s passport offices, as unprecedented numbers applied for jobs advertised by the General Directorate of Passports (GDP). On Jan. 18, the directorate announced via Twitter that it was looking for female Saudi nationals to fill 140 jobs at...

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Business & Money | Thursday 1 February, 2018 2:15 am

Egypt is developing a plan to import basic commodities

Dr. Sahar Nasr, Minister of Investment and International Cooperation, confirmed the provision of $ 3 billion in funding from the International Islamic Trade Finance Corporation (ITFC) to finance the import of commodities for the benefit of the Government of the Arab Republic of...

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Business & Money | Wednesday 31 January, 2018 1:56 pm

Engineer, Saleh Al-Sulami inaugurates the Saudi Plastic, Petrochemical, Printing and Packaging Exhibition

On behalf of His Excellency Eng. Khalid Bin Abdulaziz Al-Falih, the Deputy Minister of the Ministry of Energy, Industry and Mineral Resources (MEIM) Engineer, Saleh Al-Sulami, representative of the Ministry, inaugurated the 15th edition of the Saudi Exhibition for Printing and Packaging 2018 and...

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Business & Money | Wednesday 31 January, 2018 1:43 pm

UAE ranks 13th Most Promising Economy for Investment in 2017-19: UNCTAD/IPA Survey

The UAE has been named the 13th Most Promising Home Economy for Investment in 2017-19 according to a survey conducted by the United Nations Council for Trade and Development (UNCTAD) and Investment Promotion Agency (IPA) Observer.   The ranking, published in the UNCTAD’s recently...

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Business & Money | Wednesday 31 January, 2018 12:00 pm

The International Property Show drives Dubai’s real estate sector with the Dubai Property Festival

The International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets, is driving Dubai’s real estate sector with the launch of the Dubai Property Festival, which has been launched in cooperation with Dubai Land...

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Business & Money | Wednesday 31 January, 2018 11:40 am

Avaya Acquires Spoken Communications, a Leading Contact Center as a Service Provider

Avaya Holdings Corp. (NYSE:  AVYA), a leading global business communications company announced it has signed a definitive agreement to acquire Spoken Communications ("Spoken"), a leading innovator in Contact Center as a Service (CCaaS) solutions for enterprise customers and a...

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Business & Money | Wednesday 31 January, 2018 10:44 am

Sipchem MANAR Announces Signing Services Agreement for Testing and Analytical Services

Saudi International Petrochemical Company (Sipchem) announces that its Technology and Innovation Center (MANAR) has signed a technical services agreement with Everspring Middle East WLL. for the provision of testing and analytical services.   The scope of the services agreement will...

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Business & Money | Wednesday 31 January, 2018 10:35 am

Nakheel generates profit of AED5.67 billion in 2017

Nakheel today announced a net profit of AED5.67 billion for 2017, up 14 per cent on 2016.   Nakheel generated a net profit of AED1.67 billion in Q4 of 2017, an increase of 58 per cent on the same period in 2016.   The 2017 results highlight the stability and maturity of...

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