Business & Money | Saturday 1 September, 2018 2:02 pm

DAMAC awards AED512 million contract at AYKON City

DAMAC Properties has awarded an AED512 million construction contract to China State Construction Engineering Corporation (CSCEC) to build tower C of AYKON City, DAMAC’s luxury mixed-use development on Sheikh Zayed Road. The new contract covers civil construction works for tower C, the...

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Business & Money | Saturday 1 September, 2018 10:06 am

International Stone Exporters Chisel Out Middle East Market With Natural, Durable Products

 Fuelled by a line-up of mega-projects, the MENA region’s natural stone industry is expanding to accommodate the construction industry’s demand for the application of natural stone in interior and exterior design.   Durable stone such as granite and marble from Brazil,...

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Business & Money | Friday 31 August, 2018 2:31 am

DHL Express Saudi Arabia Distributed Hundreds of Thousands of Umbrellas to Hajj Pilgrims This Year

DHL Express Saudi Arabia distributed hundreds of thousands of umbrellas to pilgrims during this year’s Hajj, amounting to 50 percent more than the number given out last year.   The umbrellas were distributed in Mina, Arafat and Azzizyah District by 165 dedicated DHL Express staff...

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Business & Money | Thursday 30 August, 2018 3:31 pm

Emirates NBD launches DirectRemit to the UK

Emirates NBD, a leading bank in the region, today announced the launch of DirectRemit services to the United Kingdom (UK), enabling customers to transfer money instantly back home, free of any charges and at competitive exchange rates.   Emirates NBD’s remittance service is...

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Business & Money | Thursday 30 August, 2018 3:19 pm

Dual Inverter Air Conditioners of LG awarded 6 winners of “Time To Save” campaign

Despite various awareness campaigns and efforts to promote efficient consumption of electricity many households are still suffering from high bills, driving Saudi Electricity company to find solutions such as “Taysir”. The energy consumption in the residential sector accounts for about...

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Business & Money | Thursday 30 August, 2018 11:15 am

‏The Official Launch of the “Applications World” Exhibition Mid-September in Riyadh

‏The city of Riyadh is ready to host the “Applications World” exhibition - the first and largest of its kind in the Middle East. The event will be hosted by the Ministry of Communication and Information Technology and will take place in the Riyadh International Convention and...

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Business & Money | Thursday 30 August, 2018 11:01 am

Real Estate, Construction Industry Echoes Uae Government Initiatives to Create Population Happiness

Spurred on by the UAE’s goals for happiness, the real estate and construction industry has seen a shift in recent years as developers, architects and real estate professionals implement a means to positively impact peoples’ lives.   Echoing numerous Dubai government...

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Business & Money | Thursday 30 August, 2018 1:24 am

Najm successfully draws to a close this year’s Haj season

NAJM Company for Insurance Services successfully concluded its work for this year’s Haj season (corresponding to 1439H) in cooperation with the Holy City’s Traffic Department. The work was completed in coordination with the General Directorate of Traffic represented by Major General...

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Business & Money | Wednesday 29 August, 2018 2:00 pm


Azizi Developments begins Q3 with launch of AED 342 m project Fawad Azizi Residence in Dubai

Azizi Developments, one of the leading private developers in the UAE, is launching its third premium residential project in Dubai Healthcare City (DHCC) Fawad Azizi Residence.    The project is spread over a total construction area of 565,503 sq. ft. and will have a total of 396...

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Business & Money | Tuesday 28 August, 2018 7:25 pm

Nine MENA IPOs raise US$881.5m in Q2 2018

The MENA region raised US$881.5m through nine IPOs, (including four Real Estate Investment Trust (REIT) listings), in Q2 2018, according to the latest EY MENA IPO Eye report. Compared to Q2 2017, both IPO value and activity increase year-on-year by 42.8% and 12.5% respectively. Out of the nine...

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