Business & Money | Saturday 30 December, 2017 12:20 pm

Makkah forum to boost innovation, leadership

An initiative to encourage innovators and entrepreneurs and to discover creative talents begins at the Makkah Cultural Forum on Jan. 7. The forum, “How to be an example,” is run under the cooperation of King Abdullah University for Science and Technology (KAUST) in the innovation...

More Details

Business & Money | Saturday 30 December, 2017 10:30 am

Apple, Amazon in licensing talks with Saudi Arabia

APPLE and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Muhammad Bin Salman’s push to give the Kingdom a high-tech look. A third source confirmed that Apple was in talks with SAGIA, Saudi Arabia’s...

More Details

Business & Money | Saturday 30 December, 2017 5:07 am

Visa brings cardholders irresistible deals this 
Dubai Shopping Festival

Visa (NYSE:V), the world leader in digital payments, renewed its sponsorship of the 2018 Dubai Shopping Festival (DSF) for the twenty-third  consecutive year with exciting deals for domestic and international shoppers who spend on their Visa debit and credit cards, including receiving AED...

More Details

Business & Money | Saturday 30 December, 2017 2:02 am

ITFC Finances US$ 100 Million to Boost Maldives Energy Sector

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group signed with the State Trading Organization (STO), a government owned company in the Republic of Maldives, a syndicated murabaha financing agreement for US$ 100 million.   The...

More Details

Business & Money | Friday 29 December, 2017 2:10 pm

Uber sells 15% stake to SoftBank

SoftBank (SFTBF), the Japanese conglomerate, has reached a deal to invest more than $7 billion in Uber for a 15% stake in the ride-hailing startup, according to sources familiar with the deal.    The vast majority of that investment comes from SoftBank buying up shares held by...

More Details

Business & Money | Thursday 28 December, 2017 12:13 pm

Saudi Real Estate Refinance Company (SRC) Signs SAR1bn Deal with Bidaya Home Finance

Continuing its mission of increasing liquidity in the Kingdom’s mortgage market, the Saudi Real Estate Refinance Company (SRC) has signed a strategic agreement with Bidaya Home Finance to purchase a portfolio and provide a refinancing facility totaling SAR 1bn. This is the second refinancing...

More Details

Business & Money | Thursday 28 December, 2017 3:48 am

Miral Appoints Bam International as Yas Bay Arena Main Contractor on Yas Island, Abu Dhabi

Miral announced today the appointment of BAM International as it’s chosen main contractor for the arena, plaza, and nearby retail and F&B spaces planned for the upcoming Yas Bay development.   The development of the arena has started earlier this year, and is scheduled for...

More Details

Business & Money | Thursday 28 December, 2017 12:23 am

Sweid & Sweid Awards Aed 250 Million Contract to Civilco for Banyan Tree Residences

Award-winning UAE-based developer Sweid & Sweid has appointed Civilco Civil Engineering & Contracting Company as lead contractor on the first Banyan Tree Residences to be built in the Middle East.   Located on a large island overlooking The Emirates and Montgomerie golf courses,...

More Details

Business & Money | Wednesday 27 December, 2017 4:00 pm

Emirates NBD signs with Shurooq Stocks & Bonds to offer General Clearing Member services

Emirates NBD, a leading bank in the region, today announced the signing of an agreement to offer clearing services to UAE-based brokerage firm Shurooq Stocks & Bonds.   Emirates NBD is the first UAE-based financial services entity to be approved by ‘SCA - Securities and...

More Details

Business & Money | Wednesday 27 December, 2017 1:40 pm

ITFC and ITC Providing hands-on training to Saudis

Under the Partnership Agreement between the International Islamic Trade Finance Corporation (ITFC) and the International Trade Center (ITC) a number of workshops in Riyadh and Jeddah on market analysis tools and the creation of market profiles were organized in the framework of the Aid for Trade...

More Details