Business & Money | Monday 16 October, 2017 5:07 am

Flow Launches its New Center in King Abdullah Economic City

Flow, a Progressive Logistics company, and part of Ghassan Ahmed Al Sulaiman Group, announced today the official launch of its new Omni-channel and e-commerce fulfillment center at King Abdullah Economic City (KAEC).   The development of the Logistics services sector is one of the key...

More Details

Business & Money | Monday 16 October, 2017 4:05 am

54 hours challenge to build 8 startups in Ras Al Khaimah

In the presence of H.E. Sheikh Mohammed bin Kayed Al Qasimi, Chairman of Ras Al Khaimah Department of Economic Development, the first startups incubator in Ras Al Khaimah was inaugurated last Thursday at Julfar Towers, Ras Al Khaimah Incubator and Accelerator which focuses on innovation and...

More Details

Business & Money | Monday 16 October, 2017 2:51 am

280,000 housing units by year-end

The Ministry of Housing and the Real Estate Development Fund (REDF) on Sunday announced the details of the 9th phase of the Sakani (housing) program covering 30,569 housing units and financing operations. The ministry also signed 11 agreements with a number of real estate developers to carry...

More Details

Business & Money | Monday 16 October, 2017 1:42 am

New interactive PAYFORT State of Payments 2017

PAYFORT, an Amazon company, has announced its fourth “State of Payments in the Arab World” report in a new interactive format, offering up-to-date data and analysis on the region’s payment trends and consumer buying habits. Based on the study of seven key countries for the...

More Details

Business & Money | Monday 16 October, 2017 12:45 am

Crown Prince of Sharjah inaugurates GCC Labour Market Conference

His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, on Sunday attended the opening of the 5th GCC HR and Labour Market Executive Conference held under the theme: “Gulf human capital, a promising wealth”.   The two-day...

More Details

Business & Money | Sunday 15 October, 2017 11:40 am

Yahsat Awards Winners at Gitex Student Lab Competition 2017

Yahsat, the UAE-based satellite operator, and Dubai World Trade Centre (DWTC), hosted the Student Lab award ceremony held on the 12th October at GITEX, to announce the top three winners. The first prize winner, announced on Thursday by Muna Almheiri, Yahsat’s Chief Human...

More Details

Business & Money | Sunday 15 October, 2017 5:13 am

Najm to hire more female employees to serve women motorists

Najm for Insurance Services has announced that it will employ more Saudi women to deal with car accidents involving women drivers when they hit the road next June, according to Makkah daily. The company said the move was within the implementation of a royal order to issue driving licenses for...

More Details

Business & Money | Sunday 15 October, 2017 5:03 am

IMF advises KSA to ease austerity measures

Saudi Finance Minister Mohammed Al-Jadaan revealed that the Kingdom may incrementally decrease its energy subsidies, and will take longer to achieve a balanced budget, since it is seeking to mitigate the impact of its drive to achieve public finance reform.   In an interview on...

More Details

Business & Money | Sunday 15 October, 2017 4:08 am

MEFIC Private Equity F&B Opportunities Fund acquires a stake in Sultan Delight Burger

MEFIC Capital, in its capacity as fund manager of MEFIC Private Equity Food & Beverage Opportunities Fund (the “Fund”), has successfully completed an investment in Ghatha’a Al Sultan For Fast Foods Company, a leading quick service restaurants (QSR) chain in the Western &...

More Details

Business & Money | Sunday 15 October, 2017 1:47 am

DPM Develops Automated Planning System For Abu Dhabi Government

 The Abu Dhabi Department of Urban Planning and Municipalities (DPM) is leading a project to develop a Capital Investment Planning System that will automate processes and bring together all government capital projects across the emirate.   The Capital Investment Planning System...

More Details