Business & Money | Wednesday 3 January, 2018 1:03 pm

Nakheel and RIU award construction contract for AED670 million resort at Dubai’s Deira Islands

Master developer Nakheel and Spain’s RIU Hotels & Resorts have signed a contract worth AED385 million for the construction of their 800-room, joint venture beachfront resort and water park at Deira Islands in Dubai.   Set for delivery in 2019, the resort, which has a total...

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Business & Money | Wednesday 3 January, 2018 11:58 am

Saudi Customs launches Approved Economic Operator program

Saudi Customs has launched the Authorized Economic Operator (AEO) program to enhance partnership with the private sector and encourage teamwork to facilitate trade and customs procedures. The AEO program will improve trade procedures for exporters, importers, customs trustees, carriers,...

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Business & Money | Tuesday 2 January, 2018 2:40 pm

National Bonds Corporation handing over the second phase of Motor City Green Community Villas

National Bonds Corporation PJSC, through its real estate arm, National Properties LLC, has announced the handover of the second phase of Motor City Green Community known as Casa Familia villas which boasts 95 townhouse villas in a record time. Infrastructure has been completed to provide modern...

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Business & Money | Tuesday 2 January, 2018 12:55 pm

100 Sharjah Ladies Club Employees Honoured for 10 Years of Service

 Sharjah Ladies Club (SLC) is recognised as one of UAE’s pioneering institutions offering women and children world-class spaces within which to nurture their talents and pursue their hobbies. This philosophy of service excellence is something that SLC has extended not just to its...

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Business & Money | Tuesday 2 January, 2018 12:00 pm

Saudi unemployment rate falls 5.8% in Q3 of 2017

The overall unemployment rate has fallen 5.8% in the Kingdom in the third quarter of 2017 compared with the second quarter, according to a report of the General Authority of Statistics. Saudi Arabia stands 12th among G20 nations in terms of the average fall in the rate of unemployment during ...

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Business & Money | Tuesday 2 January, 2018 11:17 am

Mashreq Bank receives nine awards from Global Finance in London

Mashreq Bank, the UAE’s leading financial institution was presented with nine awards at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England.   The dinner hosted at the RSA House in London saw Mashreq win awards for: Best Consumer ...

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Business & Money | Tuesday 2 January, 2018 11:11 am

Dubai Land Department Tours New District One Community in Mohammed Bin Rashid Al Maktoum City

Officials from the Dubai Land Department have taken a private VIP tour of the new Mohammed Bin Rashid Al Maktoum City – District One community.   Sultan Butti bin Mejren, Director General of the Dubai Land Department, and H.E. Engineer Marwan bin Ghalita, CEO of RERA were hosted by ...

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Business & Money | Monday 1 January, 2018 12:20 pm

The National Commercial Bank announces that the board of directors has recommended the distribution of dividend for period the second half of 2017

The Board of Directors of NCB has recommended on 28/12/2017 corresponding to 10/04/1439H the distribution of dividend to the shareholders for the period the second half of 2017 as following: 1- Total amount of distribution of dividend SAR 1,196,878,814 2- Number of shares eligible for...

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Business & Money | Monday 1 January, 2018 8:02 am

Citizenship Invest: Over 70% increase in second passport demand in Q4 of 2017

According to Citizenship Invest, market leader specialized in the fastest citizenship programs to legally obtain a second passport, high net worth families and residents in the Kingdom of Saudi Arabia contributed to over 70 % increase in demand for second European and Caribbean nationality in Q4 of ...

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Business & Money | Saturday 30 December, 2017 12:39 pm

Rashid Ports receives 4 giant cruise ships simultaneously

30 December 2017: The cruise quay at Rashid Port received four cruise ships simultaneously on Friday 29th December: Aida Stilla, Main Chef 5, MSC Splendida and Coasta Mediterrania.   This is the first time the Port receives four cruise ships together in one day which confirms its...

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