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 &...

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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...

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Business & Money | Saturday 14 October, 2017 2:41 pm

No tax on Saudi investments in Abu Dhabi

The Abu Dhabi government has announced a package of incentives for Saudi investors including exemption from taxes, and that they will be treated as its citizens for all investment purposes. The announcement was made at the Saudi-UAE Business Forum held in Abu Dhabi on Wednesday. The forum held...

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Business & Money | Saturday 14 October, 2017 2:37 pm

‘Desert to Delta’ exhibition showcases Saudi contemporary art in Memphis

The “Desert to Delta” exhibition kicked off at the art museum of the University of Memphis, US, as part of the “Jusoor” or “Bridges” initiative launched by the King Abdul Aziz Center for World Culture. The initiative aims to empower young Saudi talents in...

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Business & Money | Saturday 14 October, 2017 3:43 am

Derayah Financial, Mayar Capital sign agreement on global equity portfolio management

The Riyadh-based Derayah Financial, a company licensed by the Capital Market Authority (CMA), has signed an agreement with Mayar Capital, a leading global portfolio management company based in London, for the distribution of a global product on equity portfolio management.   Derayah...

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Business & Money | Friday 13 October, 2017 2:26 am

Marka Announces Results of General Assembly Meeting

Marka PJSC (DFM: MARKA), the first retail-focused company listed on the Dubai Financial Market, announced today the results of its General Assembly Meeting held in Dubai on 11th October 2017.   At the meeting, Marka Shareholders approved the company’s continuity of...

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Business & Money | Friday 13 October, 2017 1:11 am

Reign Holdings unveils US$ 1 billion investment plans, says Samir Salya

Reign Holdings, Dubai-based global business conglomerate, has announced its plans to invest up to US Dollars 1 billion in the region’s real estate sector. Arthur & Hardman, the development arm of the global business conglomerate, will focus on developing fully integrated world-class...

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Business & Money | Thursday 12 October, 2017 3:53 pm

Hawkamah inks partnership with Saudi Governance Centre

Hawkamah, the Institute for Corporate Governance, signed an MOU with the Saudi Governance Centre at the Emirates Palace in Abu Dhabi. The event took place during the UAE–Saudi Business Forum that aims to bring leaders, government employees and decision makers together in order to increase...

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Business & Money | Thursday 12 October, 2017 3:14 pm

Nakheel investment in Deira Islands tops AED7.5 billion as developer inks deal for six marinas

Master developer Nakheel has now invested more than AED7.5 billion in infrastructure and construction at Deira Islands, with the latest – a contract for AED165 million deal to build six marinas – signed this...

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Business & Money | Thursday 12 October, 2017 2:39 pm

Time for banks to analyse approach to tackling money launderers and staying on the right side of regulators

Money laundering continues to cause a major problem for financial services institutions across the globe. PwC’s (PricewaterHouseCoopers) 2016 ‘Global Economic Crime Survey’ revealed that money laundering transactions are estimated at 2% to 5% of the global GDP, roughly USD...

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