Business & Money | Friday 16 June, 2017 3:37 am

Gulf Energy Maritime signed AED275 million Shari'ah-compliant facility with Dubai Islamic Bank

Gulf Energy Maritime (GEM), the Middle East's leading independent commercial product tanker operator has signed an AED275 million Shari'ah-compliant facility with Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.   The agreement marks the first time GEM has raised...

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Business & Money | Friday 16 June, 2017 3:04 am

Panasonic’s Celebrates Ramadan with Special offers in Jordan

Panasonic is celebrating Ramadan with exclusive promotions at Panasonic showroom in Amman and major retail stores in Jordan. Customers can now take advantage of the special discounts on a range of Panasonic home and cooking appliances. In this busy month, where food takes a distinctive...

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Business & Money | Thursday 15 June, 2017 4:27 pm

IHG® and Bukhamseen Group sign an exclusive agreement in Kuwait

InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, today announced an agreement with Bukhamseen Group Holding Company, a Kuwaiti business conglomerate, to build and operate IHG hotels exclusively in the State of Kuwait. Under the terms of the agreement, IHG...

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Business & Money | Thursday 15 June, 2017 4:24 pm

PCFC organizes its Ramadan Suhur gathering

The Ports, Customs and Free Zone Corporation held its Ramadan Suhur gathering to its staff in the presence of Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation, and senior directors and heads of PCFC’s subsidiaries at...

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Business & Money | Thursday 15 June, 2017 11:39 am

Gifting Platform joigifts.com Launches in Medina

  joi, the online gifting platform, continues its rapid expansion in the Kingdom this Holy Month with the announcement that it is has extended its services into Medina.    To commemorate this momentous occasion and bearing in mind the auspicious timing, the company has also...

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Business & Money | Thursday 15 June, 2017 4:52 am

The SmartStream RDU Steams Ahead with a Fully Integrated Reference Data Service for MiFID II

The SmartStream Reference Data Utility (RDU), founded by Goldman Sachs, JPMorgan Chase, Morgan Stanley and SmartStream, today announced a new Markets in Financial Instruments Directive II (MiFID II) reference data service, enabling financial organisations to more easily meet regulatory...

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Business & Money | Thursday 15 June, 2017 4:47 am

Emaar Hospitality Group and Jabal Omar Development Company sign management agreement for flagship Address hotel in Makkah

Jabal Omar Development Company (JODC), the region’s leading real estate development company, today announced that Emaar Hospitality Group’s premium luxury hotel brand Address Hotels + Resorts has been selected to manage its flagship hospitality project in the Holy City of Makkah. This...

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Business & Money | Thursday 15 June, 2017 4:21 am

Panasonic Announces Environment Vision toward 2050

Panasonic, a global technology leader, announced its new long-term environment vision called “Panasonic Environment Vision 2050” on World Environment Day. The new vision will guide the Panasonic Group to practice environmentally sustainable management toward 2050.   Panasonic ...

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Business & Money | Thursday 15 June, 2017 3:55 am

Jumeirah Messilah Beach Hotel & Spa wins at Business Traveller Middle East Awards 2017

Jumeirah Messilah Beach Resort & Spa, Kuwait’s idyllic resort, was recently awarded with the Best Business Hotel Award at the Sixth Edition of the Business Traveller Middle East Awards 2017 held at a glamorous gala ceremony in Dubai.   Ahmed Jarkass, Director of Business...

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Business & Money | Wednesday 14 June, 2017 1:28 pm

Jadwa Investment Achieves Record Growth in Assets under Management During 2016

Jadwa Investment, a leading Saudi Arabian investment management and financial advisory firm, announced its 2016 full-year financial results.  The firm achieved total revenues of SAR 290.37 million, representing a 17% increase over 2015, and net income of SAR 109.78 million, a 17% increase over ...

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