Business & Money | Tuesday 31 July, 2018 6:37 pm

Dubai Investments reports net profit of AED 491 million for the first half of 2018

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market reported net profit of AED 491 million for the six month period ended June 30, 2018, an increase of AED 11 million compared to AED 480 million for the same period last...

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Business & Money | Tuesday 31 July, 2018 6:21 pm

GAC Abu Dhabi joins Abu Dhabi Airports Free Zone

Abu Dhabi Airports Free Zone (ADAFZ) today announced leading international logistics firm GAC Abu Dhabi as the latest addition to its cargo terminal free zone site. As a result of its free zone status, GAC Abu Dhabi is set to enhance its customer experience, allowing cargo to be transferred to...

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Business & Money | Tuesday 31 July, 2018 6:00 pm

KPMG Al Fozan & Partners Appoints Eng. Ismail Alani as Head of Public Sector

KPMG Al Fozan & Partners have announced the appointment of Eng. Ismail Daham Alani as Head of Public Sector. The appointment is in line with KPMG's international strategy to meet the advisory needs of the sector, including the development of strategies, policies and supporting operational...

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Business & Money | Tuesday 31 July, 2018 5:04 pm

Umm Alqura For Development & Construction is the Real Estate Partner of 2018 Hajj Hackathon

Umm Alqura for Development and Construction Co., the developer of the largest megaproject in Makkah, will be present as the real estate partner of the 2018 “Hajj Hackathon” from August 1stuntil August 3rd in Jeddah. The event is set to be the largest of its kind in the middle east...

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Business & Money | Tuesday 31 July, 2018 4:14 pm

Emirates NBD Saudi Arabia and KAFALAH Program renew their partnership

Emirates NBD Saudi Arabia, renewed its partnership with the Kingdom’s KAFALAH Program ((SME Financing Guarantee Program) at a signing ceremony held on the 24thJuly 2018 at the bank’s premises in the capital Riyadh.  KAFALAH Program is a collaboration between the Ministry of...

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Business & Money | Tuesday 31 July, 2018 10:04 am

MEPCO achieves 1H net profit increase of 166%

The Middle East Paper Co. (‘MEPCO’), the region’s leading vertically-integrated paper manufacturer, has announced its interim financial results for the six months ended 30 June 2018. Net profit of SAR 57 million in the first half increased by 166% on H1 2017. STRATEGIC...

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Business & Money | Tuesday 31 July, 2018 8:00 am

The Board of Directors of the National Commercial Bank has recommended the distribution of dividend to the shareholders for the first half of 2018

The Board of Directors of the National Commercial Bank has recommended on Sunday 16-11-1439H corresponding to 29-07-2018 the distribution of dividend to the shareholders for the first half of 2018 as following: 1.Total amount of distribution of dividend SAR 2,989,409,411 2.Number of shares...

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Business & Money | Tuesday 31 July, 2018 7:52 am

Mi Capital opens doors to India’s US$88.23 bn affordable housing market for GCC investors

Gulf investors will now be able to tap the US$88.23 billion (INR6 trillion) affordable housing market following a tie-up between Mi Capital, a Dubai-based financial institution dealing in corporate finance, capital restructuring, mergers and acquisitions, and Life Insurance Corporation Housing...

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Business & Money | Tuesday 31 July, 2018 4:50 am

Shurooq and Besix to Invest in a Sustainable Development Wastewater Project in Sharjah

The Sharjah Investment and Development Authority (Shurooq) and BESIX, the region’s leading company operating in infrastructure concessions and construction, has signed a joint venture agreement to operate and maintain an existing wastewater treatment plant in Al Saja’a area in ...

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Business & Money | Monday 30 July, 2018 4:00 pm

Alawwal bank reports Q2 net profit of SAR 254m

Alawwal bank announced its financial results for the second quarter of 2018, reporting net income of SAR 254m down 11% vs Q1. Net operating income for the quarter increased by 6.3% to SAR 571m. Non Funded Income had a particularly strong quarter, up 10% from Q1.  Q2 saw Alawwal bank ...

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