Business & Money | Sunday 27 February, 2022 2:42 pm

PIF Opens Three New Subsidiary Companies Offices in London, New York and Hong Kong as Fund Continues Expansion Globally

The Public Investment Fund (“PIF” or the “Fund”) today announced it has opened three new subsidiary companies offices in London, New York and Hong Kong. The moves are in line with PIF’s continued expansion and will assist in the Fund’s future international growth. PIF is an active...

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Business & Money | Friday 25 February, 2022 11:53 pm

For first time in Saudi Arabia, 400,000 men and women enter labor market in a year

400,000 men and women entered the labor market within one year in 2021, a record number reached for the first time in Saudi Arabia, Minister of Human Resources and Social Development (MHRSD) Eng. Ahmad Sulaiman Al-Rajhi announced.Eng. Al-Rajhi confirmed during the Future of Real Estate Forum in...

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Business & Money | Thursday 24 February, 2022 12:46 pm

Etisalat recognises outstanding SMBs and start-ups in the UAE

2ndedition of SMB awards receives over 500 registrations across ten categories Etisalat announced the winners of the second ‘SMB Awards 2021’ in a grand gala event to recognise and celebrate the outstanding achievements of Small and Medium businesses (SMBs) in the UAE. The prestigious ...

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Business & Money | Thursday 24 February, 2022 12:31 pm

ENBD REIT announces Q3 NAV of USD 168 million (USD 0.67 per share)

 Property portfolio value stabilising at USD 357 million Portfolio occupancy maintained at 77%Interim dividend paid on 28 December 2021 ENBD REIT(CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management...

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Business & Money | Thursday 24 February, 2022 12:16 pm

Alhokair to bring Flying Tiger and Alo Yoga to Saudi Arabia

DUBAI: Saudi retail giant Alhokair is bringing Flying Tiger and Alo Yoga to the Kingdom.The arrival of American leisure brand Alo Yoga and Danish variety retailer Flying Tiger Copenhagen comes as Fawaz Abdulaziz Alhokair Co. looks to expand its offering after a tough year for the retail sector. It...

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Business & Money | Thursday 24 February, 2022 12:13 pm

Saudi Arabia’s real estate offers more profit than stock market investments: CMA chairman

Real estate investment trusts will offer more profit than stock market investments, said Mohammed bin Abdullah Elkuwaiz, chairman of Saudi Arabia’s Capital Market Authority.  Addressing the Real Estate Future Forum on Feb. 23 in Riyadh, the CMA chairman revealed that REITs offer returns ...

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Business & Money | Thursday 24 February, 2022 11:54 am

Response Plus Holding enters the FTSE Global Micro Cap Index

Response Plus Holding PJSC (RPM), the UAE leading healthcare services provider and Alpha Dhabi Holding subsidiary, announced its inclusion in the FTSE Global Micro Cap Index officially on Monday February 21st, 2022.  RPM's listing on the FTSE GEIS as a Micro-cap company validates the...

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Business & Money | Thursday 24 February, 2022 11:36 am

UAE Banks Federation (UBF) organizes webinar on latest update of ISO-20022 adoption programme

UAE Banks Federation (UBF), the sole unified voice and representative of UAE banks, together with SWIFT, held a free-of-charge webinar for all the members of UAE SWIFT Users Community, to discuss the latest update on ISO20022 adoption programme, which will go live on 19 November 2022. This will be...

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Business & Money | Thursday 24 February, 2022 11:32 am

Announcing the First Edition of Electric Vehicle Innovation Summit in Abu Dhabi

With the rising interest in electric vehicles spreading across the nation, the first-ever edition of the annual Electric Vehicle Innovation Summit (EVIS) is scheduled to take place in Abu Dhabi on 23rd – 25th May 2022. The event is organized by Nirvana Holding and will be hosted by...

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Business & Money | Wednesday 23 February, 2022 3:52 pm

Top real estate investors flock to Riyadh forum to discuss sector’s future

With real estate the second largest contributing sector to Saudi Arabia's gross domestic product, investors are flocking to Riyadh to attend the Real Estate Future Forum. On its first day, the forum hosted top officials and executives in the sector, led by Majid Al-Hogail, minister...

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