Business & Money | Monday 28 September, 2020 5:10 pm

Successful MeznSat launch marks another milestone in UAE’s space program

The launch of the MeznSat satellite is a noteworthy accomplishment and a significant contribution from Ras Al Khaimah to the UAE’s position in the global space sector, asserted the American University of Ras Al Khaimah (AURAK) following the official announcement that the MeznSat launch was a...

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Business & Money | Monday 28 September, 2020 3:29 pm

Dubai South: 47% Of Ezdubai Is Operational And Under Developent Since Its Launch Last Year

Dubai South announced that EZDubai, its fully dedicated e-commerce zone strategically located in the heart of Dubai South’s Logistics District is now 20% operational as part of its first phase where 27% is under development. The free zone which was launched in January 2019 by HH Sheikh Mohammed...

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Business & Money | Monday 28 September, 2020 3:19 pm

Saudi Bugshan Company Transforms its Business Operations with IBM Cloud

Saudi Bugshan Company (SBC), in collaboration with its technology arm Brmaja Commercial Company (Brmaja), has selected IBM Cloud to host its IT infrastructure. This transition aims to support SBC’s business growth plans and meet its critical need for infrastructure performance and...

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Business & Money | Monday 28 September, 2020 2:55 pm

Value of Awarded Contracts Set to Rebound in Second Half of 2020

The value of awarded contracts in the Kingdom decreased during the second quarter to SAR11 billion ($2.9 billion) after a strong showing during the first quarter, according to a report by the U.S.-Saudi Business Council (USSBC). The promising start to the year fizzled during Q2 as numerous project...

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Business & Money | Monday 28 September, 2020 10:20 am

Virgin Hyperloop Announces Agreement to Conduct Hyperloop Feasibility Study with BLR Airport in Bangalore, India

Building on recent momentum in the Gulf region, Virgin Hyperloop, the category leader in hyperloop technology, today signed a Memorandum of Understanding (MoU) with Bangalore International Airport Limited (BIAL), operator of the award-winning Kempegowda International Airport, Bengaluru (KIAB/ BLR...

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Business & Money | Monday 28 September, 2020 9:49 am

Industry leaders to address recovery of aviation and future sector growth at Global Aerospace Summit 2020

The Global Aerospace Summit 2020 commences this week in a virtual format on 28 and 29 September, where industry leaders from across the globe will convene online to address the aviation, aerospace, space and defence sectors biggest challenges and opportunities. Hosted by Mubadala Investment...

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Business & Money | Monday 28 September, 2020 9:45 am

137 countries export Industrial Products from Ras Al Khaimah

Ras Al Khaimah Chamber of Commerce and Industry revealed in a study recently issued by the Department of Studies and Commercial Cooperation that the industrial exports of the emirate achieved growth with 32%, between 2017 - 2019, with a value of 3 billion and 803 million dirhams in...

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Business & Money | Sunday 27 September, 2020 11:44 am

Sidra Capital’s Mutajara USD Fund continues to show strong performance with annualized returns in excess of 6% for 2020

Sidra Capital’s US dollar-denominated Mutajara Fund has been successfully achieving its targets and is on course to deliver returns in excess of 6% for 2020, with no payment defaults or delays despite the challenging market conditions created by the global COVID-19 pandemic. The returns generated ...

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Business & Money | Sunday 27 September, 2020 10:19 am

SADAFCO Safely Celebrates 90th Saudi National Day

Saudia Dairy and Foodstuff Company (SADAFCO) is celebrating the 90th year of Saudi National Day. Given the exceptional circumstances imposed by COVID-19, SADAFCO launched a series of hygiene regulated and social distanced initiatives for employees, to lift their spirits while preserving their...

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Business & Money | Sunday 27 September, 2020 1:55 am

Careem makes a permanent shift to “Remote-First”

Careem, the Super App for the greater Middle East, is now a Remote-First company. Careem colleagues in 36 offices have the freedom to work from a remote location. The company’s physical offices will remain open and are being re-designed into spaces that facilitate collaboration and team building...

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