Business & Money | Tuesday 25 August, 2020 12:22 pm

2020 Commerce Trends: Collinson reports significant YoY spending jumps in electronics, fitness and food, as travel purchases dip

Charting the effects of the coronavirus pandemic on commerce trends, Collinson today reveals a new outlook at how COVID-19 is affecting online shopping habits in Europe.    A global leader in customer benefits and loyalty, Collinson supports over 25 online shopping portals where ...

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Business & Money | Tuesday 25 August, 2020 12:06 pm

New Tower in Al Barsha by Dubai Investments getting ready for handover in September 2020

Dubai Investments Real Estate Company (DIRC), a subsidiary of Dubai Investments, has announced steady progress on the construction of the Al Barsha Tower located in the Al Barsha area in Dubai, with the project 95% complete and getting ready for handover in September 2020. The project is...

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Business & Money | Tuesday 25 August, 2020 11:59 am

Dubai Real Estate Centre, an A.R.M. Holding company, becomes the New Lead Sponsor of Al Wasl Sports Club (S.C.)

Al Wasl Sports Club (S.C.) enters into a sponsorship agreement with Dubai Real Estate Centre, an A.R.M. Holding company. Pursuant to the new agreement, Dubai Real Estate Centre is the official lead sponsor of the sports club and its logo will feature on the jerseys of the First Division Football...

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Business & Money | Tuesday 25 August, 2020 8:10 am

GAMI Signs MoU with TVTC to Support Human Capabilities in Military Industries Sector

The General Authority for Military Industries (GAMI) has signed a memorandum of understanding (MoU) with the Technical and Vocational Training Corporation (TVTC).The MoU aims to support human capabilities in military industries sector and to contribute to advancing the development of the sector...

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Business & Money | Monday 24 August, 2020 5:20 pm

MHPS Receives Order for Three M701JACs Advanced Air-cooled Turbines for a United Arab Emirates project

Mitsubishi Hitachi Power Systems, Ltd. (MHPS), a part of Mitsubishi Heavy Industries (MHI) Group, has received an order for three M701 JAC gas turbine generators to be used in a 2,400 megawatt (MW) combined cycle (GTCC) plant to be built in the Emirate of Fujairah in the United Arab Emirates (UAE). ...

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Business & Money | Monday 24 August, 2020 5:12 pm

Adnoc Distribution Completes First Dedicated Development Program For Uae National Service Station Leaders

ADNOC Distribution has trained 254 UAE national employees to take on leadership roles across its network of service stations. ‘Tomooh’ – meaning ambition in Arabic – is a customized frontline leadership program developed in collaboration with the Higher Colleges of Technology (HCT)....

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Business & Money | Monday 24 August, 2020 4:59 pm

Minister of Environment, Water and Agriculture announces formation of National Grain Company, a partnership between SALIC and Bahri

H.E. Eng. Abdulrahman Al-Fadhli, Minister of Environment, Water and Agriculture sponsored the inauguration ceremony of National Grain Company, a strategic partnership between the Saudi Agricultural and Livestock Investment Company (SALIC) and the National Shipping Company of Saudi Arabia...

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Business & Money | Monday 24 August, 2020 9:35 am

Government entities required to disclose their properties abroad

The highest authorities in the Kingdom have instructed the government departments and agencies that have properties outside the Kingdom to submit documents related to them to the State Properties General Authority.The properties include both owned and leased ones irrespective of whether they are...

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Business & Money | Monday 24 August, 2020 9:07 am

ENBD REIT hedges AED 400m facility with Mashreq Bank

ENBD REIT (CEIC) PLC (“ENBD REIT” or the “Fund”), the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has executed a Shari’a-compliant profit rate swap with Mashreq Bank, on its AED 400 million facility, which will hedge 56% of...

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Business & Money | Monday 24 August, 2020 1:54 am

SAMI names Eng. Walid Abukhaled as CEO

The Board of Directors of Saudi Arabian Military Industries (SAMI) has appointed Eng. Walid Abukhaled as CEO of the company. The decision comes following his role as Acting chief executive officer and is based on his proven ability and competence to manage the company’s business effectively...

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