Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the 3-month period ended 31 March 2020. Revenue of...
Sharjah Islamic Bank (SIB), one of the leading Islamic banks in the UAE, priced a $500 million (1.83 billion dirhams) long 5-year sukuk, with a profit rate of 2.85 per cent per annum, fetching it an A- rating by S&P. Some of the other achievements of the bank during the year include, expansion...
DHL Express Saudi has been recognized as Top Employer 2020 by the Top Employer Institute for the sixth consecutive year, following strong performance in the areas across multiple HR practices including Leadership Development, Learning & Development and Culture, and Talent Strategy. DHL Express...
ENOC Group has recorded 12 million cashless transactions in the first five months of this year, in a move towards encouraging cashless payments, one of the key pillars of the UAE Vision 2021, and in line with the directives issued by the UAE Government to maintain precautionary measures in the...
Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1...
Amazon today announced the launch of Amazon.sa, a dedicated store for customers in Saudi Arabia that features millions of products from both local and international businesses, including products from Amazon US. Customers shopping on Amazon.sa will enjoy great prices and fast delivery across 34...
Al Salem Johnson Controls (YORK), a pioneer in the heating, ventilation, air-conditioning and refrigeration (HVACR) sector, has launched the “YORK Hospitals Initiative” for maintenance work, last March, in cooperation with the Ministry of Health, to support the Healthcare Sector in facing the...
Highlighting the importance of continuity in policies, the chair of the a think tank Dr. Fahad Al-Turki said the T20 will assess new challenges and will provide recommendations based on facts. Al-Turki, who is vice president of research at the King Abdullah Petroleum Studies and Research...
The Abu Dhabi Department of Economic Development (ADDED) has launched a foot patrol initiative to monitor and inspect the economic facilities in the emirate of Abu Dhabi through bicycles equipped with all the requirements of inspectors. This move aims at accelerating awareness-raising and...
Nakheel Mall is hosting a Ripe Retail Pop-Up every weekend from now until 24 October, bringing together up to 20 home-grown small businesses for a boutique market on Palm Jumeirah. Ripe at Nakheel Mall is on every Friday and Saturday from 19 June, with a diverse collection of fashion, art,...