Business & Money | Monday 13 May, 2019 4:00 am

In line with its expansion plans to reach customers all over the world, BoConcept opens its largest global store in Riyadh

  BoConcept, the Danish international retail furniture chain, has announced opening its biggest global store in the Saudi capital Riyadh on April 30, 2019. This step comes in support of BoConcept's strategy to expand and reach the largest customer base and contribute towards achieving a ...

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Business & Money | Monday 13 May, 2019 3:06 am

Saudi Arabia's non-oil sector set for boost as economic reforms take off

Saudi Arabia’s non-oil sector is set for a further boost as the Kingdom’s economic reforms pay dividends and work begins on a raft of mega-projects, a report published Sunday found. Under the ambitious Vision 2030 plan, the country is looking to reduce its reliance on the energy...

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Business & Money | Monday 13 May, 2019 1:31 am

Experts at Emirates Institute for Banking and Financial Studies Workshop Concur Fintech is Key to Shaping Sustainable Islamic Finance Environment

Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, held an interactive workshop on the implications of Fintech in Islamic Finance in collaboration with the Dubai Islamic Economy Development Centre (DIEDC).  Zubair...

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Business & Money | Sunday 12 May, 2019 10:50 pm

Eshraq Investments announces AED 2.1mn net profit for Q1 2019

  Eshraq Investments PJSC (“Eshraq” or “Company”), the Abu Dhabi based investment and real estate company listed on Abu Dhabi Securities Exchange (“ADX”), has reported a net profit of AED 2.1 million for Q1 2019. The Company witnessed a 7% year-on-year...

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Business & Money | Sunday 12 May, 2019 8:48 pm

Carrefour Hypermarket Opens at the World First Nature Inspired Cityland Mall

A brand new 109,000 Sq ft Carrefour Hypermarket, developed as part of major retail development, Cityland Mall, off the 311 Sheikh Mohammed Bin Zayed highway, has opened its doors. The 1.2 million sq. ft GLA Cityland Mall is adjacent to Global Village, and Carrefour, being developed as part of...

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Business & Money | Sunday 12 May, 2019 4:30 pm

Ali & Sons Renews Agreement with Mobil

Ali & Sons, exclusive agents  of Porsche, VW and Audi vehicles in Abu Dhabi, and EMA Lubricants (a joint venture between ExxonMobil and Gibca group in the UAE) have announced the renewal of the agreement in which all Porsche, VW and Audi cars serviced in Ali & Sons’ workshops in...

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Business & Money | Sunday 12 May, 2019 3:43 pm

NIKAI TO EXPAND ITS GLOBAL PRESENCE IN MIDDLE EAST, AFRICA & EURASIA

  Driven by strong economic growth and increasing consumer demand, Nikai Group of Companies – a diversified business group announced its plans to expand their business in Egypt, Iraq, Azerbaijan and Congo, as part of their aggressive expansion strategy for 2019. The change will...

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Business & Money | Sunday 12 May, 2019 2:34 pm

Bayt.com Celebrates a Successful First Quarter, with 116,000 Jobs Available

  Bayt.com, the Middle East’s #1 job site, announced today that it has had a great first quarter, with increases in online activity, job seeker registrations, job postings, and number of CV searches undertaken on the website. Today, over 40,000 of the regions' leading companies...

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Business & Money | Sunday 12 May, 2019 12:03 pm

Amanat Holdings records 43% growth in Net Profit in Q1 2019

Amanat Holdings PJSC (“Amanat”), the GCC’s largest healthcare and education investment company, today announced its results for the first quarter ending 31 March 2019.   Amanat realized a Net Profit of AED 20.7 million, a 43% increase compared with the same period in...

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Business & Money | Sunday 12 May, 2019 6:14 am

LuLu launches Ramadan Initiatives

LuLu, the largest hypermarket chain in the region, announced its charity initiatives for the holy month of Ramadan. As part of its CSR, the highlight of this year’s initiatives is the Happy Trolley campaign. It is a trolley placed in different LuLu locations, where customers can donate any...

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