Business & Money | Thursday 27 August, 2020 10:01 am

ENBD REIT announces Q1 NAV of USD 215 million; Balance sheet and cash flows healthy while cost controls mitigate pressures

ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its Net Asset Value  (“NAV”) for the first quarter ended 30th June 2020. ENBD REIT’s NAV stood at USD 215 million, as compared to...

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Business & Money | Thursday 27 August, 2020 6:11 am

 FedEx and Direct Relief Team Up to Deliver Aid to Lebanon

More than 60 tons of critical aid will soon offer needed relief to medical personnel in Beirut, Lebanon. FedEx Corp. (NYSE: FDX) transported the emergency supplies via a dedicated charter flight to help health facilities responding after a deadly explosion ripped through the city earlier this...

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Business & Money | Thursday 27 August, 2020 4:31 am

CASIO opens one of Saudi’s largest CASIO store in Tabouk

Renowned global watchmaker, CASIO, has opened its new CASIO store in Tabouk, in partnership with the renown “Swiss House” a leading retailer of watch and jewelry in the northern city of Tabouk .To mark the special occasion, CASIO's latest models were revealed and will be available at the Tabouk ...

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Business & Money | Thursday 27 August, 2020 3:39 am

Sajed Sbeih to Take Over as Managing Director Commercial Operations for General Motors Africa and Middle East

General Motors has appointed Sajed Sbeih as Managing Director Commercial Operations for its business in Africa and Middle East. Sbeih will report directly into the newly appointed Luay Al Shurafa, President and Managing Director General Motors AMEO. In his new role, Sbeih has a clear mandate...

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Business & Money | Wednesday 26 August, 2020 3:05 pm

GROHE Saves Water for Future Generations in Partnership with the Saudi Food Bank, Ita’am

GROHE, the leading global brand for full bathroom solutions and kitchen fittings brought back its Turn Water Into Food program to the Kingdom of Saudi Arabia for the second time in partnership with the Food Bank. The award-winning program designed to guarantee the responsible use of water granting...

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Business & Money | Wednesday 26 August, 2020 2:44 pm

Saudi Renewable Sector to Generate 750,000 Jobs over the Next 10 Years

A recent report by the U.S.-Saudi Business Council (USSBC) has revealed that the level of ongoing investments in Saudi Arabia’s renewable sector is expected to create up to 750,000 jobs over the next 10 years, and will become a prominent sector in the development of Saudi talent. The report cited ...

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Business & Money | Wednesday 26 August, 2020 4:36 am

Al Jomaih & Shell participates as a Key Exhibitor in SABIC Conference 2020

Al Jomaih & Shell Lubricating Oil Company (JOSLOC) participated as a key exhibitor in the 2020 Exhibition of SABIC Conference, during which it showcased its superior and diverse industrial product portfolio, while providing its existing & prospective customers with a deep insight into...

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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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