Business & Money | Wednesday 19 August, 2020 10:39 am

Shaker Group achieves net profit for 1H 2020; Strong sales drove revenue growth of 8.4%

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 6-month period ended 30 June 2020.  Revenue of SAR ...

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Business & Money | Wednesday 19 August, 2020 10:33 am

Federal Youth Authority Launches ‘Youth Councils Manual’ in Collaboration with Ernst & Young Middle East North Africa (EY)

The Youth Council at EY MENA launched an initiative to develop the Federal Youth Authority’s (FYA) ‘Youth Councils Manual’, which provides an overview of the opportunities and benefits Youth Councils offer their members. The Manual additionally outlines the extensive network of Youth...

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Business & Money | Wednesday 19 August, 2020 10:17 am

Long-Life Milk: From Farm to Table

Milk is undoubtedly a staple for many consumers given the nutrients that it naturally contains, which include high levels of calcium, phosphorous and potassium - substances that are essential for building strong bones and teeth. In addition, milk contains high-quality proteins necessary to build...

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Business & Money | Wednesday 19 August, 2020 1:32 am

SAMA Releases First Quarterly Report of Insurance Sector Performance for 2020

The Saudi Arabian Monetary Authority (SAMA) is pleased to release its first quarterly report of the insurance sector for the year 2020. SAMA intends to release the aforementioned report annually. Simultaneously, SAMA shall continue publishing the key performance indicators of the sector at a...

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Business & Money | Tuesday 18 August, 2020 4:28 pm

ARCAPITA EXITS HEALTHCARE INVESTMENT

Arcapita and Mumtalakat consortium exits stake in NAS Neuron Health Services The successful investment has exceeded target returns over a three-year holding period Arcapita Group Holdings (“Arcapita”), the global alternative investments firm, and Bahrain Mumtalakat Holding Company...

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Business & Money | Tuesday 18 August, 2020 4:17 pm

Ras Al Khaimah Chamber of Commerce and Industry and Stevie Middle East Announce the Virtual Award Ceremony on the 25th of August

Ras Al Khaimah Chamber of Commerce and Industry, Sponsor for Middle East Stevie Awards and organizers of Stevie Awards 2020, announced that the virtual award ceremony shall be held on Tuesday, 25th of August, 2020, at 2:00pm (UAE time), as 153 award innovators and winners shall be honored. The...

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Business & Money | Tuesday 18 August, 2020 2:11 pm

GVG Real Estate Development introduces innovative real estate solutions for real estate buyers of off-plan projects

GVG Real Estate Development introduces innovative real estate solutions for real estate buyers of delayed or canceled off-plan projects inside or outside the UAE, who are experiencing delays in their projects due to the recent current crisis, which is expected to have long-term...

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Business & Money | Tuesday 18 August, 2020 11:04 am

Rania Nashar Wins the Distinguished Arab Woman Award in the Field of Economics and Banking for the Year 2020

The Arab Women Authority announced its choice of Ms. Rania Nashar for the Distinguished Arab Woman Award in the field of economics and banking for the year 2020, culminating her successful career and distinguished achievements in the Arab banking and economic activity, and in recognition...

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Business & Money | Tuesday 18 August, 2020 5:18 am

Majid Al Futtaim expands its fashion offering with new Abercrombie & Fitch and Hollister stores for Riyadh

Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, has expanded its fashion retail business in Saudi Arabia with the opening of two new stores from global specialty retailer Abercrombie & Fitch Co. The openings bring...

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Business & Money | Tuesday 18 August, 2020 1:23 am

Mastercard Enhances Security Capabilities as E-Commerce Accelerates in Saudi Arabia

As e-commerce continues to accelerate owing to the COVID-19 pandemic, Mastercard is leading the way in fostering cybersecurity and combatting fraud in Saudi Arabia and across the Middle East and North Africa.                         ...

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