Business & Money | Tuesday 7 August, 2018 12:39 pm

Second quarter of 2018 profits up 21%; SHUAA

  SHUAA Capital psc today announces its financial results for the period ended 30 June 2018, with quarterly revenues increasing to AED 30.8 million (Q2 2017: 30.4 million), and profits up 21% to AED 14.6 million (Q2 2017: AED 12.1 million).   During this period SHUAA’s...

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Business & Money | Tuesday 7 August, 2018 11:49 am

7 Thousand Cars from Alwaleed Philanthropies in Partnership with Ford for and Car Grants Project

Alwaleed Philanthropies (AP), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, announces the signing of a MOU with Aljazirah Vehicles Agencies, the dealer of Ford and Lincoln cars in the Kingdom, to distribute 7,000cars, overall, one thousand cars a year to be provided for the...

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Business & Money | Tuesday 7 August, 2018 8:51 am

US Senate official visits KSRelief

Ark Triger, the senior staff Republican officer in charge of Middle East affairs at the foreign relations committee of the US Senate, on Monday visited the Riyadh-based King Salman Humanitarian Aid and Relief Center (KSRelief). The US official met senior officials including Ahmed bin Ali Al-Baiz,...

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Business & Money | Tuesday 7 August, 2018 8:00 am

Makkah governor briefed on Saudi Post’s services for pilgrims during Hajj

The president of the Saudi Post Corporation (SPC), Mohammed Al-Abduljabbar, called on Makkah Gov. Prince Khaled Al-Faisal at his office in Jeddah on Monday.  The Makkah governor reviewed the corporation’s preparations to serve the Hajj pilgrims in Makkah and other holy...

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Business & Money | Tuesday 7 August, 2018 6:31 am

Yahsat Completes Thuraya Acquisition and Appoints New CEO

Today, Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, completed the acquisition of a majority and controlling stake in the mobile satellite services operator Thuraya. Ali Al Hashemi, who has led...

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Business & Money | Tuesday 7 August, 2018 2:04 am

First domestic asset manager in Saudi Arabia signals commitment to shape a more trustworthy financial industry

CFA Institute, the global association of investment professionals, announces today that Jadwa Asset Management claims compliance with the Global Investment Performance Standards (GIPS). Jadwa Asset Management, a division of Jadwa Investment, is the first firm which is domiciled in Saudi Arabia ...

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Business & Money | Tuesday 7 August, 2018 1:14 am

L’azurde acquires the KSA franchisee for TOUS brand to expand in the affordable luxury jewelry segment

:L’azurde Company for Jewelry (“L’azurde” or “the Company”), the largest gold and diamonds jewelry designer, manufacturer, wholesale and retail distributor in the Middle East, announced today it has signed the Share Purchase Agreement (SPA) to acquire...

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Business & Money | Monday 6 August, 2018 8:33 pm

YORK’s Innovative Solution Saves Up to 70 Million Liters of Fresh Water a Year for a Major Theme Park

Al Salem Johnson Controls (YORK) has succeeded in devising new technologies that have contributed to the energy consumption of “Al-Shallal Theme Park” in Jeddah. These technologies enabled the Theme Park to achieve an annual power saving of up to 1.5 million riyals, by using "water ...

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Business & Money | Monday 6 August, 2018 3:20 pm

Federal Competitiveness and Statistics Authority Signs Partnership Agreement with GCC Statistical Centre

The Federal Competitiveness and Statistics Authority (FCSA) has signed a partnership agreement with the Statistical Centre of the Gulf Cooperation Council for the Arab States of the Gulf (GCC-Stat), as it prepares to host the second UN World Data Forum in the UAE on October 22,...

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Business & Money | Monday 6 August, 2018 12:58 pm

World Green Economy Summit to highlight the role of public-private leaderships in driving green growth

The transformation to a green economy needs fundamental cooperation of both the private and public-sector leaderships, and this responsibility will be highlighted at the annual World Green Economy Summit (WGES 2018). WGES will encourage political and corporate leaders to exchange views on how...

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