Business & Money | Tuesday 31 July, 2018 4:14 pm

Emirates NBD Saudi Arabia and KAFALAH Program renew their partnership

Emirates NBD Saudi Arabia, renewed its partnership with the Kingdom’s KAFALAH Program ((SME Financing Guarantee Program) at a signing ceremony held on the 24thJuly 2018 at the bank’s premises in the capital Riyadh.  KAFALAH Program is a collaboration between the Ministry of...

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Business & Money | Tuesday 31 July, 2018 10:04 am

MEPCO achieves 1H net profit increase of 166%

The Middle East Paper Co. (‘MEPCO’), the region’s leading vertically-integrated paper manufacturer, has announced its interim financial results for the six months ended 30 June 2018. Net profit of SAR 57 million in the first half increased by 166% on H1 2017. STRATEGIC...

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Business & Money | Tuesday 31 July, 2018 8:00 am

The Board of Directors of the National Commercial Bank has recommended the distribution of dividend to the shareholders for the first half of 2018

The Board of Directors of the National Commercial Bank has recommended on Sunday 16-11-1439H corresponding to 29-07-2018 the distribution of dividend to the shareholders for the first half of 2018 as following: 1.Total amount of distribution of dividend SAR 2,989,409,411 2.Number of shares...

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Business & Money | Tuesday 31 July, 2018 7:52 am

Mi Capital opens doors to India’s US$88.23 bn affordable housing market for GCC investors

Gulf investors will now be able to tap the US$88.23 billion (INR6 trillion) affordable housing market following a tie-up between Mi Capital, a Dubai-based financial institution dealing in corporate finance, capital restructuring, mergers and acquisitions, and Life Insurance Corporation Housing...

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Business & Money | Tuesday 31 July, 2018 4:50 am

Shurooq and Besix to Invest in a Sustainable Development Wastewater Project in Sharjah

The Sharjah Investment and Development Authority (Shurooq) and BESIX, the region’s leading company operating in infrastructure concessions and construction, has signed a joint venture agreement to operate and maintain an existing wastewater treatment plant in Al Saja’a area in ...

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Business & Money | Monday 30 July, 2018 4:00 pm

Alawwal bank reports Q2 net profit of SAR 254m

Alawwal bank announced its financial results for the second quarter of 2018, reporting net income of SAR 254m down 11% vs Q1. Net operating income for the quarter increased by 6.3% to SAR 571m. Non Funded Income had a particularly strong quarter, up 10% from Q1.  Q2 saw Alawwal bank ...

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Business & Money | Monday 30 July, 2018 5:54 am

Ajman Media City Free Zone Announces A Strong Portfolio Of Cost Effective Business Services

Ajman Media City Free Zone, a world class free zone hub for the creative, media and entertainment industry announces customer friendly cost effective packages for new business set-up in the UAE. H E Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone said ahead of the...

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Business & Money | Sunday 29 July, 2018 11:17 am

Nestlé reports half-year results for 2018

  •       Organic growth of 2.8%, with 2.5% real internal growth (RIG) and pricing of 0.3%.  •       Total sales increased by 2.3% to CHF 43.9 billion (6M-2017: CHF 42.9 billion). Acquisitions and...

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Business & Money | Sunday 29 July, 2018 3:55 am

Sipchem, Argaam sign MoU to amplify investor relations

SAUDI International Petrochemical Co. (Sipchem) and Saudi-based Argaam Investment Co. last Monday signed a memorandum of understanding (MoU) to enhance investor relations (IR) role and practices in the local equity market, the two companies said in a joint statement. Other initiatives are likely ...

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Business & Money | Sunday 29 July, 2018 3:35 am

Canon highlights importance of Customer Delight during Service Partners’ Forum 2018

Canon Middle East hosted the Service Partners’ Forum 2018, bringing together heads of the service function from partner organisations across the Middle East. Three directors from Canon Europe joined Canon Middle East executives to lead sessions during the forum, which took place in...

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