Business & Money | Tuesday 4 August, 2020 3:55 am

Dubai Investments reports net profit of AED 205 million for the six month period ended June 30, 2020

Dubai Investments PJSC [DFM: DIC], the leading, diversified Investment company listed on the Dubai Financial Market, has reported net profit of AED 205 million for the period ending June 30, 2020, compared to AED 353 million for the same period last year.  The drop in net profit is mainly ...

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Business & Money | Monday 3 August, 2020 12:20 pm

Executive Appointment: Feras Al Jaramani joins Mashreq as Head of Public Sector, Healthcare, Education and Energy

Mashreq, one of the leading financial institutions in the UAE, has appointed Feras Al Jaramani as Executive Vice President, Head of Public Sector, Healthcare, Education and Energy. In his role, Feras will be responsible for growing Mashreq’s expanding portfolio across his designated sectors...

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Business & Money | Monday 3 August, 2020 11:33 am

Arada awards AED423 million construction contract to build East Village, the second phase of Sharjah megaproject Aljada

Major contract award to Best Building Contracting Company will result in the construction of 16 apartment blocks and almost 2,000 units in totalEast Village community is now 95% sold out, and will be completed by December 2021 Arada has awarded a major contract to build East Village, the...

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Business & Money | Monday 3 August, 2020 11:18 am

DIFC Academy and LexisNexis MENA strengthen strategic partnership with the launch of two new technology initiatives

The DIFC Academy and LexisNexis MENA are strengthening their strategic partnership with two new initiatives: "The Annual Technology Adoption Index” and "The Legal Tech Glossary." These projects follow five years of fruitful collaboration, including the publication of the official DIFC Law...

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Business & Money | Thursday 30 July, 2020 4:10 pm

The gold price rallies with record ETF inflows while COVID-19 hits consumer demand in H1

The COVID-19 pandemic impacted the consumer sectors of the gold market in H1 2020, with total demand dropping by 6% to 2,076t versus the same period in 2019, according to the World Gold Council’s latest Gold Demand Trends report. However, while overall gold demand fell, H1 saw record flows...

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Business & Money | Thursday 30 July, 2020 1:06 am

Almarai The KSA Most Influential Brand

Almarai took the number one spot as the most influential brand in Saudi Arabia, driven mainly by its trustworthiness and Corporate Citizenship. This is part of Ipsos’s “Most Influential Brands” survey, which reflects the desire of people to interact with the brand and strongly recommend...

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Business & Money | Wednesday 29 July, 2020 9:49 pm

Saudi Enaya Cooperative Insurance Company Launches Market Leading Policy Intelligence Tool in Collaboration with Tableau®️

Aligning with the vision of bringing world-class quality health insurance to the Middle East, Saudi Enaya is proud to be launching this ground-breaking technology for the first time in Saudi Arabia. The technology is bound to transform the experience of policyholders when managing their health...

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Business & Money | Wednesday 29 July, 2020 10:28 am

Saudi Arabia’s Amlak International achieves 129% net income growth in H1 2020

Saudi Arabia’s leading non-bank real estate lender, Amlak International (“Amlak” or the “Company”), has announced its financial results for the period ended 30 June 2020. Net income grew by 20.9% y-o-y to SAR 23.8 million for the Q2 2020 period, and by 129% y-o-y to SAR 53.3 million for...

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Business & Money | Wednesday 29 July, 2020 1:27 am

Imdaad wins three-year contract to deliver FM services at 1/JBR

Imdaad, a Dubai-based group of companies that provides integrated, sustainable Facilities Management (FM) services that enhance operational efficiencies of physical assets, has signed a three-year contract with Dubai Properties to deliver a range of hard and soft FM services at 1/JBR, a residential ...

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Business & Money | Wednesday 29 July, 2020 12:25 am

MOT completes 491-km-road maintenance work leading to Makkah in preparation for Hajj

In preparation for this year’s Hajj, the Ministry of Transport has completed the maintenance of about 491 km of roads leading to Makkah and has assigned buses for each pilgrim group with full precautionary measures.   These steps follow the directives of Custodian of the Two Holy...

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