Business & Money | Thursday 11 February, 2016 12:20 pm

DAMAC Properties net profit grew 30% to AED 4.51 billion (US$1.23 billion) for full year 2015

DAMAC Properties Dubai Co PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading developer of high-end property in the Middle East, announces results for year ended 31 December 2015.    Financial Highlights   During full year 2015, DAMAC recorded...

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Business & Money | Thursday 11 February, 2016 7:56 am

MENA Women in Finance Award Launched at Diversity Event

A new Middle East & North Africa (MENA) ‘Women in Finance’ award has been launched at an event in Dubai which looked at how businesses can encourage greater diversity and benefit in the process.   The award initiative was announced by event host ACCA (the Association of...

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Business & Money | Thursday 11 February, 2016 7:52 am

OSN marks region’s first all-transaction window buyout deal with Gulf Film for exclusive access to its premium content

Movie-lovers can now have the best of both worlds as OSN, the region’s leading pay-TV network, and Gulf Film, a distributor of major studio productions and independent movies, have signed a six-year exclusive partnership through 2021 for premium film content.   Marking a regional...

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Business & Money | Thursday 11 February, 2016 7:43 am

Philip Morris International Recognized as Top Employer in Europe and the Middle East

Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today was recognized as a Top employer in Europe for the fourth consecutive year, and for the first time in the Middle East, in recognition of the company’s excellent work environment and exceptional development opportunities...

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Business & Money | Thursday 11 February, 2016 7:35 am

Aqualia gets award for step to modernize water sector

The Governor of Riyadh Prince Faisal Bin Bandar Bin Abdul Aziz Al Saud) presented the Award for Water to Javier Díaz, manager of Aqualia in Saudi Arabia, during the Saudi Water Electricity Forum (SWEF) held in Riyadh this week. The award pays recognition to the work carried out by Aqualia ...

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Business & Money | Thursday 11 February, 2016 7:29 am

Riyadh Metro project on course: Governor

The $22-billion Riyadh Metro project is going on according to the plan despite the fact that many global projects are faltering. “There are many stalled projects all over the world and not in the Kingdom alone, but the metro project in the Saudi capital is proceeding according to...

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Business & Money | Thursday 11 February, 2016 2:33 am

Arabia CSR Awards 9th Cycle launched

The region’s premier CSR and Sustainability Awards scheme was officially launched in the United Arab Emirates in a press conference held this morning. Currently in its ninth cycle, the Arabia CSR Awards have been successful in unveiling the good examples and best practices coming out of...

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Business & Money | Wednesday 10 February, 2016 3:20 pm

JOTUN SAUDIA Awards Fenomastic my Home Promotion Winners With 5 Home Theater Sytems And 100 Laptops

Jotun, the Kingdom’s no. 1 paint manufacturer, held a draw recently for 5 home theater systems and 100 laptops to cap off their campaign for “Fenomastic My Home - Most Beautiful Paint Ever”. The ceremony took place in presence of Chamber of Commerce representative and Jotun Saudia ...

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Business & Money | Wednesday 10 February, 2016 2:31 pm

Strong Presence for Sharjah Waterfront City at the ACRES Middle East Exhibition

Sharjah Oasis Real Estate Development, a rising real estate developer in the region, has set the infrastructure completion date of phase 1 Sharjah Waterfront City to be June 2016. The announcement was made in the occasion of the developer’s participation at the ACRES Middle East Investment...

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Business & Money | Wednesday 10 February, 2016 10:04 am

Alkhabeer Capital Launches its IPO Fund

Alkhabeer Capital, a leading asset management and investment firm in Saudi Arabia, announced today the launch of Alkhabeer IPO Fund.  The Alkhabeer IPO Fund is a Sharia Compliant, Open-Ended Investment Fund targeting IPOs and newly listed companies in Saudi Arabia during their first three...

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