Healthcare | Wednesday 15 July, 2020 1:48 pm

Gulf Pharmaceutical Industries ‘Julphar’ rights issue oversubscribed by 2.3 times

Gulf Pharmaceutical Industries PSC (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, has announced today that its AED 500 million rights issue was successfully completed and more than two times oversubscribed. The company will use the net proceeds of the ...

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Business & Money | Wednesday 15 July, 2020 1:39 pm

Transguard Group Further Solidifies its Position in the Finance, Banking and Government Sectors

Business solutions provider Transguard Group has announced that Saeed Al Marzouqi has recently been brought on board as its new Senior Director-Group Strategy and Sales. Al Marzouqi joins Transguard from Noor Bank, where he served as Vice President and Head of Institutional Sales for the Treasury...

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Business & Money | Wednesday 15 July, 2020 1:32 pm

Dubai real estate activity fell sharply in Q2, although June figures point to a recovery in sales transactions

Dubai’s residential sector faced a challenging second quarter of 2020, with social distancing measures, coupled with Covid-19’s economic impact, affecting market performance.  However, with encouraging transaction figures in June, a move towards more typical sales volume is expected in Q3, ...

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Business & Money | Wednesday 15 July, 2020 11:22 am

Almarai Tops 2020's Most Chosen Brands in the Kingdom

Almarai company topped the list of the most chosen FMCG brands by consumers in Saudi Arabia for the year 2020, according to the Brand Footprint study issued by KANTR Media for market research, which polls the consumers' views on different companies around the world.   Among 521...

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Business & Money | Wednesday 15 July, 2020 10:55 am

ADDED launches ‘Paperless Business Challenge’ as part of move to fully digitize internal and external transactions

The Abu Dhabi Department of Economic Development (ADDED) has launched the ‘Paperless Business Challenge’ aimed at helping preserve the environment by reducing wastage from excessive and poor usage of paper which negatively impact natural resources. Under the challenge, ADDED will implement...

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Business & Money | Wednesday 15 July, 2020 10:52 am

Dynamiq announce a new strategic partnership with Carter & White

Dynamiq, the high-quality Italian superyacht builder, announce a new strategic partnership with Carter & White, the bespoke bed-and-bath linen brand in Dubai.  Comfortable sleep is essential on-board yachts and Carter & White are the best in the business as...

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Business & Money | Wednesday 15 July, 2020 10:40 am

PEUGEOT Launches New Webstore for Customers in the GCC

Online sales platform will enable customers to buy new models and schedule valet test drives all from the comfort of home  PEUGEOT has launched a new online webstore for its customers in the region. The new portal will provide customers with a variety of options including buying a...

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Business & Money | Wednesday 15 July, 2020 10:36 am

Gulf Pharmaceutical Industries ‘Julphar’ rights issue oversubscribed by 2.3 times

Julphar launched AED 500 million rights issue at an offer price of AED 1 per share on 29th June 2020 Total bids received from existing rightsholders stood at AED 1.14 billion on application which closed on 12th July 2020Gulf Pharmaceutical Industries PSC (Julphar), one of the largest...

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Business & Money | Wednesday 15 July, 2020 10:24 am

LWK + PARTNERS designed the Crown Jewel of Emaar’s Downtown Dubai “Burj Crown”

The MENA Studio of Hong Kong-based practice LWK + PARTNERS has earlier this year completed the design package for the latest project “Burj Crown” by Emaar. The luxury residential development is the final addition to Dubai’s renowned Downtown Skyline. A unique urban residential...

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Business & Money | Wednesday 15 July, 2020 3:29 am

Michelin launches back to normal campaign in the Kingdom of Saudi Arabia

Michelin has announced important updates to its services and offers in the Kingdom of Saudi Arabia, announcing adoptions of rigorous safety protocols at its stores following government directives of safety regulations for COVID-19, as well as exciting offers and promotions for its...

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