Business & Money | Monday 24 August, 2020 9:07 am

ENBD REIT hedges AED 400m facility with Mashreq Bank

ENBD REIT (CEIC) PLC (“ENBD REIT” or the “Fund”), the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has executed a Shari’a-compliant profit rate swap with Mashreq Bank, on its AED 400 million facility, which will hedge 56% of...

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Technology & IT | Monday 24 August, 2020 3:10 am

AVEVA to host Second Global Customer Event in ‘AVEVA World Digital’ Series to Explore Agile Technology Solutions

AVEVA, a global leader in engineering and industrial software, today announced the speakers for its second AVEVA World Digital virtual customer event, taking place on the 25th - 26th August, 2020. The event is aimed at all industrial professionals including CXOs, department heads,...

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Government | Monday 24 August, 2020 2:05 am

King Salman issues royal decrees

King Salman issued two royal decrees on Sunday.In the first, Ghassan Al-Shibl was relieved of his post as the chairman of the board of the Local Content and Government Procurement Authority.He was replaced by Bandar bin Ibrahim bin Abdullah Alkhorayef.Hatem bin Hasan bin Hamza Al-Marzouki was...

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Technology & IT | Monday 24 August, 2020 1:59 am

The Latest HUAWEI AppGallery Apps Will Help You Manage Your Mobile Plans Easily

This latest selection features apps created for Saudi users to help them stay on top of their mobile phone telecoms subscriptions, recharge services, billing and more. Created to offer maximum convenience to Huawei users, the verified apps from HUAWEI AppGallery will empower users’ digital...

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Business & Money | Monday 24 August, 2020 1:54 am

SAMI names Eng. Walid Abukhaled as CEO

The Board of Directors of Saudi Arabian Military Industries (SAMI) has appointed Eng. Walid Abukhaled as CEO of the company. The decision comes following his role as Acting chief executive officer and is based on his proven ability and competence to manage the company’s business effectively...

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Government | Sunday 23 August, 2020 10:37 am

Saudi Passports: Transfer of ID must for renewal of residency of expat over 25 years

The General Directorate of Passports has revealed an important condition for renewing the residential permit (iqama) of a resident over the age of 25.If the head of the family wants to renew his iqama and those of all the dependents in his family, but one dependent has exceeded the age of 25 years, ...

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Business & Money | Sunday 23 August, 2020 10:27 am

Covid-19 response: Dubai Customs ensures supply chain continuity during pandemic

Dubai Customs has played a pivotal role in ensuring the continuity of global and local supply chains amid the Covid-19 pandemic. Customs inspection and clearance operations at sea, air and land entry-points have been running around the clock to ensure smooth flow of cross-border trade as well as...

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Culture & Education | Sunday 23 August, 2020 10:19 am

Ma’arif for Education and Training offers school fee waiver initiative and is fully set for the new academic year

Ready to welcome students for e-learning in the new academic year, Ma’arif for Education and Training, one of the largest private school owners and operators in Saudi Arabia, announced today a tuition fee waiver initiative ranging from 10%-100% for students in Manarat Schools, Al Faisalia Islamic ...

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Business & Money | Sunday 23 August, 2020 6:16 am

SASO, UL Discuss Strengthening Cooperation

The Saudi Standards, Metrology and Quality Organization (SASO) discussed, in a virtual meeting, the means of strengthening cooperation with the Underwriters Laboratories (UL), as a continuation of cooperation between the two sides and in order to activate the memorandum of understanding signed...

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Tourism & Hospitality | Sunday 23 August, 2020 5:19 am

GACA Contributes to Growth of Domestic Tourism in Southern Regions

The General Authority for Civil Aviation (GACA) has provided a seating capacity for the southern airports with the aim of connecting all regions of the Kingdom of Saudi Arabia by air. This has contributed to meeting the growing demand for travel and for the development of tourism and economic...

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