Business & Money | Thursday 18 June, 2020 6:00 pm

Saudi Arabia's Public Investment Fund to invest Rs 11,367 crore in Jio Platforms

Reliance Industries and Jio Platforms on Thursday announced an investment of Rs 11,367 crore by Saudi Arabia's Public Investment Fund (PIF).This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. PIF's investment will...

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Technology & IT | Thursday 18 June, 2020 5:48 pm

Solera Audatex Launches Image Capture Solution In Record Time For Multi-National Insurer, AXA, In The United Arab Emirates

Solera Audatex (Audatex FZ LLC), part of Solera Holdings, Inc., a global leader in risk and asset management data and software solutions for the insurance and automotive industries, today announces the rapid implementation of Audatex Image Capture for use in claims underwriting for AXA,...

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Business & Money | Thursday 18 June, 2020 4:53 pm

Shaker Group narrows Q1 losses

Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the 3-month period ended 31 March 2020.  Revenue of...

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Business & Money | Thursday 18 June, 2020 3:51 pm

Sharjah Islamic Bank successfully priced $500 million Sukuk

Sharjah Islamic Bank (SIB), one of the leading Islamic banks in the UAE, priced a $500 million (1.83 billion dirhams) long 5-year sukuk, with a profit rate of 2.85 per cent per annum, fetching it an A- rating by S&P. Some of the other achievements of the bank during the year include, expansion...

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Tourism & Hospitality | Thursday 18 June, 2020 12:42 pm

Nakheel opens new community club at Warsan Village with special dining and membership deals

Warsan Club – Nakheel’s newest community dining and leisure hub – is now open for businesses, with an exciting range of dining and membership deals for Dubai residents.  Warsan Club, located on the edge of the Warsan Village community, is offering a special family membership rate of ...

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Sports | Thursday 18 June, 2020 8:45 am

Minister of Sports virtually meets with heads of Prince Mohammed bin Salman Cup Professional League clubs

Prince Abdulaziz bin Turki Al-Faisal, Minister of Sports, held a virtual meeting with the heads of the professional clubs of the Prince Mohammed bin Salman Cup League.The meeting discussed returning to sporting activity after a prolonged interruption due to (COVID-19) pandemic. ...

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Technology & IT | Thursday 18 June, 2020 3:23 am

Hybrid learning to reshape next school year: Microsoft Survey

New insights reveal a continued surge in use of digital tools for distance learning, according to a global survey by Microsoft. More than 500 members of the Microsoft Education community, representing teachers and institutional leaders from around the world, shared learnings from remote teaching...

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Cars & Autos | Thursday 18 June, 2020 3:00 am

Audi Saudi Arabia celebrate showroom opening with June Summer Campaign

Audi Saudi Arabia are celebrating the re-opening of showrooms in Riyadh, Khobar and Jeddah after the Covid-19 lockdown period with a special Summer Campaign on certain models for a limited period.  Audi A3, S3, A6, A8 and Q5 customers are now being offered 0% interest on a 5 year...

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Technology & IT | Thursday 18 June, 2020 2:36 am

OPPO launches premium 5G flagship Find X2 Pro in the UAE in partnership with Etisalat

OPPO, the leading global technology brand, has announced the launch of its much-awaited flagship smartphone, Find X2 Pro, in the UAE in partnership with Etisalat. Packed with the game-changing 5G technology, a pioneering camera system, and the most advanced screen in the industry, Find X2 Pro is an ...

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Technology & IT | Thursday 18 June, 2020 2:29 am

HONOR Confirms Upcoming Launch of the HONOR 9A in KSA

Global smartphone brand HONOR, today confirmed the upcoming launch of HONOR 9A in the KSA. The latest addition to the innovative HONOR series, HONOR 9A brings advanced technology, offering upgrades across the battery life, storage and photography. The new model provides an all-round...

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