Business & Money | Tuesday 17 December, 2019 1:37 pm

Mastercard and SABB Partner to Deliver Better, Faster and More Secure Cross-Border Payments Solutions in Saudi Arabia

Mastercard and The Saudi British Bank (SABB) have announced a collaboration to offer customers a faster, simpler, and more secure way to make international payments. Through Mastercard Send for Cross-Border, a push-payments platform that allows for real-time fund transfers, SABB customers will soon ...

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Business & Money | Tuesday 17 December, 2019 1:35 pm

Dubai Customs honors 21 top performing clients

Dubai Customs held its monthly client recognition ceremony to honor best performing clients and businesses in various categories. A total of 21 companies received shields of appreciation in the presence of Ahmed Mahboob Musabih, Director General of Dubai Customs and a host of business...

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Business & Money | Tuesday 17 December, 2019 11:39 am

InoChem Signs a Mega SAR 1.7 Billion Financing Facility with Alinma Bank and Albilad Bank

Khair Inorganic Chemical Industries Company (“InoChem”) has signed a SAR 1.7 billion Wakala and Forward Ijarah Facility loan agreement with Alinma Bank and Albilad Bank with a tenure of 13 years. The facility’s main purpose is to fund the setting up of an industrial complex in Ras ...

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Business & Money | Tuesday 17 December, 2019 4:30 am

Deloitte: Digitizing Tax in the GCC

Deloitte hosted an innovative series of ‘tax lab’ summits across the Gulf Cooperation Council (GCC) for businesses. The purpose of the sessions was to discuss how automation, digital protocols and methodologies would transform tax accounting, reporting and compliance in the region. The...

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Business & Money | Tuesday 17 December, 2019 4:06 am

Grandiose brings festive cheer to Dubai Silicon Oasis with its seventh UAE store opening

Grandiose, the fast-growing contemporary supermarket chain continues its rapid expansion with the opening of its seventh UAE outlet in Dubai Silicon Oasis on December 15.   The theme of this latest opening is ‘Your Festive Supermarket’ and visitors to the store can...

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Business & Money | Tuesday 17 December, 2019 3:01 am

“MAG Development” lays the foundation stone for the “MAG City”

“MAG Development “, the real estate arm of the Mag Holding Group, announced today the laying of the foundation stone for the "Mag City" project, located in the city of Mohammed Bin Rashid in the Meydan District 7. The ceremony for the estimated $2bn project was held in the...

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Business & Money | Tuesday 17 December, 2019 2:50 am

The Big 5 Saudi Returns To Jeddah For Its 10Th Anniversary Edition

dmg events LLC, the organisers of The Big 5 Saudi, announce that the construction event will return to the Jeddah Centre for Forum & Events from 8 – 10 March 2020 for its grand 10th-anniversary edition.  A meeting place for the global construction industry in Saudi Arabia,...

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Business & Money | Tuesday 17 December, 2019 1:34 am

Haramain High Speed Railway to resume trips to Makkah Wednesday

The Director General for Operation and Maintenance in the Haramain High Speed Railway Eng. Rayyan Al-Harbi has announced that operation of railway trips to Makkah will resume on Wednesday, after completion of the “alternative railway route”, Saudi Press Agency (SPA) said...

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Business & Money | Monday 16 December, 2019 1:16 pm

Thousands apply for Red Sea Development Company Elite Graduate Program

The Red Sea Development Company (TRSDC), the developer behind one of the world’s most ambitious tourism projects, has received an overwhelmingly positive response to a nationwide social media campaign inviting graduates to apply for the Elite Graduate Program. The program is due to commence...

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Business & Money | Monday 16 December, 2019 1:08 pm

First Abu Dhabi Bank further expands in KSA with the opening of Jeddah branch

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, further expands into the Kingdom of Saudi Arabia with the opening of a branch in Jeddah. The Saudi Arabian Monetary Authority (SAMA) has granted FAB a licence to open...

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