Business & Money | Sunday 16 June, 2019 11:04 am

Saudi British Bank (Sabb) and Alawwal Bank Combine to Create Saudi Arabia’s Third Largest Bank

SABB and Alawwal bank today created Saudi banking history by legally combining their businesses. Following regulatory and shareholder approvals, the banks have now become a single listed company, creating the third largest bank by assets in Saudi Arabia. The two banks will continue to operate a...

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Business & Money | Sunday 16 June, 2019 10:56 am

The Public services department held a workshop to discuss the department's strategic plan

  On Wednesday, July 12, 2019, the Public services department held a workshop to discuss the department's strategic plan and its alignment with the Ras Al Khaimah strategy 2030.  Many important strategic topics were covered in the workshop, which would increase efficiency and...

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Business & Money | Sunday 16 June, 2019 4:36 am

KSA Participates in UN's Events to Support Innovation and Building Future Cities for People with Disabilities

The Kingdom of Saudi Arabia, represented by its Permanent Mission to the United Nations, participated Wednesday in organizing a special event on the sidelines of the Conference of States Signatories to the Convention on the Rights of Persons with Disabilities at the United Nations Headquarters in...

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Business & Money | Saturday 15 June, 2019 4:52 am

Saudi SABIC, Exxon Mobil to start construction of $9bln petrochemical plant in Texas

Exxon Mobil Corp and Saudi Basic Industries Corp said on Thursday they would start construction of a $9 billion petrochemical plant in Texas in the third quarter that would have the world's largest ethane processing capacity. The 50/50 joint venture, called Gulf Coast Growth...

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Business & Money | Friday 14 June, 2019 6:38 am

Riyadh meeting reviews enhancing Saudi-French nuclear cooperation

The fourth joint meeting of the Saudi-French Nuclear Committee reviewed the existing cooperation in the field of peaceful uses of atomic energy between the Kingdom and France and ways to further enhancing it in a way supportive to the Saudi National Atomic Energy Project. Dr. Khalid Al-Sultan,...

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Business & Money | Friday 14 June, 2019 5:36 am

Saudi Arabia’s SABIC, to start work on $9bn US plant

Exxon Mobil Corp. and Saudi Basic Industries Corp. (SABIC) said on Thursday they would start construction of a $9 billion petrochemical plant in the US in the third quarter that would have the world’s largest ethane processing capacity. The 50/50 joint venture, called Gulf Coast...

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Business & Money | Friday 14 June, 2019 4:34 am

Saudi transport authority wins international award

Saudi Arabia's Public Transport Authority (PTA) has won an award at the Global Public Transport Summit in Stockholm this week. The PTA won the International Association of Public Transport (UITP) award for its Wasl platform technology project during the UITP summit in Sweden from June...

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Business & Money | Friday 14 June, 2019 3:18 am

Emirates Islamic observes World No Tobacco Day

In association with the Ministry of Health and Prevention in the UAE, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today marked World No Tobacco Day by offering free medical consultations to its employees. The bank raised awareness among its staff about the ...

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Business & Money | Friday 14 June, 2019 1:09 am

CE-Ventures Leads $11 Million Series A Funding Round in Indian e-Commerce FoodTech Start up FreshToHome

CE-Ventures, the corporate venture capital platform of UAE-headquartered diversified global business, Crescent Enterprises, announced that it successfully led a Series A funding round of $11 million in Indian meat and seafood e-commerce company FreshToHome. Other investors in the funding round...

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Business & Money | Thursday 13 June, 2019 3:33 pm

Abu Dhabi National Exhibitions Company Obtains FTA License for VAT Waiver for International Event Organisers

Abu Dhabi National Exhibitions Company (ADNEC) today announced that it has obtained the FTA License for waiver from Value Added Tax (VAT) for all international companies and organisations participating in or holding shows and conferences at its venues across the UAE with effect from 1 June,...

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