Business & Money | Thursday 4 January, 2018 12:50 am

Jadwa Investment Launches Jadwa REIT Saudi Fund

Jadwa Investment, a leading investment management and advisory firm, announced today the offering of its second Shariah-compliant real estate investment traded fund, “Jadwa REIT Saudi Fund”.  The new REIT fund will aim to invest in a diversified manner across the Kingdom, and comes ...

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Business & Money | Wednesday 3 January, 2018 3:51 pm

Efs Facilities Services Wins Integrated Facilities Management Contract With King Abdullah Economic City

EFS Facilities Services, a regional leader in facilities management services across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch a SAR 13 million integrated facility management venture at King Abdullah Economic City (KAEC).   Under the terms of...

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Business & Money | Wednesday 3 January, 2018 1:59 pm

EQUATE Propels Kuwait as a Global Leader in the Petrochemicals Business Innovation with SAP

EQUATE Group, a global producer of petrochemicals, announced today the next phase of its partnership with digital transformation enabler SAP, in an effort to drive the company’s global business growth and support the New Kuwait 2035 vision’s economic diversification...

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Business & Money | Wednesday 3 January, 2018 1:54 pm

MAG Targets Multi-National and Global Companies with the Launch of New MAG International Alliances Division

Lifestyle Development (MAG LD), the development arm of MAG Group, has announced the launch of its new MAG International Alliances division, which partners with multi-national and global companies to provide their staff with exclusive discounts on MAG LD properties. MAG LD is the first property...

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Business & Money | Wednesday 3 January, 2018 1:03 pm

Nakheel and RIU award construction contract for AED670 million resort at Dubai’s Deira Islands

Master developer Nakheel and Spain’s RIU Hotels & Resorts have signed a contract worth AED385 million for the construction of their 800-room, joint venture beachfront resort and water park at Deira Islands in Dubai.   Set for delivery in 2019, the resort, which has a total...

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Business & Money | Wednesday 3 January, 2018 11:58 am

Saudi Customs launches Approved Economic Operator program

Saudi Customs has launched the Authorized Economic Operator (AEO) program to enhance partnership with the private sector and encourage teamwork to facilitate trade and customs procedures. The AEO program will improve trade procedures for exporters, importers, customs trustees, carriers,...

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Business & Money | Tuesday 2 January, 2018 2:40 pm

National Bonds Corporation handing over the second phase of Motor City Green Community Villas

National Bonds Corporation PJSC, through its real estate arm, National Properties LLC, has announced the handover of the second phase of Motor City Green Community known as Casa Familia villas which boasts 95 townhouse villas in a record time. Infrastructure has been completed to provide modern...

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Business & Money | Tuesday 2 January, 2018 12:55 pm

100 Sharjah Ladies Club Employees Honoured for 10 Years of Service

 Sharjah Ladies Club (SLC) is recognised as one of UAE’s pioneering institutions offering women and children world-class spaces within which to nurture their talents and pursue their hobbies. This philosophy of service excellence is something that SLC has extended not just to its...

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Business & Money | Tuesday 2 January, 2018 12:00 pm

Saudi unemployment rate falls 5.8% in Q3 of 2017

The overall unemployment rate has fallen 5.8% in the Kingdom in the third quarter of 2017 compared with the second quarter, according to a report of the General Authority of Statistics. Saudi Arabia stands 12th among G20 nations in terms of the average fall in the rate of unemployment during ...

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Business & Money | Tuesday 2 January, 2018 11:17 am

Mashreq Bank receives nine awards from Global Finance in London

Mashreq Bank, the UAE’s leading financial institution was presented with nine awards at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England.   The dinner hosted at the RSA House in London saw Mashreq win awards for: Best Consumer ...

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