Tuesday, March 26, 2019
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Eye of Riyadh

SHUAA Capital Saudi Arabia Launches SHUAA REIT
Business & Money | Monday 25 March, 2019 5:16 pm
SHUAA Capital Saudi Arabia has announced today the launch of the Real Estate Investment Trust ‘SHUAA REIT’ (The Fund), a closed-ended publicly traded real estate investment fund, approved by the Capital Market Authority (CMA) of Saudi Arabia.   The subscription period for...
Mazoon Dairy Company unveils a vibrant logo and visual identity
Business & Money | Monday 25 March, 2019 3:34 pm
Mazoon Dairy Company, the flagship dairy company of the Sultanate of Oman, has unveiled a striking visual identity that reflects the vibrant, progressive and dynamic characteristics of Omani society. With the launch of the brand identity, Mazoon Dairy is a step closer to becoming an ambassador of...
 Eshraq Investments eyes cross listing in Saudi Arabia, achieving 11% YOY increase in operational revenues
Business & Money | Monday 25 March, 2019 3:27 pm
Eshraq Investments PJSC (“Eshraq” or “Company”), the Abu Dhabi based investment company listed on Abu Dhabi Securities Exchange (“ADX”), has reportedan11%year-on-yearincreaseinoperationalrevenue,toAED26.0mnfromAED23.4mn in 2017. In addition, Eshraq saw...
«Saudi Re»: insurance sector in Saudi witnessing ‘significant overhaul’
Business & Money | Monday 25 March, 2019 2:00 pm
Saudi Arabia's insurance sector is undergoing a significant overhaul as regulatory controls are progressively developed, according to Saudi Re Reinsurance Company (Saudi Re), the first reinsurance company established in the Kingdom of Saudi Arabia.   The Kingdom’s insurance...
Emicool introduces new logo to achieve strategic objectives, reflect efforts in energy-efficient district cooling
Business & Money | Monday 25 March, 2019 11:47 am
Emirates District Cooling Ltd (Emicool), a leading district cooling service provider in the region and wholly owned subsidiary of Dubai Investments PJSC, has unveiled its new logo in a move which will help the company to achieve its strategic objectives as it continues its journey towards...
Amanat AGM approves dividends distribution for the fourth year in a row
Business & Money | Monday 25 March, 2019 10:55 am
Amanat Holdings PJSC (“Amanat”), the GCC’s largest healthcare and education investment company, today announced that it has concluded its annual general meeting (“General Meeting”) on March 24, 2018.   The Board report for the Company’s activities and...
Sipchem Signs CSR Food-Preservation Agreements with Etaam
Business & Money | Monday 25 March, 2019 10:52 am
Under the patronage and presence of His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, Governor of the Eastern Region, and as a part of Sipchem's efforts to enhance its role in the community, the CEO Eng. Abdullah Al Saadoon signed an agreement with the Saudi Food Bank (Etaam) to reflect...
Uber is expected to buy its Middle Eastern rival Careem
Business & Money | Monday 25 March, 2019 6:00 am
After years of backing out of major international markets, Uber appears ready to go on the offensive. Sources talking to Bloomberg claim the ridesharing firm is poised to buy Careem, its chief competitor in the Middle East, for the equivalent of $3.1 billion...
2,600MW solar project for Makkah
Business & Money | Monday 25 March, 2019 4:09 am
The Kingdom is planning to build a 2,600 megawatts solar project in Makkah to optimize the use of hydrocarbon and mineral resources to achieve sustainable development of the national economy. A memorandum of understanding to this effect was signed on Sunday by Makkah Emir Prince Khaled Al-Faisal ...
TECNO Mobile Teams Up with Etihad Airline and Visit Abu Dhabi to Sponsor Abu Dhabi Cup 2019
Business & Money | Monday 25 March, 2019 3:33 am
 Global premier mobile phone brand,TECNO Mobile, has teamed up with Middle East’s aviation giant, Etihad Airline and famous tourist platform Visit Abu Dhabi to boost youth football in the region as the official sponsors of this year’s Abu Dhabi Cup.  Manchester City...
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