Business & Money | Sunday 7 May, 2017 9:31 am

Al Khozama Management Company awards Salini Impregilo SAR 1.1 Billion Al Faisaliah District Redevelopment Contract

Al Khozama Management Company announces the appointment of Salini Impregilo - one of the largest global contractors - in the landmark SAR 1.1 Billion Al Faisaliah District renovation contract to upgrade Al Khozama’s retail, hospitality and commercial assets commencing with the renewal of the...

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Business & Money | Sunday 7 May, 2017 9:12 am

QNB Group inaugurates its Riyadh branch in Saudi Arabia

QNB Group, the largest financial institution in the Middle East and Africa, has inaugurated its branch in Riyadh, Kingdom of Saudi Arabia (KSA). Senior bank officials and distinguished representatives from the banking and business sectors attended an inauguration ceremony held under the patronage...

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Business & Money | Sunday 7 May, 2017 8:08 am

Dubai Investments records net profit of AED 289 million in Q1 2017

Dubai Investments records net profit of AED 289 million in Q1 2017   Dubai, May 7, 2017: Dubai Investments PJSC [DFM: DIC], the leading, diversified investments conglomerate listed on the Dubai Financial Market, has announced net profit of AED 289 million in the first quarter of 2017,...

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Business & Money | Saturday 6 May, 2017 10:52 am

Invest in Sharjah and Euromoney Emirates Conference Announces Outstanding Line-Up of Speakers

  The UAE’s upcoming Euromoney Conference, organised and co-hosted by the Sharjah FDI Office (Invest in Sharjah), has named its key speakers and attendees, which include 35 of the leading finance and investment experts from across the region and beyond, with more than 350 confirmed...

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Business & Money | Saturday 6 May, 2017 10:12 am

Bloomberg CEO favors effective media role in combating terror

MEDIA and information play a crucial role in imparting education and the pivotal role the former plays is to provide more knowledge and constructive guidance to as many segments of society as possible, Justin B. Smith, chief executive officer of Bloomberg, told Saudi Gazette after presenting his...

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Business & Money | Friday 5 May, 2017 12:08 pm

DAMAC Properties Awards Contract Worth AED 40 million for Roads and Infrastructure Works of Vardon Cluster Within AKOYA Oxygen

DAMAC Properties, a leading luxury real estate developer in the region, has awarded a contract worth AED 40 million for the roads and infrastructure works at Vardon cluster within AKOYA Oxygen, a 55-million-square-foot lush green development in Dubai. The roads and infrastructure works contract has ...

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Business & Money | Friday 5 May, 2017 12:06 pm

Marka Finalises Sale of Cheeky Monkeys

Marka PJSC (DFM: MARKA), the first public joint stock retail focused company in the UAE, has finalized the sale of its 60% stake in Cheeky Monkeys to Evolvence Knowledge Investments Ltd. (EKI), securing the company a tenfold gross return on its original equity investment. Cheeky Monkeys –...

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Business & Money | Friday 5 May, 2017 11:36 am

BARCLAYS NAMED ‘BEST FOREIGN INVESTMENT BANK’ IN THE MIDDLE EAST

In recognition of its continued leadership in the Investment Banking space, Barclays has been crowned ‘Best Foreign Investment Bank’ in the Middle East by EMEA Finance, a leading banking and finance publication specialising in Europe, Middle East and Africa. The judging panel’s ...

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Business & Money | Friday 5 May, 2017 11:30 am

HE Sheikh Mubarak A M Al Sabah, founder and chairman of Action Hotels signing the contracts for the Melbourne South Wharf with Gaurav Bhushan, Global Chief Development Officer, Accor

Dubai-based Action Hotels To Develop Fourth Hotel In Australia Novotel chosen for new hotel at Melbourne Convention and Exhibition Centre May 4 2017, Dubai UAE:  Action Hotels, the leading owner, developer and asset manager of branded three- and four-star hotels in the Middle East and...

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Business & Money | Friday 5 May, 2017 11:19 am

FedEx Releases 2017 Global Citizenship Report

  FedEx Corp. (NYSE: FDX) announced today the online release of its 2017 Global Citizenship Report (GCR), which details how the company connects the world responsibly and resourcefully.  The annual report includes updates on the company’s strategies, goals, programs and progress...

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