Wednesday, April 8, 2020
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Eye of Riyadh
Eye of Riyadh

ADDED announces ‘Abu Dhabi Local Content’ program to cover 1,244 government tenders worth AED 15 billion
Business & Money | Wednesday 8 April, 2020 2:05 pm
The Industrial Development Bureau (IDB) of the Abu Dhabi Department of Economic Development (ADDED) has announced that the ‘Abu Dhabi Local Content’ (ADLC) program will cover more than 1,244 government tenders worth AED 15 billion. The tenders were submitted by government and...
AdColony Reveals What Consumers in the Middle East Expect From Brands During COVID-19
Business & Money | Wednesday 8 April, 2020 12:32 pm
For the past three months, the COVID-19 outbreak has radically changed people’s daily lives and preferences around the world. Across the globe, people are being encouraged to stay at home in order to ensure their health and safety. As the Coronavirus pandemic continues to grow, technology...
Dubai Investments Park rolls out disinfection drive supplementing Dubai Municipality sterilization initiatives
Business & Money | Wednesday 8 April, 2020 11:16 am
Dubai Investments Park [DIP], the unique integrated commercial, industrial & residential community in the Middle East, wholly-owned by Dubai Investments PJSC, initiated a disinfection drive across all common areas in Dubai Investments Park zones, supplementing Dubai Municipality sterilization...
Visa Foundation Commits $210 Million to Support Small and Micro Businesses and Immediate COVID-19 Emergency Relief
Business & Money | Wednesday 8 April, 2020 4:28 am
The Visa Foundation today announced a commitment of two programs totalling $210 million to support small and micro businesses, aligning with the Foundation’s long-term focus on women’s economic advancement and inclusive economic development, and to address an urgent need from local...
Virtual Meeting of Extraordinary G20 Energy Ministers to Hold Next Friday
Business & Money | Wednesday 8 April, 2020 1:35 am
The Saudi G20 Presidency will hold an Extraordinary G20 Energy Ministers’ virtual meeting on Friday 10 April 2020 to foster global dialogue and cooperation to ensure stable energy markets and enable a stronger global economy. The G20 Energy ministers will also act, alongside invited...
 KPMG recommends steps to bolster cybersecurity in the COVID-19 era
Business & Money | Wednesday 8 April, 2020 1:12 am
The outbreak of Covid-19 poses a challenge to many businesses across the globe, also impacting information security as ill-wishing threat actors actively seek to exploit the situation. With the increasing use of remote technology and employees working from home, it is crucial that...
AED 50 million support fund allocated by RAKEZ to boost its clients’ business continuity
Business & Money | Tuesday 7 April, 2020 2:26 pm
Ras Al Khaimah Economic Zone (RAKEZ) has launched customised bundles of incentives with a total value of AED 50 million to ease the impact of the current global situation to its family of over 15,000 companies and reinforce their business continuity. “Our clients are at the heart of...
Regional FMCG importer expands retail operations with five new distribution agreements
Business & Money | Tuesday 7 April, 2020 11:22 am
headquartered Truebell, a leading GCC importer of fast-moving consumer goods (FMCG), has announced the expansion of its home and personal care category following the signing of five new distribution agreements.  The retail and food services division of the company has entered into...
Al Fahim Group and Groupe PSA collaborate to launch Opel in Dubai and Northern Emirates
Business & Money | Tuesday 7 April, 2020 10:20 am
Al Fahim Group, one of UAE’s most successful family businesses, recently held a signing ceremony with Groupe PSA to collaborate and deliver on the joint vision of business expansion and growth by acquiring the exclusive distribution of Opel vehicles in Dubai and the Northern Emirates. The...
Mastercard champions safe and secure payment transactions in Middle East & Africa with increase to contactless payment limits
Business & Money | Tuesday 7 April, 2020 5:43 am
Mastercard announced today that it is championing efforts to increase contactless payment limits across the Middle East and Africa (MEA) region as people look for safer ways to pay in the wake of the COVID-19 pandemic. The initiative is in line with recommendations from global and regional health...