Business & Money | Wednesday 31 August, 2016 10:25 am

Huawei obtains a commercial license to invest in the kingdom of Saudi Arabia and establish a center for innovations

During the scheduled visit of His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, Deputy Crown Prince and Chairman of the Council of Economic and Development Affairs to China, Huawei; a leading global ICT solutions provider, received on Wednesday August 31 2016 an investment license from...

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Business & Money | Wednesday 31 August, 2016 10:06 am

Cisco Middle East Appoints Shukri Eid Managing Director for its East Region

 Cisco Middle East has announced that Shukri Eid has been appointed Managing Director of its East Region effective immediately. In his new role, Shukri will lead the Cisco’s business in the UAE, Oman, Pakistan, Afghanistan and Yemen and work closely with partners to support private and...

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Business & Money | Wednesday 31 August, 2016 9:36 am

Saudi Arabia, China sign MoU to build 100,000 housing units in Al-Ahsa

Majed Al-Huqail, Minister of Housing, has signed a memorandum of understanding with Chinese Deputy Minister of Trade Qian Keming in the field of housing. The MoU was signed on the sidelines of the visit of Deputy Crown Prince Muhammad Bin Salman, Second Deputy Premier and Minister of...

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Business & Money | Wednesday 31 August, 2016 5:26 am

SOUQ.com strengthens its Leadership Bench team in the Areas of Technology and Service

SOUQ.com, the Middle East’s largest online retail and marketplace platform is pleased to announce the appointment of Wisam Daoud as the new COO and Dinesh Ajmera, as the SVP of Technology to further expand SOUQ.com’s technology and global operations. These appointments highlight...

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Business & Money | Tuesday 30 August, 2016 4:50 pm

Emirates Islamic successfully closes US$ 250 million tap of Sukuk issuance

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it has successfully closed a US$ 250 million tap of its earlier US$ 750 million 5-year Sukuk issued in May 2016. This is under the bank’s US$ 2.5 billion Certificate Issuance Programme. The...

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Business & Money | Tuesday 30 August, 2016 4:48 pm

Preparations set for RESCOM Summit Middle East on 27-29 September in Doha

Despite declines in some performance metrics in Middle East & North Africa (MENA) Market in 2016, there are 960 residential, commercial, healthcare, hospitality, smart buildings and education projects pipelined to be completed across the Middle East Region.    This...

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Business & Money | Tuesday 30 August, 2016 4:18 pm

SEDCO Capital Acquires Strategic Stake in Nedec

SEDCO Capital, a leading asset manager, has announced today that it has successfully completed the acquisition of a strategic minority stake in Nedec Co., Ltd.      Established in 1985 and headquartered in South Korea, Nedec is one of the largest manufacturers of die-casting...

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Business & Money | Tuesday 30 August, 2016 1:12 pm

Selecting Your Strategic Datacenter Partner

Every datacenter has its share of strengths and characteristics that is the sum of its capital investments and innovative way of operations. An end-customer wanting to select a datacenter that meets its requirements in terms of availability and reliability must be ready to go down both the paths of ...

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Business & Money | Tuesday 30 August, 2016 12:41 pm

International General Insurance Holdings Limited earnings rise to US$ 19.8 million for H1 2016

International General Insurance Holdings Limited today reported earnings for the first half of 2016.   Overall, the Group announced gross written premiums of $126.8 million for the period ended 30 June 2016 as compared to $122 million for the previous period of 30 June 2015. Net...

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Business & Money | Tuesday 30 August, 2016 12:28 pm

UAE named one of top ten markets for green Building Space

Today, about 40% of global energy and 25% of global water are used by buildings, which are also responsible for approximately one third of all global greenhouse gases. Yet, buildings offer the greatest opportunities for achieving sustainable development. According to the United Nations Environment...

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