Business & Money | Thursday 8 November, 2018 1:43 pm

Shaker Group announces reduced Q3 losses as optimisation measures take effect

Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the third quarter and the...

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Business & Money | Thursday 8 November, 2018 11:33 am

Sharjah Wins Top Honour for RMB 2 Billion Panda Bond At GFC Media Group Awards

The Government of Sharjah won the “Sovereign Debt Finance Deal of the Year” award at the Bonds, Loans & Sukuk Awards Middle East for the successful issuance of an RMB 2 billion, or US$ 316 million, Panda Bond. The award was presented by the leading international media organisation...

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Business & Money | Thursday 8 November, 2018 7:00 am

International Investment Bank (IIB) announces successful exit from aircraft investment, achieving 18% IRR

International Investment Bank B.S.C. (IIB), an Islamic wholesale investment bank based in the Kingdom of Bahrain, announced a successful exit from its investment in an Airbus wide-body aircraft leased to a European airline, which generated an IRR of 18%. The Bank, which is owned by major...

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Business & Money | Thursday 8 November, 2018 4:00 am

Innovation Centre opens in Dubai marking a new era for MENA food & beverage production industry

A new creative space in Dubai has been unveiled to mark a revolution in the way food and beverage products are packaged and delivered to customers. The Innovation and Reliability Centre (IRC) at SIG Combibloc Obeikan (SIG CBOB), one of the world’s leading suppliers of carton packaging and...

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Business & Money | Thursday 8 November, 2018 2:43 am

Azizi Developments joins hands with Dubai Blood Donation Centre by holding a blood donation campaign

Azizi Developments, one of the leading private developers in the UAE, organised a blood donation drive in association with Dubai Blood Donation Centre at its head offices today at API World Tower. Azizi Developments believes that CSR initiatives such as blood donation drives support humanitarian ...

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Business & Money | Thursday 8 November, 2018 2:30 am

Saudi Arabia and Spain launch joint venture to build five corvettes

The Saudi Arabian Military Industries company (SAMI) and the Spanish state-owned shipbuilding company have launched a joint venture to design and build five cutting-edge corvettes. SAMI and Navantia S.A. signed an agreement in April to create SAMI Navantia Naval Industries during a visit by Crown...

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Business & Money | Thursday 8 November, 2018 1:26 am

"Bupa Arabia Challenge" Inspires Creativity in Saudi Youth

Bupa Arabia for Cooperative Insurance recently launched the 2018 “Bupa Arabia Challenge” to entice the practical and creative problem-solving aspect of the Saudi youth to face today’s market obstacles. Each of the participants were assigned a unique case study under the...

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Business & Money | Thursday 8 November, 2018 12:40 am

Over 75 Countries Engage to Map Out the Future of the Road Transport Industry at Iru World Congress

His Highness Sayyid Asa’ad bin Tariq Al Said, Deputy Prime Minister for International Relations and Cooperation Affairs and Personal Representative of His Majesty, officially inaugurated the World Road Transport Organisation (IRU) World Congress in Muscat at the Oman Convention &...

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Business & Money | Wednesday 7 November, 2018 2:44 pm

Bahri reinforces commitment to Saudi Arabia's security with participation in SNSR Expo

Bahri, a global leader in logistics and transportation, highlighted its sustained commitment to contribute to Saudi Arabia’s security and resilience by participating in the Saudi National Security and Risk Prevention (SNSR) Expo, which took place from 4-6 November 2018 at Riyadh...

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Business & Money | Wednesday 7 November, 2018 12:50 pm

Inaugural Event in Dubai Draws Biggest Names in Commerce to Tackle Convergence of Retail With Technology, Experience and Hospitality

Beauty powerhouse Huda Kattan will join Sir Richard Branson in headlining The Retail Summit, a new business event for C-level retailers featuring an unrivalled stellar line up of speakers taking place at Atlantis, The Palm in Dubai. The founder and CEO of Huda Beauty, one of the most successful...

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