Wednesday, September 18, 2019
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Eye of Riyadh

Emirates Islamic launches exclusive portal
Business & Money | Thursday 5 September, 2019 2:15 am
Emirates Islamic, one of the leading Islamic banks in the UAE, today announced the launch of, an online shopping portal exclusively for Emirates Islamic cardholders allowing them to earn up to 25% cashback across more than 1,500 local and international brands. The new portal,...
Saudi Transportation Ministry: 18 Million Road Trips in August
Business & Money | Wednesday 4 September, 2019 4:49 pm
Saudi Transportation Ministry register more than 18 Mil vehicles activates on the main cities' entrances through the traffic monitoring units last month, with the following details:   ·         Jeddah city entrances registered as...
Advanced Electronics Company to showcase latest energy solutions line-up at World Energy Congress in Abu Dhabi
Business & Money | Wednesday 4 September, 2019 2:49 pm
 Advanced Electronics Company (AEC) today announced that it will participate as part of Saudi Arabia’s pavilion in the 24th edition of the World Energy Congress (WEC) set to take place from 9-12 September in Abu Dhabi under the patronage of H.H. Sheikh Khalifa Bin Zayed Al Nahyan,...
Alkhabeer Capital announces a capital increase of 10% to SAR 894.5 million
Business & Money | Wednesday 4 September, 2019 1:13 pm
Alkhabeer Capital, a prominent asset management company specializing in alternative investments, announces that it has increased its paid-up capital by 81.3 million, a 10 percent increase to SAR 894.5 million, following the approval of its shareholders at the Company’s 7th Annual General ...
SAMI’s executive team of local and international experts set to continue company’s journey towards Saudi Vision 2030 goals
Business & Money | Wednesday 4 September, 2019 12:55 pm
Dr. Andreas Schwer, CEO of Saudi Arabian Military Industries (SAMI), has announced the completion of the company’s executive management team. The team includes a number of distinguished national leaders and international experts specialized in the military industries, as well as the...
 Innovation in Warehousing, Intralogistics and Supply Chain Solutions through Automation  Related Facts and Numbers
Business & Money | Wednesday 4 September, 2019 12:11 pm
·      The Middle Eastautomated materials handling equipment segment is growing rapidly at a CAGR of 8.6 percent and is expected to reach US $498.5 million by 2023, across the full spectrum of...
 IQ Robotics, MENA region’s first fully robotic implementation, set to transform Dubai’s logistics sector
Business & Money | Wednesday 4 September, 2019 7:15 am
IQ Robotics, an Artificial Intelligence-driven fully robotic business that’s spearheading the digital transformation of the logistics sector, has been launched in Dubai. The brainchild of Fadi Amoudi, IQ Robotics, marked its official launch at the Materials Handling Middle East exhibition...
Motherson Sumi Systems Ltd establishes a manufacturing unit at RAKEZ
Business & Money | Wednesday 4 September, 2019 5:00 am
Ras Al Khaimah Economic Zone (RAKEZ) has recently added another giant Indian conglomerate to its client portfolio – Motherson Sumi Systems Ltd (MSSL), one of the global leaders in the field of automotive wire manufacturing. MSSL’s RAKEZ-registered subsidiary, Motherson PKC Harness...
Faraj Fund Partners with Dubai Cares to Support  Children of Prison Inmates with School Supplies
Business & Money | Wednesday 4 September, 2019 2:30 am
Faraj Fund teamed up with Dubai Cares, a philanthropic organization working to improve children’s access to quality primary education, to distribute 350 school kits for children of inmates from penal institutions and correctional facilities across the UAE.    Mr Saqr Al Nuimi, ...
Azizi Developments marks 92% construction  completion of Farishta
Business & Money | Wednesday 4 September, 2019 1:00 am
Azizi Developments, one of the leading private developers in the UAE, has recorded a construction completion of 92 per cent for Farishta, its new residential tower in Al Furjan, an up-and-coming strategic location with excellent connectivity. Farishta, comprising 284 elegantly designed...