Business & Money | Tuesday 14 July, 2020 3:30 pm

SRC organised panel on the purchase and securitisation of Sharia real estate portfolios on Murabaha concludes with formation of Shariah committee

Saudi Real Estate Refinance Company (SRC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), recently organised an Islamic Finance panel on Murabaha or cost-plus financing that discussed challenges and potential solutions for the current situation around the Murabaha...

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Tourism & Hospitality | Tuesday 14 July, 2020 3:25 pm

Air Arabia Abu Dhabi takes to the skies with inaugural flight to Egypt

Air Arabia Abu Dhabi, the capital’s first low-cost carrier, today marked the inauguration of its operations with its first flight to Alexandria in Egypt. A second Air Arabia Abu Dhabi flight will operate from the UAE’s capital to the Nile city of Sohag on July 15.  The launch ceremony ...

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Business & Money | Tuesday 14 July, 2020 2:54 pm

9% of Business in Saudi Arabia using EDR were able to detect cyber-incidents in hours or less

More than a quarter (28%) of companies that have implemented an Endpoint Detection and Response (EDR) solution have been able to detect cyberattacks in just a few hours or even almost immediately after an incident happened. This is higher than the overall results, as on average only 9% of...

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Business & Money | Tuesday 14 July, 2020 1:09 pm

Rafeeg App enters the Commercial Building Maintenance Market

The first Emirati App, “Rafeeg” achieved great success by launching its new updates, which will add significant value to the platform’s existing services. The new feature called “Commercial Buildings Services” is in line with Abu Dhabi’s Government vision and municipality law issued...

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Business & Money | Tuesday 14 July, 2020 1:06 pm

KPMG: Saudi government's agility limits impact of Covid-19 pandemic 

The setting up of governing mechanisms under Saudi Arabia's Vision 2030 to promote intergovernmental collaboration was a big support to the swift response to limit the spread and economic repercussions of Covid-19 pandemic, according to Ismail Daham Alani, Head Government and Public Sector,...

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Environment & Energy | Tuesday 14 July, 2020 12:19 pm

Bee’ah Expands Portfolio of Zero-waste Solutions with Launch of Biomass Facility

Bee’ah, the Middle East’s sustainability pioneer, officially launched its new Biomass Facility at the Bee’ah’s Waste Management Complex in Al Sa’jaa, Sharjah. The plant will process 200 tonnes of cellulous and carbon-based waste daily, the equivalent mass of 16 standard school buses, to...

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Business & Money | Tuesday 14 July, 2020 11:59 am

Tadawul Announces the Launch Date of the Saudi Derivatives Market and Index Futures

The Saudi Stock Exchange (Tadawul) announced today that the launch of exchange-traded derivatives will be on 30 August 2020. The first exchange-traded derivatives product is an index futures contract, the Saudi Futures 30 (SF30). This contract is based on the MSCI Tadawul 30 Index (MT30). The...

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Environment & Energy | Tuesday 14 July, 2020 11:49 am

Aramco Announces Downstream Business Reorganization to Enhance Performance and Support

The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced the reorganization of its Downstream business to support and enhance integration across the hydrocarbon value chain and better position the Company to drive financial performance, value creation and global growth.The...

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Environment & Energy | Tuesday 14 July, 2020 11:23 am

Emirates Mars Mission Announces the Live Stream Link to the Launch of the "Hope Probe"

The Emirates Mars Mission has announced the link to watch the live streaming of the launch of the "Hope Probe", starting at midnight UAE Time [20:00 GMT] on Tuesday 14 July, on www.emm.ae/live   The link provides an opportunity for everyone to witness this historic event, which is...

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Business & Money | Tuesday 14 July, 2020 10:37 am

Emirates Islamic introduces Digital Business Banking package with low minimum balance requirement

The Emirates Mars Mission has announced the link to watch the live streaming of the launch of the "Hope Probe", starting at midnight UAE Time [20:00 GMT] on Tuesday 14 July, on www.emm.ae/live The link provides an opportunity for everyone to witness this historic event, which is the first...

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