Business & Money | Tuesday 19 February, 2019 12:19 pm

Emirates NBD rolls out 2019 CSR objectives aligned to ‘Year of Tolerance’

In keeping with the ‘Year of Tolerance’ initiative, launched by His Highness Sheikh Khalifa bin Zayed Al Nahyan, Emirates NBD, a leading banking group in the region, announced that it has aligned its 2019 Corporate Social Responsibility (CSR) objectives with the seven pillars of the...

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Business & Money | Tuesday 19 February, 2019 6:55 am

KSA’s anti-graft agency Nazaha reports rise in corruption complaints

Complaints to the Saudi National Anti-Corruption Commission, Nazaha, have risen by 50 percent in a single year amid increasing efforts to combat financial and administrative misconduct in the Kingdom. Nazaha received 15,591 reports in 2018 compared with 10,402 the previous year, according to...

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Business & Money | Tuesday 19 February, 2019 5:00 am

Saudi Arabia and Spain’s Navantia plan combat management systems venture

State-owned Saudi Arabian Military Industries (SAMI) signed an agreement on Monday with Spanish state-held shipbuilder Navantia to set up a joint venture to provide combat systems, the new partnership’s chief executive said on Monday. The SANNI venture, the name of which stands for SAMI...

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Business & Money | Tuesday 19 February, 2019 4:00 am

New Us$58.5 Million Air Cargo Area at Bahrain International Airport Set to Welcome Its First Tenant Fedex Express

The new US$58.5 Million Air Cargo Area at Bahrain International Airport is set to welcome its first tenant as US-based FedEx Express recently signed a deal to move to the expanded freight complex at the Bahrain International Airport, further strengthening its operations as a GCC logistics...

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Business & Money | Tuesday 19 February, 2019 12:25 am

Al-Ghazali Trade Receives “Best Watch Presentation 2019” Award for MIDO Swiss Watches

Al-Ghazali Trade, MIDO Swiss Watches’ agent in Saudi Arabia, received the “Best Watch Presentation 2019” Award for MIDO watches among the agent groups of Saudi Arabia, Kuwait and Dubai. The celebration was held in the city of Prague of the Czech Republic, and in it the executive...

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Business & Money | Monday 18 February, 2019 3:39 pm

Choithrams signs MOU with India’s Future Consumer Ltd

  T Choithrams & Sons, the Middle East’s leading supermarket chain has signed a Memorandum of Understanding (MOU) with Future Consumer Limited (FCL), a major player in the food and Fast-Moving Consumer Goods (FMCG) market in India. FCL and Choithrams have identified an...

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Business & Money | Monday 18 February, 2019 3:37 pm

Bahri showcases state-of-the-art maritime logistics offerings at IDEX and NAVDEX 2019

Demonstrating its commitment to advancing growth of maritime industry and improving security in logistics business, Bahri, a global leader in logistics and transportation, is exhibiting at the 2019 edition of International Defence Exhibition (IDEX) and Naval Defense and Maritime Security...

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Business & Money | Monday 18 February, 2019 1:15 pm

Emirates NBD partners with noqodi to facilitate electronic payments for businesses

Emirates NBD has tied up with noqodi, a leading payment gateway and financial service provider in the UAE, engineered by emaratech, to enable businesses to make electronic payments for a range of government services.  Through the new partnership, Emirates NBD’s corporate clients can...

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Business & Money | Monday 18 February, 2019 11:47 am

ENOC Group signs JV with Proserv Egypt to establish ‘ENOC Misr’

ENOC Group signed a joint venture (JV) agreement with Proserv Egypt to set up ENOC Misr, its first on-ground operations in the lubricants sector in Egypt.   The agreement marks ENOC Group’s physical presence in Egypt as part of its wider plans to expand internationally into key...

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Business & Money | Monday 18 February, 2019 11:34 am

Jabal Omar Development Company ends its fiscal year 2018 with a net profit of SAR 193.78 Million

Jabal Omar Development Company, one of the largest real estate developers in the Middle East and one of the largest listed companies in the Saudi stock market (Tadawul), announced a net profit of SAR 193.78 million for the year ending 2018. The net profit increased by 245% due to off-plan...

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