Business & Money | Tuesday 31 March, 2020 1:46 am

Abu Dhabi is the most liveable city in the Arab World

Abu Dhabi has been ranked the most liveable city in the Arab world, followed by Dubai, according to the Global Liveability Index, issued by The Economist Intelligence Unit (The EIU) – the research and analysis division of Economist Group.  The UAE capital topped all the regional...

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Business & Money | Monday 30 March, 2020 1:17 pm

Al Hamra announces new initiatives to support business partners, residents and customers

Al Hamra, the leading real estate developer, services provider and investment company in the Northern Emirates, has created an economic relief package which includes several initiatives to help ease the financial burden of its valued mall tenants, freehold owners, residents and customers, impacted...

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Business & Money | Monday 30 March, 2020 1:06 pm

Adcb Group, Including Al Hilal Bank, Makes Employment Commitment

ADCB Group, including Al Hilal Bank, today made a commitment to ensure the continuity of employment at the Bank, pledging that no employee will be made redundant during 2020 as a result of the COVID-19 pandemic.   H. E. Khaldoon Al Mubarak, Chairman of ADCB Group,...

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Business & Money | Monday 30 March, 2020 12:17 pm

Ducab announces COVID-19 measures to protect workforce and minimise business disruption

In light of the global COVID-19 pandemic, Ducab Group, one of the UAE’s largest manufacturing businesses, and a key supplier to the Energy Sector, has implemented  measures to ensure the health of  employees and  public is protected, and that Ducab’s global customers ...

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Business & Money | Monday 30 March, 2020 6:00 am

Shaker Group reports full-year revenue growth of 14.1%

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 year ended 31 December...

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Business & Money | Monday 30 March, 2020 5:26 am

COVID-19: Information on Nissan operations in Africa, Middle East, India region

In response to the continuing COVID-19 outbreak, Nissan has announced a temporary suspension to production in its Africa, Middle East and India region. This action follows the advice and guidance of respective national governments, and is being taken to safeguard the wellbeing of staff,...

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Business & Money | Monday 30 March, 2020 3:44 am

ADDED and World Bank discuss preparations for Doing Business 2021 report

Via a videoconference, H.E. Rashed Abdul Karim Al Balooshi, Undersecretary of Abu Dhabi Department of Economic Development (ADDED), recently held a virtual meeting with members of the Word Bank to discuss the evaluation processes for Abu Dhabi in terms of the...

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Business & Money | Monday 30 March, 2020 3:33 am

SAMA pledges financial support for those hit by coronavirus crisis

 The Saudi Arabian Monetary Authority (SAMA) has pledged to support people living in the Kingdom who lose their jobs as a result of the ongoing coronavirus crisis – offering financial support for any charges incurred as a result.  “The measures taken include supervisory...

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Business & Money | Monday 30 March, 2020 2:31 am

BMW and CNN Join Forces to Explore the Art of Leadership

In times of uncertainty, inspiring people play an even more important role in sustaining society. The BMW Group and CNN International Commercial (CNNIC) have teamed up to portray the stories and attitude of some of the most remarkable creatives, artists and leaders of our time through two unique...

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Business & Money | Sunday 29 March, 2020 10:53 am

Saudi Re Posts Strong 2019 Financial Results

Saudi Reinsurance Company (Saudi Re), listed on the Saudi Stock Exchange (Tadawul), reported a net profit before zakat of SR 59.32 million for the full year ended 31 December 2019, a three-fold increase (332%), from SR 13.72 million in the same period last year.   Gross written premium...

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