Business & Money | Tuesday 1 January, 2019 11:31 am

Bidaya Home Finance successfully completes its Series 2 Sukuk Issuance

Bidaya Home Finance ("Bidaya") has successfully completes its Series 2 Sukuk issuance under the recently established SAR 500 million Sukuk programme (“Sukuk Programme”). The total amount raised in relation to the Series 2 Sukuk was SAR 100 million; closing on December 26,...

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Business & Money | Tuesday 1 January, 2019 11:24 am

EY Corporate Finance Woman of the Year competition encourages female Saudi students to explore new business sectors

EY has launched its inaugural Corporate Finance Woman of the Year (CFWY) competition in the Kingdom of Saudi Arabia. The initiative encourages Saudi women to pursue careers in the private sector, particularly within transaction services and corporate finance. The competition is open to university...

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Business & Money | Tuesday 1 January, 2019 1:33 am

41 real state firms fined over rental contracts outside Ejar

Ejar, the real estate rental program under the Ministry of Housing, has slapped fines on 41 establishments for violating rental regulations. The fines were imposed after the authorities detected a number of residential contract registrations authorized outside the program. Other violations...

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Business & Money | Monday 31 December, 2018 9:01 am

Mobil 1 Official Lubricant for Italian Super Cup

Al-Jawhara Stadium in Jeddah will witness a unique Italian sensation for the first time on Saudi stadiums. Juventus, last year’s Italian Cup winner, will lock horns with the Cup runner-up AC Milan under the sponsorship of Mobil 1, the official lubricant for the Super Cup Final. Saudi football ...

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Business & Money | Monday 31 December, 2018 2:44 am

ADX wins IBMC UAE-INDIA Business Excellency Award 2018

Abu Dhabi Securities Exchange, ADX, has received the 'IBMC UAE-INDIA Business Excellency Award 2018'. The award is a top international recognition that honours business excellence in India and the UAE. The award ceremony took place at Emirates Palace hotel, as part of the closing...

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Business & Money | Sunday 30 December, 2018 12:57 pm

Al-Hokair takes a giant leap in ‘Virtual Reality’ space with UK’s Immotion

Al Hokair Entertainment, one of the leading family entertainment organisations in the region, is now taking the next big leap into the VR space with UK headquartered VR experts, Immotion.   With close to 91 active entertainment centers, under Al Hokair’s key entertainment brand...

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Business & Money | Sunday 30 December, 2018 11:27 am

Protect Your Wealth. Find out how @ the 4th Dubai Family Office Forum

The Dubai Family Office Forum will reveal investment trends as it holds its 4th edition on 5-6 February 2019 at The Palace Downtown in Dubai, United Arab Emirates. Around 115 ultra-high net-worth individuals (UHNWIs), family office investors and business leaders across MENA will benefit from...

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Business & Money | Sunday 30 December, 2018 10:59 am

Emirates Islamic launches ‘Cardless Cash Withdrawal’ feature via its Mobile Banking App

As part of its commitment to provide the best customer experience in digital banking, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has introduced Cardless Cash Withdrawal - a unique feature available on the Bank’s Mobile Banking App. Customers can now...

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Business & Money | Sunday 30 December, 2018 10:31 am

SAMA Pavilion Explains to Visitors Means to Detect Counterfeit Banknote, at Janadriyah 33

The pavilion of the Saudi Arabian Monetary Agency (SAMA) at the National Festival of Heritage and Culture, Janadriyah 33, explained means to visitors, which would enable the public to recognize and differentiate between original and counterfeit banknote, in addition to methods of checking banknotes ...

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Business & Money | Sunday 30 December, 2018 1:29 am

Value of 5 halala coin transactions soars over SR2.12m in November

The value of transactions of 5 halala coins has increased markedly to over SR2.12 million by the end of November, 2018. This figure registered an increase of 1,796 percent compared to SR111,761 at the end of Nov. 2017, according to a recent report of the Saudi Arabian Monetary Agency (SAMA). The ...

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