Business & Money | Sunday 17 February, 2019 6:44 am

How ‘Absher’ app liberates Saudis from government bureaucracy

Absher, the “one-click” e-services app launched by the Interior Ministry in 2015, is now regarded as the leading government platform for Saudi citizens, freeing them from bureaucratic inefficiency and endless queuing for everyday services. However, in a recent New York Times article,...

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Business & Money | Sunday 17 February, 2019 5:52 am

Dubai Industrial Park to Highlight Key Role in Food and Beverage Industry at Gulfood 2019

Dubai Industrial Park (DI), one of the largest industrial hubs in Dubai and a member of TECOM Group, will highlight its key role in the food and beverage (F&B) industry during its participation at Gulfood 2019.  As part of its participation at the annual trade fair that runs from...

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Business & Money | Saturday 16 February, 2019 5:37 am

KSA’s largest fast food chain, Herfy taps into Capillary Technologies solutions for digital transformation

Herfy Food Services Co, Saudi Arabia’s largest fast-food chain has announced that it has signed an agreement with Capillary Technologies, a leading cloud-based software solutions provider that enables brands to intelligently engage with their customers, to revamp its digital platforms for...

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Business & Money | Saturday 16 February, 2019 4:00 am

Al Naboodah Construction Group Leads 45-day Renovation of Dubai International Airport’s South Runway

Al Naboodah Construction Group (ANCG) – the construction division of Al Naboodah Group Enterprises – will lead a record time 45-day renovation upgrade to resurface the south runway at Dubai International Airport’s (DXB), which welcomed more than 89.1 million passengers in 2018,...

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Business & Money | Saturday 16 February, 2019 2:00 am

Dubai Airbnb Market Worth Over US$101 Million

Chestertons MENA, the leading international real estate services firm, has launched its latest report outlining the growth of Airbnb in Dubai.      The 2018 data revealed revenues for properties listed on the online community marketplace increased by 69% compared to the...

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Business & Money | Friday 15 February, 2019 2:00 pm

Property loans for Saudi women approved

Saudi women will be able to get property loans from the Real Estate Development Fund (REDF), following a decision from its board of directors. The move aims to support Saudi women in purchasing property, as well as increase the proportion of home-owning Saudis to 60 percent by the end of 2020 and...

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Business & Money | Friday 15 February, 2019 3:54 am

Emaar Development records 74% growth in revenue to AED 15.433 billion (US$ 4.202 billion) in 2018

Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business majority-owned by Emaar Properties PJSC (DFM: EMAAR), recorded a growth in net profit of 42 per cent during 2018 to AED 3.901 billion (US$ 1.062 billion), compared to the net profit of AED 2.743 billion (US$ ...

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Business & Money | Friday 15 February, 2019 2:05 am

Bluewaters welcomes its first residents

Bluewaters Residences by Meraas has officially commenced the handover of its first completed units and welcomed its first residents to their new homes in the elegant mid-rise towers.  With rolling vistas of the shimmering waters of the Arabian Gulf that stretch as far as the eye can see,...

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Business & Money | Thursday 14 February, 2019 12:00 pm

Sir Richard Branson cites conflict resolution and climate change as world’s most pressing issues

Sir Richard Branson has identified conflict resolution among world leaders and climate change as the two most pressing issues he wants to tackle in his lifetime, during a fireside chat at The Retail Summit in Dubai on Wednesday.   Speaking to Gary Thatcher, CEO and Co-Founder of The...

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Business & Money | Thursday 14 February, 2019 11:20 am

DAMAC Properties Announces 2018 Preliminary Financial Results

DAMAC Properties Dubai Co PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), today announced preliminary financial results for the year ended December 2018.   DAMAC reported a total revenue of AED 6.1 billion, while net profit stood at AED 1.2 billion. Booked sales for...

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