Business & Money | Wednesday 7 August, 2019 3:20 am

Shaker Group reports Q2 2019: Revenues increase 19.4%

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 interim financial results for the 6-month period...

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Business & Money | Tuesday 6 August, 2019 4:28 pm

EY: 6 MENA IPO deals raise US$2,822.5m in Q2 2019

According to the EY MENA IPO Eye Report, MENA IPO deal value increased by 222.6% to US$2,822.5m in Q2 2019, up from US$874.9m in Q2 2018. Six deals were recorded in Q2 2019, including one REIT listing, a decrease of 33.3% from the nine deals listed in Q2 2018.   The second quarter of the ...

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Business & Money | Tuesday 6 August, 2019 3:42 pm

Celebrating the appointment of Liquigas Liban S.A.L. as Exclusive Agent for marketing and sales of the International products of Mobil lubricants in Lebanon

In celebration of the Exclusive Commissioning granted by  the Arabian Petroleum Supply company “APSCO”, based in Jeddah – Saudi Arabia, to Liquigas Liban S.A.L. “Liquigas”,  based in Zouk Mikael – Lebanon,  whereas Liquigas has...

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Business & Money | Tuesday 6 August, 2019 2:05 pm

Two Transmedia Initiatives Aimed at Encouraging Emirati and Arab youth launched by Jawaher Khalifa Al Khalifa Foundation for Youth Empowerment and Art Format Lab

Aimed at supporting talented Arab and Emirati youth in the region whilst also honing their scientific and cultural abilities, Sheikha Jawaher bint Khalifa Al Khalifa and Khulud Abu Homos, on Behalf of Jawaher Khalifa Al Khalifa Foundation for Youth Empowerment and Art Format Lab Production,...

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Business & Money | Tuesday 6 August, 2019 1:36 pm

“Jollychic” obtained Aed 239 million C+ round of strategic investment funds from Middle East technology giant

Jollychic, the Middle East leading e-commerce platform, has recently completed C+ funding round, obtaining US $65 million(AED 238.5 million) in investment, the investor is the UAE technology giant G42 Group. In an unprecedented move of local strategic investor to fund a Chinese e-commerce...

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Business & Money | Tuesday 6 August, 2019 1:33 pm

“Jollychic” obtained Aed 239 million C+ round of strategic investment funds from Middle East technology giant

Jollychic, the Middle East leading e-commerce platform, has recently completed C+ funding round, obtaining US $65 million(AED 238.5 million) in investment, the investor is the UAE technology giant G42 Group. In an unprecedented move of local strategic investor to fund a Chinese e-commerce...

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Business & Money | Tuesday 6 August, 2019 1:16 pm

Blueair Strengthens its Presence in Saudi Arabia

Blueair, a world leader in air purification solutions, today announced that it has signed on Nikai as its distributor in Saudi Arabia further expanding its reach and sales network across the Kingdom. TR Ganesh, General Manager - Middle...

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Business & Money | Tuesday 6 August, 2019 4:13 am

Global And Regional Banking Experts To Headline At The Ninth Middle East Banking Innovation Summit

The ninth edition of the Middle East Banking Innovation Summit, organized by Exoptrade Global will begin in less than a month. To be held on 3rdand 4thSeptember 2019 at Jumeirah Emirates Towers Hotel, the two-day conference will witness over 45 of the world’s and the region’s notable...

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Business & Money | Tuesday 6 August, 2019 3:20 am

Saudi non-oil private sector growth slips to five-month low in July -PMI

Growth in Saudi Arabia's non-oil private sector lost momentum and slipped to a five-month low in July partly because of lower growth rates in output and new orders, a monthly survey of companies showed on Monday. The seasonally adjusted IHS Markit Saudi Arabia Purchasing...

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Business & Money | Tuesday 6 August, 2019 3:15 am

Advanced railways keep Hajj pilgrims on track

The Al-Mashaaer Al-Mugaddassah Metro Project (MMMP), a shuttle train service that operates during the Hajj season in Makkah, introduced a new means of transport for pilgrims, easing traffic bottlenecks by reducing congestion. The project includes nine overground stations, each with a...

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