Business & Money | Wednesday 31 July, 2019 7:05 am

Air Arabia receives the second A321neo LR

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), received its second Airbus (A321neo Long Range). The aircraft flew nonstop from Hamburg, Germany to Sharjah International Airport.   The addition of the second A321neo LR will enable Air Arabia ...

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Business & Money | Tuesday 30 July, 2019 3:35 pm

Custodian of the Two Holy Mosques Chairs Cabinet's Session

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired the Cabinet's session held in Neom, Tabuk Region on Tuesday afternoon. At the outset of the session, the Cabinet offered its sincere condolences to the Custodian of the Two Holy Mosques, His Royal Highness Prince...

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Business & Money | Tuesday 30 July, 2019 12:04 pm

Riyadh’s midscale hotel sector providing the greatest opportunity for developers, says Drees & Sommer

Research from Drees & Sommer’s specialised global hospitality team has identified Riyadh’s three-star market as the best opportunity for growth as the capital undergoes a period of rapid economic diversification with the introduction of a myriad of attractions, theme parks, sporting ...

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Business & Money | Tuesday 30 July, 2019 10:31 am

Mastercard and BENEFIT partner to launch first blockchain payment program in the Middle East

Bahrain’s Electronic Network for Financial Transactions (BENEFIT), and Mastercard have partnered to launch a pilot blockchain program that will enable banks to deliver fast, secure and private cross-border commercial payments.      A historic milestone for the...

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Business & Money | Monday 29 July, 2019 6:36 pm

Jordan Islamic Bank's half-year profit growth 12%

The profits of the Jordan Islamic Bank grew by 12% to KD 39.1 million at the end of June compared to KD 35 million for the same period of 2018. The bank said in a statement issued on Monday that profits after tax rose by 5 percent to about 24.5 million dinars compared to about 23.3 million...

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Business & Money | Monday 29 July, 2019 2:31 pm

ABU DHABI COMMERCIAL BANK PJSC REPORTS FIRST HALF 2019 PRO-FORMA NET PROFIT OF AED 2.782 BILLION

Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its half-year financial results for 2019 (“H1’19”). The results below are based on the six-month pro-forma financial statements for the combined entity, following the merger between ADCB...

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Business & Money | Monday 29 July, 2019 1:11 pm

Saudi Arabia’s workforce is in need of new co-working spaces as economy diversifies and transforms

As Saudi Arabia’s economy continues to diversify and transform, its workplace needs are shifting. In line with global trends, the requirements of workplaces in the Kingdom have moved from long-term commitments in traditional office spaces to a more flexible, but sophisticated working...

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Business & Money | Monday 29 July, 2019 11:14 am

EY welcomes 20 new partners in the MENA region; first female Saudi partner appointed

EY announces the admission of 20 new partners to its service lines and industry sectors across the Middle East and North Africa (MENA) region, bringing the total number of partners in the MENA practice to 218. The number of females promoted to partner in 2019 has tripled from those announced in...

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Business & Money | Sunday 28 July, 2019 4:25 pm

Emirates NBD launches Scholar Plus Loan for higher education financing

Emirates NBD, one of the leading banks in the region has launched Scholar Plus Loan, a program for families seeking financial assistance for university education, either in the UAE or overseas. In line with the bank‘s commitment to developing the UAE’s human capital and making higher ...

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Business & Money | Sunday 28 July, 2019 1:20 pm

Home-grown Coffee Brand Reported Record Growth for First Half of 2019

Coffee Planet, the Middle East’s leading 100% Arabica, specialty coffee roaster, has announced its Dubai-based roastery’s bold expansion plans, to increase its current output in the next few weeks.   Located in the Jebel Ali Free Zone, the roastery’s expansion is a...

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