Business & Money | Sunday 18 August, 2019 5:41 pm

China’s appetite for Dubai properties is increasing

Looking at an overview of the global real estate market in the past eight years, the strong purchasing power of mainland Chinese investors has led to healthy investment flow into countries, such as the US, Australia, UK, New Zealand; it has also led to an uplift in Southeast Asian market in the...

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Business & Money | Saturday 17 August, 2019 5:24 pm

King Abdullah Air Defense College Commander Opens Armed Forces Exhibition at Souk Okaz in Taif Season

The commander of the King Abdullah College of Air Defense, Major General Mohammed bin Wada al-Thabeti, formally opened an armed forces exhibition at Souk Okaz, organized by the Saudi Commission for Tourism and National Heritage as part of Taif Season.  At Souk Okaz, the commander cut the...

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Business & Money | Saturday 17 August, 2019 4:30 am

Expo 2020 Dubai to receive the world in 430 days

In 430 days, the world will witness a key international event, the Expo 2020 Dubai, which will be a cultural platform for gathering countries for 173 days in one place, to showcase their cultures, heritage and histories to 25 million potential visitors. Participating countries are looking...

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Business & Money | Thursday 15 August, 2019 6:36 am

China’s Leading Fintech iPayLinks’ entry to impact the Middle East market 

The Middle East’s region is fast establishing itself as an emerging cross-border ecommerce market due to its ballooning smartphone penetration and growing consumer purchasing power.   iPayLinks, China’s leading provider of cross-border payment services, much-awaited entry...

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Business & Money | Thursday 15 August, 2019 4:32 am

Ajman Free Zone signs MoU with Dubai Insurance Company

 Ajman Free Zone has signed a Memorandum of Understanding and associated documents with Dubai Insurance to provide insurance services to workers employed by companies operating within the Free Zone.  The new service will replace the current bank guarantee system and will cover all...

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Business & Money | Thursday 15 August, 2019 2:22 am

DAMAC Properties reports revenue of AED 1.9 billion and sales of AED 1.8 billion in the first half of 2019

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for the first half of 2019, reporting a total revenue of AED 1.9 billion, with booked sales reported at AED 1.8 billion.   Gross profits for the same period stood at ...

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Business & Money | Wednesday 14 August, 2019 5:47 am

KSA hosted a successfully haj season: WHO

The World Health Organization (WHO) congratulated Saudi Arabia Government and the Ministry of Health for successfully hosting the haj season 1440/2019 without a single public health event or disease outbreak being reported among pilgrims performing the haj. In addition, WHO expressed its deep...

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Business & Money | Saturday 10 August, 2019 1:00 am

Nestlé Needs YOUth Impacts 20,000 as Region’s Youth Unemployment Reaches 29%

In a region where youth unemployment continues to rise and is estimated at nearly 29 percent this International Youth Day, higher than any other in the world, Nestlé Needs YOUth initiatives have impacted more than 20,000 young people across the Middle East since 2016, “as we pursue...

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Business & Money | Friday 9 August, 2019 3:37 am

Aldar Properties announces 15% growth in H1 2019 revenue to AED3.42 billion

 Aldar Properties today reported a 15% year-on-year increase in revenue to AED 3.42 billion in the first half of 2019. According to a financial statement released by the company, revenue for H1 2019 increased 15% to AED 3.42 billion vs. AED 2.98 billion in H1 2018, driven by activity on key ...

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Business & Money | Friday 9 August, 2019 1:48 am

Emirates Islamic employees visit Sharjah City for Humanitarian Services

Employees of Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently visited the Sharjah City for Humanitarian Services (SCHS), a non-profit organisation working to serve people with disabilities (people of determination) and promote their integration into...

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