Business & Money | Tuesday 4 December, 2018 1:46 pm

Alkhabeer REIT Fund closes IPO successfully with high participation

Alkhabeer Capital, a prominent asset management company specializing in alternative investments, has announced the successful closing of the Initial Public Offering of its newly-launched Alkhabeer REIT Fund. The Fund was oversubscribed at 104% and raised over SAR 247 million, from 25,124 individual ...

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Business & Money | Tuesday 4 December, 2018 1:17 pm

ADCB launches ‘ADCB Emirati’ - bespoke banking service for UAE Nationals

Abu Dhabi Commercial Bank (ADCB) has announced the launch of ADCB Emirati, a comprehensive banking and lifestyle service offering tailor-made solutions exclusively for UAE Nationals. Keeping in mind the goal of supporting upcoming and current Emirati generations, the new service is built around the ...

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Business & Money | Tuesday 4 December, 2018 1:10 pm

Careem Bus launches in Egypt - Saudi and Pakistan to follow

Careem has launched its new service, Careem Bus, with Cairo as the first city of operations.   The mid-priced bus service is aimed at commuters and the launch comes as part of Careem’s commitment to solving transportation issues, improving mobility and creating...

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Business & Money | Tuesday 4 December, 2018 1:07 pm

Carrefour, Region’s leading retailer joins growing DAMAC Hills community

Carrefour, one of the largest hypermarket and supermarket chains in the world, is now part of DAMAC Hills, a premium residential community in the heart of Dubailand, announced DAMAC Properties. The opening of the Carrefour DAMAC Hills branch is among other milestones for the gated community,...

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Business & Money | Tuesday 4 December, 2018 6:17 am

$130bn GCC F&B market witnesses robust growth over the past years

The ninth edition of SIAL Middle East is set to feature country pavilions of Kuwait, Bahrain and Saudi Arabia, indicating a growing interest from the GCC countries to benefit from the sizeable opportunities created by the fastest-growing food, beverage and hospitality event in the region. Held...

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Business & Money | Tuesday 4 December, 2018 3:36 am

Italian Exhibition Group: Italy-Egypt Meeting for Sustainable Development and Green Technologies

Italy and Egypt are even closer, thanks to their common interest in sustainable development and green technologies. This is confirmed by the "Business Forum on water, energy, waste and mobility", an event organized for Sunday 2nd and Monday...

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Business & Money | Monday 3 December, 2018 6:45 pm

Tadawul Launches Ereference Data to the Public

The Saudi Stock Exchange (Tadawul) announced today that eReference Data service is now available to all market participants, including retail investors, academics and researchers. The eReference Data service facilitates access to data feed ranging from issuers’ master data, corporate...

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Business & Money | Monday 3 December, 2018 3:26 am

Jotun announces the colour trends of 2019

As the world grows busier andfull of distractions, home is one of the few places where we genuinely express who we are. It remains an anchor of comfort and the place where we can relax and be our true selves. Home is an expression of your identity. With this inspiration, Jotun, theregion’s...

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Business & Money | Monday 3 December, 2018 1:38 am

US, China won't impose additional tariffs after January 1

Chinese President Xi Jinping and U.S. President Donald Trump put their bilateral trade war on pause momentarily, striking an agreement to hold off on slapping additional tariffs on each other's goods after January 1, as talks continue between both countries. In a White House readout of a...

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Business & Money | Sunday 2 December, 2018 5:44 pm

Saudi Arabian Airlines (Saudia) Reveals Formula E Gen2 Car Aircraft Design

Formula E has officially landed in Saudi Arabia as national flag carrier airline Saudia – the title sponsor of the ‘Saudia’ Ad Diriyah E-Prix – unveiled its dramatic new racing livery for the historic event on December 15.    The unique aircraft design...

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