Business & Money | Wednesday 12 February, 2020 1:10 am

6th Retail Leaders Circle MENA Summit Concluded in Riyadh 2 Riyadh

The 6th Retail Leaders Circle MENA Summit, which is the first edition of the event held in Saudi Arabia, took place in Riyadh this week in partnership with Invest Saudi. Speakers presented Saudi, regional and international perspectives into the industry's future challenges and discussed the...

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Business & Money | Tuesday 11 February, 2020 4:44 pm

AMAALA Company Announces a Who's Who of Industry Titans for Advisory Board

AMAALA, the ultra-luxury development located along Saudi Arabia's northwest coast, has announced its Advisory Board. The first board meeting saw a veritable who's who of industry titans gather to share their visionary knowledge of health and wellness, sustainability and...

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Business & Money | Tuesday 11 February, 2020 2:00 pm

Sleep Expo Middle East Achieves New Highs

The second edition of Sleep Expo Middle East came to a close today, reaffirming its position as a premier global event for the sleep industry.  The three-day show witnessed new highs, especially with major increase in both exhibitors’ and visitors’ numbers.  The mood among...

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Business & Money | Tuesday 11 February, 2020 11:51 am

Eshraq Investments records net profit of AED 11.8 million before impairments during the Financial Year ending on 31 December 2019

Eshraq Investments PJSC (“Eshraq” or “Company”), the Abu Dhabi-based investment company listed on the Abu Dhabi Securities Exchange (“ADX”), reported a net loss of AED 10.7 million for the full-year period ending December 31, 2019. Eshraq’s net profit...

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Business & Money | Tuesday 11 February, 2020 11:00 am

Arabian Centres Appoints Fawaz Goth as Chief Development Officer, Abdulmajid Albasri as Chief Financial Officer

 Arabian Centres Company (ACC), the leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, has announced the appointment of Fawaz Goth as the Company’s new Chief Development Officer (CDO). In this role, Mr. Goth will be responsible for supervising the...

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Business & Money | Tuesday 11 February, 2020 10:43 am

Almarai Sponsors The International EcoTrail AlUla Race

Within the activities of Winter at Tantora, Almarai sponsored the international race for multi-track running “EcoTrail” in the historic AlUla Governorate.  The race is organized for the first time in the Middle East by the Royal Commission for AlUla aiming to enhance the position...

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Business & Money | Tuesday 11 February, 2020 10:40 am

DAMAC Properties announces 2019 preliminary financial results

DAMAC Properties Dubai Co PJSC (DFM: DAMAC) , announced preliminary financial results for the year ended December 2019, reporting booked sales of AED3.1bn and unit deliveries of c.4,700 units in full year 2019.   DAMAC focused throughout 2019 on deliveries and execution of projects...

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Business & Money | Tuesday 11 February, 2020 4:12 am

Saudi ministry of housing and its Russian counterpart sign in Abu-Dhabi a joint cooperation program to enhance investment opportunities

The Ministry of Housing of the Kingdom of Saudi Arabia and the Ministry of Building, Housing and Public Utilities of the Federal Republic of Russia signed on the sidelines of the Global Urban Forum currently being held in the UAE capital of Abu-Dhabi, a joint cooperation program to enhance...

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Business & Money | Tuesday 11 February, 2020 2:15 am

Saudi civil aviation authority organizes training workshop for pilots

The General Authority of Civil Aviation (GACA) organized a regional workshop to train pilots to ensure aircraft safety in the wake of turbulence or loss of control that may occur during flight. The workshop was attended by several local and regional aviation specialists. It consisted of...

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Business & Money | Monday 10 February, 2020 1:06 pm

Al Rajhi Aviation reaffirms strategic partnership with Sabre

Al Rajhi Aviation, one of Saudi Arabia’s leading travel providers, has renewed an exclusive partnership with leading technology provider, Sabre Corporation (NASDAQ: SABR), to support its plans to expand regionally and explore opportunities in online travel.   This agreement...

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