Business & Money | Saturday 21 January, 2017 1:59 am

Bahri declares net profit of SR1.76b

BAHRI, a global leader in logistics and transportation, announced the results of its Ordinary General Assembly meeting, held at Riyadh Marriott Hotel, while also electing a new board of directors for the next three years. Abdulrahman Mohammed Al-Mofadhi, chairman of Bahri, expressed his...

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Business & Money | Friday 20 January, 2017 2:23 pm

“2nd Dubai Customs Week” kicks off 22nd Jan 2017

The activities of 2nd Dubai Customs Week will kick off, Sunday 22nd January 2017 at Dubai Customs main building. The event is held under the patronage of Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World and was attended by His Excellency Commissioner Ali Al Kaabi,...

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Business & Money | Friday 20 January, 2017 3:34 am

UAE is second largest FDI recipient in West Asia

The Higher Organising Committee of the Annual Investment Meeting (AIM) 2017, to be held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, announced Abu Dhabi Global Market (ADGM) as the key supporter of its FDI report chapter...

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Business & Money | Friday 20 January, 2017 3:02 am

Bupa Arabia leads as one of the largest companies in the Kingdom for the year 2016

Bupa Arabia for cooperative insurance, the largest healthcare provider in the Kingdom, improved its position by occupying the 37th rank, ascending 7 ranks. This successful achievement ensures Bupa Arabia’s leading role in the healthcare sector as one of the top 100 brands in the Kingdom,...

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Business & Money | Friday 20 January, 2017 12:58 am

The IDE summits registered a growth of 44.21% in 2016 compared to 2015

IDE is a leading global procurement firm, creating exclusive, captivating and unique deal flow initiatives to boost businesses and elevate corporations’ presence in the market. As one of the emerging leaders in the B2B realm, IDE is committed to creating value for each and every participant...

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Business & Money | Thursday 19 January, 2017 4:53 pm

Dubai Properties delivers over 3000 units in 2016

Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, concluded 2016 with a successful handover over 3000 units, supporting one of the city’s leading handover tallies since 2012.   The...

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Business & Money | Thursday 19 January, 2017 2:07 pm

Yahsat Celebrates Its 10 Year Anniversary

UAE-satellite operator, Yahsat, a private joint stock company fully owned by Mubadala, celebrated the tenth anniversary of its inauguration this week. Leading the celebrations at a special gala dinner in Abu Dhabi, Chief Executive Officer Masood. M. Sharif Mahmood was joined by...

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Business & Money | Thursday 19 January, 2017 8:23 am

Dubai One to cover ‘The ceremony's Choice Awards 2017’

Dubai Media Incorporation, represented by Dubai One channel, is to provide exclusive coverage of the ‘People Choice Awards Ceremony 2017’, broadcast live from Los Angeles. Sarah Al Jarman,  Dubai One Channel Manager, said: “Dubai One is always keen to cover the most...

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Business & Money | Thursday 19 January, 2017 4:00 am

NCB’s net income reached SR 9,317 million in 2016

The National Commercial Bank (NCB) announced its record net income in 2016, which reached SR 9.32 billion compared to SR 9.09 billion for the previous year, achieving an increase of SR 228 million, with a growth rate of 2.5% compared to 2015. The Q4 net income reached SR 2.29 billion compared to SR ...

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Business & Money | Thursday 19 January, 2017 3:48 am

L’azurde financial results for FY 2016

L’azurde Company for Jewellery (“L’azurde” or “the Company”), the largest gold and jewelry designer, manufacturer, and distributor in the Middle East, announced today interim financial and operational results for the year ended 31st December...

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