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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Business & Money | Monday 10 February, 2020 12:30 pm

Saudi Real Estate Refinance Company wins ‘Deal of The Year’ award for debut sukuk issuance

Saudi Real Estate Refinance Company (SRC), a wholly owned subsidiary of the Kingdom’s Public Investment Fund, has been awarded ‘Deal of the Year’ by Bonds, Loans and Sukuk Middle East for its debut sukuk issuance. The SAR 750 million (US$200 million) sukuk...

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Business & Money | Monday 10 February, 2020 12:23 pm

"Ras Al Khaimah Reconciliation and Arbitration center" and "Rakez" support business community

Ras Al Khaimah Reconciliation and Arbitration center, an initiative of R.A.K Chamber, and the RAK Economic Zones Authority (RAKEZ) in the Emirate have entered into an agreement to support the business community and to enhance the legal environment to support the commercial business by settling...

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Business & Money | Monday 10 February, 2020 9:33 am

Al Ghurair Properties Ends 2019 with Double Top-Line Growth

Al Ghurair Properties, the real estate development arm of Al Ghurair Investment that offers a wide portfolio of residential properties that strategically respond to the UAE residents’ needs has announced significant company growth in 2019, doubling its year-on-year top-line performance, both...

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Business & Money | Monday 10 February, 2020 8:05 am

Emaar Malls closes 2019 with 5% growth in revenue reaching to AED 4.673 billion (US$ 1.272 billion)

Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties (DFM: EMAAR), recorded a 5 per cent increase in revenue to AED 4.673 billion (US$ 1.272 billion), compared to the 2018, AED 4.446 billion (US$ 1.210 billion). Overall net profit in 2019 amounted ...

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