Business & Money | Tuesday 16 July, 2019 4:30 pm

SAMI acquires Aircraft Accessories & Components Co. Ltd.

As part of its ongoing efforts to develop a sustainable domestic defense sector in Saudi Arabia, Saudi Arabian Military Industries (SAMI) has announced the acquisition of a majority stake in Aircraft Accessories & Components Co. Ltd. (AACC), a Saudi entity of the Economic Offset...

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Business & Money | Tuesday 16 July, 2019 3:04 pm

​LEADING INTERIOR DESIGNERS GO HEAD-TO-HEAD IN HOTEL ROOM DESIGN CHALLENGE AT THE HOTEL SHOW

The 20th edition of the Hotel Show Dubai taking place from 17th to 19th September at Dubai World Trade Centre will showcase some of the UAE’s leading interior designers and fit out contractors competing in the event’s newest feature: The Hotel Room Design Challenge. Competing teams...

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Business & Money | Tuesday 16 July, 2019 2:53 pm

19th Edition of Workspace Will Reinforce Focus On Wellness and Sustainability Across Sectors

The 19th edition of Workspace will take place as a part of Middle East Design and Hospitality Week 2019 from 17th to 19th September at Dubai World Trade Centre. The GCC’s leading event for interior design, furniture and products for commercial, office, healthcare or educational workspaces...

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Business & Money | Tuesday 16 July, 2019 2:45 pm

"Ma'aden" receives a Quality Certificate from the British Institute BIS

The Saudi Arabian Mining Company (Ma'aden) has strengthened its quality system by obtaining the ISO 9001/2015 quality certification for all aluminum companies by the British Standards Institute (BSI). The company has standardized the operations of the quality management system in accordance...

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Business & Money | Tuesday 16 July, 2019 2:30 pm

Future of smart urban transportation in smart cities

An ever increasing concentration of population within urban settings around the world is posing real-life challenges to urban mobility. The recent expansion and growth of the Internet of Things (IoT) is fundamental to the continued development of transport options within smart cities. It drives the ...

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Business & Money | Tuesday 16 July, 2019 9:00 am

HSEVEN Accelerate World-Class African Startups

HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora. The 6-month program will provide a seed investment of €150,000 plus an eventual investment of...

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Business & Money | Monday 15 July, 2019 1:30 pm

Banking, petrochemical shares boost Tadawul

Major Gulf stock markets closed higher on Sunday, mirroring gains late last week in global markets, and supported by some companies’ positive second-quarter results.In Saudi Arabia, the Tadawul main index rose 0.5 percent, with banks and petrochemical companies leading the gains.Dubai’s ...

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Business & Money | Monday 15 July, 2019 1:25 pm

Abu Dhabi sovereign fund to boost active investments in fixed-income

Abu Dhabi Investment Authority (ADIA), the world’s third-biggest sovereign wealth fund, plans to increase active investments in fixed-income in the coming years, reducing its reliance on passive investments. The move comes as ADIA, which manages the reserves of oil-rich Abu Dhabi, has been...

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Business & Money | Monday 15 July, 2019 1:25 pm

Saudi Bank customers warned of online fraudsters

Fraudsters are now applying innovative ways to cheat people via email. They used to make mobile calls and send texts or messages via WhatsApp, but now they are sending emails bearing bank logos and asking users to update accounts, even seeking personal information. The banking service...

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Business & Money | Monday 15 July, 2019 12:50 pm

Dubai launches e-statistics system for better data to clients and decision makers

Dubai Customs launched its new e-statistics system which has been developed in-house to keep abreast with the technological advancements in the UAE towards embracing the Fourth Industrial Revolution (4IR), in line with the directives and vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, ...

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