Business & Money | Thursday 19 March, 2020 3:02 am

IDB reveals implementation of new project aimed at helping develop and apply requirements needed in achieving the industrial sector's sustainability

The Abu Dhabi Department of Economic Development (ADDED), through its Industrial Development Bureau (IDB), has revealed the implementation of a new project that has been specifically designed to help foster the development and application of requirements needed to maintain the industrial...

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Business & Money | Thursday 19 March, 2020 1:25 am

Minister of Finance and Acting Minister of Economy and Planning: Government is taking precautionary financial measures to face effects of the global epidemic (COVID-19)

Due to the economic and global conditions resulting from the consequences of the global epidemic (COVID-19), and the sharp decline in the outlook for global economic growth and its negative impact on oil markets, and its direct impact on public finances in the Kingdom of Saudi Arabia, the...

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Business & Money | Thursday 19 March, 2020 12:28 am

SAMA: stop freezing customer bank accounts for three cases

Saudi Arabian Monetary Authority "Sama" announced the issuance of its decision to suspend the freezing of clients' bank accounts for a period of (30) days, according to specific cases. This step is attached to the instructions issued by the institution regarding regulating the work...

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Business & Money | Wednesday 18 March, 2020 3:31 pm

Dubai Investments rolls out measures to help combat COVID-19

In response to the global outbreak of the Coronavirus (COVID-19) and in line with precautionary measures adopted and implemented by the government, Dubai Investments, the leading, diversified investment company listed on the Dubai Financial Market, has committed to supporting the government...

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Business & Money | Wednesday 18 March, 2020 3:24 pm

Consul Generals of Indonesia and Thailand visit Ras Al Khaimah to explore potential economic cooperation

HH Sheikh Ahmed bin Saqr Al Qasimi, Chairman of Ras Al Khaimah Economic Zone (RAKEZ), has recently welcomed HE Ridwan Hassan, Consul General of Indonesia to the United Arab Emirates (UAE) during his visit to Ras Al Khaimah and RAKEZ to discuss ways on boosting the economic relationship between...

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Business & Money | Wednesday 18 March, 2020 12:30 pm

Ma’aden achieves ISO 55001 and ISO 31000 certifications at two of its major complexes

Saudi Arabian Mining Company (Ma’aden) subsidiary Ma’aden Phosphate Company (MPC) has received the ISO Asset Management System (ISO 55001) and ISO Risk Management System (ISO 31000) certifications for its two major complexes, the Integrated Fertilizer Production Complex in Ras Al Khair...

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Business & Money | Wednesday 18 March, 2020 12:21 pm

Director General of Dubai Customs hails precautionary procedures at Al Maktoum International Airport

As part of his regular tours of inspection to different customs centers and departments, Ahmed Mahboob Musabih, Director General of Dubai Customs visited Al Maktoum International Airport. He applauded the advanced procedures taken to detect coronavirus cases at Al Maktoum International Airport ...

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Business & Money | Wednesday 18 March, 2020 11:32 am

XTOUCH appoints National Store as an authorized distributor for UAE

Dubai- headquartered leading mobile phone brand, XTOUCH has today announced that it has signed a partnership agreement with National Store to enhance the retail presence of XTOUCH brand in the United Arab Emirates.   For past 50 years, National Store has been in the forefront...

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Business & Money | Wednesday 18 March, 2020 9:51 am

Abu Dhabi Securities Exchange (ADX) Reduces the Daily Maximum Decline of Shares to 5%

In line with SCA ‘Securities and Commodities Authority’  The Abu Dhabi Securities Exchange (ADX) decided to reduce the maximum daily decline percentage for the shares of companies listed on ADX from 10% to 5%, from the previous closing price per session. This decision is...

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Business & Money | Wednesday 18 March, 2020 3:12 am

Amaala Appoints Hks Architects Master Planner Of Triple Bay And The Coastal Development

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of international design firm HKS Architects as Master Planner for Triple Bay and The Coastal Development. Set in the Prince Mohammed bin Salman Nature Reserve, AMAALA will...

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