Business & Money | Monday 12 November, 2018 1:57 am

MEBF 2018 offers exceptional insights into banking industry trends over next 10 years

Offering exclusive insights into emerging opportunities and challenges facing the banking industry over the next decade, the sixth edition of the UAE Banks Federation (UBF)’s Middle East Banking Forum, one of the leading banking conferences in the region, concluded successfully today, Sunday, ...

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Business & Money | Sunday 11 November, 2018 5:48 pm

Hormann establishes 4800sq.m production line in JAFZA

Hormann, one of the world’s largest producers of industrial, commercial and residential doors, celebrated the company’s 10 years of operations in the Middle East with the opening of a new 4,800 square meter production line in JAFZA. With a capacity to produce 35,000 doors a year, the...

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Business & Money | Sunday 11 November, 2018 2:15 pm

Sovereign Bonds Law to boost UAE economy by delivering multiple investment benefits, say legal experts

The new law enabling the federal government to issue sovereign bonds will deliver a major boost to the UAE economy by providing multiple benefits for the country’s investment environment, legal experts say. STA Law Firm believes the law is an important step in the development of the...

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Business & Money | Sunday 11 November, 2018 2:09 pm

Alkhabeer Capital Launches IPO of Alkhabeer REIT Fund on Tadawul

Alkhabeer Capital, the asset manager specialized in alternative investments, today launched the Initial Public Offering (IPO) of its Shari’ah compliant Alkhabeer REIT Fund, with assets in excess of SAR 1 billion and an IPO size of SAR 237 million, equating to 24% of total Fund...

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Business & Money | Sunday 11 November, 2018 7:04 am

UAQ CP tours Cars and Motorcycles Festival

 H.H. Sheikh Rashid bin Saud bin Rashid Al Mu'alla, Crown Prince of Umm Al Qaiwain, on Friday toured the 2nd Umm Al Qaiwain Cars and Motorcycles Festival, which this year attracted a record of more than 2,500 exhibitors from the UAE and other Gulf countries. H.H. Sheikh Saud talked to...

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Business & Money | Sunday 11 November, 2018 7:01 am

Women employees in private sector up 8.8%

About 48,000 Saudi women have entered the job market in the second quarter of 2018, which is an increase of 8.8 percent over their number in the same period the previous year, according to a labor market bulletin. Issued by the General Authority for Statistics (GaStat), the bulletin said there...

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Business & Money | Sunday 11 November, 2018 6:59 am

Saudi Arabia to boost defense, trade, tech ties with Manila

Saudi Arabia and the Philippines are exploring possible cooperation in key areas, including defense, trade and investment, following a commitment by the two countries to strengthen bilateral relations. The move was announced by the Department of Foreign Affairs (DFA) in Manila as the Philippines...

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Business & Money | Sunday 11 November, 2018 6:55 am

China-Arab forum calls to develop sustainable cities

The second meeting of the China-Arab States Cooperation Forum, which concluded in Marrakesh, called for the adoption of benchmarks for sustainable Arab cities and economic measures that will attract investment and create employment opportunities. The event emphasized the importance of developing...

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Business & Money | Sunday 11 November, 2018 1:57 am

Virgin Hyperloop One Announces New Leadership Team to Support Commercialization and Implementation of World’s First Hyperloop System

Virgin Hyperloop One, the only company that has developed a full scale hyperloop system, announced today that Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, has been elected as its new Chairman. Jay Walder, who is one of the world’s leading mass transportation and technology...

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Business & Money | Sunday 11 November, 2018 12:24 am

Alibaba Singles Day sales hit over $1 billion in 85 seconds

The biggest shopping day on the planet has started with a bang. Chinese e-commerce giant Alibaba (BABA) said Sunday that sales soared past $1 billion after just one minute and 25 seconds of the online retail blitz known as Singles Day. The shopping extravanganza regularly racks up bigger...

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