Business & Money | Friday 27 July, 2018 3:32 am

Toshiba Memory Corporation Starts Construction of the First Fabrication Facility in Kitakami City, Iwate Prefecture

Toshiba Memory Corporation, the world leader in memory solutions, today held a groundbreaking ceremony for the first semiconductor fabrication facility (fab), called K1, in Kitakami, Iwate prefecture, in northeastern Japan. On its completion in autumn 2019, the facility will be one of the most...

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Business & Money | Friday 27 July, 2018 1:05 am

Dubai Judicial Institute publishes the ninth edition of its magazine

Dubai Judicial Institute (DJI) has announced the release of the ninth edition of its ‘Emirates Law, Business & Practice’ magazine, which focuses on VAT and its history, importance and implementation. The issue features a comprehensive interview about the subject with His Excellency...

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Business & Money | Thursday 26 July, 2018 3:40 pm

AlGhazali Organizes Two Exhibits in Jeddah and Makkah in Preparation for Haj Season 1439H

AlGhazali Trading Company organized its two regional exhibitions in Makkah and Jeddah in preparation for Haj season 1439H. This came after the annual company meeting for its clients and distributers. The Jeddah exhibit, which was held in AlGhazali center in Jeddah, was opened by Dr. Sami Abdullah...

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Business & Money | Thursday 26 July, 2018 3:34 pm

Saudi Stock Exchange Added to S&p Dji Indexes

The Saudi Stock Exchange (Tadawul) is pleased to announce today that S&P Dow Jones Indices (S&P DJI), a leading provider of global equity indexes, upgraded the Kingdom of Saudi Arabia to “Emerging Market” from its previous “Standalone Market” country...

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Business & Money | Thursday 26 July, 2018 3:13 pm

Nakheel and Centara cement AED500 million hospitality joint venture with AED290.5 million construction contract

UAE-based master developer Nakheel and leading Thai hotel group Centara Hotels & Resorts today cemented their AED500 million joint venture with a construction contract worth AED290.5 million to build a 601-room beachfront resort at Dubai’s Deira Islands.    The two...

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Business & Money | Thursday 26 July, 2018 2:32 pm

“Sipchem” & “Argaam” sign MoU to enhance investor relations in Saudi Market

Saudi International Petrochemical Co. “Sipchem” and Saudi based Argaam Investment Co. “Argaam” and on Monday signed a memorandum of understanding (MoU) to enhance investor relations (IR) role and practices in the local equity market, the two companies said in a joint...

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Business & Money | Thursday 26 July, 2018 3:24 am

Shurooq and REI Holding Strengthen Korea-Sharjah Bilateral Investments in Second MoU

  Sharjah Investment and Development Authority (Shurooq) has signed a second Memorandum of Understanding (MoU) with Korea’s global investment corporation REI Holding Group, to encourage bilateral investments, collaborate on industry information and expand business networks in both...

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Business & Money | Thursday 26 July, 2018 1:53 am

DP World to build and operate new logistics hub in Mali

DP World has struck a major new logistics deal in Mali as it seeks to boost its presence in West Africa and rebound from a series of setbacks in the east of the continent. The Dubai-based ports operator has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali ...

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Business & Money | Thursday 26 July, 2018 1:50 am

Saudi finance ministry goes live with digital financial platform Etimad

The Ministry of Finance’s digital portal Etimad, to streamline services for the public and private sector, has gone online.  Etimad allows government entities and private sector contractors to make use of the digital services for procurement, budget management, vendor selection, and...

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Business & Money | Wednesday 25 July, 2018 3:22 pm

UBF lays groundwork for Basel III implementation with workshop in Abu Dhabi

The UAE Banks Federation (UBF) hosted a six-hour workshop examining the key issues around the upcoming implementation of the Basel III Accord.  The event was held today (Wednesday, 25 July 2018) in Abu Dhabi, and the sessions have been arranged by the UBF Risk Management Committee...

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