Business & Money | Tuesday 2 January, 2018 11:11 am

Dubai Land Department Tours New District One Community in Mohammed Bin Rashid Al Maktoum City

Officials from the Dubai Land Department have taken a private VIP tour of the new Mohammed Bin Rashid Al Maktoum City – District One community.   Sultan Butti bin Mejren, Director General of the Dubai Land Department, and H.E. Engineer Marwan bin Ghalita, CEO of RERA were hosted by ...

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Business & Money | Monday 1 January, 2018 12:20 pm

The National Commercial Bank announces that the board of directors has recommended the distribution of dividend for period the second half of 2017

The Board of Directors of NCB has recommended on 28/12/2017 corresponding to 10/04/1439H the distribution of dividend to the shareholders for the period the second half of 2017 as following: 1- Total amount of distribution of dividend SAR 1,196,878,814 2- Number of shares eligible for...

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Business & Money | Monday 1 January, 2018 8:02 am

Citizenship Invest: Over 70% increase in second passport demand in Q4 of 2017

According to Citizenship Invest, market leader specialized in the fastest citizenship programs to legally obtain a second passport, high net worth families and residents in the Kingdom of Saudi Arabia contributed to over 70 % increase in demand for second European and Caribbean nationality in Q4 of ...

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Business & Money | Saturday 30 December, 2017 12:39 pm

Rashid Ports receives 4 giant cruise ships simultaneously

30 December 2017: The cruise quay at Rashid Port received four cruise ships simultaneously on Friday 29th December: Aida Stilla, Main Chef 5, MSC Splendida and Coasta Mediterrania.   This is the first time the Port receives four cruise ships together in one day which confirms its...

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Business & Money | Saturday 30 December, 2017 12:20 pm

Makkah forum to boost innovation, leadership

An initiative to encourage innovators and entrepreneurs and to discover creative talents begins at the Makkah Cultural Forum on Jan. 7. The forum, “How to be an example,” is run under the cooperation of King Abdullah University for Science and Technology (KAUST) in the innovation...

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Business & Money | Saturday 30 December, 2017 10:30 am

Apple, Amazon in licensing talks with Saudi Arabia

APPLE and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Muhammad Bin Salman’s push to give the Kingdom a high-tech look. A third source confirmed that Apple was in talks with SAGIA, Saudi Arabia’s...

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Business & Money | Saturday 30 December, 2017 5:07 am

Visa brings cardholders irresistible deals this 
Dubai Shopping Festival

Visa (NYSE:V), the world leader in digital payments, renewed its sponsorship of the 2018 Dubai Shopping Festival (DSF) for the twenty-third  consecutive year with exciting deals for domestic and international shoppers who spend on their Visa debit and credit cards, including receiving AED...

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Business & Money | Saturday 30 December, 2017 2:02 am

ITFC Finances US$ 100 Million to Boost Maldives Energy Sector

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group signed with the State Trading Organization (STO), a government owned company in the Republic of Maldives, a syndicated murabaha financing agreement for US$ 100 million.   The...

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Business & Money | Friday 29 December, 2017 2:10 pm

Uber sells 15% stake to SoftBank

SoftBank (SFTBF), the Japanese conglomerate, has reached a deal to invest more than $7 billion in Uber for a 15% stake in the ride-hailing startup, according to sources familiar with the deal.    The vast majority of that investment comes from SoftBank buying up shares held by...

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Business & Money | Thursday 28 December, 2017 12:13 pm

Saudi Real Estate Refinance Company (SRC) Signs SAR1bn Deal with Bidaya Home Finance

Continuing its mission of increasing liquidity in the Kingdom’s mortgage market, the Saudi Real Estate Refinance Company (SRC) has signed a strategic agreement with Bidaya Home Finance to purchase a portfolio and provide a refinancing facility totaling SAR 1bn. This is the second refinancing...

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