Business & Money | Tuesday 18 July, 2023 11:23 am

Fitch Ratings, Moody's Investors Service, and S&P Global Upgrade Emaar Properties PJSC's Credit Ratings

Emaar Properties PJSC, Dubai's premier real-estate developer, received credit rating upgrades from Fitch Ratings, Moody's, and S&P Global, reflecting its strong financial performance and improved leverage ratios. Fitch Ratings has upgraded Emaar Properties Long-Term Issuer Default Rating...

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Business & Money | Tuesday 18 July, 2023 11:18 am

FedEx Boosts Convenience with New Paperless Mobile Shipping Solution in the UAE, Bahrain, and Kuwait

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has launched FedEx Ship Manager® Lite (FSML), a new mobile shipping solution, for shippers in the United Arab Emirates (UAE), Bahrain, and Kuwait to prepare their packages with...

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Business & Money | Tuesday 18 July, 2023 11:06 am

PwC Legal continues to strengthen Middle East service offering

In response to the region’s growing need for effective legal and advisory services on the back of a burgeoning economic landscape, PwC Legal in the Middle East, part of the world’s most extensive law firm by geography, with over 4,000 lawyers and legal professionals in over 100 countries, is...

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Business & Money | Tuesday 18 July, 2023 11:03 am

Knowledge Group Opens its Regional Office in Riyadh

Knowledge Group, a regional subsidiary of “Nema Education” and a pioneer in training, development, and strategic consulting, offering comprehensive solutions to organisations and individuals across the Middle East and North Africa, has opened a regional office in Riyadh. The office opening...

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Business & Money | Tuesday 18 July, 2023 8:33 am

Fahad Aldeweesh Appointed Citi Saudi Arabia CEO

Citi today announced the appointment of Fahad Aldeweesh as Citi Saudi Arabia (CSA) Chief Executive Officer.    As CEO of Citi Saudi Arabia, Fahad will oversee all businesses and operations in the local legal entity. He will be responsible for Citi’s business and governance in...

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Business & Money | Monday 17 July, 2023 11:13 am

Mastercard partners with Geidea to expand access to world-class payment solutions in Saudi Arabia

Mastercard has partnered with Geidea to offer consumers and businesses greater access to advanced card and payment solutions.  Through Mastercard, Geidea will extend its range of services and products, operating as an issuer. As part of the agreement, Geidea will leverage Mastercard’s...

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Business & Money | Monday 17 July, 2023 10:31 am

Herald Holdings expands business at Sharjah Airport International Freezone

Herald Holdings (FZE), a global conglomerate of logistics and shipping companies, has signed an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its presence in the region.The agreement, inked by Saud Salim Al Mazrouei,...

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Business & Money | Monday 17 July, 2023 10:23 am

Commercial transport activities contributed AED16 bn to Dubai Economy in 2022

Mattar Al Tayer, Director-General, Chairman of the Board of Executives Directors of Dubai’s Roads and Transport Authority (RTA), revealed that AED16.1 billion was contributed to Dubai’s Economy in 2022 by the commercial transport sector, which is regulated by RTA. The sector employs around ...

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Business & Money | Monday 17 July, 2023 10:19 am

Diriyah to open first hotel in December, offer 400 units for sale: CEO of DGDA

Diriyah Co. is growing at a fast pace, Jerry Inzerillo. Samhan Heritage Hotel, which comprises 141 rooms, along with one out of six museums will open next December, Jerry Inzerillo, CEO of the Diriyah Gate ‍Development Authority (DGDA), told CNBC Arabia. Many facilities will be inaugurated...

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Business & Money | Monday 17 July, 2023 10:10 am

WAJA signs SAR 9.2 mln contract with NHC

WAJA Co. signed a contract, on July 16, to undertake improvement works on the main building of National Housing Co. (NHC), the company said in a statement to Tadawul. The contract, which has a duration of 100 days, is valued at SAR 9.17 million, including value-added tax. The work scope...

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