Business & Money | Thursday 27 August, 2020 10:01 am

ENBD REIT announces Q1 NAV of USD 215 million; Balance sheet and cash flows healthy while cost controls mitigate pressures

ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its Net Asset Value  (“NAV”) for the first quarter ended 30th June 2020. ENBD REIT’s NAV stood at USD 215 million, as compared to...

More Details

Business & Money | Thursday 27 August, 2020 6:11 am

 FedEx and Direct Relief Team Up to Deliver Aid to Lebanon

More than 60 tons of critical aid will soon offer needed relief to medical personnel in Beirut, Lebanon. FedEx Corp. (NYSE: FDX) transported the emergency supplies via a dedicated charter flight to help health facilities responding after a deadly explosion ripped through the city earlier this...

More Details

Business & Money | Thursday 27 August, 2020 4:31 am

CASIO opens one of Saudi’s largest CASIO store in Tabouk

Renowned global watchmaker, CASIO, has opened its new CASIO store in Tabouk, in partnership with the renown “Swiss House” a leading retailer of watch and jewelry in the northern city of Tabouk .To mark the special occasion, CASIO's latest models were revealed and will be available at the Tabouk ...

More Details

Environment & Energy | Thursday 27 August, 2020 4:26 am

Oil price hits five-month high as hurricane heads for US refineries

DUBAI: Oil prices hit a five-month high on Wednesday as Hurricane Laura homed in on the heartland of the US energy industry.With the hurricane strengthening and upgraded to a “catastrophic” Force 4 storm, the oil industry around the Gulf of Mexico was bracing itself for landfall in the next 24...

More Details

Business & Money | Thursday 27 August, 2020 3:39 am

Sajed Sbeih to Take Over as Managing Director Commercial Operations for General Motors Africa and Middle East

General Motors has appointed Sajed Sbeih as Managing Director Commercial Operations for its business in Africa and Middle East. Sbeih will report directly into the newly appointed Luay Al Shurafa, President and Managing Director General Motors AMEO. In his new role, Sbeih has a clear mandate...

More Details

Cars & Autos | Thursday 27 August, 2020 3:37 am

SAIC Motor ranks 7th among world’s top car manufacturers in the
 Fortune Global 500 list

SAIC Motor has once again ranked 7th out of all automotive manufacturers in the prestigious Fortune Global 500 list, with the latest edition confirming the company’s place in the global Top 100 for a seventh successive year. In its 16th consecutive appearance in the prestigious index, the...

More Details

Cars & Autos | Thursday 27 August, 2020 2:32 am

Lexus Announces Three Mentors for 2021 DESIGN AWARD

Lexus today announced three mentors for the 2021 LEXUS DESIGN AWARD, the international design competition which is currently accepting submissions from the world's emerging designers. Architect Mariam Kamara and designer Sabine Marcelis join as first-time mentors along with designer/inventor Joe...

More Details

Technology & IT | Thursday 27 August, 2020 12:45 am

Ericsson and UNICEF launch global partnership to map school internet connectivity

Ericsson (NASDAQ: ERIC) and UNICEF announced today a global partnership to help map school connectivity in 35 countries by the end of 2023. Mapping the internet connectivity landscape for schools and their surrounding communities is a critical first step towards providing every child with access to ...

More Details

Business & Money | Wednesday 26 August, 2020 3:05 pm

GROHE Saves Water for Future Generations in Partnership with the Saudi Food Bank, Ita’am

GROHE, the leading global brand for full bathroom solutions and kitchen fittings brought back its Turn Water Into Food program to the Kingdom of Saudi Arabia for the second time in partnership with the Food Bank. The award-winning program designed to guarantee the responsible use of water granting...

More Details

Business & Money | Wednesday 26 August, 2020 2:44 pm

Saudi Renewable Sector to Generate 750,000 Jobs over the Next 10 Years

A recent report by the U.S.-Saudi Business Council (USSBC) has revealed that the level of ongoing investments in Saudi Arabia’s renewable sector is expected to create up to 750,000 jobs over the next 10 years, and will become a prominent sector in the development of Saudi talent. The report cited ...

More Details