Business Blog

Dubai Police smart services at upcoming Gitex

Dubai Police’s Smart Services will showcase more than 20 of their smart services at Gitex Technology Week between October 12-16, police officials announced at a press conference.

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Holiday Inn Downtown opens in Abu Dhabi

The Holiday Inn Abu Dhabi Downtown has opened, according to a statement on Wednesday.

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Saudi mobile penetration rate hits 170%

The penetration rate of mobile phones among Saudi nationals climbed to 170% and outperformed the global rate of 93%, according to a financial report.

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100 towers in SR50bn Madinah pilgrim city to house 200,000

Work on the first phase of the SR50 billion King Abdullah Pilgrim City in Madinah has begun as part of the government's efforts to further improve services being extended to the guests of God who come for Haj and Umrah every year.

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UPDATE 2-CIMB, two smaller lenders agree to create Malaysia's biggest bank -sources

* Proposals have been submitted to the central bank -sources * Deal will involve share swap between CIMB and RHB -sources * Islamic banking arms of CIMB, RHB may merge with MBSB -source (Writes through with details from sources) By Saeed Azhar and...

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Egyptian Saudi Insurance House contribute 10% in Egypt's SALAMA new firm

Egyptian Saudi Insurance House and Faisal Islamic Bank are planning to contribute in Salama Family Takaful Company (Life Insurance) in Egypt in which SALAMA - Islamic Arab Insurance Company a leading provider of direct Takaful companies in the United Arab Emirates requested to set up Salama Takaful in Egypt with EGP100 million capital.

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