The Bahrain based investment firm GFH is distributing a 6.2 per cent cash dividend for 2023, a period in which profit totalled $105.22 million from total income of $369.5 million. (The dividend works out to Dh0.06 a share.) The GFH stock – listed on four GCE exchanges, including DFM and ADX – has been on…
Prince Faisal bin Bandar, the governor of Riyadh, acting on behalf of King Salman and Crown Prince Mohammed bin Salman, on Wednesday received a visit from the Djibouti’s ambassador to Saudi Arabia, Dya-Eddine Said Bamakhrama, and the leaders of several regional organizations based in the Kingdom. The visitors offered Ramadan greetings to the Saudi leadership,…
The UAE and Saudi Arabia have been ranked first and third respectively in the Global Entrepreneurship Monitor report for 2023-2024. The report, which assesses the entrepreneurial ecosystems of countries worldwide, is highly regarded by international bodies such as the World Bank, International Monetary Fund and various UN organizations,Saudi Arabia showed significant progress in its entrepreneurial…
Saudi Arabia’s foreign minister Prince Faisal bin Farhan held a phone call on Saturday with the Prime Minister of Palestine and Minister of Foreign Affairs Mohammed Mustafa, Saudi Press Agency reported. Prince Faisal congratulated Mustafa on his appointment to form the Palestinian government, and on assuming the position of Minister of Foreign Affairs. The prince also wished success…
The President of Umm Al-Qura University, Dr. Moaddi bin Mohammed Aal Madhhab, recently signed an agreement with Dr. Mohammed Al-Otaibi, general supervisor of the Research, Development and Innovation Authority.Titled “Governance of Financial Support for Scientific Research in Research Agencies,” the agreement aims to support and promote scientific research in line with the developments and objectives…
Top officials from the GCC and Canada’s government held talks on Wednesday in Riyadh on ways to boost relations and tackle key regional and international challenges. Jassem Mohamed Albudaiwi, secretary-general of the GCC, met with Canada’s Foreign Affairs Minister Melanie Joly to discuss the “importance of consolidating the strategic dialogue between the two sides,” the…
Saudi Fund for Development CEO Sultan Al-Marshad and his accompanying delegation were received by Pakistan’s Prime Minister Shehbaz Sharif on Friday in Pakistan, the fund reported via its account on X. During the meeting, the five decades of development relationship and the progress of the fund’s development projects in Pakistan were discussed.
رحب سوق دبي المالي اليوم بالإدراج الناجح لشركة باركن ش.م.ع. (“باركن”)، المشغل الحصري لمواقف السيارات العامة في دبي والذي يتمتع بسجل حافل يمتد لثلاثة عقود. يمثل هذا الإدراج أول طرح عام في سوق دبي المالي في عام 2024، ويواصل هذا الإدراج المهم استراتيجية تطوير أسواق رأس المال القوية في الإمارة لطرح الكيانات الحكومية والمرتبطة بالدولة…
The new LuLu Exchange branch is located inside the Town Mall at Dubai Investment Park -2 UAE’s leading cross-border payments and currency exchange provider opened its 93rd branch in the country in the commercial region of DIP-2 in Dubai. The new branch marks the 280th global branch under LuLu Financial Holdings and was inaugurated by…
Pakistan’s leading fashion brand GulAhmed has forayed into the international market by opening its first retail outlet in the UAE. The more than 100 years old business group inaugurated its maiden fashion retail store — Ideas by GulAhmed — at City Centre Sharjah to introduce multiple brands such as GulAhmed, Kaaj ready-to-wear, Ideas Home, Ideas…
