Month: February 2021

Saudi Arabia Extends COVID-Related Restrictions For 20 days

The Kingdom of Saudi Arabia has announced restrictions on entertainment activities, gatherings, and dine-in restaurant services for 20 days to curb the spread of coronavirus, Saudi Press Agency (SPA) reported on Sunday. According to an interior ministry statement, the announcement extends a set of measures brought in 10 days ago, which includes closure of cinemas

SALAMA’s Preliminary 2020 Net Profit More Than Doubles To AED 136.13M

2020 has seen SALAMA achieve excellent progress in its business objectives. In particular, the Company has executed strongly on improving core business profitability and investment income, with the results that net profit for 2020 more than doubled to AED 136.13m (2019: AED 59.82m). At an operating level, during 2020, SALAMA has successfully focused on the

ALEC Identifies Key Trends For The Construction Sector In 2021

ALEC, one of the UAE’s most diversified construction groups has identified what it believes to be the key trends expected to drive the industry during the year ahead. Commenting on the topic, ALEC CEO, Kez Taylor, said: “While the pandemic has clearly caused many industries around the world to change tack, the prevailing construction trends

Aman More Than Doubles Preliminary 2020 Net Profit To AED 19M

Dubai Islamic Insurance & Reinsurance Company PJSC (Aman), the pioneering UAE Takaful Insurance provider, has announced its preliminary financial results for the year ending 31 December 2020. Aman reported a net profit attributable to shareholders of AED 19 million, an increase of 117% over 2019’s net profit of AED 8.7 million. The strong results demonstrate

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