(RIYADH): The Saudi Reinsurance Company (Saudi Re) has announced the annual financial results ending on 31 December 2022, noting that net profit before Zakat rose to $15 million compared to 14.19 million last year, with an increase of 6.4 percent. The Company’s 2022 results also recorded a rise in its sales by 26 percent, reaching...
Category: Press Releases
Samana Developers Launches Dh200 Million Waves-2 Residential Project in JVC Dubai
(DUBAI), United Arab Emirates: Following the launch and quickly selling out of the Dh165 million Waves-1 residential project in March 2022, Samana Developers today launched a Dh200 million Waves-2 project, which is adjacent to Wave-1, with retail spaces on the ground floor. The Waves twin tower is located in Jumeirah Villages Circle. The G+3P+23 Waves-2...
Samana Developers Appoints Former Emaar as General Manager
(DUBAI): Following the announcement of bringing the best real estate talent for its growth plans and new multiple project launches this year, Samana Developers today announced the appointment of a real estate expert, Ms Najmeh Jafari, as General Manager. A former executive from leading developers such as Emaar Properties, Damac Properties and Azizi Developments, Najmeh...
KPMG launches Centre of Excellence for Metaverse
Dubai / Riyadh): KPMG, a leading provider of audit, tax and advisory services announced the establishment of its Centre of Excellence (CoE) for Metaverse and Digital Twins. KPMG is bringing together a broad collective, with Microsoft, leveraging infrastructure and gaming platform, Ericsson for their 5G technology and network; and Metakey as the technical partner to...
Samana Developers Launches AED 320 million Mykonos, Santorini Projects in Dubai Featuring Greek Islands
(DUBAI): Following the announcement of 12 new real estate projects, Samana Developers, the Dubai-based trendsetter real estate company, today launched first two projects – AED 320 million Santorini and Mykonos luxury residential projects in Dubai Studio City. The design and name inspiration of the new projects reflects the popular two islands in Greece – Santorini...
Andrea Kimi Antonelli Crowned ‘2023 Formula Regional Middle East Champion’ in UAE
(Abu Dhabi, United Arab Emirates): Italian racer Andrea Kimi Antonelli was crowned champion at the 2023 Giti-Powered Formula Regional Middle East Championship (FRMEC) after the final round at the Yas Marina Circuit in Abu Dhabi. Antonelli and main title rival, Taylor Barnard, battled for the lead in Race One and the spectators saw Antonelli take...
GTA Cars Receives Showroom Of The Year (Legend) Award at Dubizzle Cars Awards
(Dubai, United Arab Emirates): GTA Cars, Dubai’s leading premium pre-owned car dealership, was awarded the Showroom of The Year – Legend award at the first edition of the Dubizzle Cars Dealership Awards, held on the 8th of February 2023, at The Meydan Hotel. This recognition is a testament to GTA Cars’ commitment to providing their...
Italy’s Kimi Retains Giti-Powered Formula Championship Lead in Kuwait Debut
(Dubai, Kuwait City): The debut Formula Regional Middle East Championship Certified by FIA (FRMEC) at 8000-seat Kuwait Motor Town was a festival of exciting events. Dino Beganovic, Taylor Barnard and Sami Meguetounif emerged as the winners of the three races held in the Kuwait Motor Town. Yet, just as he did after the opening round...
KPMG Survey: Customer Experience as the number one brand differentiator
(RIYADH): KPMG Saudi Arabia, has published the results of its 2022 global annual Customer Experience Excellence (CEE) survey. This 13th global edition, and the second to run in Saudi Arabia, is based on inputs from 1,550 consumers in Saudi Arabia measured against inputs from 89,000 consumers across 25 countries worldwide. The Saudi version of the survey...
Giti Tire-Powered Formula Middle East Championship Makes Stunning Debut in UAE
DUBAI, United Arab Emirates, The inaugural round of the new Giti Tire-powered Formula Regional Middle East Championship Certified by FIA (FRMEC) was dramatic. When the dust settled at the Dubai Autodrome from three sensational races with 27 high-quality, international drivers, a trio of young talents were celebrating victories – despite none of them being in leading...