Business & Money | Wednesday 27 July, 2016 7:08 am

Industrial partnership between KSA, France scales new heights

French Ambassador Bertrand Besancenot pledged his support for peace, stability and development of “Saudi-French friendship” at a forum on “Saudi French Military Contract” held in Riyadh on Monday. The event held at the Ritz Carlton was patronized by the Vice Minister of...

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Business & Money | Wednesday 27 July, 2016 6:26 am

Saudi Arabia top destination for Chamber members’ exports and re-exports in the region

This year, Dubai maintained its attractiveness to global investors as in the first half of 2016, over 8,000 new companies joined the membership of Dubai Chamber of Commerce and Industry bringing its total membership to 193,000 with a 4.3% growth. This new addition takes the non-profit business...

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Business & Money | Tuesday 26 July, 2016 4:20 pm

Siemens ships its first “Made in KSA” gas turbine to power Jazan Economic City

In line with the Saudi Vision 2030 and Saudi Aramco’s In-Kingdom Total Value Add (iktva) program, Siemens delivered the first shipment of its locally produced gas turbines to the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan. This is the world’s largest...

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Business & Money | Tuesday 26 July, 2016 7:37 am

Q2 2016 Middle East cross-border deal-making steady despite global decline: Baker & McKenzie Report

Global cross-border M&A volume and values were subdued in Q2 2016, as investors held their breath, but the Middle East region saw an increase in both inbound and outbound cross-regional activity in the first half of 2016, according to global law firm Baker & McKenzie’s quarterly...

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Business & Money | Tuesday 26 July, 2016 7:14 am

Marka announces partnership with loyalty programme, Air Miles Middle East, the most exciting loyalty scheme in the region

Marka PJSC (DFM: MARKA), the first public stock retail operator in the UAE, has announced its partnership with the loyalty programme, Air Miles Middle East, in a move which seeks to reward its frequent customers. This represents the latest affiliation in an ongoing expansion programme by Marka...

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Business & Money | Tuesday 26 July, 2016 7:11 am

Phase 1 of DAMAC Properties’ AKOYA Imagine Villas Sold Out; Phase 2 Planned

 DAMAC Properties announced today that phase one of AKOYA Imagine villas has been sold out, and the launch of the second phase is planned for the end of July. The contemporary-styled villas, which are designed and priced to attract professionals in the “under 35” age group, have...

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Business & Money | Tuesday 26 July, 2016 5:34 am

Dell prepares customers in Saudi Arabia for the future in alignment with Vision 2030

 Dell is today announcing its continued momentum in providing customers in Saudi Arabia with future-ready technology. As technologies and IT are increasingly able to give businesses a competitive advantage, CEOs are turning more toward CIOs as the new business experts. Dell has worked closely...

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Business & Money | Tuesday 26 July, 2016 5:09 am

Dulsco bags two major industry awards in 2016

Dulsco, a regional stalwart in human resource and waste management solutions, has won the Superbrand award for the second consecutive year. Dulsco is the only waste management company and HR solution providers in the region to be awarded the Superbrand status. More than 2,000 prominent brands in...

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Business & Money | Tuesday 19 July, 2016 1:02 pm

A Strong Second Quarter 2016

Almarai showed a strong Q2 2016 performance with sales up + 10.3% and net Income up by +18.5% compared to the same quarter of 2015.   The Q2 2016 results reached record levels in the company’s history for Net Income of SAR 629 million and Sales of SAR 4,025 million....

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Business & Money | Sunday 17 July, 2016 11:14 am

NCB’s net income reached SR 5,068 million for first half of 2016

The National Commercial Bank announced that net income for the first half 2016 reached SR 5,068 million compared to SR 4,968 million for the same period of the previous year, an increase of 2%,NCB net profit for the second quarter reached to SR 2,438 compared to SR 2,363 million for the same...

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