Business & Money | Tuesday 8 May, 2018 5:17 am

KONE Wins Order for Dubai Hills Mall in United Arab Emirates

KONE Corporation, a global leader in the elevator and escalator industry, has won an order for 156 elevators, escalators and travelators for Dubai Hills Mall in the United Arab Emirates (UAE).  The mall is ideally located for easy access from various parts of Dubai and will feature more...

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Business & Money | Tuesday 8 May, 2018 3:45 am

Innovation key to boosting Saudi tourism sector, say experts

About 60 speakers and panelists, most of them local and regional business leaders and experts, participated in the Makkah Economic Forum to discuss and review successful international experiences and propose innovative solutions. The forum aims to raise the level of services provided and create...

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Business & Money | Tuesday 8 May, 2018 2:42 am

Saudi Aramco signs MoU to develop cities, empower local communities

Saudi Aramco has signed a memorandum of understanding (MoU) with Saudi Industrial Property Authority (Modon) to enhance a joint collaboration in developing industrial cities in the kingdom, the Saudi Press Agency said. The deal will enable the top oil exporter and the property authority to...

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Business & Money | Tuesday 8 May, 2018 12:41 am

BCG Demonstrates the Impact of AI on the Future Workplace During the Middle East CEO Forum

The Boston Consulting Group (BCG), the annual BCG Middle East CEO Forums, hosted an invitation-only event, which brought together global and regional speakers and leaders, on May 3, 2018. BCG hosts its annual forum with the overall objective of encouraging discourse to drive the agenda forward, and ...

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Business & Money | Monday 7 May, 2018 4:02 pm

Intertek launches new Sharjah laboratory complex to cater to the growing demand for quality assurance

Intertek, a leading Total Quality Assurance provider to industries worldwide, has today announced the opening of its new Sharjah laboratory complex for assurance, testing, inspection and certification to support the region’s rapidly growing demand for quality assurance across multiple...

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Business & Money | Monday 7 May, 2018 3:53 pm

A UAE delegation goes to St. Kitts & Nevis to discuss Expo 2020 and bilateral relations

A delegation of the UAE led by Her Excellency Reem Al-Hashimi, UAE Minister of State and Managing Director for the Dubai World Expo 2020 has visited seven Caribbean countries in four days to discuss bilateral relations and to promote the presence of the Caribbean islands in the Expo 2020. The...

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Business & Money | Monday 7 May, 2018 3:25 pm

Gulf Capital Acquires a Strategic Stake in Geidea

Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, today announced that it has acquired a strategic stake in Saudi Geidea, the leading provider of electronic payment solutions and financial technologies in the Kingdom of Saudi Arabia, for a...

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Business & Money | Monday 7 May, 2018 3:00 pm

Tetra Pak® Arabia joins Careem & Al Rabie to Launch Water in Carton packages in Saudi Market

Tetra Pak®, the world's leading food processing and packaging solutions company, has teamed up with Careem & Al Rabie to launch a three-month campaign that will introduce Water In Carton packages to Careem customers.   “Water In Carton” is an innovative...

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Business & Money | Monday 7 May, 2018 1:24 pm

‘Town Square’ houses the right mix of community stores

Spread across 15,000m2, ‘Town Square’, the vibrant retail destination nestled within Al Forsan Village, currently houses some of the finest restaurants, concept stores, supermarket, gaming zones for children and several other community focussed brands. It is turning into an ideal...

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Business & Money | Monday 7 May, 2018 11:41 am

KPMG Listed Saudi banks see 8.7% rise in net profit in 2017

KPMG’s recently released version of the ‘GCC listed banks results’ report has shown that the banking sector in Saudi maintained a year-on-year growth in 2017 with 8.7 percent growth in net profit and 0.4  percent growth in total assets .   The report titled...

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