Business & Money | Wednesday 10 May, 2017 5:16 am

Al-Rajhi properties auctioned for $172m

The value of the first auction held to sell the estate of Saudi businessman Saleh bin Abdulaziz Al-Rajhi amounted to more than SR644 million ($172 million). The auction was held Saturday evening at the InterContinental Hotel in Riyadh to sell four properties left by Al-Rajhi. The first, Toarn...

More Details

Business & Money | Wednesday 10 May, 2017 5:02 am

StarLeaf Raises $40 Million to Accelerate Worldwide Growth in Video Conferencing Market

StarLeaf, the leading cloud platform for enterprise video conferencing and calling services, raises $40 million in funding from Highland Europe, Grafton Capital and the founders, marking the first time the company has taken outside investment. StarLeaf will use the new funds to support its...

More Details

Business & Money | Tuesday 9 May, 2017 4:19 pm

Mazagan hails Emirates airline’s decision to run Airbus A380 on Morocco route

Mazagan Beach and Golf Resort, the leading tourism destination in Morocco, has welcomed Emirates airline’s announcement to run Airbus A380 aircraft on Casablanca flights, starting previous March, thus boosting the seats to 1,834 seats weekly, in three configurations.   In a...

More Details

Business & Money | Tuesday 9 May, 2017 12:51 pm

Majid Al Futtaim Breaks New Ground in Sharjah with City Centre Al Zahia

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today officially broke ground on what will be the company’s largest mall within the UAE’s third-largest emirate – City Centre Al Zahia in Sharjah. Once...

More Details

Business & Money | Tuesday 9 May, 2017 12:49 pm

LogRhythm Announces Technology Alliance Partner (TAP) Program

LogRhythm, The Security Intelligence Company, today announced the launch of its new Technology Alliance Partner (TAP) Program. The program is designed to foster interoperability to deliver a more complete security solution for customers, and build awareness around the value of robust technology...

More Details

Business & Money | Tuesday 9 May, 2017 5:30 am

Using ‘Subscriber and Artificial Intelligence’ can boost UAE and GCC operator revenues

The traditional telecoms industry is going through massive disruption. Traditional revenue streams for communication service providers (CSPs) are on a decline, while stagnant regulations threaten market nimbleness.   While the telecoms industry is facing increasing pressure on...

More Details

Business & Money | Tuesday 9 May, 2017 4:33 am

DAMAC Properties Fosters Entrepreneurial Talent

DAMAC Properties, one of the region’s largest luxury real estate developers, has recently organised a field trip for 50 master’s students from the Kingston University London who were in Dubai on an educational visit. The initiative comes as part of DAMAC’s on-going collaboration...

More Details

Business & Money | Tuesday 9 May, 2017 4:20 am

SHAH RUKH KHAN BACK IN DUBAI TO SHOOT SEQUEL TO AWARD-WINNING #BEMYGUEST FILM

Bollywood icon Shah Rukh Khan arrived in Dubai on 6 May to shoot the sequel to the award-winning #BeMyGuest film with the second phase of the promotional campaign film to be done in collaboration with well-known Indian film director Kabir Khan.   With millions of fans around the world...

More Details

Business & Money | Monday 8 May, 2017 9:01 am

Saudi Entertainment sector helps boost economy, social cohesion: Report

he entertainment sector supported by the General Authority for Entertainment (GAE) generates SR2.02 for every riyal spent on the organization of an event, according to a report by the GAE. Some 106 events organized in 21 Saudi cities in a period of less than one year were responsible for millions...

More Details

Business & Money | Monday 8 May, 2017 6:30 am

Visa hosts first Saudi Payment Forum in Riyadh

Global payments technology company, Visa (NYSE:V), held its first-ever Saudi Payment Forum in Riyadh this week, bringing together more than 50 of its clients and partners to hear from a lineup of industry experts. The theme of the daylong event was “Understanding the impact of changing...

More Details