Business & Money | Saturday 11 June, 2016 7:31 am

Saudi Aramco, GE to install first wind turbine in Saudi Arabia

Saudi Aramco and GE are partnering to install Saudi Arabia’s first Wind Turbine at the Turaif Bulk Plant, located in the north-west of the Kingdom. The initiative is in line with Saudi Vision 2030 as endorsed by the Saudi Cabinet that has set an initial target of generating 9.5 gigawatts...

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Business & Money | Saturday 11 June, 2016 5:19 am

KSA to sign deals with key US firms

Deputy Crown Prince Mohammed bin Salman will travel to the United States within the next few days to sign several agreements with American companies. This is according to Minister of Commerce and Investment Majid Al-Qassabi, who was speaking on Friday at another round of press conferences held ...

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Business & Money | Saturday 11 June, 2016 3:28 am

Saudi Fransi Capital announces that 125.98% of the shares offered to the retail tranche was covered by the end of the fourth day

Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and sole underwriter for L’azurde Company for Jewelry (“L’azurde”) states that the number of retail investors amounted to 191.56 thousand by the end of the fourth day. Amount subscribed reached to SAR...

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Business & Money | Saturday 11 June, 2016 2:49 am

Art of Living by Aston Martin: Beyond Beautiful Cars

British luxury brand introduces Art of Living by Aston Martin, an opportunity to experience the company’s legendary reputation for cutting-edge technology, iconic design and exceptional craftsmanship across a portfolio of the finest artisan products and truly bespoke experiences. Since its ...

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Business & Money | Friday 10 June, 2016 5:18 am

52% of Saudis to own a house under NTP

Minister of Housing Majed Al-Hoqail said that the main goal of his ministry under the National Transformation Program 2020 (NTP) is to enable at least 52 percent of Saudis possess a house of their own. The ministry will implement 21 initiatives costing a total of more than SR59 billion, he said in...

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Business & Money | Friday 10 June, 2016 4:17 am

Arabian Centres extends business hours of shopping malls during Ramadan

Arabian Centres, the largest developer, owner and operator of shopping malls in Saudi Arabia, announced today the extension of business hours of its shopping centres in the kingdom. Arabian Centres, which has in its portfolio 18 shopping centres including, Mall of Arabia and Salam Mall in Jeddah,...

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Business & Money | Thursday 9 June, 2016 4:52 pm

1Gbps Fibre Speeds Now Available in Qatar with Ooredoo!

Ooredoo today launched its new 1Gbps Fibre plan, the fastest fibre service available in Qatar, as the company continues to upgrade its nationwide Ooredoo Supernet.  Thanks to Ooredoo launching 1Gbps Fibre, Qatar has become one of only 10 countries in the world able to provide this...

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Business & Money | Thursday 9 June, 2016 4:40 pm

2XL enhances Ramadan dining experience with the launch of new mahogany luxury dining furniture

Ramadan creates true memories of sharing and togetherness with family and friends; and 2XL, the first stop for luxury furniture and home decor in the UAE, is set to enhance this experience with its cherry finished mahogany dining collection in unique design. Inspired by the elegance of French...

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Business & Money | Thursday 9 June, 2016 4:34 pm

Formula One Management and Tata Communications invite fans to develop a virtual reality F1® experience

Tata Communications, Official Connectivity Provider to  Formula 1® and the Official Managed Connectivity Supplier of the MERCEDES AMG PETRONAS Formula One™ Team, is launching the 2016 F1® Connectivity Innovation Prize, and unveiling the first challenge of ...

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Business & Money | Thursday 9 June, 2016 4:29 pm

The Gulf Bond and Sukuk Association Launches Oman Working Group in cooperation with BankDhofar

The Gulf Bond and Sukuk Association (GBSA) in partnership with BankDhofar has launched an industry working group in the Sultanate of Oman. The launch took place at a roundtable in Grand Hyatt Muscat and was attended by senior government officials and representatives of Oman’s leading...

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