Business & Money | Wednesday 26 August, 2015 7:59 am

Pacific Controls Acquires Equity in WSO2 Positioning itself as a Global Leader in Delivering Managed Cloud Services

Pacific Control Systems (PCS), the world leader in Internet of Things (IoT) and machine-to-machine (M2M) solutions, announced that it has invested $20 million into WSO2, an open source cloud application development and middleware company. Further to this investment, Mr. Dilip Rahulan, Executive...

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Business & Money | Wednesday 26 August, 2015 7:46 am

PIAGET CELEBRATES POLO AT THE FOURTH ANNUAL PIAGET HAMPTONS CUP

Piaget returned to the Equuleus Polo Club for the fourth consecutive year as the presenting sponsor of the Piaget Hamptons Cup. Partnering with polo superstar Nacho Figueras and polo enthusiasts Joe and Diana DiMenna, the Maison hosted an exhibition match benefiting Robin Hood, one of New York...

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Business & Money | Wednesday 26 August, 2015 7:28 am

MICHELIN Pilot Sport Experience 2015 welcomes Middle East and Africa participants

Michelin, the world's tyre technology leader, hosted a thrilling yet professional car racing experience for brand loyalists across Middle East and Africa for the very first time, at the MICHELIN Pilot Sport Experience in Kuala Lumpur, Malaysia. Held at the prestigious Sepang...

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Business & Money | Wednesday 26 August, 2015 7:19 am

China cuts rates, reserve ratio after stocks plummet again

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. The moves came after Chinese stocks...

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Business & Money | Wednesday 26 August, 2015 7:15 am

TASI surges; dollar peg ‘serves economy well’

The Saudi riyal will remain pegged to the US dollar as it has served the economy well, said the Saudi Arabian Monetary Agency (SAMA) on Tuesday. “The Kingdom is committed to keeping the riyal pegged to the dollar,” Ahmed Abdulkarim Alkholifey, deputy governor for research and...

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Business & Money | Wednesday 26 August, 2015 7:14 am

Forum highlights ills of drug addiction

The National Committee for Combating Drugs has launched an introductory forum on Monday, showcasing its projects and programs in Jeddah. The forum was organized in cooperation with the General Directorate of Narcotics Control (GDNC) and conducted under the auspices of Makkah Gov. Prince Khaled...

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Business & Money | Wednesday 26 August, 2015 2:23 am

Highway gas stations revamp intensifies

There has been a flurry of activity on the country’s highways as service companies race to meet the Jan. 19 deadline for the revamp of dilapidated gas stations.  The Ministry of Municipal and Rural Affairs has previously handed out contracts of three and five years to five companies to...

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Environment & Energy | Wednesday 26 August, 2015 2:03 am

Jeddah water project phase-II to be over by mid-2016

Jeddah’s water shortage woes will be considerably over by the middle of next year, as the second phase of the project with a capacity of one million cubic meters (MCM) is nearing completion.  “The second stage of the strategic project, worth over SR375 million, is already...

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Business & Money | Wednesday 26 August, 2015 1:50 am

Visa Checkout Expands Global Availability with New Merchants and Issuers

Visa Inc. (NYSE:V) today announced continued global success of Visa Checkout, the online check out service that allows shoppers to pay with their cards online and on any device, with just a few clicks. In recent months, no less than thirty-three new merchants, ranging from Best Buy and Under...

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Technology & IT | Wednesday 26 August, 2015 12:54 am

ASUS Announces World of Warships Exclusive Partnership

Exclusive World of Warships camouflaged warships, free doubloons and premium accounts all up for grabs with purchases of qualifying ASUS gaming gear Qualifying products include ASUS motherboards, graphics cards, monitors, sound cards, selected ROG desktops and laptops, plus many...

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