Business & Money | Tuesday 3 May, 2016 11:40 am

Gulf Capital Acquires 100% of Multibrands to Capitalise on the Growth in Consumption in Saudi Arabia

Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today that it has acquired 100% of Multibrands Trading Co, one of largest food and beverage (F&B) distributors in the Kingdom of Saudi Arabia, with an annual turnover in excess of US$100...

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Technology & IT | Tuesday 3 May, 2016 11:15 am

Pakistan’s underbanked get evolved mobile money services from Easypaisa and Ericsson

Pakistan has an estimated population of 199 million, with approximately 60 percent of people living on under USD 2 a day and only 15 percent reported to have a bank account. To accelerate the uptake of mobile money services among the underbanked in Pakistan, Ericsson (NASDAQ: ERIC) announces...

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Tourism & Hospitality | Tuesday 3 May, 2016 11:07 am

Arabian Centres shopping malls welcomed over nine million visitors during month-long Spring Shopping Festival

Arabian Centres, the leading developer, owner and operator of international standard shopping malls in Saudi Arabia, today announced that it has attracted nine million visitors over the month long Spring Shopping Festival concluded on April 18, 2016.    The exciting shopping...

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Business & Money | Tuesday 3 May, 2016 11:01 am

Emirates NBD Saudi Arabia PMI™ PMI slips to three-month low in April

Growth of Saudi Arabia’s non-oil private sector stalled in April, with business conditions improving at the slowest pace in three months. Output continued to rise sharply, but the rate of job creation eased to near-stagnation. New business increased to the least extent in the...

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Tourism & Hospitality | Tuesday 3 May, 2016 10:57 am

Turkish Airlines brings Batmobile to travel across Istanbul’s newest Bosphorus Bridge

Turkish Airlines brought the world-famous, iconic Batmobile to Istanbul to travel cross-continental for the first time via the newest Bosphorus Bridge to celebrate the release of Warner Bros. Pictures’ highly anticipated action adventure movie Batman v Superman: Dawn of...

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Business & Money | Tuesday 3 May, 2016 9:37 am

Doha Bank brings back its hugely popular Expat Account Package with enhanced benefits

Following its huge success last year, Doha Bank has announced the launch of an all-new Expat Account Package offering customers enhanced rewards and benefits. The Expat Account Package from Doha Bank is a bundle of banking products and services tailored to the needs of expat professionals from all...

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Tourism & Hospitality | Tuesday 3 May, 2016 6:34 am

Riyadh airport’s Terminal 5 to be fully operational in June

Emir of Riyadh Prince Faisal Bin Bandar announced on Monday that Terminal 5 of King Khalid International Airport will start experimental operation this month and all phases of the terminal will be operational by the middle of Ramadan (June 20). The Emir was speaking to reporters after making an...

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Business & Money | Tuesday 3 May, 2016 5:40 am

All-women business park to create 21,000 jobs by 2025

Saudi Aramco and Princess Nourah University (PNU) in cooperation with Wipro, an Indian IT services corporation, inaugurated in Riyadh on Monday Saudi Arabia’s first all-women business and technology park (WBP), which is expected to create nearly 21,000 jobs by 2025. The park in the PNU...

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Technology & IT | Tuesday 3 May, 2016 5:14 am

The Ultra-slim Aspire S 13 Astounds with the Best Fusion of Performance, Build and Value

During Acer’s next@acer Global Press Conference in New York, the company announced the latest addition to its ultra-slim S series notebooks, the Acer Aspire S 13, a perfectly engineered thin and powerful Windows 10 notebook for design-conscious users. The angular, sleek chassis houses the...

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Business & Money | Tuesday 3 May, 2016 4:53 am

SOUQ.COM ‘MAY MOBILE MANIA’ SALE SET TO BOLSTER SMARTPHONE GROWTH THROUGH E-COMMERCE IN KSA

Souq.com the largest online retail and marketplace platform has announced its ‘May Mobile Mania’ sale in the Kingdom of Saudi Arabia, designed to capitalise on the booming smartphone usage in the region. With the KSA on track to be the first country in the world that operates as...

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