Business & Money | Wednesday 27 April, 2016 5:23 am

King Abdullah Financial District to be overhauled

The Kingdom is revising plans for the King Abdullah Financial District in Riyadh, after the project was plagued by delays and a lack of enthusiasm among potential tenants and investors. The project to build the King Abdullah Financial District began in 2006; skyscrapers were to house banks and...

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Business & Money | Tuesday 26 April, 2016 4:58 pm

Tenzin/Riaz book berth at the Xerox Corporate Golf Challenge’s Grand Final

Xerox Corporate Golf Challenge (XCGC) 2016 held its third qualifying round at Almouj Golf Club, Muscat, Oman, on Friday, April 22.     Tenzin Tsarong and Faiz Riaz, from team Tenzin/Riaz, scored 41 points to be declared the winners. William Welsh and Danny Renihan, team Toon Army...

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Business & Money | Tuesday 26 April, 2016 3:25 pm

Doha Bank wins top honor at The Asian Banker International Excellence in Retail Financial Services Awards 2016

Adding yet another accolade to its growing awards tally, Doha Bank has won the award for “Product of the Year- Mobile Banking Experience” at The International Excellence in Retail Financial Services Awards 2016 hosted by The Asian Banker. The award was presented at a ceremony held...

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Business & Money | Tuesday 26 April, 2016 11:34 am

Sidra Capital Advises On First Property Acquisition In usa Worth SAR 350 Million

Sidra Capital announced its first foray in the US real estate market with the developing funding and acquisition of a newly built office building in the prosperous Charlotte suburb of Fort Mill, South Carolina leased to a subsidiary of AmerisourceBergenCorporation (Amerisource), a Fortune 500...

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Business & Money | Tuesday 26 April, 2016 5:25 am

GULF INTERNATIONAL BANK B.S.C. RAISES SAR2 BILLION THROUGH AN OVERSUBSCRIBED BOND ISSUE

Gulf International Bank’s (GIB) latest bond issue met with strong demand as the bank on 19th April, 2016 successfully priced its senior unsecured SAR2 billion 5-year Floating Rate Notes issuance at a spread of 140 basis points above three-month SAIBOR.   The issuance was well...

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Business & Money | Tuesday 26 April, 2016 5:17 am

Gulf railway to create 80,000 jobs

The GCC Railway, which link the six member countries of the Gulf Cooperation Council by 2018, is expected to create more than 80,000 direct and indirect jobs, said Abdurrahim Naqi, secretary-general of GCC Chamber of Commerce and Industry. “This is a strategic and vital project for the...

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Business & Money | Tuesday 26 April, 2016 4:24 am

Full Text of Saudi Arabia’s Vision 2030

The Council of Ministers endorsed during its session on Monday under the chairmanship of Custodian of the Two Holy Mosques King Salman Saudi Arabia’s Vision 2030. The Cabinet session was devoted to discuss the vision, which was drafted by the Council of Economic and Development Affairs...

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Business & Money | Monday 25 April, 2016 3:04 pm

American giant “ Do It Best” Opens Its First Store in Saudi Arabia

Attken International, part of Saudi Arabia-based Albawardi Group, announced its partnership with the U.S.-based Do it Best Corp, a member-owned fully integrated hardware, lumber, and building materials cooperative in the home improvement industry, to develop the first store of its kind in Saudi...

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Business & Money | Monday 25 April, 2016 2:28 pm

OSN scores big wins in fight against TV piracy; steps up action to mark World Intellectual 
Property Day

OSN, the leading pay-TV network in the Middle East and North Africa, has scored big wins in its fight against television piracy across the region, having conducted more than 316 raids with the support of government authorities.    Marking the World Intellectual Property Day (World...

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Business & Money | Monday 25 April, 2016 12:33 pm

Alkhabeer Capital launches private equity fund targeting Saudi Arabia’s emergent education sector

Alkhabeer Capital, the asset management and investment firm based in Jeddah, Saudi Arabia, announced today the launch of Alkhabeer Education Private Equity Fund I (“The Fund”), the firsteducation-focused product in its Private Equity investment portfolio.    The Fundis a ...

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