Business & Money | Thursday 14 April, 2016 3:01 am

Arabian Automobiles Company Promotes Passenger & Vehicle Safety

Arabian Automobiles Company, the flagship automotive division of AW Rostamani Group and exclusive dealer for Nissan and Infiniti in Dubai and the Northern Emirates, launched an exclusive Service campaign for its customers highlighting the importance of vehicle maintenance and its impact on...

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Business & Money | Wednesday 13 April, 2016 4:52 pm

Impact of Production Freezes on Oil Markets Questionable

According to a report, year-to-date Brent oil prices are are down by 37 percent year-on-year, reflecting a continued glut in the oil market. The report, released by Jadwa Investment, states: “In March 2016 Brent oil rose by 19 percent month-on-month,  following talks of a potential...

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Business & Money | Wednesday 13 April, 2016 4:31 pm

Deloitte: Digital transformation key to organizations’ survival

The digital age is moving at a fast pace that it is fundamentally transforming the way organizations operate, be it in the private or the public sector, according to Deloitte’s latest report entitled “The changing role of people management in the digital age.” This trend is...

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Business & Money | Wednesday 13 April, 2016 4:29 pm

Nexthink Raises $40 Million Gearing up for IPO

Nexthink®, the unique provider of End-user IT Analytics, today announced it has raised $40 million in new investment, led by Highland Europe, a leading global venture capital firm. This is the largest round of funding to date for Nexthink and includes participation from the Bertarelli...

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Business & Money | Wednesday 13 April, 2016 2:18 pm

casio launching a series of innovative models at Baselworld 2016

A 20th anniversary model to commemorate the origi- nal launch of the flagship MR-G series in the G-SHOCK line, the new MRG-G1000HT explores the theme of tsuiki1, a traditional Japanese metalworking technique. Casio designed the watch in collaboration with a third- generation master artisan in the...

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Business & Money | Wednesday 13 April, 2016 1:51 pm

Steelcase Reports Fourth Quarter and Fiscal 2016 Results

Steelcase Inc. (NYSE: SCS) reported fourth quarter revenue of $747.9 million and net income of $77.5 million, or diluted earnings per share of $0.62. Excluding restructuring costs, adjusted earnings were $0.64 per share.  During the fourth quarter, the company reversed its valuation allowance...

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Business & Money | Wednesday 13 April, 2016 1:36 pm

KAEC Industrial Valley Witnesses First Factory for Assembling Firefighting Apparatus in Arab World

The Economic Cities Authority (ECA) participated in the opening of the new Rosenbauer Saudi Arabia factory, the first manufacturing facility specializing in assembling firefighting apparatus in the Arab world. The factory was built in the Industrial Valley in King Abdullah Economic...

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Business & Money | Wednesday 13 April, 2016 1:18 pm

Alkhabeer Capital Appoints Ahmed Ghouth as CEO

 Alkhabeer Capital, the premier asset management and investment firm based in Jeddah, Saudi Arabia, today announced the appointment of Ahmed Ghouth as Chief Executive Officer. Ammar Shata, founder of Alkhabeer Capital, will remain in his role as Executive Director of the...

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Business & Money | Wednesday 13 April, 2016 1:15 pm

Businesses in KSA Need an Integrated Approach to The Threat Defense Lifecycle

Attackers today use multiple techniques to penetrate an organizations’ infrastructure and compromise their vital data assets or systems. This problem has only been exasperated with the proliferation of the cloud and IoT and today’s targeted multiphase attacks consist of a series of...

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Business & Money | Wednesday 13 April, 2016 1:09 pm

Waseela Successfully Completes Milestone Five-Year WiMAX/LTE Network Managed Services Project in Saudi Arabia

Waseela, the regional Information and Communication Technology (ICT) company specializing in turnkey system integration and managed services, successfully completed the delivery of a WiMAX/LTE Network Managed Services project for Samsung in Saudi Arabia.  The project for Samsung which began ...

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