Business & Money | Wednesday 20 January, 2016 11:19 am

Henkel appoints Hans Van Bylen 
to succeed Kasper Rorsted as CEO

Henkel has announced today that CEO Kasper Rorsted, who has decided not to renew his current contract beyond 2017, will leave the company at his own request as of April 30, 2016. He served on the Henkel Management Board for 11 years, thereof 8 years as CEO. Effective May 1, 2016, Hans Van Bylen has ...

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Business & Money | Wednesday 20 January, 2016 5:56 am

Saudi Plastics & Petrochemical, Printing & Packaging Exhibition attracts industry decision-makers

THE thirteenth edition of the Saudi Exhibition for Plastics and Petrochemicals, Printing and Packaging was launched at the Riyadh International Exhibition Centre on Monday, gathering local and regional leading companies, decision-makers and governmental figures, thus constituting the largest...

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Business & Money | Wednesday 20 January, 2016 4:52 am

Expat workers welcome new labor e-services

Expatriates are happy with the recent launch of a number of worker-friendly services, which include an online labor legal consultation service and the easing of sponsorship transfer in case of salary delay for more than three months. Several workers, who were denied basic rights such as work...

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Business & Money | Wednesday 20 January, 2016 3:33 am

SteelFab – a reflection of the up-gradation of the Middle East industry

Given the low oil prices and the impact it could have on the manufacturing sector, upgrading and adopting innovative technology is the only way ahead for the region’s steel fabrication and metal working industry to sustain its growth, according to industry experts.   Assisting...

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Business & Money | Tuesday 19 January, 2016 1:53 pm

First ever “Global Exhibitions Day” to highlight the exhibition industry’s benefits for the economy

Exhibition organisers, venues, associations, and service providers from countries all around the world are uniting behind a global initiative to stage the first ever “Global Exhibitions Day” on 8 June 2016. Driven by Paris based UFI – The Global Association of the Exhibition...

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Business & Money | Tuesday 19 January, 2016 1:37 pm

Vertical Transportation Meeting The Rising Heights of Skyscrapers

With Dubai home to 18 of the 100 supertall structures in the world, the construction sector in the Middle East region has flourished tremendously. According to a GCC construction report released a few months back, UAE accounts for the largest value of projects worth $525.6bn, followed by Saudi...

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Business & Money | Tuesday 19 January, 2016 1:11 pm

Challenging economic climate across GCC may present opportunities for Bahrain’s real estate sector

As GCC markets are forecasted to face prolonged economic challenges over the coming months, Bahrain looks set to be cushioned from the blow by continued infrastructure investment from the GCC aid fund, according to  the global property consulting firm CBRE as part of its Q4 2015 Bahrain...

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Business & Money | Tuesday 19 January, 2016 12:58 pm

GACA to participate in 2016 Bahrain International Air Show

The Saudi General Authority of Civil Aviation will be participating in the fourth iteration of the Bahrain International Airshow for 2016, the Authority said in a statement. Sulaiman Al-Hamdan, the Authority’s President, will head its delegation to the three-day airshow, scheduled to be...

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Business & Money | Tuesday 19 January, 2016 12:56 pm

Saudi Arabia working to create a strong and diverse economy, say experts

The Saudi government’s policies to counteract the continuing decline in oil prices will contribute to a diversification of the economy, according to economists. They said the Saudi economy is on the verge of significantly increasing its efficiency and competitiveness. One of the sessions ...

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Business & Money | Tuesday 19 January, 2016 10:51 am

Apollo Global Exits Ahuja Constructions' Super Luxury Mumbai Residential Project at 69.35 Million USD

NYSE-listed global private equity fund Apollo Global Management has made an exit from super-luxury residential project Ahuja Towers of Mumbai-based Indian real estate company Ahuja Constructions' at approximately 69.35 Million USD (conversion rate as on date of exit: Rs 460...

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