Business & Money | Tuesday 22 December, 2015 2:15 pm

MASROUJI ACHIEVES YET ANOTHER SUCCESSFUL TWO QUARTERS

Masrouji Group – One of the prized distributers of reputed professional hair care brands across the Middle East have had a successful two quarter’s in the Mena region following their outstanding performance in the GCC region. The company has made further plans to expand, with the hopes...

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Business & Money | Tuesday 22 December, 2015 7:46 am

Pasquale Natuzzi receives the Italian Talent Award 2015

Pasquale Natuzzi, Chairman and CEO of Natuzzi Group, one of the world’s most highly sought after furniture brands among consumers of luxury goods, received the prominent Italian Talent Award 2015 for representing “Made in Italy” around world.   The committee selected...

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Business & Money | Tuesday 22 December, 2015 4:55 am

Brent crude oil skids to lowest since 2004

Brent crude prices fell to their lowest in more than 11 years on Monday, hounded by a relentless rise in global supply that looks set to outpace demand again next year. Oil production is running close to record highs and, with fresh barrels poised to enter the market from the likes of Iran, the...

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Business & Money | Tuesday 22 December, 2015 3:19 am

King Abdullah II Inaugurates the First and Largest Utility Scale Wind Power Plant in the Kingdom

The first and largest utility scale wind power plant in Jordan and the Middle East, The Tafila Wind Farm, was inaugurated on Thursday under the patronage of His Majesty King Abdullah II. The 117-megawatt wind farm is directly connected to the national grid and will produce...

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Business & Money | Monday 21 December, 2015 5:56 am

Carrier Expands in Saudi Arabia’s Southern Region with New Office Opening in Khamis Mushait

Carrier, the world’s leader in high-technology heating, air-conditioning and refrigeration solutions, announced the opening of a new office in Khamis Mushait, Kingdom of Saudi Arabia. The new office is dedicated to serving the rapidly growing heating, ventilating and air conditioning (HVAC)...

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Business & Money | Monday 21 December, 2015 5:25 am

Emir inspects work at Haramain stations

Prince Khaled Al-Faisal, Emir of Makkah region and Adviser to Custodian of the Two Holy Mosques, said on Sunday that the Haramain Railway will address the problem of unplanned neighborhoods in the holy city. “The railway project is instrumental in accelerating the governorate’s plan...

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Business & Money | Monday 21 December, 2015 4:08 am

Jeddah International Trade Fair to begin on Tuesday

Jeddah is all set to host the 27th edition of the Jeddah International Trade Fair 2015, in which 150 firms from Saudi Arabia and abroad are participating. The fair will be inaugurated on Tuesday and ends Friday. The Fair, to be organized by Al Harithy Company for Exhibitions (ACE) under the...

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Business & Money | Monday 21 December, 2015 3:14 am

Barclays named ‘Best Foreign Investment Bank’ in the Middle East

Barclays has been awarded ‘Best Foreign Investment Bank’ in the Middle East by EMEA Finance at the Middle East Banking Awards. The award recognises Barclays’ leading position as a top player in Mergers and Acquisitions (M&A), Equity Capital Markets (ECM) and Debt Capital...

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Business & Money | Monday 21 December, 2015 2:24 am

Budget 2016 to focus on new sources of revenues

The government is expected to announce a drive to raise revenue from new sources as it lays out a strategy for the new year to cope with an era of cheap oil, according to economists. ADVERTISING 4 The state budget for 2016 is expected to be released this week, sources have said. Fahad...

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Business & Money | Sunday 20 December, 2015 5:41 pm

Intercoil International unveils “The Bedroom by Intercoil”

Intercoil International, the region’s leading manufacturer, retailer and distributor of premium beds, bedding and bedroom furniture, is welcoming customers to The Bedroom by Intercoil, the new retail concept currently being introduced across its retail outlets in the Middle East. ...

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