Business & Money | Monday 22 June, 2015 1:21 pm

ECOWAS and Penspen Sign Contract for a Feasibility Study for the Extension of the Gas Pipeline Network in West Africa

The Economic Community of West African States (ECOWAS) and international energy services company Penspen announced the completion of contract signing in February 2015 to enable a formal start to the Feasibility Study examining the current West African Gas Pipeline (WAGP) system performance and its...

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Business & Money | Monday 22 June, 2015 1:08 pm

Deloitte: New commercial aircrafts sales driven by increased travel in the Middle East

Global aerospace and defense companies added US$12.7 billion in revenues in 2014 according to a Deloitte study of the top 100 global aerospace and defense companies. Although revenues in the commercial aerospace subsector increased by US$23.7 billion in 2014, the strong growth was partly offset by...

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Business & Money | Monday 22 June, 2015 12:49 pm

Tadawul stocks correcting due to ‘seasonality reasons’

Saudi Arabia's Tadawul All-Share Index (TASI) plunged 1.7 percent to 9,344.11 points in thin trade, dropping below its 200-day average, now at 9,433.“Due to drop in oil prices, the market trend is downward, perhaps the only qualified institution (HSBC) is waiting for bottom line prices in the...

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Business & Money | Monday 22 June, 2015 5:33 am

Al Bassami International Business Group Augments its fleet with MAN Trucks

Al Bassami International Business Group added 300 more MAN trucks to support growth in its vehicle and equipment transport business in Saudi Arabia. Top Management from Haji Husein Alireza and Co. Ltd, the sole distributors of MAN Trucks and Buses in Saudi Arabia, visited Al Bassami headquarters in ...

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Business & Money | Monday 22 June, 2015 5:03 am

Bayt.com Embraces the Arabic Web with Launch of بيت.شبكة (Bayt dot shabaka)

Bayt.com, the largest career platform in the Middle East and North Africa, today announced the launch of a new web presence for the company under شبكة. as part of its efforts to expand its reach with Arabic speaking customers online. Bayt.com’s new domain name – بيت.شبكة –...

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Business & Money | Monday 22 June, 2015 4:46 am

Schneider Electric Channel Partners Share Compelling Business Insights

Schneider Electric, a global leader in energy management, flew its IT distributors to Budapest for the MEA Distributors Conference 2015 in recognition of their contribution to the IT business unit’s regional growth and success stories between 2014-2015. This year’s conference was built around...

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Business & Money | Monday 22 June, 2015 4:26 am

Renault Reveals latest Models to Fleet Customers in KSA

In an effort to reinforce ties and strengthen partnerships with fleet customers, Renault, the number 1 European brand in Saudi Arabia recently organized three product showcase events in its showrooms in Riyadh, Jeddah & Khobar under the banner of ‘Renault Carnival’. The gala dinners focused on ...

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Business & Money | Monday 22 June, 2015 3:18 am

Ketchum Raad Middle East Hires Ashraf Shakah as Managing Director

Ketchum Raad Middle East, a full-service communications firm in the Middle East and North Africa, has appointed Ashraf Shakah managing director, based in Dubai. Shakah joins Ketchum from BPG | Cohn & Wolfe, where he served as a business director. Prior to that, he held leadership roles at ASDA’A...

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Business & Money | Sunday 21 June, 2015 4:05 pm

SADARA CLASSIFIED AS “STRATEGIC” BY SAGIA

Sadara Chemical Company (Sadara) has been classified as “Strategic” by the Saudi Arabian General Investment Authority (SAGIA), the governmental entity established to oversee investment affairs in the Kingdom of Saudi Arabia. This puts Sadara in the highest classification category achievable...

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Business & Money | Sunday 21 June, 2015 11:36 am

AIR SEYCHELLES NAMED ‘INDIAN OCEAN’S LEADING AIRLINE’ AT WORLD TRAVEL AWARDS

Air Seychelles, the national airline of the Republic of Seychelles, has been recognised with three highly-prized accolades at this year’s World Travel Awards (WTA), including the title of ‘Indian Ocean’s Leading Airline’, at a prestigious event in Seychelles.For the second consecutive year, ...

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