22 Jumada I 1446 - 23 November 2024
    
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Eye of Riyadh

SR1.6 billion titanium sponge factory on way
Business & Money | Friday 1 May, 2015 11:43 am
The Royal Commission in Yanbu (RCY) has signed a lease for an industrial land to establish a factory for titanium sponge production with an estimated cost of SR1.6 billion.The contract was signed by Alaa bin Abdullah Nassif, CEO of the Royal Commission in Yanbu, with the Advanced Metal Industries...
SAMA ‘will welcome insurance mergers’
Business & Money | Friday 1 May, 2015 11:41 am
Saudi Arabian Monetary Agency (SAMA) would welcome mergers among local insurance companies as long as they were positive for all parties, said Governor Fahad Al-Mubarak.A number of Saudi insurance firms have been loss-making for years because of severe competition in the market, where large...
IKEA Saudi Arabia Launches Limited Art Collection from Around the World
Business & Money | Thursday 30 April, 2015 12:19 am
Ghassan Ahmed Al Sulaiman Furniture Trading Co. Ltd., IKEA Saudi Arabia, the leading home furnishings company in the region, has launched an exclusive Art Event in each of its three stores around the Kingdom, in Jeddah, Riyadh and Dhahran, displaying and selling a limited collection of artwork that ...
Delta International unveils high profile Dubai scheme to global investors
Business & Money | Thursday 30 April, 2015 12:18 am
- Delta International Real Estate showcases exclusive Dubai investment offer in London, Moscow and BeijingDelta International Real Estate, one of the Gulf’s leading property portfolio management agencies, showcased its high profile projects in London, Moscow and Beijing this month, in response to ...
New Zealand Prime Minister launches education competition
Business & Money | Wednesday 29 April, 2015 2:42 pm
New Zealand Prime Minister Rt Hon John Key has launched an online social media competition, offering Saudi students an opportunity to study in New Zealand.The #whynewzealand competition gives Saudi students a chance to win one of eight full academic scholarships to study in New Zealand for up to...
JIB posts US$ 16.08 million in profits after tax For the first quarter of 2015
Business & Money | Wednesday 29 April, 2015 10:05 am
- Jordan Islamic Bank (JIB) achieved net profits after tax for the first quarter of 2015 that amounted to about US$ 16.08 million compared to about US$ 14.67 million for the first quarter of 2014 with a growth of about 9% , whereas profits before tax for the 1st quarter of 2015 reached about...
3M Announces First-Quarter Results
Business & Money | Wednesday 29 April, 2015 1:19 am
Company Posts Sales of $7.6 Billion and Earnings of $1.85 per ShareFirst-Quarter Highlights:• Organic local-currency sales growth of 3.3 percent• Positive organic local-currency growth in all business groups and geographic areas• Operating income margins of 22.8 percent, up 0.9 percentage...
JOTUN PARTICIPATES AT THE JEDDAH JOB FAIR
Business & Money | Tuesday 28 April, 2015 3:20 pm
Jotun, the Kingdom’s Number One paint manufacturer, established a major presence as a Silver sponsor at the recent job fair held at the Jeddah Hilton on March 25-27, joining a number of successful companies aiming to increase the percentage of Saudi employees on their payrolls.One of the...
Ooredoo and Paris Saint-Germain Extend Football Training Programme
Business & Money | Tuesday 28 April, 2015 3:17 pm
Ooredoo and Paris Saint-Germain continue to expand their football coaching programme for young people across the MENA region, with the latest “Paris Saint-Germain Academy brought to you by Ooredoo” taking place in Algeria last weekend. Since the launch in 2014, Ooredoo and Paris Saint-Germain...
Saudi high oil output based on demand
Business & Money | Tuesday 28 April, 2015 7:16 am
Saudi Arabia's high crude oil production policy is based on the status of global demand and the top oil exporter is keen to maintain its market share, the Kingdom's deputy minister of petroleum and mineral resources said on Monday.Speaking to reporters in Saudi Arabia, Prince Abdul Aziz bin Salman ...
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