Business & Money | Sunday 19 April, 2015 3:19 pm

New Zealand Prime Minister to lead trade mission to the Kingdom of Saudi Arabia

New Zealand Prime Minister Rt Hon John Key will lead a business delegation to the Kingdom of Saudi Arabia on 28 April.“The visit is an opportunity to strengthen and grow trade and business links between the Kingdom of Saudi Arabia and New Zealand. A key priority for me will be talking to key...

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Business & Money | Sunday 19 April, 2015 1:40 pm

Oman Insurance Company Wins Best Business Insurance Product Award

At a ceremony held in Dubai, Oman Insurance Company (OIC) was awarded Banker Middle East UAE Product Awards 2015 in the Best Business Insurance Product category, for its innovative ‘OIC Advantage’ corporate staff scheme.The award, organized by CPI Financial, is established as the most...

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Business & Money | Sunday 19 April, 2015 7:52 am

Finance minister upbeat on KSA economy despite oil volatility

Saudi Arabia is capable of facing the current volatility in oil prices, said Finance Minister Ibrahim Al-Assaf. He made these remarks at the International Monetary and Financial Committee of the International Monetary Fund.The minister was leading the Kingdom delegation to the spring meetings of...

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Business & Money | Sunday 19 April, 2015 6:51 am

Saudi woman sets up marketing firm

Noura Balsharaf started out small at the Balsharaf Group with newly qualified graduates to manage research and marketing, but has now set up her own independent company called Golden Research.The company is now a member of the European Society for Opinion and Marketing Research.In the beginning,...

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Business & Money | Saturday 18 April, 2015 12:53 pm

RCJY industrial cities attract SR1 trillion investments

The volume of investments injected into Jubail, Yanbu and Ras Al-Khair industrial cities reached SR1 trillion, said Prince Saud bin Abdullah bin Thunayyan Al-Saud, president of the Royal Commission for Jubail and Yanbu (RCJY).He was addressing a forum at RCJY head office in Riyadh on investment...

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Business & Money | Saturday 18 April, 2015 12:36 pm

Barwa Bank net profit up by 41.5% in 2014

Barwa Bank’s financial results for 2014 showed strong growth across all segments, with Net Profit reaching QAR 713 million, up by 41.5% as compared to 2013. Total assets grew by 14% reaching QAR 38 billion, driven mainly by strong growth in the bank’s financing portfolio which grew from QAR...

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Business & Money | Saturday 18 April, 2015 12:30 pm

DME Oman Crude Oil settled above $60/b for first time in four months

Oman crude oil prices on the Dubai Mercantile Exchange settled above $60/b for the first time in four months, as prices continued to climb on signs of a slowdown in US shale oil production. Front-month June DME Oman futures contract settled 12:30 Dubai time at $60.22/b, up $1.94 on the previous...

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Business & Money | Friday 17 April, 2015 12:56 pm

Govt to build 25,500 more apartments

The Housing Ministry has announced that it will construct 25,500 additional housing units in various cities across the Kingdom with the aim of easing the acute housing shortage.The ministry revealed that it has now completed the marketing for all of the apartments that are part of housing project...

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Business & Money | Friday 17 April, 2015 12:54 pm

Artisans to be trained abroad

Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA) announced Thursday the start of a program in South Korea for the training of Saudi male and female artisans to revive and develop the accuracy of ancient crafts. He indicated that the program will be...

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Business & Money | Friday 17 April, 2015 12:49 pm

KSA to open stock market to foreigners on June 15

Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares, the Capital Market Authority (CMA) said.Final rules covering the opening of the market will be published on May 4, the CMA added.The authority...

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