Business & Money | Monday 23 March, 2015 5:59 pm

Precious metals enjoy boost from dovish FOMC

Head of Commodity Strategy at Saxo Bank Ole Sloth HansenThe Federal Open Market Committee meeting on Wednesday was the highlight of this week. A lot of attention is currently being given to the US Federal Reserve as speculation about when and by how much it will raise its official Fed Funds rates....

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Business & Money | Monday 23 March, 2015 5:54 pm

flynas aviation carrier for 10th Hail Rally

Airline increases presence in Hail with daily flights from Riyadh National Saudi carrier flynas is the designated aviation carrier for the 2015 Hail International Rally, held this year in its tenth iteration by the High Commission for Development in Hail Region.HRH Prince Saud Bin Abdulmohsen Bin...

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Business & Money | Monday 23 March, 2015 5:39 pm

Mobily Interacts with the World Day of Down Syndrome by Sending Awareness SMSs to Its Customers

Etihad Etisalat Mobily interacted with the World Day of Down syndrome by sending awareness SMSs to its subscribers in cooperation with the Down Down Syndrome Charity Association (DSCA), in a move to aware people with this syndrome, and those who suffer from it, especially children, and how to...

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Business & Money | Monday 23 March, 2015 5:10 pm

First ever NAPCO Annual Invitational dinner highlights company’s strategic roadmap to development

Expansion to cover acquisition of new equipment aimed at increasing productivity and improving efficiencies National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, successfully hosted its first Annual Invitational dinner recently at the...

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Business & Money | Monday 23 March, 2015 4:59 pm

Jadwa-led consortium acquires majority stake in Saudi Mechanical Industries

Jadwa Investment, a leading Saudi Arabian private equity house and investment bank, today announced the acquisition of a majority stake in Saudi Mechanical Industries (SMI) by the Jadwa Mechanical Opportunities Fund along with Arab Petroleum Investments Corporation (APICORP). Headquartered in...

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Business & Money | Monday 23 March, 2015 3:58 pm

Annual General Meeting of Al Baraka Banking Group approves US$ 54.7 million in Cash Dividend and Bonus Shares

- Al Baraka Banking Group B.S.C held its Ordinary and Extra-ordinary General Meetings on 23rd March 2015 in Manama, the capital of the Kingdom of Bahrain. The Group's shareholders reviewed in relation to the financial year ended 31 December 2014 the report of the Board of Directors on the...

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Business & Money | Monday 23 March, 2015 12:36 pm

GCC Plastics & Polymers Industry offers new business opportunities

The Downstream oil industry within the Middle East region is developing at a rapid pace as new technologies emerge and new global markets open up. With Saudi Arabia and UAE having the largest number of plastic converter companies, there is immense potential in new product development and...

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Business & Money | Monday 23 March, 2015 12:10 am

Dr. Ali Al-Mulla appointed as Assistant Secretary General for Industrial Projects Sector at GOIC

The Gulf Organization for Industrial Consulting (GOIC) announced the appointment of His Excellency Dr. Ali Hamed Al-Mulla as Assistant Secretary General for Industrial Projects Sector representing the State of Qatar to replace former Assistant Secretary General Mr. Mohammed Al-Mazroui. Before...

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Business & Money | Monday 23 March, 2015 12:08 am

Panel discussion at the Capital Club analyses vital connections between digital financing platforms and small businesses in the region

Peer-to-peer financing gaining momentum in the UAE economyAs the economy continues to gain momentum in the UAE, small and medium-sized enterprises (SME’s) have managed to account for 95% of all businesses in Dubai. And peer-to-peer financing, which is the practice of connecting individual...

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Business & Money | Monday 23 March, 2015 12:04 am

Traders in Jeddah and Riyadh learn new Investment Strategies

ADS Securities, the largest FX, CFD and precious metals brokerage in the GCC was impressed by the enthusiasm and knowledge of traders in Jeddah and Riyadh. Over 50 traders attended events hosted by the well-known regional analyst, Noureldeen Al Hammoury, who offered his thoughts and advice on the ...

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