Business & Money | Wednesday 9 September, 2015 11:31 am

MIDDLE EAST OUTBOUND INVESTMENT REACHES AN HISTORIC HIGH IN H1 2015

During the first half of 2015, US$11.5 billion of capital flowed out of the Middle East into direct real estate globally, according to the latest research from global property advisor CBRE Group, Inc. Total Middle East outbound investment during 2014 stood at US$13.8...

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Business & Money | Wednesday 9 September, 2015 11:30 am

King Abdullah Port and NYK Group sign Joint Venture for operating Ro-Ro terminal

In a step to better serve the growing number of investors in the automotive sector in the Industrial Valley of King Abdullah Economic City (KAEC), the Ports Development Company (PDC), owner and developer of King Abdullah Port, has signed a joint venture agreement with Nippon Yusen Kaisha (NYK), the ...

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Business & Money | Wednesday 9 September, 2015 11:23 am

MAG Luxury Projects and International Development to Take Centre Stage at Cityscape

MAG Property Development (MAG PD) will be using its participation at Cityscape Global to highlight the AED 5 billion worth of projects it currently has underway. The real estate construction arm of MAG Group – one of the region’s largest multi-sector corporations – will be...

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Technology & IT | Wednesday 9 September, 2015 11:19 am

Hitachi Data Systems GITEX grows in the Internet of Things

Hitachi Data Systems Corporation (HDS), a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today announced its participation at the Middle East’s GITEX Technology Week taking place from October 18-22, 2015.   During the event, Hitachi will discuss its rapidly expanding...

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Cars & Autos | Wednesday 9 September, 2015 11:10 am

All-new Audi Q7 SUV: Large and nimble

Saudi amateurs of luxury SUVs finally get their special rendezvous opportunities with the all-new Audi Q7, following the presentation of its new generation to the Saudi press in Jeddah on the 6th and 7th of September at The Rock Jeddah.   Invited from all over the kingdom to test drive...

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Cars & Autos | Wednesday 9 September, 2015 9:44 am

MAN Truck & Bus recommends combination of both technological & behavioral measures to improve road safety

Senior officials from MAN Truck & Bus shared insights and best practices on enhancing road safety in Qatar and the wider region with attendees at the 4th Annual Middle East ITS & Road Safety Forum which is taking place starting today September 8 till September 9th at the St. Regis Hotel,...

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Business & Money | Wednesday 9 September, 2015 5:17 am

Transport Ministry OKs 15 projects worth SR1.3bn

 In what is seen as major leap forward in infrastructural development, Transport Minister Abdullah Al-Muqbil has signed 15 new agreements for various ministry projects worth SR1.326 billion with a number of local companies for implementation, maintenance, buildings and consultancy in various...

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Business & Money | Wednesday 9 September, 2015 4:50 am

Daimler and Renault-Nissan Alliance Break Ground for New Joint-Venture Plant in Mexico

Daimler and the Renault-Nissan Alliance today broke ground for their joint-venture manufacturing complex, COMPAS (Cooperation Manufacturing Plant Aguascalientes), in Aguascalientes in central Mexico, which will build next-generation premium compact vehicles for the brands Mercedes-Benz and...

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Business & Money | Wednesday 9 September, 2015 4:33 am

Bupa Arabia and NCB Launch Insurance Program for Public Sector Employees

In combined efforts from the private sector to support the community in their needs, Bupa Arabia, the number one insurance provider in the Kingdom of Saudi Arabia, launched today with National Commercial Bank an insurance financing programme for public sector employees (citizens and military...

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Business & Money | Wednesday 9 September, 2015 4:15 am

Public-Private Partnerships Needed to Boost Employment for Saudi Youth

The Kingdom of Saudi Arabia’s education, public, and private sectors must partner on developing technology skills to help boost youth employment, announced SAP, one of the world’s leading technology companies.   Government initiatives are having a major impact in supporting...

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