Business & Money | Tuesday 4 August, 2015 12:00 pm

GIB Capital Wins ‘Best IPO’, ‘Best Sovereign Bond’ and ‘Best Merger & Acquisition’ 2015

GIB Capital LLC, the Saudi-based investment banking arm of Gulf International Bank (GIB), was recently granted three key awards by EMEA Finance magazine for their role in key transactions in 2014. GIB Capital won the“Best IPO Deal in the Middle East” award for acting as Co-Financial...

More Details

Environment & Energy | Tuesday 4 August, 2015 6:18 am

Solar powered palm trees boost Dubai's smart plans

Solar panel powered-palm tree inspired Wi-Fi stations have become the latest addition to the smart city technology of Dubai.   Umm Suqeim Beach and Za’abeel Park are the first two locations for the Smart Palms which provide free wireless internet access. They also give information...

More Details

Tourism & Hospitality | Tuesday 4 August, 2015 6:15 am

SR100,000 limit for health insurance for visitors: Official

Health insurance cover for visitors to the Kingdom has been fixed at a maximum of SR100,000 and they will all come under the purview of the Saudi health insurance companies and those licensed to carry out electronic sales.    Muhammad Bin Sulaiman Al-Hussein, secretary general of...

More Details

Business & Money | Tuesday 4 August, 2015 6:05 am

King honors Panda Retail Company for role in Khair Makkah project

Custodian of Two Holy Mosques King Salman has recently honored Panda Retail Company for its active contribution in setting up Khair Makkah welfare investment project, the proceeds of which will go to Disabled Children's Association. Prince Sultan bin Salman, chairman of the board of directors...

More Details

Business & Money | Monday 3 August, 2015 12:24 pm

SFC Announce the appointment of Waleed Fatani as Chief Executive Officer

Saudi Fransi Capital has appointed Mr. Waleed Fatani as a Chief Executive Officer. In this regard, Chairman of the board Mr. AbdulAziz Al-Rashid commented “The appointment of Mr. Fatani is a distinctive addition that complement our growth strategy, where many achievements were...

More Details

Business & Money | Monday 3 August, 2015 12:10 pm

JOTUN SENDS 10 LUCKY PRIZE WINNERS ON ALL-EXPENSE PAID TRIPS TO TURKEY

Jotun, the Kingdom’s No.1 in paint manufacturing, has brought to an end a two-month campaign promoting its premier exterior paint, Jotashield. The campaign culminated with a drawing to award 10 lucky winners all-expense paid trips to Turkey. “Jotun has reached the top market position ...

More Details

Business & Money | Monday 3 August, 2015 5:51 am

1,263 poll centers allocated for third municipal elections

The general elections committee has approved 1,236 poll centers in 284 municipalities and secretariats across the Kingdom, as the first phase of the third municipal elections that will be launched on Aug. 22. Additionally, 250 spare centers will be opened if the need arises and if the approved...

More Details

Tourism & Hospitality | Monday 3 August, 2015 4:49 am

1.7 million jobs in tourism by 2020

A report of the Saudi Commission for Tourism and National Heritage predicts the rate of growth in job opportunities in the country's tourism sector between 2010 and 2020 will be 10 percent a year as compared to a global growth rate of 2.5 percent for the same period.  The report pointed...

More Details

Business & Money | Monday 3 August, 2015 3:48 am

SAMA restricts credit card cash withdrawals

Saudi Arabian Monetary Agency (SAMA) has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems. “The move by SAMA is in line with global best practice that is mindful of consumers and their protection,” commented...

More Details

Environment & Energy | Sunday 2 August, 2015 11:27 am

NWC launches SAR 162 million water network in Taif to serve 14 suburbs

NWC said it has completed several water projects in Taif for the municipality that serves a number of suburbs as part of strategic plans for developing infrastructure and raising operational efficiency in the water and environment sectors according to the highest quality standards and operational...

More Details