Environment & Energy | Monday 22 October, 2018 7:35 am

Sipchem tops bumper earnings from Saudi petrochemical majors

Saudi petrochemical producer Sipchem said its third-quarter profits surged by about half to SR180.3 million ($47.9 million) amid a brace of strong earnings from the sector. The company also known as Saudi International Petrochemical Co, plans to merge with Sahara Petrochemicals as a wave of...

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Business & Money | Monday 22 October, 2018 6:35 am

90% increase in issuance of investment licenses

Licenses granted to foreign and local companies investing in the Kingdom have gone up by more than 90% in third quarter of 2018 compared to the number of licenses issued during the same period last year, according to a report by the Saudi Arabian General Investment Authority (SAGIA). A total of...

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Business & Money | Monday 22 October, 2018 6:31 am

KSA to set up first special economic zone in Riyadh

Saudi Arabia announced the establishment of a special economic zone (SEZ) on Sunday, the Saudi Press Agency reported. The zone, the first of its kind in the world, will be developed in Riyadh. It will focus on integrated logistics and will enjoy special rules and regulations aiming at attracting...

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Business & Money | Monday 22 October, 2018 6:26 am

Invest in Sharjah and ITC Pave the Road for New Italian Companies in Sharjah

The Sharjah FDI Office (Invest in Sharjah), the investment promotion agency dedicated to the continued transformation and economic diversification of Sharjah, and the Italian Trade Commission (ITC) have inked a new MoU agreement expanding on bilateral investment prospects between Sharjah and Italy, ...

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Business & Money | Monday 22 October, 2018 6:17 am

Dubai Pre-Owned Boat Show Returns as UAE’s Maritime Industry Grows

Ahead of the 2018 UAE Maritime Week, the organisers of the annual Dubai Pre-Owned Boat Show have announced the return of its ninth instalment, taking place from the 8th – 10th November 2018 at the Dubai Creek Golf & Yacht Club. The Middle East is a key marketplace for super...

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Technology & IT | Monday 22 October, 2018 5:10 am

Etihad Etisalat (Mobily) Succeeded in Improving its Revenues for the Fourth Consecutive Quarter

As a result of Mobily success in decreasing its quarterly losses, net losses for the first 9 months of 2018 showed a decrease in losses by 61.5%. Net losses for the first 9 months of 2018 amounted to SAR 202.9 million versus SAR 527.2 million in the first 9m of 2017. Revenues of the first 9m in...

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Business & Money | Monday 22 October, 2018 2:13 am

More than 200 exhibitors from local, regional and foreign companies at Biznex

The organizing coalition of the 2018 Biznex conference and exhibition announced, at a press conference today, the participation of more than 200 Egyptian, Arab and foreign companies, for the first time in Egypt. Biznex is scheduled for November 8-10 at the Egyptian International Exhibition...

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Cars & Autos | Monday 22 October, 2018 1:22 am

Two Cars, One Dna: Jaguar Xe 300 Sport and Sv Project 8 Create 1000-metre Long Double Helix

Jaguar has celebrated the shared bloodline of the XE 300 SPORT and XE SV Project 8 by creating a unique piece of art in the sand. The two cars weaved across the beach at Pendine Sands to produce a 1000-metre long double helix pattern. The shared DNA that unites the XE and SV Project 8 includes...

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Technology & IT | Monday 22 October, 2018 12:29 am

AOC to introduce new range of Gaming monitors at Middle East Games Con

AOC, the display specialist has today announced that it will be showcasing its most advance Gaming monitors at Middle East Games Con. The company will be unveiling several new models from AGON and the G-Line series of Gaming monitors during the gaming show at Abu Dhabi National...

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Business & Money | Sunday 21 October, 2018 5:02 pm

ACCIONA DEVELOPING AUTONOMOUS VEHICLES FOR UNDERWATER WORK WITHIN THE SWARMS EUROPEAN R&D PROGRAMME

  These autonomous vehicles will be able to perform complex review and repair operations on underwater structures (ports, rigs, offshore wind turbines, etc.) without human intervention   They will contribute to minimising the environmental impact of dredging operations...

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