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Eye of Riyadh

Maharah acquires a strategic stake in BLOOVO to fuel its expansion and build-on its technology
Business & Money | Monday 10 December, 2018 1:01 pm
BLOOVO, a regional fast-growing online recruitment platform that uses intelligent algorithms, announced today the entry of the Saudi-based Maharah Human Resources Companyas a strategic shareholder to help in regional and international expansion as well as technology development. The...
Gulf Retail Sector Set to Soar as Consumers Embrace Online Shopping, Value of Mall Experiences
Business & Money | Monday 10 December, 2018 12:58 pm
Retail sales across four Gulf countries are projected to increase by more than US$24 billion over the next five years, with the UAE expected to lead this trend with an estimated growth rate of 16%, according to new research from Euromonitor International. Euromonitor’s report reveals that...
Abu Dhabi Wins Bid to Host United Nations Industrial Development Organization General Conference in 2019
Business & Money | Monday 10 December, 2018 12:00 pm
Red Sea Mall has signed a strategic partnership with ride-hailing applications Careem and Uber, offering visitors convenient and easy access to the mall. As part of this partnership, visitors can now download the designated applications and book a ride to the centre located on King Abdul Aziz Road...
Why Do Dubai Residents Move?
Business & Money | Monday 10 December, 2018 9:42 am
Dubai residents leverage declining rents to upsize homes   By ServiceMarket.com   With residential rental rates in Dubai on the decline, the moving market has been reshaped by a large degree over the last couple of years. ServiceMarket, the UAE's largest marketplace for...
Emirates NBD Saudi Arabia PMI®
Business & Money | Monday 10 December, 2018 2:26 am
Today sees the release of November data from the Emirates NBD Purchasing Managers’ Index®(PMI®) for Saudi Arabia. The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the Saudi Arabian...
4 in 5 Middle East Professionals Might Change their Careers Entirely, Bayt.com Poll Reveals
Business & Money | Sunday 9 December, 2018 1:50 pm
A new poll conducted by Bayt.com – the Middle East’s largest Job Site – reveals that more than four in five (83%) professionals have considered “changing their career path completely”, with nearly two thirds (64.2%) saying that it is “very easy” to change...
Port Rashid receives 5 cruise airliners on a single day
Business & Money | Sunday 9 December, 2018 12:29 am
Port Rashid received five international cruise liners at the Dubai Cruise Terminal on a single day, marking a historic milestone during the 2018/2019 season.  The cruise lines originating from UK, USA, Germany, Italy and Spain brought in over 25,000 tourists. The milestone event forms...
SAGIA sponsors $300 million integrated chemical complex
Business & Money | Sunday 9 December, 2018 12:18 am
The Saudi General Investment Authority (SAGIA) has sponsored at its Riyadh head office, the signing of an agreement between Italmatch Chemicals and Sadiq Industries for establishing an integrated industrial chemical complex for the phosphorous industry in the city of Waad Al-Shamal and the Jubail...
Uber makes confidential filing for long-awaited IPO
Business & Money | Saturday 8 December, 2018 1:49 pm
Uber Technologies Inc. has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. The ride-hailing company filed the...
Saudi Arabia successfully launches Sat 5A, Sat 5B satellites
Business & Money | Saturday 8 December, 2018 3:14 am
King Abdulaziz City for Science and Technology (KACST) announced the successful launch of the Saudi Sat 5A and the Saudi Sat 5B satellites on Friday. Prince Turki Bin Saud Bin Mohammed, President of KACST, said that the launching took place at 12:12 pm Beijing time on the Long March 2D from the...
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