Saturday, January 20, 2018
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Eye of Riyadh

Saudi unemployment rate falls 5.8% in Q3 of 2017
Business & Money | Tuesday 2 January, 2018 12:00 pm
The overall unemployment rate has fallen 5.8% in the Kingdom in the third quarter of 2017 compared with the second quarter, according to a report of the General Authority of Statistics. Saudi Arabia stands 12th among G20 nations in terms of the average fall in the rate of unemployment during ...
Mashreq Bank receives nine awards from Global Finance in London
Business & Money | Tuesday 2 January, 2018 11:17 am
Mashreq Bank, the UAE’s leading financial institution was presented with nine awards at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England.   The dinner hosted at the RSA House in London saw Mashreq win awards for: Best Consumer ...
Dubai Land Department Tours New District One Community in Mohammed Bin Rashid Al Maktoum City
Business & Money | Tuesday 2 January, 2018 11:11 am
Officials from the Dubai Land Department have taken a private VIP tour of the new Mohammed Bin Rashid Al Maktoum City – District One community.   Sultan Butti bin Mejren, Director General of the Dubai Land Department, and H.E. Engineer Marwan bin Ghalita, CEO of RERA were hosted by ...
The National Commercial Bank announces that the board of directors has recommended the distribution of dividend for period the second half of 2017
Business & Money | Monday 1 January, 2018 12:20 pm
The Board of Directors of NCB has recommended on 28/12/2017 corresponding to 10/04/1439H the distribution of dividend to the shareholders for the period the second half of 2017 as following: 1- Total amount of distribution of dividend SAR 1,196,878,814 2- Number of shares eligible for...
Citizenship Invest: Over 70% increase in second passport demand in Q4 of 2017
Business & Money | Monday 1 January, 2018 8:02 am
According to Citizenship Invest, market leader specialized in the fastest citizenship programs to legally obtain a second passport, high net worth families and residents in the Kingdom of Saudi Arabia contributed to over 70 % increase in demand for second European and Caribbean nationality in Q4 of ...
Rashid Ports receives 4 giant cruise ships simultaneously
Business & Money | Saturday 30 December, 2017 12:39 pm
30 December 2017: The cruise quay at Rashid Port received four cruise ships simultaneously on Friday 29th December: Aida Stilla, Main Chef 5, MSC Splendida and Coasta Mediterrania.   This is the first time the Port receives four cruise ships together in one day which confirms its...
Makkah forum to boost innovation, leadership
Business & Money | Saturday 30 December, 2017 12:20 pm
An initiative to encourage innovators and entrepreneurs and to discover creative talents begins at the Makkah Cultural Forum on Jan. 7. The forum, “How to be an example,” is run under the cooperation of King Abdullah University for Science and Technology (KAUST) in the innovation...
Apple, Amazon in licensing talks with Saudi Arabia
Business & Money | Saturday 30 December, 2017 10:30 am
APPLE and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Muhammad Bin Salman’s push to give the Kingdom a high-tech look. A third source confirmed that Apple was in talks with SAGIA, Saudi Arabia’s...
Visa brings cardholders irresistible deals this 
Dubai Shopping Festival
Business & Money | Saturday 30 December, 2017 5:07 am
Visa (NYSE:V), the world leader in digital payments, renewed its sponsorship of the 2018 Dubai Shopping Festival (DSF) for the twenty-third  consecutive year with exciting deals for domestic and international shoppers who spend on their Visa debit and credit cards, including receiving AED...
ITFC Finances US$ 100 Million to Boost Maldives Energy Sector
Business & Money | Saturday 30 December, 2017 2:02 am
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group signed with the State Trading Organization (STO), a government owned company in the Republic of Maldives, a syndicated murabaha financing agreement for US$ 100 million.   The...