Tourism & Hospitality | Thursday 20 September, 2018 8:40 pm

Majid Al Futtaim’s VOX Cinemas Screens First Egyptian Film in KSA With Tamer Hosny’s “El Badla”

 Majid Al Futtaim Cinemas, the dedicated cinema arm of Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today held the first screening of an Egyptian film in Saudi Arabia with the action comedy hit, “El...

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Tourism & Hospitality | Thursday 20 September, 2018 7:57 am

Ferrari plans 15 new models, SUV to drive earnings growth

Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of its new chief executive’s efforts to double core earnings by 2022. The supercar maker shifted to a guidance range for adjusted core earnings of 1.8-2.0 billion euros...

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Business & Money | Thursday 20 September, 2018 7:55 am

SABIC to establish stand-alone Specialties business

SABIC, the world’s third largest diversified petrochemicals company, announced that it is taking steps to establish certain elements of its Specialties business as a stand-alone business. The strategic purpose of this is to prepare the Specialties business to participate in further organic...

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Environment & Energy | Thursday 20 September, 2018 7:53 am

New fuel oil regulations for shipping industry to create winners and losers

The decision this year of the International Maritime Organization (IMO), a specialized agency of the United Nations, to introduce new rules aimed at reducing the cap on the sulfur content of marine fuel has an impact on the Gulf’s oil dynamics, the Arab Petroleum Investments Corporation...

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Tourism & Hospitality | Thursday 20 September, 2018 6:00 am

Celebrate Saudi National Day with Al Faisaliah Hotel Riyadh

This Saudi National Day, Al Faisaliah Hotel Riyadh is honored and proud to invite guests to celebrate this historic day with a host of festive experiences and extraordinary culinary treats. A key part of Saudi history, the day celebrates the 88th Saudi National Day and the establishment of the...

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Business & Money | Wednesday 19 September, 2018 10:22 am

FLOW Consortium wins the Operation and Maintenance Contract for lines 3, 4, 5 & 6 of Riyadh Metro

Contract worth more than € 73 0 million in Saudi Arabia   Alstom, as a Member of FLOW Consortium with Ansaldo STS and Ferrovie dello Stato Italiane, has received a Letter of Award (LoA) from Arriyadh Development Authority (ADA) to provide operation and maintenance services for...

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Cars & Autos | Wednesday 19 September, 2018 8:16 am

Samaco rolls out Lamborghini Urus

IN the presence of senior managers from Automobili Lamborghini, Lamborghini Jeddah celebrated the arrival of Lamborghini's new model, the Lamborghini Urus, the first Super Sport Utility Vehicle, creating a new niche in the luxury segment with this all-new car with benchmarking power,...

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Government | Wednesday 19 September, 2018 8:10 am

Saudi PIF invests $1bn in Lucid Motors

The Saudi Public Investment Fund (PIF) announced on Monday said that it has concluded an investment agreement of over $1 billion with Lucid Motors, through a special-purpose vehicle wholly owned by PIF. Under the terms of the agreement, the parties made binding undertakings to carry out the...

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Business & Money | Wednesday 19 September, 2018 8:01 am

Saudi banks step up drive against fraud

Saudi banks launched the 10th edition of the anti-fraud awareness campaign tilted “Do not disclose it”. This season’s campaign slogan is # Drag them before they pull you. The media and banking awareness committee revealed that the first phase of the campaign will focus mainly...

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Tourism & Hospitality | Wednesday 19 September, 2018 7:12 am

Makkah sees surge in ‘destination’ malls

Retail demand in Makkah is generated from two distinct segments — the city’s residents and the Haj and Umrah pilgrims, Colliers International, the global commercial real estate leader, said in its latest white paper on the retail sector in Makkah. The city’s retail...

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