Business & Money | Wednesday 13 April, 2016 1:51 pm

Steelcase Reports Fourth Quarter and Fiscal 2016 Results

Steelcase Inc. (NYSE: SCS) reported fourth quarter revenue of $747.9 million and net income of $77.5 million, or diluted earnings per share of $0.62. Excluding restructuring costs, adjusted earnings were $0.64 per share.  During the fourth quarter, the company reversed its valuation allowance...

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Business & Money | Wednesday 13 April, 2016 1:36 pm

KAEC Industrial Valley Witnesses First Factory for Assembling Firefighting Apparatus in Arab World

The Economic Cities Authority (ECA) participated in the opening of the new Rosenbauer Saudi Arabia factory, the first manufacturing facility specializing in assembling firefighting apparatus in the Arab world. The factory was built in the Industrial Valley in King Abdullah Economic...

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Business & Money | Wednesday 13 April, 2016 1:18 pm

Alkhabeer Capital Appoints Ahmed Ghouth as CEO

 Alkhabeer Capital, the premier asset management and investment firm based in Jeddah, Saudi Arabia, today announced the appointment of Ahmed Ghouth as Chief Executive Officer. Ammar Shata, founder of Alkhabeer Capital, will remain in his role as Executive Director of the...

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Business & Money | Wednesday 13 April, 2016 1:15 pm

Businesses in KSA Need an Integrated Approach to The Threat Defense Lifecycle

Attackers today use multiple techniques to penetrate an organizations’ infrastructure and compromise their vital data assets or systems. This problem has only been exasperated with the proliferation of the cloud and IoT and today’s targeted multiphase attacks consist of a series of...

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Tourism & Hospitality | Wednesday 13 April, 2016 1:12 pm

Turkish Airlines, the Official Airline Partner for EURO 2016 takes off on its maiden flight to Paris.

To celebrate EURO 2016 this summer, Turkish Airlines has unveiled an A330-300 passenger aircraft painted in the competition’s livery. The plane undertook its maiden flight to Paris the location of this year’s final on 10th July, and is just one component of Turkish Airlines’...

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Business & Money | Wednesday 13 April, 2016 1:09 pm

Waseela Successfully Completes Milestone Five-Year WiMAX/LTE Network Managed Services Project in Saudi Arabia

Waseela, the regional Information and Communication Technology (ICT) company specializing in turnkey system integration and managed services, successfully completed the delivery of a WiMAX/LTE Network Managed Services project for Samsung in Saudi Arabia.  The project for Samsung which began ...

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Culture & Education | Wednesday 13 April, 2016 12:27 pm

Cisco University Outreach Program Inspires UAE Youth

As part of its service and commitment to the communities in which it operates, Cisco is conducting a university outreach program in the UAE to help prepare the next generation workforce and inspire and encourage youth to enable themselves with skills suited for the future. The program is fully...

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Cars & Autos | Wednesday 13 April, 2016 12:23 pm

Mohamed Yousuf Naghi Motors achieves internationally recognized ISO 9001 certification

Certification body Bureau Veritas has awarded Mohamed Yousuf Naghi Motors, the official importer of BMW Group vehicles in Saudi Arabia, the ISO 9001, the globally recognized quality management system standard published by the International Organization of Standardization....

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Technology & IT | Wednesday 13 April, 2016 9:37 am

Smartphones Are About to Lose Their Headphone Socket, and Music Will Sound Better as a Result

The Apple iPhone 7 is likely to spark a rapid shift away from the traditional 3.5mm headphone jack on high-end smartphones when it goes on sale this year, says leading technology retailer, axiom telecom. The new-generation iPhone is rumored to drop the familiar audio output when it is released this ...

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Tourism & Hospitality | Wednesday 13 April, 2016 8:59 am

The Ritz-Carlton brings contemporary luxury to budapest, with the opening of first hotel in HUNGary

The Ritz-Carlton Hotel Company, L.L.C. revealed its first hotel in Hungary today, with the much-anticipated opening of The Ritz-Carlton, Budapest. Located in the heart of the cultural and shopping district, the property is literally on the doorstep of Budapest’s heralded historic sites and...

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