Business & Money | Sunday 15 January, 2017 4:25 pm

Almarai reports a solid performance for 2016

Almarai closed the year 2016 with solid gains in nearly all of its product categories achieving net sales of SAR 14.7B, a growth of +6.6% over last year. The launch of 16 new products, including milk powder and cupcake, during 2016 helped strengthened its position as the leading food and Beverage...

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Business & Money | Sunday 15 January, 2017 4:19 pm

The Fragrance Kitchen to open flagship store at Doha Festival City

Doha Festival City, Qatar’s leading leisure, retail and hospitality destination, has announced Al Tayer Group will open its first flagship store of one of the GCC’s most iconic brands, The Fragrance Kitchen (TFK) at Doha Festival City. The Kuwait-based fragrance house will debut...

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Business & Money | Sunday 15 January, 2017 4:01 pm

Emirates Islamic launches Cashback Plus Visa Signature Credit Card

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of its Cashback Plus Visa Signature Credit Card which rewards customers with up to 10% cash back on domestic and international household spends such as groceries, dining, education and...

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Business & Money | Sunday 15 January, 2017 3:52 pm

Emirates NBD Asset Management Sees Significant Growth Opportunities for Saudi Arabian Equities

Emirates NBD Asset Management has identified Saudi Arabian equities as an area of strategic focus due to the significant growth potential. Through its MENA Equity funds, Emirates NBD Asset Management already provides exposure to the Kingdom, offering global expertise to the Saudi market by virtue...

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Business & Money | Sunday 15 January, 2017 3:08 pm

King Abdullah Economic City’s Industrial Valley Adds Petromin to Portfolio of Investors

King Abdullah Economic City (KAEC) has succeeded in adding Petromin to the growing list of investors in the Industrial Valley. According to the deal signed by the two sides just before the start of the New Year the Saudi lubricants giant will lease 193,917 square meters of land to build a logistics ...

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Business & Money | Sunday 15 January, 2017 2:59 pm

Cayan Group Closes 2016 as ‘Year Of Excellence’ With Ongoing Projects Valued at SAR 5.5 Billion

Cayan Group, the leading property developer in the Middle East, has achieved its strategic business objectives and surpassed some of the tactical objectives for the year 2016, making it yet another excellent year for the group. The group has announced SAR 5.5 billion worth of ongoing projects in...

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Business & Money | Sunday 15 January, 2017 2:45 pm

GE to move Saudi headquarters to Princess Noura University

Princess Nourah bint Abdulrahman University (PNU), the largest all-female university in the world, has signed two Memorandums of Understanding (MoU) with GE (NYSE: GE) with two overarching goals that will see GE moving its Saudi Headquarters to the PNU Academic Complex in Riyadh, and the two...

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Business & Money | Sunday 15 January, 2017 10:43 am

MENA’s first curated e-commerce platform is now available on Google PlayStore

   Tired of spending hours comparing prices online? Fateshli's professional team will do the hassle for you. Now with a new application letting you discover a wide variety of products in your country that are available for purchase from Amazon, Souq, AliExpress & JadoPado, at...

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Business & Money | Sunday 15 January, 2017 10:29 am

E-Marine joins hands with Huawei Marine to install Avassa Submarine Cable in Comoros

E-marine, the principal provider of submarine cable solutions in the Middle East, today announced that, in collaboration with Huawei Marine Networks Co. Ltd., it has successfully completed the 260-km Avassa Submarine Cable System marine installation in Comoros Islands. To provide marine...

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Business & Money | Sunday 15 January, 2017 10:20 am

ENGIE to attend World Future Energy Summit in Abu Dhabi

In its ongoing commitment to providing sustainable energy solutions for the future, leading global energy group, ENGIE will attend the World Future Energy Summit (WFES) in Abu Dhabi from 16th to 19th January. ENGIE’s presence at the event underlies the organisation’s commitment to...

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