Business & Money | Sunday 12 June, 2016 12:46 pm

Western Union Launches Global Ramadan Program "30 Days of Betters"

The Western Union Company, a leader in global payment services, today launched its "30 Days of Betters" program to reinforce the universal concepts of sharing and caring during the Islamic holy month of Ramadan. The program will run simultaneously in the United Arab...

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Business & Money | Sunday 12 June, 2016 12:11 pm

ASIA SQUARE TOWER 1 SOLD TO QATAR INVESTMENT AUTHORITY

Asia Square Tower 1 has been sold by a BlackRock-advised fund to the Qatar Investment Authority (QIA) at approximately S$3.4billion (US$2.45 billion).    CBRE and JLL are joint sole advisors for this transaction for a BlackRock-advised fund.   Rob Blain, Executive...

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Business & Money | Sunday 12 June, 2016 6:53 am

Dubai Investments wins glass contracts for tallest building, iconic projects in Pakistan

Dubai Investments PJSC, the leading, diversified investments conglomerate listed on the Dubai Financial Market, has announced that its subsidiary Emirates Glass LLC, one of the largest processors of flat architectural glass in the region and part of Glass LLC – the first glass holding company ...

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Business & Money | Sunday 12 June, 2016 4:43 am

Midas achieves new milestone with ME's largest furniture showroom in Riyadh

Midas Furniture has set yet another milestone in its journey of two decades by opening the largest ever furniture showroom in the Middle East, spanning 17000 sqm. The new showroom located in Riyadh's upmarket district of Al-Yasamine Boulevard on King Abdul Aziz Road, Exit...

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Business & Money | Sunday 12 June, 2016 4:16 am

KSA building houses, schools and hospitals in Pakistan

Saudi Arabia is building 1,900 housing units, 33 schools and 23 healthcare centers in Pakistan as part of a relief package for earthquake and flood victims in the country. Dr. Khaled Mohammed Al-Othmani, regional director of the Custodian of the Two Holy Mosques Campaign for the Relief of...

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Business & Money | Saturday 11 June, 2016 7:31 am

Saudi Aramco, GE to install first wind turbine in Saudi Arabia

Saudi Aramco and GE are partnering to install Saudi Arabia’s first Wind Turbine at the Turaif Bulk Plant, located in the north-west of the Kingdom. The initiative is in line with Saudi Vision 2030 as endorsed by the Saudi Cabinet that has set an initial target of generating 9.5 gigawatts...

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Business & Money | Saturday 11 June, 2016 5:19 am

KSA to sign deals with key US firms

Deputy Crown Prince Mohammed bin Salman will travel to the United States within the next few days to sign several agreements with American companies. This is according to Minister of Commerce and Investment Majid Al-Qassabi, who was speaking on Friday at another round of press conferences held ...

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Business & Money | Saturday 11 June, 2016 3:28 am

Saudi Fransi Capital announces that 125.98% of the shares offered to the retail tranche was covered by the end of the fourth day

Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and sole underwriter for L’azurde Company for Jewelry (“L’azurde”) states that the number of retail investors amounted to 191.56 thousand by the end of the fourth day. Amount subscribed reached to SAR...

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Business & Money | Saturday 11 June, 2016 2:49 am

Art of Living by Aston Martin: Beyond Beautiful Cars

British luxury brand introduces Art of Living by Aston Martin, an opportunity to experience the company’s legendary reputation for cutting-edge technology, iconic design and exceptional craftsmanship across a portfolio of the finest artisan products and truly bespoke experiences. Since its ...

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Business & Money | Friday 10 June, 2016 5:18 am

52% of Saudis to own a house under NTP

Minister of Housing Majed Al-Hoqail said that the main goal of his ministry under the National Transformation Program 2020 (NTP) is to enable at least 52 percent of Saudis possess a house of their own. The ministry will implement 21 initiatives costing a total of more than SR59 billion, he said in...

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