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Eye of Riyadh

Sidra Capital Advises On First Property Acquisition In usa Worth SAR 350 Million
Business & Money | Tuesday 26 April, 2016 11:34 am
Sidra Capital announced its first foray in the US real estate market with the developing funding and acquisition of a newly built office building in the prosperous Charlotte suburb of Fort Mill, South Carolina leased to a subsidiary of AmerisourceBergenCorporation (Amerisource), a Fortune 500...
GULF INTERNATIONAL BANK B.S.C. RAISES SAR2 BILLION THROUGH AN OVERSUBSCRIBED BOND ISSUE
Business & Money | Tuesday 26 April, 2016 5:25 am
Gulf International Bank’s (GIB) latest bond issue met with strong demand as the bank on 19th April, 2016 successfully priced its senior unsecured SAR2 billion 5-year Floating Rate Notes issuance at a spread of 140 basis points above three-month SAIBOR.   The issuance was well...
Gulf railway to create 80,000 jobs
Business & Money | Tuesday 26 April, 2016 5:17 am
The GCC Railway, which link the six member countries of the Gulf Cooperation Council by 2018, is expected to create more than 80,000 direct and indirect jobs, said Abdurrahim Naqi, secretary-general of GCC Chamber of Commerce and Industry. “This is a strategic and vital project for the...
Full Text of Saudi Arabia’s Vision 2030
Business & Money | Tuesday 26 April, 2016 4:24 am
The Council of Ministers endorsed during its session on Monday under the chairmanship of Custodian of the Two Holy Mosques King Salman Saudi Arabia’s Vision 2030. The Cabinet session was devoted to discuss the vision, which was drafted by the Council of Economic and Development Affairs...
American giant “ Do It Best” Opens Its First Store in Saudi Arabia
Business & Money | Monday 25 April, 2016 3:04 pm
Attken International, part of Saudi Arabia-based Albawardi Group, announced its partnership with the U.S.-based Do it Best Corp, a member-owned fully integrated hardware, lumber, and building materials cooperative in the home improvement industry, to develop the first store of its kind in Saudi...
OSN scores big wins in fight against TV piracy; steps up action to mark World Intellectual 
Property Day
Business & Money | Monday 25 April, 2016 2:28 pm
OSN, the leading pay-TV network in the Middle East and North Africa, has scored big wins in its fight against television piracy across the region, having conducted more than 316 raids with the support of government authorities.    Marking the World Intellectual Property Day (World...
Alkhabeer Capital launches private equity fund targeting Saudi Arabia’s emergent education sector
Business & Money | Monday 25 April, 2016 12:33 pm
Alkhabeer Capital, the asset management and investment firm based in Jeddah, Saudi Arabia, announced today the launch of Alkhabeer Education Private Equity Fund I (“The Fund”), the firsteducation-focused product in its Private Equity investment portfolio.    The Fundis a ...
DAMAC Towers by Paramount Hotels & Resorts Achieves Milestone Topping Out
Business & Money | Monday 25 April, 2016 12:25 pm
DAMAC Properties, one of the region’s largest luxury real estate developers, has announced that its luxury hotel and serviced residences, DAMAC Towers by Paramount Hotels & Resorts, located in Dubai’s Burj area, is topped out.    At the opening of the 2016 Arabian...
NavLink, an AT&T Affiliated Company, Selects Asigra to Deliver Backup-as-a-Service to Telcos and Enterprises in Europe, Middle East and Africa (EMEA)
Business & Money | Monday 25 April, 2016 9:21 am
NavLink, a leading ICT and Managed Services Provider today announced its partnership with Asigra, a leading cloud backup and recovery software provider since 1986. Through this partnership, NavLink joins the Asigra global partner ecosystem to deliver backup-as-a-service based on the...
Digital skills may help increase female workforce in Saudi Arabia, Accenture research finds
Business & Money | Monday 25 April, 2016 7:40 am
Globally, digital savvy women are helping to close the gender gap in the workplace. And digital fluency, the extent to which people embrace and use digital technologies to become more knowledgeable, connected and effective, plays a key role in helping women achieve gender equality and level the...
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