Government | Friday 7 April, 2017 4:26 pm

Riyadh Gov. Prince Faisal signs contract for groundwater level reduction

Riyadh Gov. Prince Faisal bin Bandar has signed a contract with Azmeel Contracting & Construction Corporation for a groundwater level reduction project in three neighborhoods in the capital city. The neighborhoods include Al-Aridh, Laban-2 and Tuwaiq-9, according to Riyadh Development...

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Business & Money | Friday 7 April, 2017 4:00 pm

SABIC’s shares focus of Tadawul trading

Saudi stocks rose on Thursday amid investor bets that the Kingdom was making solid progress toward an inclusion into MSCI’s emerging markets index. “This is benefiting the market as a whole in terms of sentiment,” said Marwan Shurrab, head of high net worth and retail equities...

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Sports | Friday 7 April, 2017 3:56 pm

May and Princess Rima bint Bandar bin Sultan talk about sports

British Prime Minister Theresa May on Wednesday met with Princess Reema bint Bandar bin Sultan bin Abdulaziz Al Saud, Vice-President of the General Authority for Sports Planning and Development. During the meeting at the headquarters of the Saudi Arabian Olympic Committee in Riyadh, they...

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Environment & Energy | Friday 7 April, 2017 3:53 pm

Kingdom signs MoU to set up Arab Common Market for Electricity

MINISTER of Energy, Industry and Mineral Resources Khalid Al-Falih signed on Thursday in Cairo a memorandum of understanding (MoU) for setting up an Arab Common Market for Electricity. This took place on the sidelines of the 12th session for the Arab Ministerial Council for Electricity at the...

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Business & Money | Friday 7 April, 2017 3:30 pm

Fitch: Saudi banks overcome liquidity crunch but profits falling

The worst effects of the liquidity crunch that hit the Saudi banking sector in 2016 have passed, following a drive by authorities to inject and support system liquidity, according to Fitch Ratings. “The banks came through the period largely unscathed, with liquidity coverage ratios...

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Business & Money | Friday 7 April, 2017 3:27 pm

Saudi Arabian Airlines launches direct flight to Port Sudan

Saudi Arabian Airlines (Saudia) launched its first direct flight on Thursday from Jeddah to Port Sudan, making it the fifth direct international destination added by the air carrier since last year. In 2016, Saudia added Maldives, Ankara, Algeria and Munich to its direct flight...

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Healthcare | Friday 7 April, 2017 5:38 am

Boehringer Ingelheim: A New World Leader in Animal Health

Three months after acquiring animal health leader Merial in a strategic transaction with Sanofi, Boehringer Ingelheim revealed its ambition to compete for industry leadership worldwide in animal health. Boehringer Ingelheim management discussed the importance of its animal health business and its...

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Business & Money | Friday 7 April, 2017 5:05 am

Invest in Sharjah Trade Mission to Italy Will Explore New Business Opportunities

Sharjah is poised to send a large trade delegation to Italy, at a time when the country is the UAE’s third largest European trade partner and shows a growing potential for expansion in real estate, food, fashion and innovative start-ups. Led by Sharjah FDI Office (Invest in Sharjah) –...

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Environment & Energy | Friday 7 April, 2017 5:00 am

GROHE announces revolutionary water security system for your home

GROHE Sense and GROHE Sense Guard are GROHE’s latest intelligent solutions for the smart home. The GROHE Sense smart water sensor monitors humidity, detects leaks and alerts homeowners instantly in case of a problem, while GROHE Sense Guard is installed in the main water pipe and can switch...

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Business & Money | Friday 7 April, 2017 4:50 am

DAMAC Properties Achieves Outstanding Safety Milestone with Over 180 Million Safe Man Hours Delivered Across All its Projects in Dubai

DAMAC Properties, a leading luxury real estate developer in the region, has completed more than 180 million safe man hours across all of its projects in Dubai – a significant milestone that demonstrates the company’s unwavering commitment to the highest safety standards whilst achieving ...

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