Environment & Energy | Tuesday 2 February, 2016 12:50 pm

Rumor & Denial: Verbal oil intervention in action 

January proved to be a very volatile month for commodities and the final week was no exception, with the oil market continuing to attract most of the attention. Speculation of a so far unconfirmed and still doubtful grand bargain between Opec and Russia helped trigger a strong comeback as short...

More Details

Technology & IT | Tuesday 2 February, 2016 12:40 pm

Toshiba Acquiring Land for New Semiconductor Production Facility

Toshiba Corporation (TOKYO: 6502) today announced that it is gearing up for future expanded production of “BiCS FLASH™”, its proprietary 3D flash memory, by acquiring 150,000m2 of land adjacent to its Yokkaichi Operations memory production complex in Mie prefecture. The land...

More Details

Business & Money | Tuesday 2 February, 2016 12:39 pm

International Property Show 2016 unveiled biggest edition from April 11 to 13

During a press conference held today (Tuesday, 2nd February), Strategic Marketing & Exhibitions unveiled the 12th edition of the International Property Show, the Middle East’s biggest property sales platform for local and international real estate. Accredited by the Dubai Real Estate...

More Details

Business & Money | Tuesday 2 February, 2016 12:29 pm

Alkhabeer Capital appoints two new members to Board of Directors

Alkhabeer Capital, the asset management and investment firm based in Jeddah, Saudi Arabia, announced today that it has appointed Muhanad Hayder Binladen and Mohammed Abdulrahman Moumena to its Board of Directors.    Muhanad Binladen and Mohammed Moumena joined the Board effective...

More Details

Business & Money | Tuesday 2 February, 2016 12:26 pm

SteelFab success underscores strength of manufacturing sector

The strong growth achieved by the SteelFab 2016 trade fair, which concluded at Expo Centre Sharjah on January 20, has given credence to the fact that the manufacturing sector is playing a key role in helping the country’s economy withstand the impact of low oil prices.   The...

More Details

Cars & Autos | Tuesday 2 February, 2016 12:18 pm

Celebrating Shell Helix Fast Lube Network’s First Year Anniversary in KSA

Al Jomaih and Shell celebrated their First Year anniversary with their oil-change service provider Tas’helat Marketing (Sahel), at the “Shell Helix Fast Lube” Station at Rowdah in Riyadh. As part of this celebration, many loyal Fast Lube customers were felicitated and prizes...

More Details

Business & Money | Tuesday 2 February, 2016 12:17 pm

The Fourth Round of the Saudi-US Business Opportunities Forum in Riyadh

The Ministry of Commerce and Industry is inviting leaders of business, economics, academics and researchers to attend the events of the Saudi-US Business Opportunities Forum at the Ritz-Carlton hotel in Riyadh.   The forum will be held on the 14th and 15th, 1437 A.H., corresponding...

More Details

Business & Money | Tuesday 2 February, 2016 12:12 pm

Bupa Arabia launched blood donation campaign at Riyadh and Jeddah offices

In line with its efforts to continuously give back to the community, Bupa Arabia, the number one insurance provider in the Kingdom of Saudi Arabia, launched a blood donation campaign with vast participation of its team members at Riyadh and Jeddah offices to actively keep the momentum of noble...

More Details

Tourism & Hospitality | Tuesday 2 February, 2016 10:33 am

Hawthorn Suites by Wyndham announces F & B appointments

Names Chef Rusindu Rodrigo as Chef de Cuisine and Channa Rodrigo as Asst. F & B Manager Chef Rusindu Rodrigo joined Hawthorn Suites by Wyndham as its new Chef de Cuisine while Channa Rodrigo has been appointed as the property’s Assistant Food and Beverage Manager. As Chef de...

More Details

Technology & IT | Tuesday 2 February, 2016 6:14 am

STC now controls more than half of Kuwait’s Viva

 Saudi Telecom Company recently purchased another 25.8% of the Kuwaiti-owned Viva for $424 million, bringing its total stake in the company to 51.8%, according to a bourse statement released Monday by STC. The purchase came after months of negotiation when, in December, STC made Viva an...

More Details