Business & Money | Saturday 4 June, 2016 3:18 pm

L’azurde and Saudi Fransi Capital hold IPO signing ceremony with receiving banks

L’azurde Company for Jewelry (“L’azurde” or “the Company”) and Saudi Fransi Capital today held an official signing ceremony to formalize agreements with the receiving banks for its Initial Public Offering (IPO).  The ceremony was held at the offices of Saudi ...

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Government | Saturday 4 June, 2016 3:46 am

Sight Ramadan crescent on Sunday

As the Supreme Court in Riyadh urged Muslims to look for the crescent to mark the beginning of the holy month of Ramadan on Sunday, imams at mosques throughout the Kingdom, including those in Makkah and Madinah, welcomed Friday the holy month of Ramadan with an immense sense of sanctity and...

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Business & Money | Saturday 4 June, 2016 3:42 am

K.A.CARE to help develop renewable energy sources

King Abdullah City for Atomic and Renewable Energy (K.A. CARE) and Asir province will jointly work toward achieving the goal of green buildings, converting municipal solid waste into electricity and monitoring and developing sources of renewable energy for sustainable development. “A joint ...

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Business & Money | Friday 3 June, 2016 4:31 pm

Crown Prince commissions long range boat Jeddah

Crown Prince Muhammad Bin Naif, deputy premier and minister of interior, said the Border Guard’s marine vessels project is one of the projects that will boost the Kingdom’s border security, Saudi Press Agency reported. In a speech during the commissioning of the first long range boat ...

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Government | Friday 3 June, 2016 4:26 pm

King Salman inaugurates King Saud Foundation

Custodian of the Two Holy Mosques King Salman inaugurated King Saud Foundation during a reception for the late king’s sons at Al-Salam Palace in Jeddah on Thursday. Prince Mishal Bin Saud, president of the foundation, accompanied by Prince Sattam Bin Saud and Prince Hussam Bin Saud, attended...

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Business & Money | Friday 3 June, 2016 3:27 pm

CEDA unveils integrated governance regulation for Vision 2030

The Council of Economic and Development Affairs (CEDA) has developed an integrated governance regulation to ensure establishment of a convention of work, raise efficiency, and facilitate coordination of efforts among the relevant authorities with regard to realizing the Kingdom’s Vision 2030. ...

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Business & Money | Thursday 2 June, 2016 4:06 pm

Motorola Solutions connects Sadara Chemical Company with clear, reliable voice communications

Sadara Chemical Company will deploy an innovative communications system to help its employees in Jubail Industrial City II work more efficiently and safely.   Motorola Solutions (NYSE:MSI) will provide the petrochemical complex with a complete communications network across Sadara’s ...

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Business & Money | Thursday 2 June, 2016 6:00 am

Petra Engineering expands its KAEC factory

Petra Engineering Industries, the leading producer of high quality refrigeration and HVAC equipment and one of the largest investors in KAEC, is expanding its recently opened manufacturing plant in the Industrial Valley to increase production capacity and accelerate exports to new markets including ...

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Business & Money | Thursday 2 June, 2016 5:13 am

Over 300 global business leaders from over 20 countries participate in GE’s Global Supplier Forum

More than 300 business leaders from over 20 countries today convened in Riyadh for the Global Supplier Forum by GE (NYSE: GE) held under the patronage of HRH Deputy Crown Prince Mohammed bin Salman, Second Deputy Premier and Defense Minister.  The event discussed the significant opportunities...

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Business & Money | Thursday 2 June, 2016 4:53 am

Saudi Diesel steadfast in supporting ‘Vision 2030’

With the new Saudi Vision 2030 to transform and make its economy stronger, less dependable on oil and more diversified, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman emphasized on localizing the renewable energy and industrial equipment sectors in Saudi companies, and Saudi Diesel is ...

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