Business & Money | Monday 16 February, 2015 7:30 am

Prince Faisal inaugurates Khaibar housing project

Madinah Gov. Prince Faisal bin Salman opened a housing project consisting of 149 homes in Khaibar on Sunday in the presence of Housing Minister Shuwaish Al-Dowaihi.Each home contains an area of 700 square meters while the project includes a mosque that can accommodate more than 200 worshippers, an...

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Business & Money | Monday 16 February, 2015 12:30 am

AXA COOPERATIVE INSURANCE COMPANY APPOINTS SAUDI FRANSI CAPITAL AS LEAD MANAGER

AXA COOPERATIVE INSURANCE COMPANY (AXA) signed on 26/04/1436 corresponding to 15/02/2015 the rights issue management agreement to increase its capital with the Saudi Fransi Capital Company, the Financial Advisor, Lead Manager, and Underwriter of AXA rights issue offering. The signing of the...

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Tourism & Hospitality | Monday 16 February, 2015 12:16 am

PRADA, GIORGIO ARMANI AND GUCCI TO OPEN BOUTIQUES IN THE BOULEVARD LUXURY MALL IN JEDDAH

With the countdown racing towards the opening of The Boulevard, the latest destination for those who seek luxury and fine taste, the management of the new retail complex has announced that Prada, Giorgio Armani and Gucci will have a major presence in Jeddah’s most luxurious shopping center, is...

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Business & Money | Sunday 15 February, 2015 2:13 pm

SEDCO Holding Group Marks its 28th Annual SEDCO Football Tournament

In presence of the CEO of SEDCO Holding Group, Anees Ahmed Moumina, the SEDCO Football Tournament was kicked off for the employees of the group. The opening ceremony was attended by a big number of media and professional football players from the Saudi league including Khaled Kahwaji, Marwan...

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Government | Sunday 15 February, 2015 2:31 am

Prince Faisal brings joy to orphans

Madinah Gov. Prince Faisal bin Salman was present at the Arab Orphans’ Day celebration organized by the Ministry of Social Affairs on Thursday in the holy city.In Islam, according to the Holy Qur’an and Sunnah (the teachings of the Prophet [peace be upon him]), caring for orphans is of great...

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Government | Sunday 15 February, 2015 2:26 am

King appoints new members to Shoura

Custodian of the Two Holy Mosques King Salman has appointed Mohamed H. Al-Mady of Saudi Basic Industries Corporation (SABIC) as chairman of the General Organization for Military Industries (GOMI).The king issued a number of royal decrees appointing key people to other important positions.Abdullah...

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Technology & IT | Sunday 15 February, 2015 12:11 am

Mobily Wins 2015 IBM Beacon Award for Outstanding Resiliency Services Solution

Etihad Etisalat Mobily has won the 2015 IBM Beacon Award for Outstanding Resiliency Services Solution. Each year, this honor is awarded to a select number of IBM Business Partners who have delivered exceptional solutions to drive business value and transform the way their clients and industries do...

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Business & Money | Saturday 14 February, 2015 12:21 pm

Minister’s visit strengthens Saudi Arabia-New Zealand relationship

New Zealand Associate Trade Minister Todd McClay has today concluded bilateral talks in Riyadh, Saudi Arabia. “My visit was an opportunity to further strengthen our relationship and highlight New Zealand’s commitment to partnering with Saudi Arabia in areas including food security,...

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Business & Money | Saturday 14 February, 2015 11:36 am

Microsoft targets more mobile-productivity app purchases

Microsoft CEO Officer Satya Nadella has a new strategy to make the company a purveyor of popular mobile applications: Acquire them.The software company is planning over the next few months to buy mobile-productivity applications that work on Apple and Google operating systems, according to people...

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Business & Money | Saturday 14 February, 2015 11:01 am

NCB Capital Launches AlAhli Freestyle Saudi Equity Fund

NCB Capital, the region’s leading wealth manager and the Kingdom of Saudi Arabia’s largest asset manager has launched the AlAhli Freestyle Saudi Equity Fund. The fund is an open-ended Shariah-compliant fund that aims to achieve superior growth in capital through a more concentrated investment...

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