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Eye of Riyadh

Audi CEO: “We delivered more in 2014 than promised”
Cars & Autos | Thursday 12 March, 2015 3:11 pm
With a new record for deliveries of more than 1.74 million automobiles, Audi for the first time increased its revenue to more than €53 billion in 2014. Operating profit amounted to €5.15 billion and the operating return on sales of 9.6 percent was at the upper end of the strategic target...
Public Sector is One of Middle East’s Largest Producers of Big Data
Technology & IT | Thursday 12 March, 2015 1:54 pm
As the Middle East’s public sector is one of the largest producers of Big Data, government agencies need to train staff in Big Data analytics to deliver enhanced citizen services, industry experts announced today.In the Internet of Things era, global cellular machine-to-machine (M2M) connections...
Kantar Expands Saudi Consumer Panel
Business & Money | Thursday 12 March, 2015 1:23 pm
Kantar Worldpanel, the global leader in gaining insights into consumer and shopper behaviour, has enhanced its panel in Saudi Arabia by 50 per cent. Geared to provide an even more robust measurement of shopping behaviour in the Kingdom, the expanded panel comprises 3,000 households, up from 2,000. ...
Laurent A. Voivenel on Mastering Growth in Halal-Friendly Segment
Business & Money | Thursday 12 March, 2015 8:31 am
Increasing investor appetite in the Middle East underpinned by strong trading performance and tourism growth has triggered unprecedented development in the hospitality sector. According to industry sources, through projects announced to date, by 2020 the region will add airport capacity for 300...
International retailers looking to expand into the Saudi Arabia market
Business & Money | Wednesday 11 March, 2015 12:44 am
International expansion remains high on the agenda for retailers in 2015, in spite of uncertain economic prospects and cost escalation. 47% of retailers surveyed in How Active are Retailers Globally indicated that unclear economic prospects and cost escalation, largely due to increases in rental...
Investcorp portfolio company L’azurde announces dividend of $16.7 million
Business & Money | Tuesday 10 March, 2015 11:13 am
Investcorp, the asset management firm specialising in alternative investments, today announced that its portfolio company L’azurde, one of the world’s top five gold jewellery manufacturers, has distributed $16.7 million in dividends to its shareholders, following a strong performance in...
Bayt.com Named Among Top 10 Best Places to Work in Asia
Business & Money | Tuesday 10 March, 2015 10:28 am
Bayt.com, the Middle East’s leading career site, has been named among the top 10 Best Small and Medium Workplaces in Asia, in the prestigious 2015 Best Workplaces in Asia awards that were announced this month. The ranking follows Bayt.com’s top-10 ranking in the Top Places to Work in the UAE...
Good performance in a challenging environment
Business & Money | Monday 9 March, 2015 12:30 pm
2014 was a successful year for Henkel. In a challenging and very competitive market environment we achieved our financial targets and made very good progress in implementing our strategy 2016,” said Henkel CEO Kasper Rorsted. “All three business units contributed with profitable organic growth...
Middle East and Africa to Post World’s Second-Fastest IT Growth
Technology & IT | Sunday 8 March, 2015 4:11 pm
Organizations in the Middle East and North Africa (MENA) are early adopters of the technology innovations, as the wider region will post the world’s second-fastest IT growth in 2015, announced SAP MENA’s new Head of Customer Office.The Middle East and Africa’s ICT spending is set to pass USD...
67% of working women believe workplace equality to be on par with Western countries
Business & Money | Sunday 8 March, 2015 1:42 pm
While 43% of working women in the Middle East and North Africa (MENA) region believe they are paid less than their male counterparts, the general sentiment is that workplace equality across the region has grown to be on par with working environments in the Western world. Further data from the...
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