Business & Money | Sunday 14 June, 2015 1:51 pm

Palma Development Sells 70% of Phase 1

Palma Development has announced that it has already sold 70 per cent of Phase 1 at Serenia Residences, the sole residential-only community to take up space on Dubai’s exclusive Palm Jumeirah Crescent. The real estate organisation - a subsidiary of Palma Holding - launched the exclusive property...

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Business & Money | Sunday 14 June, 2015 12:12 pm

Closure of Riyad Real Estate Income Fund with Capital of SAR 500 Million

Riyad Capital announced in alliance with Naif Al-Rajhi Investment Company the closure of subscriptions in the private placement of Riyad Real Estate Income Fund, after raising the target capital for the fund at SAR 500 million ahead of schedule. ‘Riyad Real Estate Income Fund’, the latest...

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Business & Money | Sunday 14 June, 2015 1:21 am

Nitaqat review on the cards

Authorities are likely to review the Nitaqat (Saudization) program, following complaints from employers that Saudi nationals refuse to take up some types of jobs.The applications, endorsed by some ministries, state that the situation has created a big problem for employers in filling up the Saudi...

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Business & Money | Saturday 13 June, 2015 4:22 am

Visa Inc. Elects Lloyd A. Carney to Its Board of Directors

Visa Inc. (NYSE: V) announced today that its Board of Directors has elected Lloyd A. Carney as a new independent director, effective June 11, 2015. Mr. Carney will also serve as a member of the Board’s Audit and Risk Committee. Mr. Carney was appointed Chief Executive Officer (CEO) and a director ...

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Business & Money | Saturday 13 June, 2015 3:52 am

Governor to launch major flour project for Makkah

Makkah Gov. Prince Khaled Al-Faisal, adviser to the king, will launch Sunday the largest project of the Grain Silos and Flour Mills Organization to supply flour to the holy city.The SR810-million facility has been built in line with international quality and safety standards and comprises...

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Business & Money | Saturday 13 June, 2015 2:58 am

Casio, Abbar open G-Factory’s latest outlet in Jeddah

Casio Computer Co. Ltd. and Mahmood Saleh Abbar Company, the authorized agent for Casio in Saudi Arabia, have opened their third G-Factory outlet in Saudi Arabia.The new 75 sqm outlet, located at Al Andalus Mall in Jeddah, features Casio’s latest generation of showroom designs. The outlet...

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Business & Money | Friday 12 June, 2015 6:10 am

Ulysse Nardin strengthens its legacy by serving as timekeeper for the 2015 Yachting Premiere in Beirut

Luxury Swiss watch manufacturer, Ulysse Nardin, lent its support to the prestigious 2015 Yachting premiere, in collaboration with its long-standing partners in the country, W. Salamoon & Sons. Strengthening its seafaring legacy, the tie up saw Ulysse Nardin serve as official timekeeper of the...

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Business & Money | Friday 12 June, 2015 4:19 am

Msheireb station sees successful breakthrough of Al Mayeda Tunnel Boring Machine

“During the past year, we have achieved significant developments on the Doha Metro project thanks to the joint efforts of the company and its contractors. While the excavation phase is making good progress at all stations under the supervision of our skilled team, we are happy to celebrate a new...

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Business & Money | Thursday 11 June, 2015 1:15 pm

Jotun Powder Coatings Unveils New Innovations in Sustainable Technology

Jotun, the world’s leading paint and coatings supplier, has strengthened its diverse powder coatings range with the introduction of two new premium powder products, The Aurora collection and Ultra Shine. Both collections boast new technological advances, providing sustainable and...

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Business & Money | Thursday 11 June, 2015 1:08 pm

Kodak Alaris Invests Further in Saudi Arabia to Offer Local Service

To support substantial customer demand for production scanners in the kingdom, Kodak Alaris announces today that it is opening dedicated service centres in Saudi Arabia to provide fast local support throughout the country for organisations using both Kodak branded as well as third party scanner...

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