Business & Money | Friday 1 May, 2015 11:43 am

SR1.6 billion titanium sponge factory on way

The Royal Commission in Yanbu (RCY) has signed a lease for an industrial land to establish a factory for titanium sponge production with an estimated cost of SR1.6 billion.The contract was signed by Alaa bin Abdullah Nassif, CEO of the Royal Commission in Yanbu, with the Advanced Metal Industries...

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Business & Money | Friday 1 May, 2015 11:41 am

SAMA ‘will welcome insurance mergers’

Saudi Arabian Monetary Agency (SAMA) would welcome mergers among local insurance companies as long as they were positive for all parties, said Governor Fahad Al-Mubarak.A number of Saudi insurance firms have been loss-making for years because of severe competition in the market, where large...

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Business & Money | Thursday 30 April, 2015 12:19 am

IKEA Saudi Arabia Launches Limited Art Collection from Around the World

Ghassan Ahmed Al Sulaiman Furniture Trading Co. Ltd., IKEA Saudi Arabia, the leading home furnishings company in the region, has launched an exclusive Art Event in each of its three stores around the Kingdom, in Jeddah, Riyadh and Dhahran, displaying and selling a limited collection of artwork that ...

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Business & Money | Thursday 30 April, 2015 12:18 am

Delta International unveils high profile Dubai scheme to global investors

- Delta International Real Estate showcases exclusive Dubai investment offer in London, Moscow and BeijingDelta International Real Estate, one of the Gulf’s leading property portfolio management agencies, showcased its high profile projects in London, Moscow and Beijing this month, in response to ...

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Business & Money | Wednesday 29 April, 2015 2:42 pm

New Zealand Prime Minister launches education competition

New Zealand Prime Minister Rt Hon John Key has launched an online social media competition, offering Saudi students an opportunity to study in New Zealand.The #whynewzealand competition gives Saudi students a chance to win one of eight full academic scholarships to study in New Zealand for up to...

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Business & Money | Wednesday 29 April, 2015 10:05 am

JIB posts US$ 16.08 million in profits after tax For the first quarter of 2015

- Jordan Islamic Bank (JIB) achieved net profits after tax for the first quarter of 2015 that amounted to about US$ 16.08 million compared to about US$ 14.67 million for the first quarter of 2014 with a growth of about 9% , whereas profits before tax for the 1st quarter of 2015 reached about...

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Business & Money | Wednesday 29 April, 2015 1:19 am

3M Announces First-Quarter Results

Company Posts Sales of $7.6 Billion and Earnings of $1.85 per ShareFirst-Quarter Highlights:• Organic local-currency sales growth of 3.3 percent• Positive organic local-currency growth in all business groups and geographic areas• Operating income margins of 22.8 percent, up 0.9 percentage...

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Business & Money | Tuesday 28 April, 2015 3:20 pm

JOTUN PARTICIPATES AT THE JEDDAH JOB FAIR

Jotun, the Kingdom’s Number One paint manufacturer, established a major presence as a Silver sponsor at the recent job fair held at the Jeddah Hilton on March 25-27, joining a number of successful companies aiming to increase the percentage of Saudi employees on their payrolls.One of the...

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Business & Money | Tuesday 28 April, 2015 3:17 pm

Ooredoo and Paris Saint-Germain Extend Football Training Programme

Ooredoo and Paris Saint-Germain continue to expand their football coaching programme for young people across the MENA region, with the latest “Paris Saint-Germain Academy brought to you by Ooredoo” taking place in Algeria last weekend. Since the launch in 2014, Ooredoo and Paris Saint-Germain...

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Business & Money | Tuesday 28 April, 2015 7:16 am

Saudi high oil output based on demand

Saudi Arabia's high crude oil production policy is based on the status of global demand and the top oil exporter is keen to maintain its market share, the Kingdom's deputy minister of petroleum and mineral resources said on Monday.Speaking to reporters in Saudi Arabia, Prince Abdul Aziz bin Salman ...

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