19 Jumada II 1446 - 20 December 2024
    
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Eye of Riyadh

New Zealand Prime Minister to lead trade mission to the Kingdom of Saudi Arabia
Business & Money | Sunday 19 April, 2015 3:19 pm
New Zealand Prime Minister Rt Hon John Key will lead a business delegation to the Kingdom of Saudi Arabia on 28 April.“The visit is an opportunity to strengthen and grow trade and business links between the Kingdom of Saudi Arabia and New Zealand. A key priority for me will be talking to key...
Oman Insurance Company Wins Best Business Insurance Product Award
Business & Money | Sunday 19 April, 2015 1:40 pm
At a ceremony held in Dubai, Oman Insurance Company (OIC) was awarded Banker Middle East UAE Product Awards 2015 in the Best Business Insurance Product category, for its innovative ‘OIC Advantage’ corporate staff scheme.The award, organized by CPI Financial, is established as the most...
Finance minister upbeat on KSA economy despite oil volatility
Business & Money | Sunday 19 April, 2015 7:52 am
Saudi Arabia is capable of facing the current volatility in oil prices, said Finance Minister Ibrahim Al-Assaf. He made these remarks at the International Monetary and Financial Committee of the International Monetary Fund.The minister was leading the Kingdom delegation to the spring meetings of...
Saudi woman sets up marketing firm
Business & Money | Sunday 19 April, 2015 6:51 am
Noura Balsharaf started out small at the Balsharaf Group with newly qualified graduates to manage research and marketing, but has now set up her own independent company called Golden Research.The company is now a member of the European Society for Opinion and Marketing Research.In the beginning,...
RCJY industrial cities attract SR1 trillion investments
Business & Money | Saturday 18 April, 2015 12:53 pm
The volume of investments injected into Jubail, Yanbu and Ras Al-Khair industrial cities reached SR1 trillion, said Prince Saud bin Abdullah bin Thunayyan Al-Saud, president of the Royal Commission for Jubail and Yanbu (RCJY).He was addressing a forum at RCJY head office in Riyadh on investment...
Barwa Bank net profit up by 41.5% in 2014
Business & Money | Saturday 18 April, 2015 12:36 pm
Barwa Bank’s financial results for 2014 showed strong growth across all segments, with Net Profit reaching QAR 713 million, up by 41.5% as compared to 2013. Total assets grew by 14% reaching QAR 38 billion, driven mainly by strong growth in the bank’s financing portfolio which grew from QAR...
DME Oman Crude Oil settled above $60/b for first time in four months
Business & Money | Saturday 18 April, 2015 12:30 pm
Oman crude oil prices on the Dubai Mercantile Exchange settled above $60/b for the first time in four months, as prices continued to climb on signs of a slowdown in US shale oil production. Front-month June DME Oman futures contract settled 12:30 Dubai time at $60.22/b, up $1.94 on the previous...
Govt to build 25,500 more apartments
Business & Money | Friday 17 April, 2015 12:56 pm
The Housing Ministry has announced that it will construct 25,500 additional housing units in various cities across the Kingdom with the aim of easing the acute housing shortage.The ministry revealed that it has now completed the marketing for all of the apartments that are part of housing project...
Artisans to be trained abroad
Business & Money | Friday 17 April, 2015 12:54 pm
Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA) announced Thursday the start of a program in South Korea for the training of Saudi male and female artisans to revive and develop the accuracy of ancient crafts. He indicated that the program will be...
KSA to open stock market to foreigners on June 15
Business & Money | Friday 17 April, 2015 12:49 pm
Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares, the Capital Market Authority (CMA) said.Final rules covering the opening of the market will be published on May 4, the CMA added.The authority...
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EY launches academy in KSA to meet workforce needs
EY launches academy in KSA to meet workforce needs
Thursday 19 December, 2024 10:35