Business & Money | Saturday 23 March, 2019 3:07 am

Saudi Tadawul-listed petrochemical firms’ profit hikes 23% in 2018

The petrochemical companies listed on the Saudi Stock Exchange (Tadawul) registered a 23% increase in profits during the full-year 2018, logging SAR 32.5 billion, from SAR 26.4 billion in 2017, Mubasher reported, citing data from the firms’ financial statements. The 2018 profit rise was...

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Business & Money | Friday 22 March, 2019 3:07 am

New e-platform opens $1.3bln Saudi housing opportunities

Saudi government has announced the launch of a new e-platform "Benna" that will provide major opportunities for the developers and contractors to build 10,000 residential units worth SR5 billion ($1.3 billion) across the kingdom. The e-platfrom was jointly inaugurated by Minister of...

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Business & Money | Thursday 21 March, 2019 2:50 pm

Sipchem Sponsors Al-Ahsa Investment Forum 2019

Sipchem sponsored the 5thAl Ahsa Investment Forum 2019 on Wednesday evening in Al-Hofuf Intercontinental Hotel for two days the generous patronage of HRH Prince Saud bin Naif bin Abdulaziz Al Saud, the Governor of eastern region, and with the attendance of a number of ministers headed by the...

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Business & Money | Thursday 21 March, 2019 2:16 pm

SME’s Role in Vision 2030

A recent report by Jadwa Investment confirmed Vision 2030’s focus on supporting small and medium sized enterprises (SMEs) as major contributors to the development and growth of the economy. One of key objectives outlined in the Saudi Vision 2030 relates to raising the level of SME’s...

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Business & Money | Thursday 21 March, 2019 1:54 pm

KPMG Al Fozan to hold tax awareness seminars in Saudi Arabia

KPMG Al Fozan & Partners, the leading provider of audit, tax and advisory services in Saudi Arabia, will organise seminars in major cities across the Kingdom, focusing on relevant tax and zakat regulations, transfer pricing bylaws and value-added tax (VAT) implications.   The...

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Business & Money | Thursday 21 March, 2019 1:54 pm

SAS announces $1 Billion investment in Artificial Intelligence (AI)

SAS, driving the future of analytics, is investing $1 billion in AI over the next three years through software innovation, education, expert services and more. The commitment builds on SAS’ already strong foundation in AI which includes advanced analytics, machine learning, deep learning,...

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Business & Money | Thursday 21 March, 2019 3:13 am

Imdaad Supports Emiratization in the FM Sector with its Participation in Careers UAE 2019

Underlining its commitment to providing employment opportunities for UAE nationals, Imdaad, a Dubai-basedgroup of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets, is participating in the 19thedition of Careers...

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Business & Money | Thursday 21 March, 2019 1:30 am

Al Sharq Investment Signs Licensing Agreement With Marriott International To Bring The First W Residences To The Middle East

Al Sharq Investment announced that it has signed a contract with Marriott International to debut W Hotels branded residences in the Middle East in Dubai with the rebranding of its luxury Alef Residence project. Announced at the real estate exhibition MIPIM Cannes, the agreement means that more than ...

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Business & Money | Thursday 21 March, 2019 1:29 am

Emirates NBD highlights UAE service sector’s progress towards disability inclusion

Emirates NBD, one of the leading banks in the region, has highlighted the efforts being made by UAE businesses to improve efforts to cater to people with disabilities (people of determination). A recent white paper launched by the bank highlights vanguards in the country’s...

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Business & Money | Wednesday 20 March, 2019 7:24 pm

SAS Recognized at Arab Best Awards 2018 for the Third Consecutive Year

Alaa Youssef, Managing Director – Middle East at SAS, was awarded the Arab Best Award for the third year in a row. Held at Marriott Charles de Gaulle in Paris on the 17th of March, Alaa was amongst 100 CEO’s awarded at the ceremony. Established in 2016, the Arab Best Award lauded...

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