Business & Money | Thursday 9 April, 2015 3:54 pm

Saudi Arabia full year average crude production 9.8 mbpd in 2015

The widening of global oil surplus to 2 million barrels per day (mbpd) led to Brent prices dropping by 29 percent, quarter-on- quarter, to $54 per barrel in Q1 2015. Oil markets will continue to see large surpluses in Q2 & Q3 2015. That’s with regard to oil prices. In addition, slower shale oil...

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Business & Money | Thursday 9 April, 2015 3:36 pm

Al-Jazeera Paints showcases its innovative bundle “Smart Paints”

Al-Jazeera Paints, the giant of high quality paints industry in the Middle East and surrounding regions showcased its innovative “Smart Paints” bundle during its participation in the 3rd Saudi Forum for Planning & Design of Hospitals , which held over four days period recently in Al Riyadh ...

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Business & Money | Thursday 9 April, 2015 3:28 pm

SABIC announces global application development focus to advance additive manufacturing technology

Leveraging its global technology centers in Saudi Arabia, the Americas, Europe, and Asia, SABIC has announced that it is expanding the company’s application development focus in additive manufacturing technology. The move further underscores SABIC’s commitment to this evolving technology that...

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Business & Money | Thursday 9 April, 2015 3:22 pm

Hiring in the creative and media industry in Saudi Arabia is booming

The Monster Employment Index is a monthly gauge of online job posting activity in Middle-East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. The Index does not reflect the trend ...

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Business & Money | Thursday 9 April, 2015 2:59 pm

Middle East online shopping brand Namshi appoints Havas Worldwide Middle East for its creative outreach

Following an in-depth search and intensive deliberations, Namshi, the Middle East's most happening online fashion and footwear destination, has appointed Havas Worldwide Middle East as its creative communications agency for the region.The region's premier luxury, retail and fashion agency will work ...

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Business & Money | Thursday 9 April, 2015 1:55 pm

Thomson Reuters publishes GFMS Gold Survey 2015

Gold prices have bottomed in local currencies, but not in dollarsThomson Reuters today released “Gold 2015”, the 49th in the series of annual Surveys, looking at the shifts and developments in the global gold markets, their fundamentals and their drivers, over the year and setting the scene for ...

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Business & Money | Thursday 9 April, 2015 8:02 am

Gulf Capital Receives "Firm of the Year" Award

At the Middle East Private Equity International AwardsGulf Capital Receives "Firm of the Year" Award for Best Private Equity Company in MENA Gulf Capital, one of the largest and most active alternative investment firms in the Middle East based in Abu Dhabi, was voted the “Firm of the Year” at ...

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Business & Money | Thursday 9 April, 2015 12:35 am

Dusit Strengthens Presence In Middle East With New Joint Venture Company

After more than a decade operating hotels in the Middle East, leading Asian hospitality group Dusit International further solidifies its presence in the Gulf Cooperation Council (GCC) by entering into a joint venture hotel management agreement with a local partner in the Kingdom of Saudi...

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Business & Money | Thursday 9 April, 2015 12:25 am

SEDCO Holding Group scoops 3 awards at Cityscape Jeddah

SEDCO Holding Group won three awards at Jeddah’s 6th Urban Development and Real Estate Investment Event (Cityscape Jeddah) among 15 competing projects under 5 categories which was highly attended by the Kingdom’s biggest developers, architects, investors and real estate playersThe unique...

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Business & Money | Wednesday 8 April, 2015 3:32 pm

Foreign investments in KSA grow by five times over last decade to reach SAR 1,050 billion

The Saudi Arabian General Investment Authority (SAGIA) has recently released a report showing that the Kingdom of Saudi Arabia’s (KSA) foreign investments have grown by five times over the last ten years, resulting in over SAR 1,050 billion worth of investments across various industry verticals...

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