Business & Money | Thursday 31 January, 2019 12:00 pm

HPE names new MD to drive its ambitious Saudi growth plan

Hewlett Packard Enterprise (HPE), the worldwide leader in technology, is pleased to announce the appointment of Issa Naseer Al-Khamees as Managing Director for HPE Saudi Arabia.   In his new position, Issa Naseer Al-Khamees will spearhead HPE operations in Saudi Arabia, focusing towards...

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Business & Money | Thursday 31 January, 2019 10:30 am

Deyaar Reports 2018 Revenues of Aed 643.7 Million and Net Profit of Aed 140.1 Million

Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, today announced its preliminary unaudited financial results for the full year ended 31 December 2018.   The company reported revenues of AED 643.7 million...

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Business & Money | Thursday 31 January, 2019 4:33 am

Abu Dhabi Fund for Development Implements COSO Internal Control Framework

Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, today announced the full implementation of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Framework in its operations.  As the first government ...

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Business & Money | Thursday 31 January, 2019 3:30 am

Sadara awarded Saudi Customs’ AEO license

Sadara Chemical Company has been awarded certification by the Saudi Customs Authority as an Authorized Economic Operator (AEO), a status based on the global AEO program which facilitates movement of the company’s imports and exports, or supply chain, under standards established by the World...

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Business & Money | Wednesday 30 January, 2019 2:52 pm

Saudi Arabia's ICT Community to Converge on Riyadh for 'IDC Directions 2019'

Saudi Arabia's most influential technology vendors, telecommunications operators, and IT service providers are set to gather at The Ritz-Carlton, Riyadh next week (Tuesday, February 5) as International Data Corporation (IDC) hosts 'IDC Directions 2019', an event specially tailored for...

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Business & Money | Wednesday 30 January, 2019 2:33 pm

Saudi banks denies circulating anticipations on other mergers

Talat Hafiz, secretary general, Media and Banking Awareness Committee of Saudi Banks said that there is no truth about news and expectations of new possible mergers among Saudi banks except what was announced earlier, particularly the merger agreement between SABB Bank and Alawwal Bank, and...

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Business & Money | Wednesday 30 January, 2019 11:23 am

Hormann’s JAFZA factory starts production of steel fire rated hinged doors

Hormann’s new factory in JAFZA has started rolling out steel fire rated hinged doors to meet demands from Middle East customers.  One of the world’s largest producers of industrial, commercial and residential doors, Hormann opened its new 4,800 square meter production line in...

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Business & Money | Wednesday 30 January, 2019 4:31 am

Saudi Exports launches finance initiative to boost business export capacity

The Saudi Export Development Authority (Saudi Exports) launched the Export Finance Enhancing Initiative under the Private Sector Stimulus Plan by signing agreements with the Saudi Industrial Development Fund and the International Islamic Trade Finance Corporation (ITFC) Non-oil exports are one...

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Business & Money | Wednesday 30 January, 2019 3:41 am

Aramco, TechnipFMC, Axens advance catalytic crude to chemicals technology

Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, on Tuesday signed a Joint Development and Collaboration Agreement (JDCA) with Axens and TechnipFMC to accelerate the development and commercialization of the company’s Catalytic Crude to Chemicals (CC2C) technology....

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Business & Money | Wednesday 30 January, 2019 3:27 am

Saudi Arabia announces creation of Neom Company

Saudi Arabia has set up NEOM, the world’s future destination for dreamers and innovators, as a closed joint-stock company fully owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund. The change in the legal status of NEOM will allow the company to create 16 economic...

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