Business & Money | Sunday 18 January, 2015 12:38 pm

Banker Middle East: AlJazira Capital… Best Brokerage Company in the kingdom

AlJazira Capital was awarded the 2014 «best brokerage company in the Kingdom» by «Banker Middle East» magazine, for maintaining the leading position among brokerage companies in Saudi Arabia and providing its customers with the latest technology solutions. These achievements come as a result of ...

More Details

Business & Money | Sunday 18 January, 2015 12:06 pm

Centaur Group Finance Launches 'Centaur Natural Resources Bond' Open to Qualified Investors in the GCC

Centaur Group Finance Ltd ("CGF") is a wholly owned subsidiary of Centaur Holdings Ltd ("Centaur"), a global investment holding company with interests and investments ranging from asset management, wealth management, private equity, venture capital, mining and natural resources and agricultural...

More Details

Business & Money | Sunday 18 January, 2015 9:43 am

Saudi banks’ profits up 10% to SR40 billion in 2014

Profits of the listed Saudi banks grew by 10 percent to hit SR40.2 billion ($10.7 billion) by the end of 2014, compared to SR36.6 billion ($9.7 billion) in 2013, according to a financial report.The National Commercial Bank (NCB) registered the highest profits at SR8.66 billion (+10.23 percent) in...

More Details

Business & Money | Sunday 18 January, 2015 1:45 am

Google chief Eric Schmidt to visit Riyadh for the eighth Global Competitiveness Forum

Among the experts speaking at this year’s Global Competitiveness Forum is Eric Schmidt, the executive chairman of Google, who will be delivering a key note speech on the opening day of the Riyadh event, on 26 January. The Global Competitiveness Forum (GCF) is the most important of the Kingdom’s ...

More Details

Business & Money | Saturday 17 January, 2015 3:02 am

Alwaleed commended for Korean investments

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received at his office Lee Myung-bak, former president of Korea and an accompanying delegation. The delegation included Yoon Jeung-hyun, former minister of finance and economy, Hong Seok-woo, former minister of Knowledge Economy, ...

More Details

Business & Money | Saturday 17 January, 2015 2:41 am

Riyadh Metro project ‘ahead of schedule’

The multibillion-riyal metro project is 10 percent ahead of schedule, said Riyadh Gov. Prince Turki bin Abdullah bin Abdul Aziz here as he inspected progress in the capital city.Prince Turki, who is also president of the High Commission for the Development of Riyadh (HCDR), and King Abdulaziz...

More Details

Business & Money | Friday 16 January, 2015 1:52 am

Saudia: Canceled ticket’s refund to be sent to account

Saudi Arabian Airlines announced Thursday it would deposit the refund amount of canceled cash tickets in customers’ accounts in seven days.“The new service will save a lot of time and energy of customers,” said Mohammed Al-Bakri, executive vice president for finance at the airline.Refund...

More Details

Business & Money | Friday 16 January, 2015 1:50 am

Travel boost: Jazan, Abha, Arar to get new airports

The General Authority of Civil Aviation will build three new airports in Jazan, Abha and Arar this year as part of efforts to meet the demand of growing passenger traffic. This has been revealed by Prince Fahd bin Abdullah, president of GACA.Speaking to reporters after inspecting progress of work...

More Details

Business & Money | Wednesday 14 January, 2015 1:15 pm

REC launches Saudi Build – Interiors to tap country’s USD 3.6 billion market

Riyadh Exhibitions Company, the leading organizer of trade fairs and public events in the Kingdom of Saudi Arabia (KSA), organized a press conference to launch Saudi Build – Interiors yesterday (Tuesday January 13, 2015) at the Four Seasons Hotel - Riyadh. The event was attended by a group of...

More Details

Business & Money | Wednesday 14 January, 2015 3:10 am

New Saudization steps for vegetable market mooted

The Saudization committee has proposed new regulations to localize the Jeddah central fruit and vegetable market in a bid to regulate the activities as also to nationalize the labor force by 100 percent.The committee has found labor laws irregularities in the market where papers such as forms of...

More Details