Business & Money | Sunday 5 March, 2017 2:30 pm

Octapharma Group Publishes 2016 Annual Results Reporting Revenue of €1.6 Billion and Operating Income of €383 Million

The Octapharma Group can report a record-breaking result with sales of €1.6 billion, which represents an increase of €87 million or 5.8% compared with 2015. Octapharma achieved sales growth of 18.8% in North America, 14% in Eastern Europe and 6% in its well-established markets of Western...

More Details

Business & Money | Sunday 5 March, 2017 11:36 am

Securities markets challenges & risks tackled in IOSCO meetings

The Saudi Capital Market Authority (CMA) participated in the meeting of the Board of Directors of the International Organization of Securities Commissions (IOSCO) held last Feb. 22-23 in Milan, Italy. CMA also participated in the meeting of the Steering Committee of the Developing Markets...

More Details

Business & Money | Sunday 5 March, 2017 10:46 am

Shababeek at Osha Event Hall from 4th to 6th May 2017 “A story behind every window!”

SHABABEEK PROMISES TO GIVE AN UNFORGETTABLE EXPERIENCE TO ALL, BY  CREATING A UNIQUE ARENA BY BRIDGING THE GAP BETWEEN INNOVATIONS & EXCELLENCE WITH A PROFESSIONAL TOUCH OF DESIGN & CREATIVITY.   Join us to celebrate the most luxurious & a premier event, with the famous...

More Details

Business & Money | Sunday 5 March, 2017 7:55 am

Sheikh Adel Aujan’s life and legacy celebrated at landmark awards ceremony

Hundreds gathered in Dubai this evening to celebrate the life and legacy of one of the Gulf’s most prominent businessmen, Sheikh Adel Aujan. Sheikh Adel, who passed away in January, was the Chairman of one of the largest Middle Eastern beverages conglomerates, Aujan Coca-Cola Beverages...

More Details

Business & Money | Sunday 5 March, 2017 7:44 am

UAE regulatory credit changes positive for insurers: Moody’s

UAE insurers will likely see a medium-term improvement in their credit profiles as the sector adjusts to financial regulations introduced in February 2015 and overcomes initial compliance hurdles, says Moody’s Investors Service in a report issued Wednesday. The “UAE’s new...

More Details

Business & Money | Saturday 4 March, 2017 2:51 pm

AnchorLloyd’s CEO discusses 2017 Middle East insurance challenges and opportunities

  Cyber threats are the most critical and rapidly evolving risk facing business in 2017   Inga Beale, CEO, Lloyd’s, met with H.E Essa Kazim, Governor of the Dubai International Financial Centre (DIFC) and Chairman of Dubai Financial Market (DFM) earlier this...

More Details

Business & Money | Saturday 4 March, 2017 2:23 pm

EXHIBITION OF MARINE-INSPIRED ART COLLECTION MAKES WORLD DEBUT AT DUBAI INTERNATIONAL BOAT SHOW

Bohemian crystal artworks treasured by Bill Clinton, Elton John, royal families and Russian oligarchs find major interest among GCC buyers   Nestled among the superyachts and myriad other craft at the 25th Dubai International Boat Show, a unique marine-inspired art gallery has made a...

More Details

Business & Money | Saturday 4 March, 2017 8:19 am

KSA readies road map to combat cyber terror

Statistics presented at the second international cyber security conference in Riyadh have highlighted the enormity of cyber attacks being suffered by Saudi Arabia and other Gulf Cooperation Council states. During the two-day conference, which was patronized by Vicegerent Crown Prince Muhammed...

More Details

Business & Money | Saturday 4 March, 2017 8:15 am

SWCC may stop giving free water to NWC

 The Saline Water Conversion Corporation (SWCC), which will soon be privatized, is presently considering a study to sell desalinated water to the National Water Company (NWC), Makkah daily reported on Wednesday. A source at the NWC said the SWCC has so far been providing water to the...

More Details

Business & Money | Saturday 4 March, 2017 8:00 am

KSA INVESTMENT CONTINUES TO FLOW INTO TURKEY DESPITE CONCERNS

Investors from the Kingdom of Saudi Arabia have emerged as the largest GCC real estate investor in Turkey and the third largest among foreign investors. Buyers from Iraq (in first place), Saudi Arabia (3rd), Kuwait (4th), Qatar (7th) and Bahrain (10th) emerged among the top 10 foreign buyers in the ...

More Details