Business & Money | Sunday 2 December, 2018 7:02 am

SADAFCO delivers healthy results under challenging market conditions

  Lower international commodity prices combined with favourable sales growth across its various categories has enabled, Saudia Dairy and Foodstuff Company (SADAFCO) to announce a net profit of SAR 54 million during the three-month period ending on 30 September 2018. This was SAR 4 ...

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Business & Money | Sunday 2 December, 2018 6:54 am

Alawwal bank launches program to encourage more women into leadership positions

Alawwal bank has launched a ‘Women’s Leadership Program’ designed to help young Saudi women to progress into leadership roles.    The three-day program offers talented women in the early stages of their career a chance to learn some of the skills required to...

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Business & Money | Sunday 2 December, 2018 3:43 am

Crown Prince reviews with G20 leaders opportunities for joint cooperation

As the two-day G20 summit concluded on Saturday, Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, grew in stature. Many world leaders expressed confidence in his social and economic reforms. Stability in Saudi Arabia is the cornerstone of prosperity and progress in...

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Business & Money | Saturday 1 December, 2018 5:28 am

The Council of Arab Economic Unity Announces 'A Common Vision for Arab Digital Economy'

'A common vision for Arab Digital Economy' is the bold plan driven by the Council of Arab Economic Unity (CAEU) at the League of Arab States to boost political and social stability in the Arab World through Digital Economy.   Dr. Ali Mohammed Al Khouri, Advisor to the...

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Business & Money | Saturday 1 December, 2018 12:20 am

Fidu Properties showcases UAE’s iconic real estate projects at Luxury Property Show in Shanghai

Fidu Properties, one of the leading Chinese companies in the UAE property market, is participating in the 18thLuxury Property Show 2018 in Shanghai, being held from December 7 to 9, 2018 at the Shanghai Exhibition Center.   Fidu Properties, one of the main sponsors of the exhibition,...

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Business & Money | Friday 30 November, 2018 6:00 am

Efforts of the King, Crown Prince in bolstering world economy through G20 summits

The Kingdom of Saudi Arabia’s role in the Group of Twenty (G20) has strengthened its position in the global economy, thanks to its solid economic and industrial base. This role emphasizes the Kingdom’s weight and position on the global economy and its moderate and economic decisions...

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Business & Money | Friday 30 November, 2018 3:49 am

SABIC signs MoU with 6 suppliers to form global business alliances

Saudi Basic Industries Corporation (SABIC) announced on Thursday that it has signed memorandums of understanding (MoUs) with six multinational suppliers. According to a statement issued by the petrochemical giant, the suppliers include German conglomerate Siemens, Swiss technology firm ABB,...

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Business & Money | Friday 30 November, 2018 3:30 am

His Excellency Sheikh Sultan bin Tahnoon Al Nahyan Acknowledges outstanding Sanid and Takatof youth taking part in F1-2018

In the lead up to the UAE 47th National Day celebration, Emirates Foundation, the national organization set up by the Abu Dhabi Government to facilitate public-private funded initiatives for the empowerment of youth across the UAE, announced today the launch of a ‘Volunteering Awareness...

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Business & Money | Friday 30 November, 2018 2:00 am

Saudi Arabia's Olayan consortium withdraws from UK shopping mall owner bid

A consortium including Saudi Arabia’s Olayan Group has scrapped plans for a £2.9 billion bid for a UK shopping center owner. Shares in mall owner Intu collapsed on Thursday when the would be suitors, that also included Peel Group and Canadian property firm Brookfield, said that...

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Business & Money | Friday 30 November, 2018 1:33 am

CE-Ventures Acquires Significant Stake in UAE-based Logistics Firm Transcorp

CE-Ventures, the corporate venture capital arm of UAE-headquartered global conglomerate Crescent Enterprises, today announced that it has invested in Transcorp International (Transcorp), one of the UAE’s most efficient logistics and last-mile distribution service providers, acquiring a...

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