Business & Money | Monday 10 December, 2018 2:26 am

Emirates NBD Saudi Arabia PMI®

Today sees the release of November data from the Emirates NBD Purchasing Managers’ Index®(PMI®) for Saudi Arabia. The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the Saudi Arabian...

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Business & Money | Sunday 9 December, 2018 1:50 pm

4 in 5 Middle East Professionals Might Change their Careers Entirely, Bayt.com Poll Reveals

A new poll conducted by Bayt.com – the Middle East’s largest Job Site – reveals that more than four in five (83%) professionals have considered “changing their career path completely”, with nearly two thirds (64.2%) saying that it is “very easy” to change...

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Business & Money | Sunday 9 December, 2018 12:29 am

Port Rashid receives 5 cruise airliners on a single day

Port Rashid received five international cruise liners at the Dubai Cruise Terminal on a single day, marking a historic milestone during the 2018/2019 season.  The cruise lines originating from UK, USA, Germany, Italy and Spain brought in over 25,000 tourists. The milestone event forms...

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Business & Money | Sunday 9 December, 2018 12:18 am

SAGIA sponsors $300 million integrated chemical complex

The Saudi General Investment Authority (SAGIA) has sponsored at its Riyadh head office, the signing of an agreement between Italmatch Chemicals and Sadiq Industries for establishing an integrated industrial chemical complex for the phosphorous industry in the city of Waad Al-Shamal and the Jubail...

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Business & Money | Saturday 8 December, 2018 1:49 pm

Uber makes confidential filing for long-awaited IPO

Uber Technologies Inc. has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. The ride-hailing company filed the...

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Business & Money | Saturday 8 December, 2018 3:14 am

Saudi Arabia successfully launches Sat 5A, Sat 5B satellites

King Abdulaziz City for Science and Technology (KACST) announced the successful launch of the Saudi Sat 5A and the Saudi Sat 5B satellites on Friday. Prince Turki Bin Saud Bin Mohammed, President of KACST, said that the launching took place at 12:12 pm Beijing time on the Long March 2D from the...

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Business & Money | Saturday 8 December, 2018 1:34 am

Stefan Gesing Appointed as New Chief Financial Officer of GROHE

We are pleased to announce that Stefan Gesing will take over the position as Chief Financial Officer (CFO) of GROHE effective as of January, 14th2019. In his role as CFO of GROHE, he will become part of the Grohe AG Management Board, reporting to Michael Rauterkus, CEO of GROHE. “We’re...

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Business & Money | Saturday 8 December, 2018 12:55 am

Nestlé’s Kitkat Ruby to Have Exclusive Uae Debut at Sole Dxb 2018

Nestlé Middle East has something special lined up for this year’s Sole DXB. In a regional exclusive, the company is giving UAE chocolate lovers the chance to try the new chocolate craze that’s sweeping the world, KITKAT Ruby chocolate.    Visitors to Dubai’s ...

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Business & Money | Friday 7 December, 2018 1:00 pm

Arabian Aerospace - SHOW BUSINESS DAILY, being appointed as the official daily for the Saudi International Airshow

Arabian Aerospace magazine, the industries leading aerospace publication and voted Best International Aerospace Magazine of the Year 2018, has been appointed as the official show daily for the Saudi International Airshow, will be held in March 2019 in Riyadh.  Arabian Aerospace - SHOW...

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Business & Money | Thursday 6 December, 2018 1:00 pm

Al Mal Capital appoints Khaled Abdel Majeed as Al Mal Mena Lead Portfolio Manager

Al Mal Capital, a subsidiary of Dubai Investments and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has appointed Khaled Abdel Majeed as the new Lead Portfolio Manager for Al Mal Mena equities funds and solutions.  Mr. Abdel Majeed...

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