Technology & IT | Monday 29 February, 2016 12:13 pm

Zain Saudi Arabia's Full-Year Financial Results Confirms Record-Breaking 2015

The Company's revenues grew by 9% year on year (YoY), to reach SAR 6,741 million for the year compared with SAR 6,170 million in 2014.  Gross profit increased by 23% to reach a record SAR 3,951 million for 2015 with a gross margin of 59%, up from SAR...

More Details

Business & Money | Monday 29 February, 2016 12:04 pm

Mazola networks with partners, distributors; showcases expertise & leadership at Gulfood

Mazola, one of the pioneers of healthy and quality food products across the Gulf, held a special gala dinner for their partners and distributors at The Palace Hotel in Dubai. The dinner coincided with the Companies participation at Gulfood 2016 – the world’s largest annual food and...

More Details

Business & Money | Monday 29 February, 2016 11:58 am

Product of the Year Gulf Awards reinforces focus on innovation

The overall market sentiment may look a bit challenging across sectors, but one award has inspired companies to buck the trend, so to say. The 2016 Product of the Year Gulf Awards (POY), renowned worldwide for its recognition of innovation, has once again reaffirmed its popularity with more and...

More Details

Business & Money | Monday 29 February, 2016 11:47 am

Digitization Will Supercharge Kingdom of Saudi Arabia’s Proposed USD 4 Trillion Economic Plan by 2030

Digitization will supercharge the Kingdom of Saudi Arabia’s potential USD 4 trillion non-oil economic investment needed through 2030, industry experts announced at the recent Mobile World Congress.   Facing a volatile oil and gas market, and with half of the population under 25...

More Details

Cars & Autos | Monday 29 February, 2016 11:45 am

Aljomaih Automotive Steals the Limelight at the Jeddah 4x4 Motor Show

Aljomaih Automotive, the largest dealer of General Motors in KSA and the Middle East, demonstrated its superiority in the SUV sector at the first instalment of Jeddah 4x4 Motor Show. Held between 18 and 21 February 2016 in Jeddah Exhibition Center, this motor show is the first of its kind in the...

More Details

Business & Money | Monday 29 February, 2016 11:03 am

Indian PM to visit Riyadh on April 2

Indian Prime Minister Narendra Modi will pay a two-day state visit to Saudi Arabia on April 2, according to reliable sources. Modi will hold talks with Custodian of the Two Holy Mosques King Salman. They will discuss key regional and international developments as well as trade and energy issues. ...

More Details

Technology & IT | Monday 29 February, 2016 7:15 am

Sofrecom honors Mobily for applying the highest operational efficiency standards

Etihad Etisalat Mobily was honored by Sofrecom, a member of Orange Group, for being the leading telecom operator in Saudi Arabia to act on environment. The award was handed over by Mr. Jacques Moulin CEO Sofrecom and Mr. Abdelkader Dali Managing Director Middle East to Akil Al...

More Details

Business & Money | Monday 29 February, 2016 7:15 am

Military show marks private firms’ vital participation

The Armed Forces Exhibition for Diversification (AFED) of Local Manufacturing concluded on Saturday with the signing of 550 agreements with 300  Deputy Crown Prince Mohammed bin Salman was represented by Assistant Defense Minister Gen. Mohammed Al-Ayesh in inaugurating the event that aimed...

More Details

Business & Money | Monday 29 February, 2016 7:09 am

Jeddah Economic Forum to discuss Kingdom’s privatization drive

Opportunities opening up in Saudi Arabia’s various economic sectors as a result of the ongoing privatization drive will be in focus at the three-day Jeddah Economic Forum (JEF), which begins Tuesday. Makkah Gov. Prince Khaled Al-Faisal will inaugurate JEF at the Jeddah Hilton, with the...

More Details

Business & Money | Monday 29 February, 2016 7:05 am

Bahraini PM names an avenue in Manama after the late Prince Saud Al-Faisal

Bahrain’s Prime Minister Prince Khalifa Bin Salman Al Khalifa announces here Sunday naming an avenue crossing Al-Jafeer district of Manama, Bahrain, after the late Prince Saud Al-Faisal. This was upon the directives of King Hamad Bin Isa Al Khalifa of Bahrain and in the presence of Prince...

More Details