Business & Money | Sunday 5 June, 2016 2:36 pm

Emirates NBD Saudi Arabia PMI™

Saudi Arabia’s non-oil private sector looked to be in good shape midway through the second quarter, as business conditions improved to the greatest extent since last November. Both output and new orders rose sharply in May, with the rate of expansion in the latter picking up to a five-month...

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Business & Money | Sunday 5 June, 2016 2:18 pm

DAMAC Properties Offers Phase 2 of Sharia-Compliant Luxury Hotel Apartments ‘Ghalia’

Following a sold-out phase one, DAMAC Properties announces a limited release in Ghalia during the holy month of Ramadan with a special payment plan for investors. Ghalia offers the first certified Sharia-compliant serviced hotel apartments, with construction already underway, and will be operated...

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Business & Money | Sunday 5 June, 2016 1:55 pm

RAFAL Real Esate Development Company supported Sairec 4

The National Real Estate committee at the Council of Saudi Chambers successfully concluded Sairec 4, the Prominent Real Estate conference that was held under the patronage of Minister of Housing, Mr. Majed AL Hogail, earlier this month at Burj Rafal Hotel Kempinski, Riyadh.   The...

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Business & Money | Sunday 5 June, 2016 9:04 am

The Future of Experience Metrics: Teradata Customer Satisfaction Index Analytic Solution

Teradata (NYSE: TDC), the big data analytics and marketing applications company, continues to radically improve the way customer behaviors are understood and managed to produce more meaningful and profitable outcomes. Today, Teradata is introducing the most powerful...

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Business & Money | Sunday 5 June, 2016 6:40 am

Saudi mining plays key role in industrial program

At a sprawling complex on Saudi Arabia’s northeastern Gulf coast, refineries, smelters and casting machines transform dull pink rocks into silver aluminum bars, a symbol of the kingdom’s attempt to diversify its economy. After only two years in operation, the $10.8 billion aluminum...

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Business & Money | Sunday 5 June, 2016 6:31 am

20 ministries to begin implementing Vision 2030

Twenty ministries will soon begin the implementation of Saudi Vision 2030, according to a source. The Council of Economic and Development Affairs (CEDA) has approved the final structure and hierarchy of the Ministry of Economy and Planning to make it a supportive agency for all executive and...

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Business & Money | Sunday 5 June, 2016 6:29 am

UK prepares to participate in housing projects in Kingdom

The British government intends to mobilize all of its specialized entities and companies operating in the field of construction for residential units to invest in the large residential projects offered by the Kingdom, as represented by the Department of Housing in fulfillment of its “Vision...

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Business & Money | Sunday 5 June, 2016 5:56 am

SES Prices Hybrid Bond Offering of EUR 750 million

This transaction is of strategic and long-term importance for SES, and complements the recent equity raise which generated gross proceeds of EUR 908.8 million. Together these transactions are fully consistent with SES’s commitment to maintaining its investment grade credit rating (BBB/ Baa2)...

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Business & Money | Saturday 4 June, 2016 3:40 pm

Visa Introduces NFC-Enabled Payment Ring for Team Visa Sponsored Athletes to Use at Rio 2016 Olympic Games

Visa Inc. (NYSE:V), the exclusive payment provider at the Olympic and Paralympic Games, today introduced a new innovation for use at the Rio 2016 Games – the first payment wearable ring backed by a Visa account. The Visa payment ring will be given to all Team Visa athletes in Rio, a group of...

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Business & Money | Saturday 4 June, 2016 3:18 pm

L’azurde and Saudi Fransi Capital hold IPO signing ceremony with receiving banks

L’azurde Company for Jewelry (“L’azurde” or “the Company”) and Saudi Fransi Capital today held an official signing ceremony to formalize agreements with the receiving banks for its Initial Public Offering (IPO).  The ceremony was held at the offices of Saudi ...

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