Business & Money | Saturday 18 April, 2015 12:36 pm

Barwa Bank net profit up by 41.5% in 2014

Barwa Bank’s financial results for 2014 showed strong growth across all segments, with Net Profit reaching QAR 713 million, up by 41.5% as compared to 2013. Total assets grew by 14% reaching QAR 38 billion, driven mainly by strong growth in the bank’s financing portfolio which grew from QAR...

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Business & Money | Saturday 18 April, 2015 12:30 pm

DME Oman Crude Oil settled above $60/b for first time in four months

Oman crude oil prices on the Dubai Mercantile Exchange settled above $60/b for the first time in four months, as prices continued to climb on signs of a slowdown in US shale oil production. Front-month June DME Oman futures contract settled 12:30 Dubai time at $60.22/b, up $1.94 on the previous...

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Business & Money | Friday 17 April, 2015 12:56 pm

Govt to build 25,500 more apartments

The Housing Ministry has announced that it will construct 25,500 additional housing units in various cities across the Kingdom with the aim of easing the acute housing shortage.The ministry revealed that it has now completed the marketing for all of the apartments that are part of housing project...

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Business & Money | Friday 17 April, 2015 12:54 pm

Artisans to be trained abroad

Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA) announced Thursday the start of a program in South Korea for the training of Saudi male and female artisans to revive and develop the accuracy of ancient crafts. He indicated that the program will be...

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Business & Money | Friday 17 April, 2015 12:49 pm

KSA to open stock market to foreigners on June 15

Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares, the Capital Market Authority (CMA) said.Final rules covering the opening of the market will be published on May 4, the CMA added.The authority...

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Business & Money | Friday 17 April, 2015 12:16 am

Roomz educates women on the effects of interior design

Roomz, the pioneer brand in home furniture and one of Al Mutlaq Holding’s companies, has held “Basics of Interior Design” seminar at Roomz showroom in Riyadh, in collaboration with Mrs. Renad Al Sekait, a lecturer in the interior design college at Prince Sultan University. Journalists,...

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Business & Money | Friday 17 April, 2015 12:02 am

AQUABLADE™, TOILET SYSTEM WINS PRESTIGIOUS AIT AWARD

ISH, the World’s Leading Trade Fair for The Bathroom Experience, Building Services, Energy, Air Conditioning Technology and Renewable Energies, was held at Messe Frankfurt’s Exhibition Centre with over 2,400 exhibitors and 198.000 visitors! Ideal Standard’s revolutionary new AquaBladeTM flush ...

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Business & Money | Thursday 16 April, 2015 2:29 pm

JOTUN INCREASES PRODUCTION CAPACITY WHILE CONTINUING ITS QUEST FOR INNOVATION

Jotun, the leading powder coatings and paint manufacturer in the Kingdom, has expanded its Powder Unit in Dammam to substantially increase capacity to meet growing demand. This expansion strengthens Jotun’s position as the largest manufacturer of powder coatings in the Kingdom and will allow the...

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Business & Money | Thursday 16 April, 2015 1:48 pm

Mindshare’s Exciting KSA Media Summit Attracts Global Experts

Mindshare, which is part of WPP, is a global media agency network helping clients to make collaborative and adaptive decisions across their paid, owned, and earned marketing in real-time. The agency is gearing up for another original event: “Staying Agile,” a dynamic media summit that will be...

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Business & Money | Thursday 16 April, 2015 9:05 am

NIDO CELEBRATES 70 YEARS

OF PROVIDING GOOD NUTRITION TO CHILDRENNestlé NIDO® marks milestone anniversary in the Middle East by giving you the chance to contribute to the donation of 7 million glasses of milk with a simple click Dubai, United Arab Emirates, April 2015: For 70 years, Nestlé NIDO® has been celebrating...

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