Environment & Energy | Saturday 23 January, 2016 11:23 am

Oil prices jump 7% as cold weather boosts energy demand

Global equity markets and oil prices climbed for a second day on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Oil, which had tumbled during a recent rout in world markets, jumped about 7 percent and traded above ...

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Cars & Autos | Saturday 23 January, 2016 3:43 am

The Audi lunar quattro

Audi is taking on an entirely new type of challenge: a mission to the moon. The company is assisting the Berlin-based engineering group “Part-Time Scientists” in the “Google Lunar XPRIZE.” This space travel competition was organized for engineers and business enterprises...

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Business & Money | Friday 22 January, 2016 2:46 pm

Rimini Street Announces Record Preliminary Fourth Quarter and Full Year 2015 Financial Results

Rimini Street, Inc., the leading independent provider of enterprise software support services for SAP SE’s (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business...

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Business & Money | Friday 22 January, 2016 2:43 pm

Prince Khaled briefed on SR74 billion projects in Jeddah

Prince Khaled Al-Faisal, emir of Makkah and adviser of Custodian of the Two Holy Mosques, was briefed on 857 development projects worth a total of SR74 billion allotted to the Jeddah governorate. These projects included those that have been implemented, under various phases of implementation or...

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Technology & IT | Friday 22 January, 2016 2:06 pm

Kingdom to build IT center

 In a major advancement in the telecommunication industry, the Kingdom will build a new center for development of telecommunications and information technology. The agreement for the proposed center was signed between the King Abdulaziz City for Science and Technology (KACST) and Huawei...

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Cars & Autos | Friday 22 January, 2016 6:31 am

Saudi Arabia Ferrari Passione Weekend at The YAS Marina Circuit

The YAS Marina Circuit played host to a very special motor sports event on 8th January, where Ferrari Owners from Saudi Arabia participated in and exclusive track event involving a series of driving activities, at the beginning of the technical and field experiments for the 2016...

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Technology & IT | Friday 22 January, 2016 5:17 am

Microsoft Philanthropies announces commitment to donate $1 billion in cloud computing resources to serve the public good

Microsoft Corp. CEO Satya Nadella announced a new three-part initiative to ensure that Microsoft’s cloud computing resources serve the public good. As part of this initiative the recently formed Microsoft Philanthropies will donate $1 billion of Microsoft Cloud Services, measured at fair...

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Business & Money | Friday 22 January, 2016 5:02 am

Red Sea Foundation Launched to Drive Growth in Regional Trade

The development of a trade facilitation framework for the Red Sea region is essential for the sustainable development of the largest emerging market in the world, according to Mr Fahd Al Rasheed, Managing Director and Group CEO of King Abdullah Economic City. Speaking at a special event at the...

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Technology & IT | Friday 22 January, 2016 4:35 am

Ericsson small cell solutions empower digitization beyond the operator space

Ericsson’s Customer Unit in the United Arab Emirates recently showcased its small cells offerings and solutions at SCWS MENA, which was held from January 18-19 at Conrad Hotel in Dubai. Ericsson showcased how its small cells solutions will not only be key in delivering the mobile broadband ...

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Cars & Autos | Friday 22 January, 2016 3:17 am

All-new Nissan Maxima engine named to “Wards 10 Best Engines” list for 2016

WardsAuto has named the 2016 Nissan Maxima’s new 3.5-liter VQ-series V6 engine to its annual “Wards 10 Best Engines” list for 2016, a prestigious honor that has been a staple in the automotive industry since it first began in 1994. The honor marks Nissan’s 17th Wards 10 Best ...

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