Business & Money | Sunday 14 August, 2016 10:21 am

Modules for first heat recovery steam generator on the way to Egypt

The modules for the first heat recovery steam generator (HRSG) for the Siemens Mega project in Egypt have begun their journey from South Korea to the Beni Suef power plant. On its arrival in mid-September, the boiler is scheduled to be installed at the plant. NEM, as part of Siemens, is delivering...

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Business & Money | Sunday 14 August, 2016 10:08 am

DAMAC Properties Dubai reports net profit of AED 1.94 billion in first half of 2016

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading developer of high-end property in the Middle East, today announced the financial results for the six months ending 30 June 2016.    During the first six months of 2016, DAMAC...

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Business & Money | Sunday 14 August, 2016 7:25 am

Mobil 1 expands football sponsorship to Al Ettifaq

The Arabian Petroleum Supply Company (APSCO), marketer of the world’s famous engine oil Mobil 1, announced that it has signed an agreement with the Al Ettifaq Football Club to sponsor this football team for the next five seasons. The agreement establishes that APSCO’s brand image...

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Environment & Energy | Sunday 14 August, 2016 7:22 am

SEC fuels wind, solar projects in line with Vision 2030

In line with the Kingdom’s Vision 2030, the Saudi Electricity Company (SEC) have begun technical studies to take advantage of renewable energy and in line with that has identified sites that could produce solar energy in the various regions of the Kingdom. SEC CEO Ziad Al-Shiha told...

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Beauty & Style | Sunday 14 August, 2016 7:15 am

Shoe Mart launches Back to School collection across all stores

Giving every reason to celebrate children’s ‘Back to School’ ritual; Shoe Mart has more reasons than one to look forward to a trendy, smart and comfortable academic year ahead.   Shoe Mart’s offerings makes back to school shopping easy, with an eclectic range in...

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Tourism & Hospitality | Sunday 14 August, 2016 6:53 am

Jet Airways Records Fifth Consequtive Profitable Quarter

Jet Airways Group has announced its fifth successive profitable quarter for the period ending June 30, 2016 based on continuing improvement in aircraft utilization, increased efficiency and reduction in cost, including non-fuel expenses.    Consistent financial performance has...

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Business & Money | Sunday 14 August, 2016 6:43 am

SAMA committed to riyal’s dollar peg

Saudi Arabia is committed to keeping the riyal pegged to the US dollar and that it has “sufficient tools” to support its fixed exchange rate policy, said Ahmed Al-Kholifey, governor of Saudi Arabian Monetary Agency (SAMA), on Friday. “The governor said the organization reiterates ...

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Tourism & Hospitality | Sunday 14 August, 2016 6:41 am

World festival to highlight Kingdom’s maritime strength

The World Maritime Festival will be held in September at the Maritime Front at Alkhobar City under the patronage of EP Gov. Prince Saud bin Naif. Musaed bin Abdulrahman Al-Drees, director of Ports Authority and deputy chief of the festival committee signed an agreement with the founding partner...

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Business & Money | Sunday 14 August, 2016 5:28 am

Govt launches campaigns for women workers’ safety

The Ministry of Labor and Social Development initiated a series of campaigns to raise awareness about safety and health among workers in industrial plants, especially those employing women. Under the program, the ministry concentrated on industrial units in Riyadh and held campaigns in several...

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Technology & IT | Sunday 14 August, 2016 4:10 am

Mobily : 100% Additional Free Credit for the Subscribers in “Haj and Umrah” package

Etihad Etisalat "Mobily continues to provide ongoing promotions on (Hajj and Umrah) package allocated for pilgrims coming to the Kingdom, where the company enables the subscribers in this package to get 100% additional free credit when charging by SAR 10 or more. Mobily clarified that free...

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