Business & Money | Thursday 1 December, 2016 10:42 am

Prince Sultan bin Salman wins Gulf Man of Year

Prince Sultan bin Salman bin Abdul Aziz, Chairman of the Board of Trustees of King Salman Center for Disability Research, has won the award of Gulf Man of Year supporting humanitarian work in the disability field for the 2016. Prince Sultan bin Salman won the award in recognition of his...

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Environment & Energy | Thursday 1 December, 2016 10:37 am

OPEC production deal sends oil prices, shares higher

The oil price surged on Wednesday and global shares climbed after the Organization of the Petroleum Exporting Countries (OPEC) reached a deal to cut production, according to dpa. The world oil benchmark Brent jumped about 8 per cent to breach the key 50-dollars-a-barrel mark for the...

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Business & Money | Thursday 1 December, 2016 10:32 am

Bosphorus Summit identifies Vision 2030’s strong points

The 7th Bosphorus Summit in Istanbul held a special session on the Kingdom of Saudi Arabia’s Vision 2030 and Turkey’s Vision 2023 in the presence of Saudi Minister of Commerce and Investment Majid Al-Qassabi.  Al-Qassabi headed the Saudi delegation to the summit. During the...

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Tourism & Hospitality | Thursday 1 December, 2016 10:05 am

Arab Aviation Summit announces speakers for 2016 edition in Jordan

Top executives from the regional aviation and tourism sector will gather in Jordan next week to explore latest industry developments and future trends at the Arab Aviation Summit, the most prominent aviation event in Middle East and North Africa (MENA), to be held on  December 5th at the Dead...

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Business & Money | Thursday 1 December, 2016 9:46 am

King allocates SR100b from reserves to PIF

Custodian of the Two Holy Mosques King Salman on Wednesday approved the allocation of SR100 billion ($26.67 billion) from the Kingdom’s reserves to the Public Investment Fund (PIF), according to a statement carried by Saudi Press Agency. The funds will be used to support both foreign and...

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Business & Money | Thursday 1 December, 2016 9:08 am

The Coca-Cola Company and National Beverage Company Expand Investment

The Coca-Cola Company and National Beverage Company (NBC) officially inaugurated a new Coca-Cola bottling facility located in Gaza, which represents a US$20 million investment in the region. The new bottling facility further expands National Beverage Company’s Palestinian operations to...

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Business & Money | Thursday 1 December, 2016 9:01 am

Averda Expands its Service Portfolio in the Sultanate of Oman

Until recently, Averda was known to the Omani waste management market as the operator of the Al Multaqa and Liwa Medical Waste Treatment Plants, collecting and treating in excess of 4000 tons of hazardous medical waste per year.   Now Averda has expanded its waste management services in...

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Sports | Thursday 1 December, 2016 8:40 am

Designed to Inspire Tomorrow’s Racing Drivers, Engineers and Designers – Ford’s Le Mans Victories in LEGO® Bricks

 It’s a gift 50 years in the making that could set your child on the path to becoming a racing legend. The iconic Ford GT40 and new Ford GT that won Le Mans 24 Hours in 1966 and 2016 are being brought to life in LEGO® bricks. The new LEGO Speed Champions set will include both cars ...

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Business & Money | Wednesday 30 November, 2016 12:33 pm

GE, Trade Bank of Iraq and Standard Chartered Bank sign financing MoU to accelerate power and infrastructure projects in Iraq

GE, Trade Bank of Iraq (TBI) and Standard Chartered Bank (SCB) have signed a financing MoU to accelerate the development of power and infrastructure projects in the country that will help meet the growing demand for power in Iraq.   The MoU also underlines the financial partnerships...

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Technology & IT | Wednesday 30 November, 2016 12:29 pm

Siemens at 5th International Gas Processing Symposium

Siemens participated in the 5th International Gas Processing Symposium, which was organized and hosted by the Gas Processing Center (GPC) at Qatar University College of Engineering (QU-CENG) and inaugurated by Qatar’s Minister of Energy and Industry, His Excellency Dr Mohammed bin Saleh Al...

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