Business & Money | Monday 1 August, 2016 7:00 am

Petrochemical shares drag Tadawul lower

Stock markets in the Gulf fell on Sunday, weighed down by weak oil prices and lacklustre second-quarter corporate results over the last few weeks, while Egypt’s main index pulled back on profit-taking after a strong run. Saudi Arabia’s Tadawul All-Share Index declined 0.5 percent to a...

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Cars & Autos | Monday 1 August, 2016 5:08 am

Aljomaih celebrated the sale of the 1st Cadillac CT6 In Saudi Arabia

Aljomaih Automotive, the largest dealer of General Motors in KSA and the Middle East have recently celebrated the sale and delivery of the first Cadillac CT6 2017, at Aljomaih showroom in Riyadh.   On this occasion, Sheikh Waleed Aljomaih, Chief Operation Officer at Aljomaih Automotive...

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Cars & Autos | Monday 1 August, 2016 2:53 am

Toyota Enhances its Virtual Crash Dummy Software with Child Models

In a move aimed at developing safer vehicles, Toyota will utilize new additions to its Total Human Model for Safety (THUMS) virtual crash dummy software to eliminate traffic fatalities and injuries while making an even more diverse range of testing possible. Toyota has added three new models to...

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Tourism & Hospitality | Monday 1 August, 2016 2:27 am

MICE Industry Enhances the Kingdom's position as the business hub of the region

Along with the Economic and Cultural developments witnessed in the Kingdom and the region, The MICE industry recorded considerable growth over the past few years, by approving 6584 events in 2015 thus achieving a 23% increase compared to the previous year. As one of the major economic sectors...

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Cars & Autos | Sunday 31 July, 2016 1:31 pm

Porsche Cayenne off-road capabilities put to the test in Saudi Arabia

Already renowned for its sporty performance, the Porsche Cayenne’s off-road credentials were tested to their limits at a drive event organised by Porsche Saudi Arabia. Taking place at the King Abdullah Economic City off-road track, the experience featured a series of scenarios that...

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Business & Money | Sunday 31 July, 2016 10:48 am

Award Number Seven and Eight for Sidra Capital in 2016

Sidra Capital was awarded the Best Structured Trade Investment Fund (Since Inception) for its Sidra-Ancile Global Structured Trade Fund and Best Asset Management Firm 2016 - Saudi Arabia at this this year’s Wealth & Finance Alternative Fund Awards. These two recognitions make it eight...

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Technology & IT | Sunday 31 July, 2016 10:42 am

Canon updates MAXIFY range of printers to deliver new print possibilities

Canon Middle East, world leader in imaging solutions, today announces the launch of four new four–in-one multi-function devices (MFDs) and a new colour single-function printer (SFP). The new MAXIFY MB2140, MB2740, MB5140, MB5440 and iB4140 will replace the award-winning MAXIFY MB2040,...

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Tourism & Hospitality | Sunday 31 July, 2016 10:31 am

Hotel companies in Saudi Arabia continue to reinforce efforts in support of thriving local tourism and hospitality sectors

Over the last decade, the number of Umrah visitors entering the Kingdom of Saudi Arabia from all over the world has tripled, recently hitting the impressive eight-million mark. This figure is set to increase even further in the coming years, with the Saudi Government ramping up all efforts to...

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Business & Money | Sunday 31 July, 2016 5:13 am

Dubai Investments Park attracts 100 new companies in the last one year

Dubai Investments Park [DIP] – the largest integrated commercial, industrial and residential community in the Middle East, has announced that 100 new companies have either leased or sub-leased premises within the development in the last one year, reinforcing its growing reputation as the...

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Business & Money | Sunday 31 July, 2016 4:28 am

Saudis who can pay rent to get priority in housing allotment

The Ministry of Housing will give priority to citizens who can pay the rent while allotting residential units, according to a ministry source. The source said the ministry cannot take care of applicants who cannot afford to pay the rent, those who are imprisoned, too ill to maintain their...

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