Category Archives: Economic News

Henkel Hosts Local and Regional Media Partners to Sessions Surrounding ‘Creating Sustainable Value’

Henkel recently hosted several of its media partners from UAE, India, Algeria and GCC to press sessions surrounding the company’s purpose “Creating sustainable value”. Over the two-days event, Henkel provided them with an overview of their approach towards creating sustainable … Continue reading

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German water industry heading for market entry in KSA

Hosted by the German-Saudi Arabian Liaison Office for Economic Affairs (GESALO) and in cooperation with the German Water Partnership (GWP) and MENA Projektpartner a Delegation of German companies from the water and wastewater sectors explored business opportunities in Riyadh last … Continue reading

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LG ELECTRONICS ANNOUNCES THIRD-QUARTER 2017 FINANCIAL RESULTS Home Entertainment Achieves Record Profitability; Home Appliances Report Strongest Third Quarter Revenues Ever

LG Electronics Inc. (LG) today announced consolidated third-quarter 2017 revenues of KRW 15.22 trillion (USD 13.44 billion), an increase of more than 15 percent compared with the third quarter the previous year. All of LG’s four major business units reported … Continue reading

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Guardian Glass will clad Jeddah Tower, Soon-to-be tallest building in the world

Developers of Jeddah Tower – what will be the world’s tallest building – have selected Guardian Glass to supply the façade glass for the project’s over one-kilometer-high landscape. Guardian Glass is one of the world’s largest manufacturers of float and … Continue reading

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Radisson Blu Hotel, Riyadh Announces New Hotel Manager

Carlson Rezidor Hotel Group, one of the fastest growing hotel companies in the world, has appointed Ayman Sallam as the Hotel Manager of the Radisson Blu Hotel, Riyadh. Sallam joins the Radisson Blu Hotel, Riyadh after managing several reputable hotels … Continue reading

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Abu Dhabi Cruise Sector embarks upon a Regional Trade Roadshow Department of Culture and Tourism – Abu Dhabi will promote the Emirate’s cruise market sector in KSA and Kuwait

Abu Dhabi’s cruise tourism sector, led by the Department of Culture and Tourism – Abu Dhabi , is continuing its series of international promotions and conventions ahead of the start of the 2017/18 cruise season with a four-city regional travel … Continue reading

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SHUAA Capital and Rotana announce the opening of “Centro Waha Riyadh” – the second hotel in the Kingdom under the “Centro by Rotana” Brand

Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa and Turkey, and SHUAA Capital Saudi Arabia (SCSA), a leading investment manager, have announced the opening of the Centro Waha Riyadh Hotel. … Continue reading

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With the Participation of 29 International Countries The Saudi Agricultural Exhibition Kicks Off next week

The Saudi Agricultural trade show 2017, organized by the Riyadh Exhibitions Company, will be inaugurated next week by the Minister of Environment, Water & Agriculture, Engineer Abdulrahman Al-Fadhli at the Riyadh International Exhibition and Convention Center from 8 to 11 … Continue reading

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Bahri and Bolloré Group celebrate launch of BahriBolloré Logistics in Riyadh The joint venture will provide end-to-end logistics and supply chain management solutions to local and international companies operating in the Kingdom

Bahri, a global leader in transportation and logistics and Bolloré Group, a global player in international freight forwarding and logistics celebrated yesterday the official inauguration of BahriBolloré Logistics, the companies’ joint venture. Bahri owns a 60-percent stake in the joint … Continue reading

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flyadeal – the Kingdom’s New Low Fare Airline Announces National Day Fare Promotion New airline establishes low fare position with very attractive prices First route to operate between Jeddah and Riyadh

flyadeal, the Kingdom of Saudi Arabia’s new Low Fare Airline opened for sale with a breathtaking launch promotion in support of its first flight on National Day 2017. All seats on the two special flights that will be operated on … Continue reading

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