Category Archives: Economic News

SABIC has announced the distribution of SR 6 billion cash dividends to shareholders for the first half of 2016 at SR 2 per share, representing 20 percent of the nominal share value. Eligibility for the profits will be for shareholders … Continue reading →

Makkah is poised to become one of the world’s leading religious hospitality and tourism destinations as Saudi Arabia boosts tourism efforts and aims to enhance the Umrah and Hajj experience for pilgrims, according to industry experts. The Holy City is … Continue reading →

The inherited Traditions and customs of the Gulf community are part of the culture and the people are highly attached to it especially during those practiced during Eid period. During Eid, the people usually scatter Oud and perfumes in their … Continue reading →

The Arab Petroleum Investments Corporation (APICORP) and The National Shipping Company of Saudi Arabia (Bahri) announced the launch of a landmark shipping fund. An agreement to establish the APICORP Bahri Oil Shipping Fund (ABOSF) between APICORP and Bahri was formally … Continue reading →

Arabian Oud, the world’s largest retail chain specialized in oriental perfume, launched an initiative that aims at supporting Saudi Scholarship Students, through offering them job opportunities at Arabian Oud’s International stores. This initiative has already started at Arabian Oud London … Continue reading →

His Excellency the Minister of Transport and Chairman of the Board of the General Authority for Civil Aviation Mr. Sulaiman Bin Abdulla Al Hamdan, awarded the Air Operator Certificate to the Chairman of the Board of SaudiGulf Airlines, Mr. Tariq … Continue reading →

Juffali Automotive Co. (JACO) the exclusive distributor for Mercedes-Benz Passenger Cars in the Kingdom of Saudi Arabia, has recently launched the all-new SUV GLS Mercedes-Benz in the Saudi markets. Like the GL before it, the new GLS is setting standards in … Continue reading →

The National Real Estate committee at the Council of Saudi Chambers successfully concluded Sairec 4, the Prominent Real Estate conference that was held under the patronage of Minister of Housing, Mr. Majed AL Hogail, earlier this month at Burj Rafal … Continue reading →

Arabian Oud Company, the world’s largest retail chain specialized in oriental perfumes, was awarded the best retail store for 2016 during the second annual KSA Enterprise Agility Awards, organized by BNC Publishing as part of the Entrepreneur MENA magazine awards, that … Continue reading →

Reaching out to international markets and tapping into a global audience, was the main driver of the expansion strategy adopted by Arabian Oud, the largest retail chain specialized in eastern perfumes. Its main mission is to carry the Saudi Flag … Continue reading →