Category Archives: Economic News

Kia Motors Corporation’s joint venture in China, Dongfeng Yueda Kia (DYK), today unveiled the KX3 concept in Guangzhou, China, previewing a C-segment SUV that Kia envisions to offer exclusively for the Chinese market. Making its global premiere at the 2014 … Continue reading →

In a bid to encourage Saudi visitors to explore the GREAT British countryside, VisitBritain today unveiled the second edition of the ‘Dunes to GREAT Britain’ marketing campaign in Riyadh during a launch event at the British Ambassador’s Residence. In 2013, … Continue reading →

Arcapita, the global alternative investment manager, announced today that it has successfully raised its targeted $100 million in equity capital from shareholders in the GCC region to fund its growth strategy. Arcapita is now focused on two clear areas of … Continue reading →

Mashreq, one of the UAE’s leading financial institutions, has reported a 35% increase in its Net Profit for the first nine months of 2014, climbing to AED 1.76 billion compared to AED 1.30 billion at the end of September 2013. The bank’s … Continue reading →

The German Saudi Arabian Liaison Office of Economic Affairs (AHK Saudi Arabia) has organized the first press conference of NürnbergMesse, one of the largest exhibition organizers in the world. Mr. Thomas Schlitt, Director International Sales & Business Development of NürnbergMesse, … Continue reading →

Cruise Arabia – the collaborative initiative formed by Oman’s Ministry of Tourism, Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) and Dubai’s Department of Tourism and Commerce Marketing (DTCM) to promote the Arabian Gulf as a cruise destination – … Continue reading →

  The latest World Gold Council Gold Demand Trends report, covering the period April – June 2014, shows that global gold demand continues to demonstrate a return to long-term trends after an exceptional year in 2013. Total global gold demand … Continue reading →

Investcorp, a leading provider and manager of alternative investment products with more than $11 billion of assets under management, announced today details of its executive management succession planning. Following Nemir Kirdar’s decision to retire as Executive Chairman and CEO at … Continue reading →

Shell Lubricants in the Middle East, Central Asiaand Pakistan, today announced the launch of a next generation motor oil, Shell Helix Ultra with Shell PurePlus Technology – the company’s most advanced motor oil ever, featuring a base oil developed from … Continue reading →

The Middle East’s hospitality sector is among the world’s fastest-growing audiovisual markets thanks to increasingly technology-savvy tourists, according to industry experts. In the audiovisual market, the hospitality sector is among the fastest-growing in the Middle East and Africa, and is … Continue reading →