Category Archives: Economic News

Investcorp, a global provider and manager of alternative investment products, announced today that it remains on track to complete the previously announced sale of Berlin Packaging, a leading supplier of rigid packaging products and services in North America, to Oak … Continue reading →

Marriott International, Africa’s largest hotel company following its strategic acquisition of Protea Hotel Group, continues to gather momentum with a packed schedule of 30 property openings across the continent by 2020, 9 of which will open by end of 2015. … Continue reading →

Jeddah residents and visitors now have reprieve from their daily commuting woes as Uber, the international smartphone app that seamlessly connects passengers with a private driver, officially launches its lower cost option uberX in the city today. The new product … Continue reading →

The President and CEO of Samsung Electronics Co., Ltd., Boo-Keun Yoon, delivered the opening keynote speech at IFA 2014, calling on the consumer electronics industry to agree on open industry standards so that the ‘Home of the Future’ can meet … Continue reading →

Huawei has launched its latest Ascend Mate7 smartphone at IFA (Internationale Funkausstellung Berlin) 2014 with plans to offer the flagship device in the KSA by October. The smartphone is the latest addition to Huawei’s growing device range as the company showcases … Continue reading →

Today, Nissan launched its All-New X-Trail in the Middle East. The new compact SUV is available at all Nissan dealerships across the region from today. Muscular, modern and packed with technology, the new Nissan X-Trail originally made its world debut … Continue reading →

Saudi Aramco, GE (NYSE: GE), and Tata Consultancy Services (TCS) today inaugurated the Kingdom of Saudi Arabia’s first all-female business process service center. The Riyadh-based center, which is supported by the Human Resources Development Fund Programs, complements Saudi Arabia’s localization … Continue reading →

Istanbul/Hannover. Turkey is booming. Uniquely positioned at the juncture between Orient and Occident, Turkey’s economy, which comprises a diverse mix of manufacturing and service industries, has witnessed economic growth rates in recent years that are unparalleled in Europe. This growth … Continue reading →

The Energy reform introduces a deep transformation of the oil and electricity sectors in Mexico that will increase productivity and the quality of energy products and services for the benefit of all Mexicans. This will translate into an additional contribution … Continue reading →