Category Archives: Economic News

Senior banking leaders and representatives of major financial institutions are set to participate in the 9th Euromoney Saudi Arabia Conference, which will take place in Riyadh on 6 and 7 May 2014. The conference, which was named as the “best … Continue reading →

M/s Abdul Latif Jameel has announced that they have formed a joint venture with M/s Sumitomo Corporation of Japan and have acquired the distribution rights in Saudi Arabia for the leading Japanese brand of heavy equipment – Komatsu. The new … Continue reading →

In line with the new energy performance standard (MEPS) for the energy efficiency ratio (EER) for air conditioners in the Kingdom of Saudi Arabia, and that was implemented by the Saudi Standards, Metrology and Quality Organization (SASO) at the beginning … Continue reading →

EUROCHAMBRES presented 10 better European policy-making priorities for the next five year EU legislative term during a major conference the association hosted today in the European Parliament. The Secretary-General of the Parliament, chairs of two of its key committees, the … Continue reading →

The Dubai Festivals and Retail Establishment  (DFRE), an agency of the Department of Tourism and Commerce Marketing (DTCM) and the organizers of Dubai Shopping Festival, announced today that the main shopping malls in Dubai will be extending mall timings with … Continue reading →

The Dubai Mall will mark the Dubai Shopping Festival (DSF) 2014 with a range of unique fashion-oriented activities, boasting several prizes awaiting lucky visitors until February 2, 2014. Celebrating fashion in the most innovative way, the ‘Virtual Closet’ will allow … Continue reading →

Dubai Electricity and Water Authority (DEWA) organised a series of activities to mark the ‘Thank You Khalifa’ campaign launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in … Continue reading →

With an objective to reinforce and strengthen its presence in the Middle East and Africa region, Access Prepaid Worldwide, a MasterCard company, today announced the appointment of Rajeev Kumar as Regional Director and General Manager for the Middle East and … Continue reading →

Highlights Ferrum Crescent signs legally binding letter of intent with Anvwar Asian Investment (“AAI”) to progress Moonlight BFS Development US$10m to acquire 35% interest in Moonlight project US$3.5 additional funds to contribute to BFS costs First BFS payments scheduled by … Continue reading →

Wraps Arabia, the leading food and beverage company, has announced the opening of the first branch of Zaatar w Zeit in the Kingdom of Saudi Arabia. The urban Lebanese baked wrap outlet is located on Riyadh’s Prince Mohammed Bin Abdulaziz … Continue reading →