Category Archives: Economic News

MasterCard has revealed the results of the latest MasterCard IndexTM of Consumer Confidence, which indicates that consumer sentiment in the Kingdom of Saudi Arabia is very high at 93.3. Consumers in the Kingdom are optimistic about all five indicators measured … Continue reading →

The technology company The Linde Group has been awarded a contract to build the world’s largest carbon dioxide (CO2) purification and liquefaction plant for Jubail United Petrochemical Company (UNITED), a manufacturing affiliate of SABIC (Saudi Basic Industries Corporation). The plant … Continue reading →

The United Jubail Petrochemical Company (UNITED), a manufacturing affiliate of the Saudi Basic Industries Corporation (SABIC), has awarded the Engineering, Procurement and Construction contract for its Carbon Dioxide Utilization Project to Germany’s The Linde Group to build the world’s largest … Continue reading →

The Dubai Economic Council signed an MOU with REDmoney Group a publishing and events company focusing purely on the global Islamic financial market, and the parent company of Islamic Finance news. Signing the MOU on behalf of DEC was H.E. … Continue reading →

Amadeus, a leading technology partner for the global travel and tourism industry, has enabled travel agents to electronically book and issue tickets on Al Masria Universal Airlines, an Egypt-based private airline, for flights from Egypt to select cities in Saudi … Continue reading →

The Ritz-Carlton, Riyadh has unveiled a special offer for the upcoming Eid Holidays for residents and guests looking to celebrate with friends and family in a luxurious setting. The Eid holiday package starts at 1,800 SAR per room per night … Continue reading →

After four years of stalled growth, the $62 trillion global asset-management industry has finally entered a recovery stage, but it promises to be a bumpy one for traditional managers of the industry’s largest asset pools, according to a report by … Continue reading →

Saudi Aviation Flight Academy (SAFA) has been declared as a Part 141 approved Pilot School by the General Authority of Civil Aviation (GACA) in the Kingdom of Saudi Arabia.  SAFA is currently the only Pilot School in KSA with a … Continue reading →

Nicolas Mackel is the new CEO of Luxembourg for Finance, the agency for the development of the financial centre, as of July 1st 2013. Nicolas is a career diplomat. He graduated with a law degree from the University of Aix-en-Provence, and holds two … Continue reading →

Women’s economic empowerment is a hot topic in China – which is home to 29 million female entrepreneurs. According to a Grant Thornton report, the country has the world’s highest proportion of women in senior management positions. However, despite Chinese … Continue reading →