Category Archives: Economic News

Saudi Organometallic Chemicals Company (SOCC), a 50-50 joint venture between Saudi Specialty Chemicals Company, a manufacturing affiliate of Saudi Basic Industries Corporation (SABIC), and Albemarle Netherlands BV, a wholly owned subsidiary of Albemarle Corporation, has started up its aluminium alkyls … Continue reading →

Wealth in the Middle East and Africa saw near-double-digit growth at 9.1 percent in 2012, according to according to The Boston Consulting Group’s (BCG) thirteenth annual global wealth management report.   In Maintaining Momentum in a Complex World: Global Wealth … Continue reading →

The German-Saudi Arabian Liaison Office for Economic Affairs (AHK Saudi Arabia) organized the trip of a Business Delegation with 24 high ranking officials from top Saudi companies. Saudi Ports Authority, Saudi Airlines Cargo Company and Four Winds Saudi Arabia Ltd. … Continue reading →

Gulf Advantage Automobile (GAA) importer of Renault in the Kingdom, announced an exciting campaign for one of its top selling models– Renault Fluence. The promotional price of the Fluence is at an astonishing 56000 SAR and allcustomers purchasing the car … Continue reading →

The Nestlé Centre of Excellence programmes graduated its first batch of Saudi women trainees in Jeddah, Saudi Arabia. A successful conclusion to a four-week programme for female university graduates which started in March 2013. The 15 participants undertook different training … Continue reading →

The Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai’s Department of Tourism and Commerce Marketing (DTCM), held a press conference at Al Faisaliah Hotel in Riyadh to highlight its unprecedented “Summer is Dubai” campaign, which will take place … Continue reading →

Between 1 April 2012 and 31 March 2013, Alstom booked €23.8 billion of orders, up 10% compared to last year. As announced, the group achieved a strong level of orders in the fourth quarter at €6.6 billion, leading to a … Continue reading →

Once again the combined German Breakfast & Catalogue Show, organized by the German-Saudi Arabian Liaison Office for Economic Affairs (AHK Saudi Arabia), was a huge success. This year the product portfolio of the 20 German exhibiting companies ranges from construction, … Continue reading →

EASTERN MANGROVES HOTEL & SPA BY ANANTARA An urban sanctuary in the heart of the capital. Majestically set on the waterfront, Eastern Mangroves Hotel & Spa by Anantara is a natural haven on the cusp of urban life. Forming part … Continue reading →

The Oran tramway, which is operated by RATP Group,  was officially inaugurated on 1 May 2013 by the Algerian Transport Minister Amar Tou in the presence of Mr Abdelmalek Boudiaf, the Wali of Oran. Also present at the inauguration was  … Continue reading →