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Dar Al Arkan to develop $985m residential project in Saudi Arabia
Leading Saudi real estate group Dar Al Arkan has joined hands with Madinat Al Wouroud Housing Development Company to set up a premium residential project in Taif governorate in the kingdom at an investment of SR3.7 billion ($985 million).
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Alhokair buys major stake in UK online store VogaCloset
Fawaz Abdulaziz Alhokair Co, a leading franchise retailer in Saudi Arabia, has announced that it has acquired a major stake in VogaCloset, a UK-based online store tailored directly to the Middle East and North Africa, for SR69 million ($18.3 million).
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World Future Energy Summit to show clean energy innovations
The World Future Energy Summit will host innovations from around the world, as well as international technology pavilions from Germany, Switzerland, Italy, Netherlands, France, Austria, Nigeria, India, Japan, Korea and China.
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Saudi Arabia supports Pakistan economy with $3bn deposit
The Saudi Fund for Development (SFD) has announced the issuance of a Royal Directive to deposit $3 billion into the State Bank of Pakistan to help the Pakistani government support its foreign currency reserves and aid it in facing the Covid-19 impact.
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ME only region with improved confidence in Q2, Q3: GECS
The Middle East emerged as the only region to record improved confidence across six straight months spanning the second and third quarters (Q2 and Q3) of 2021, said the latest Global Economic Conditions Survey (GECS).
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Nadec swings to Q3 net profit; regional sales up 1.7pc
Nadec, a leading Saudi agricultural food-processing company, has posted solid results for Q3 mainly due to its sales growth. Its net profit for the three-month period hit SR3.2 million (854,806) compared to a net loss of SR45 million ($12 million).
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Emirates to recruit 6,000 staff over next six months
Emirates plans to boost its operational workforce by recruiting more than 6,000 staff over the next six months. As restrictions ease, additional pilots, cabin crew, engineering specialists and ground staff will be needed to support its operations.
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Neom JV seals $200m satellite network deal with OneWeb
Saudi Arabia's futuristic $500-billion city Neom said one of its subsidiaries has signed a JV agreement with OneWeb, the global communications network powered from space, to bring high-speed satellite connectivity to Neom and the wider Mideast countries.
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The New Range Rover leads by example
The elegant New Range Rover defines modern luxury, providing more refinement, customer choice and scope for personalisation than ever before.
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Cortec launches new organics recycling programme
Cortec Corporation has announced the launch of its new organics recycling programme at its global headquarters near Saint Paul, Minnesota.
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Social media top tool for growth for female entrepreneurs
Ninety-five per cent of female entrepreneurs in the region identify social media channels as the top tool for their business ventures, said experts, citing a study conducted among Female Fusion’s network of 20,000+ members across the region.
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Bentley announces global expansion of education programme
Bentley Systems, the infrastructure engineering software company, has announced the global expansion of its education programme - offering seamless access to learning licenses of 60 of its applications - free of cost, to eligible students and educators.
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Women set to tee-off for glory at Dubai Classic
Some of the best women golfers will be in the spotlight as the 15th edition of the Dubai Moonlight Classic, presented by EGA, gets under way on Wednesday in a three-day celebration under the floodlights at Emirates Golf Course.
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