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Robust Middle East activity despite global dip: Baker McKenzie Report

Cross-border M&A made up 49% of all deal value and 35% of all deal volume in Q1 2017 North America was a safe haven for deals in Q1 2017  UAE dominates deal volume for cross-regional Middle East M&A KSA leads by deal value for cross-regional Middle East M&A   Jeddah: Global cross-border M&A activity continued to dip as political turbulence and economic uncertainty become the new normal for dealmakers, whilst deal flow in the Middle East remained stable, according to Baker McKenzie's Cross-Border M&A Index*.  The global Index, which tracks quarterly deal activity using a baseline score of 100, decreased to 218 for Q1 2017, down 17% from the prior quarter and 9% from Q1 2016. In Q1 2017, cross-border M&A made up 49% of all deal value and 35% of all deal volume. North America ......read more

Wadi and Al Rajhi Bank announce new partnership

Wadi.com, KSA’s fastest growing e-commerce platform, announces its latest and first of its kind partnership with KSA’s leading bank Kingdom of Saudi Arabia, April 9, 2017 – Wadi.com, KSA’s home-grown online shopping marketplace, today announced a new strategic partnership with one of KSA’s most trusted banks, Al Rajhi Bank. This unique collaboration between the region’s fastest growing e-commerce platform and KSA’s largest islamic bank is a sign of the growing importance of e-commerce in the country.  The long term strategic partnership will include a series of exclusive offers over the coming months and commences with a generous welcome offer for all Al Rajhi customers. From 6th – 15th April, 2017, all Al Rajhi credit and prepaid card holders will receive 10 percent off on all ......read more

Xylem Opens New Office in Saudi Arabia

Dubai, UAE/Saudi Arabia, 9th April 2017 – Xylem Inc. (NYSE: XYL), a leading global water technology company, today announced the opening of a new office in Riyadh, Saudi Arabia. The new office is part of Xylem’s $35 million investment in the Middle East North Africa region, which includes additional resources to help provide localized products, services and capabilities in key markets throughout the region. “The opening of our Saudi Arabia office is an important milestone for our regional investment and supports our long-term strategy of providing sustainable water technology solutions to help solve the region’s water challenges. The new office enables us to be closer to our customers and develop smarter, bespoke solutions that fit their unique needs, which also allows us to increase our capabilities.” ......read more

Lives and Livelihoods Fund Approves $243 Million for Anti-poverty Projects in Support of Eight Countries

2nd meeting of the LLF Impact Committee in Riyadh approves major pipeline of $242.6 million in development projects for 2017 Representatives from Saudi Arabia, Qatar, UAE, the Bill & Melinda Gates Foundation, the Islamic Solidarity Fund for Development, and the Islamic Development Bank agree on project pipeline to lift poorest OIC countries out of poverty Projects approved in Tajikistan, Sudan, Djibouti, Niger, Mauritania, Cameroon, Uganda, and Guinea LLF is the largest multilateral development initiative in the Middle East and North Africa – releasing $2.5 billion in finance over five years Riyadh, 02 April 2017: Representatives from the Kingdom of Saudi Arabia, the State of Qatar, the United Arab Emirates, the Bill & Melinda Gates Foundation, the Islamic Solidarity Fund for Development, and the Islamic ......read more

Saudi Arabia to host TOP CEO Conference and Awards for the First Time

Event will gather together CEOs, CMOs, Presidents and VPs from across the region and beyond Riyadh KSA, April 1 2017:  For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on 10th and 11th April 2017 at Bay La Sun Hotel & Marina, King Abdullah Economic City.  The annual event, now in its third edition, serves to address the burning issues facing the corporate world today while also recognising the very best in GCC business leadership. It is organised by TRENDS magazine and INSEAD – the leading international business school – and will take place under the theme ‘Adapting to Disruption: New Roles, New Realities’, to reflect the ......read more

Accenture Launches Upgraded Banking Technology Platform at National Commercial Bank

Next-generation technology allows customers to benefit from faster, more advanced services Dubai, UAE, March 30, 2017:  Accenture (NYSE: ACN), the global professional services company, has successfully completed the core system replacement of the retail banking operations at the National Commercial Bank (NCB). The highly complex project which took approximately two years to complete, was part of NCB’s NextGen program, which was also undertaken with Accenture.  The implementation of the project marks significant successes and achievements across various fields within the business. The improved platform provides clients with a distinct banking experience, enriched with additional features and a 50 percent reduction in turnaround time for key processes.  The platform, which will be deployed across NCB’s ......read more

Amazon to Acquire SOUQ.com

Dubai, UAE, March 29, 2017:  Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide. “Amazon’s entry into the region reflects the visionary foresight of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, who launched Dubai Internet City in 1999 and adopted the e-commerce and online business legislation of 2002," said His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. "Furthermore, it reiterates Dubai’s position as a regional and global hub for the world’s biggest and leading ......read more

ITFC and ATTIJARIWAFA BANK (AWB) to strengthen partnership by signing a letter of intent

ITFC and ATTIJARIWAFA BANK (AWB) to strengthen partnership by signing a letter of intent for supporting trade between Arab and African countries ITFC and ATTIJARIWAFA BANK (AWB) sign a Letter of Intent within the Framework  of the Arab Africa Trade Bridges (AATB) Program for supporting trade  between Arab and African countries during the 5th International Africa Development Forum Casablanca, March 19, 2017:  The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IDB) Group and Attijariwafa Bank Group (AWB) sign a cooperation framework to support trade development between Arab and African countries. The signing took place at the occasion of of the 5th International African Development Forum in Casablanca, Kingdom of Morocco, between Eng. Hani Salem Sonbol, CEO ITFC and Mr. ......read more

The Euromoney Saudi Arabia Conference Set to Examine Saudi Vision 2030

Government Leaders and Senior Bankers will Review Progress of National Transformation Programme and Opportunities for Businesses   Riyadh, Kingdom of Saudi Arabia, March 14, 2017:  One year on from the official announcement of the “Saudi Vision 2030” to diversify the economy and reduce the Kingdom’s reliance on oil, The Euromoney Saudi Arabia Conference is set to return to Riyadh to analyse progress made to date. The major conference will bring senior government representatives and leading financiers together to discuss a broad range of strategic issues, including the economic outlook for 2017, the progress of a number of mega-projects and the challenges and opportunities being created by Saudisation.  There will also be special sessions covering the Kingdom’s bond issuance programme, the ......read more

PROVEN SA: Providing Foreign Business Support Services in KSA

The leading business support service provider for corporate entities in Saudi Arabia  Providing turn key solutions for companies working within or looking to set up in the Kingdom of Saudi Arabia Specialising in range of services from corporate immigration to company representation and employee outsourcing Dubai, 14 February 2017:  Founded in 2009, Proven delivers business solutions to companies currently operating in or looking to branch out into the KSA. Proven are specialists in corporate immigration, employee outsourcing and recruitment, providing international companies with advanced regional insights and the necessary tools to successfully do business within the Kingdoms burgeoning markets.  Due to an increase in international interest, Proven expanded out of Saudi in 2016, and now holds offices in ......read more

Consortium buys billion dollar stake in Arab Bank Group

Jeddah, KSA, February 13, 2017:  Baker McKenzie advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab Bank Group from Oger Middle East Holdings. A consortium of investors bought a 20 percent stake in Arab Bank Group for $1.12 billion. These were led by Arab Bank Chairman Sabih al Masri, a businessman with stakes in other banks and the hotel industry, and owner of ASTRA, a diversified group of companies he founded with investments in a wide range of sectors that has 6,000 employees in 11 countries.  Arab Bank, headquartered in Jordan, is one of the Arab world's largest privately owned banks and operates in 30 countries. The bank has assets of more than $46 billion, with 600 branches on five continents. It owns 40 percent of Saudi Arabia's Arab National Bank ......read more

Cognizant to Enable McDonald's to Transform Customer Experience and Service Agility in the Kingdom of Saudi Arabia

February 06, 2017 - Cognizant (NASDAQ: CTSH) announced that it has been selected by Riyadh International Catering Corporation (RICC) as a strategic partner to enable McDonald’s restaurant chain in the Kingdom of Saudi Arabia (KSA) to become a digital enterprise, transforming customer experience and service agility.  RICC owns and operates McDonald’s in the Central, Eastern and Northern regions of the Kingdom under developmental license from McDonald’s Corporation of Delaware, US. RICC has 154 quick-service restaurants and plans to expand its footprint to more than 200 outlets by 2020. To help RICC meet the demands of rapid business growth, Cognizant will leverage its deep digital business, technology and restaurant industry expertise to design and build an enterprise planning and management platform. Using ......read more

Middle East Companies Secure Slots In Most Valuable Brand Report Alongside Global Players

STC moves up the ranks to assume the position of most valuable brand in The Middle East Emirates retains most valuable brand position in the UAE Etisalat rises 113 places with 45% increase in brand value Qatar National Bank enters the list for the first time with 56% increase in brand value Apple falls from world’s most valuable brand after 5 years at the summit Dubai, UAE, February 2, 2017:  Saudi Telecom Co. (STC), the kingdom’s biggest operator, is the Arab world’s most valuable brand, while Emirates, the world’s largest airline, continues to be most valuable brand in the United Arab Emirates (UAE), according to Brand Finance’s Global 500. The Global 500, an annual ranking from the leading valuation and strategy consultancy, ranks brands by monetary value and also calculates the most ......read more

Deloitte: Private sector investments in Saudi Arabia education sector in the spotlight

KSA, 18 January, 2017:  Greater private sector engagement in education reform in the Kingdom of Saudi Arabia is expected in coming years as the country proceeds with its Vision 2030 and National Transformation Program (NTP), which set out ambitious targets for economic development and greater fiscal balance. Reform of the education sector is integral to Vision 2030 as a means to improve employment opportunities for young Saudis, and the Saudi government has allotted an additional budget that is recognized in the Vision 2030 budgets in order to support the reform process. As a strategic partner for the “Investment & Finance in Educational Buildings” Conference in Riyadh, Deloitte shared its wide-ranging regional and global experience on public-private sector initiatives and education reform during the two-day ......read more

More than 100 delegates gather in Jeddah for Deutsche Bank's Global and Regional Investment Perspectives 2017 Conference

Dubai, UAE, December 15, 2016:  Deutsche Bank’s 2017 Market Outlook conference, titled “Global and Regional Investment Perspectives 2017”, the third event of its kind for Deutsche Bank in Saudi Arabia, opened yesterday at the Park Hyatt Hotel in Jeddah-Marina. The single day (December 13) conference explored pressing macro issues affecting economies, capital markets, companies, family offices and individual investors around the Middle East & North Africa (“MENA”) region and beyond.   More than 100 conference delegates heard leading Deutsche Bank strategists and economists present on a range of topics including the global and Middle Eastern economies, equity markets, foreign exchange and alternative investments in European real estate.  Deutsche Bank’s Head of Wealth Management in ......read more

Al Habtoor Opens Riyadh's Biggest Truck Service Facility

KSA, December 12, 2016:  Al Habtoor continued its KSA expansion plan with the opening of Riyadh’s biggest truck servicing operation, by inviting 200 of KSA’s largest Truck Operators to view the world class facility and meet the AL Habtoor Saudi Arabia management team. The open event was held on Wednesday, 22nd Safar 1438 AH, corresponding 23rd November, 2016.   The 9,000m2 facility is dedicated to the rapidly growing FUSO truck brand, a division of Daimler Trucks.  It has 20 fully air conditioned truck working bays plus a Parts department holding 7,500 lines and 220,000 individual parts   The investment is dedicated to Al Habtoor Motors promise of a one stop solution for all truck operators, including body fabrication, routine maintenance and truck accident repair giving the lowest possible vehicle ......read more

Saudi Trade Finance Summit Opens in Jeddah Today

(Jeddah, 15th November 2016) -  The only premier initiative for Trade Finance Development in the Kingdom will open its doors today at Le Meridien – Jeddah with the official endorsement of Jeddah chamber. With Saudi Arabia going through a major transformation and the National Transformation Plan attracting the public interest and inspiring private sector to contribute to the diversification of the Nation’s economy, the summit is designed to discuss the future of Kingdom’s trade developments.  Under the theme “Shaping the Kingdom’s Economy: A bright future unfolds, the 4th annual Saudi Trade Finance Summit is bringing together government regulatory authorities, finance professionals from leading corporates along with top financial institutions and technology solution providers to discuss current ......read more

The UAE and KSA insurance sectors remain resilient despite economic headwinds

The UAE and KSA secured 10th and 11th place from 22 countries assessed in terms of opportunity for ‘significant premium growth’ and 6th and 7th place respectively in terms of ‘least amount of risk’ Premiums in the UAE are projected to grow by 12% CAGR to 2020 Premiums in the KSA are projected to grow by 9% CAGR to 2020 Rise of internet and mobile technologies to speed the adoption of new insurance products New law requiring compulsory health insurance for all Dubai residents remains a key driver for the UAE insurance industry Dubai, UAE, October 30, 2016:  EY and Oxford Economics recently developed the ‘Emerging Markets Matter’ report to highlight the potential for insurance growth in 22 countries around the globe. EY created a risk opportunity matrix to illustrate the most ......read more

Azadea Group wins big at the 2016 Middle East Retail Forum

Zara, Virgin, Eataly and PAUL dominated the 6th edition of the of the renowned RetailME Awards in Dubai      Dubai, UAE, October 20, 2016:   Azadea Group, the premier lifestyle retail company that owns and operates more than 50 leading international franchise concepts across the Middle East and Africa, has announced winning 6 awards through its prominent brands at the 6th edition of the RetailME awards. These accomplishments cement the group’s position as a regional major provider of internationally established and developed concepts varying from fashion & accessories, to food & beverages, multimedia, sporting goods, home furnishings and beauty & cosmetics. The RetailME Awards rewards excellence across a range of retail categories and felicitates top performing retailers. The renowned ......read more

SOUQ.com hosts ‘SOUQ Engage 2016' to empower Sellers and SMEs to Grow Business Opportunities in MENA

“Fulfilled by SOUQ” and “SOUQ Selling Center” especially designed to support Sellers to grow their businesses and provide exceptional shopping experiences to the customers      Dubai, UAE, October 12, 2016:   SOUQ.com, the largest online and marketplace platform in the Middle East hosted a highly engaging event to enable and empower sellers and SMEs to grow their businesses in the region. ‘SOUQ Engage 2016’, the first of its kind conference, provided an integrated platform for sellers to interact with the SOUQ.com leadership team and accustom themselves with the company’s new offerings. The interactive sessions and workshops witnessed participation by over 200 sellers- allowing them the opportunity to share their experiences and learn best practice from fellow sellers ......read more

Dhofar Global enters into partnership agreement with ffuussTM

October 05, 2016 - Demonstrating its commitment towards the highest standards in quality, technology and hygiene, Dhofar Global, a leading supplier of hygiene care products in the Middle East, has signed a strategic partnership with ffuussTM, a hand dryer manufacturer and part of Spain-based OTS Group. The contract awards Dhofar Global the exclusive distributorship of ffuussTM air dryers in Qatar. The state-of-the-art ffuussTM air dryers come with a patented air heating system that works without conventional resistors to avoid constant and unnecessary energy consumption. The unique design and distribution of the air outlets ensure even distribution of air to cover the maximum surface of hands and minimal noise and splash without affecting performance efficiency. The ffuussTM hand dryers contain high-efficiency particulate arrestance ......read more

Middle East Council of Shopping Centres hosts “Next GEN Networking Reception” in Jeddah

MECSC’s Next Generation Events – connecting retail professionals across the Middle East   Dubai, UAE, October 4, 2016:   The Middle East Council of Shopping Centres and the International Council of Shopping Centers gear up to host the much awaited Next Generation Networking Reception at Park Hyatt Hotel in Jeddah, KSA on Monday 10th of October from 6:30pm till 8:30pm.   David Macadam, CEO, MECSC explains, “Saudi Arabia is the one country in the MENA region with the fastest growth rate of the retail & shopping centre industry. The MECSC / ICSC is very pleased to support our Saudi members in an ideal venue to host our upcoming Next Generation Networking event. We are focused on offering more value-added business development, networking opportunities, career development, and education opportunities ......read more

Global leaders converge in Dubai next week for African investment conference

Third Annual Investment Conference to be held 5-6 October  McKinsey & Co to present key findings from the new‘Lions on the move II’ report HE Sheikh Nahyan bin Mubarak Al Nahyan to attend as guest of honour Dubai, UAE, October 4, 2016:  Close to 400 business leaders and government representatives will meet in Dubai next week to discuss foreign investment opportunities in Africa during the Africa Legal Network’s (ALN) 3rd Annual International Conference on 5-6 October at the Park Hyatt, Dubai, UAE.  The invite-only event is set to attract a number of high-profile speakers, including UAE Minister for Culture, Youth and Social Development His Excellency Sheikh Nahyan bin Mubarak Al Nahyan; Former Malian Prime Minister Dr Cheick Modibo Diarra; International Enterprise Singapore Director ......read more

The 7th Arabia CSR Forum ropes in leading names in sustainability

UAE, October 2, 2016 - The Arab Region’s most talked about CSR Forum will be happening on October 19, 2016 in Dubai. Taking place annually for the past six years, the forum has become known all over the Region and even beyond as a platform that promotes latest thinking and current philosophies around CSR and sustainability.  This year too, the forum will present fresh thinking and current topics, particularly on the subject of critical importance, namely, the Sustainable Development Goals. The forum will raise the curtain on the Arab Sustainable Development Agenda and its priorities.  The theme, ‘Accelerating the Arab Sustainable Development Agenda Through Innovation and Collaboration’ will reflect this and more. The theme is bold and gives out a call to action in the region.  Habiba Al Marashi, ......read more

Bentley and Shell Announce Global Framework Agreement

EXTON, Pa., U.S.A.– July 13, 2016 – Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, today announced a new Global Framework Agreement with Shell. The agreement serves to improve Shell’s capital project construction execution through automated 4D/5D construction management solutions provided by Bentley as a managed service. The solution, based on Bentley’s ProjectWise ConstructSim, will be deployed as part of Shell’s ProjectVantage program. This innovative offering, which simplifies work packaging for engineering, construction, and installation, adheres to the Construction Industry Institute’s (CII’s) Advanced Work Packaging (AWP) methodology.  The Global Framework Agreement with Bentley underlies Shell’s ......read more

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Department of Land & Real Estate Regulation in Ajman concludes successful participation at Restatex ...…

Ajman, April 27, 2017- In line with its commitment to promote the competitiveness of Ajman's real estate segment, the Department of Land and Real Estate Regulation in Ajman has concluded its successful participation at this year's edition of the Riyadh Real Estate & Urban Development Exhibition 2017 (Restatex Riyadh 2017), the largest annual Real Estate event of its kind in the ......read more

Genetec to address the dynamic nature of cyber threats and hazards at Intersec Saudi Arabia 2017…

April 27, 2017– Genetec Inc. (“Genetec”), a leading provider of open architecture security and public safety solutions, will be highlighting solutions that can help address the challenges presented by the changing nature of cyber threats and hazards in the Middle East region during its participation at the first Intersec KSA, the Saudi edition of the biggest trade fair for ......read more

3i Infotech successfully implements Kastle ULS for Gulf Lifting and Finance Leasing Company in ...…

Damman, KSA –April 06, 2017: Gulf Lifting Financial Leasing Company (GLFL), a subsidiary of Kanoo Group of Companies, recently implemented 3i Infotech's Kastle® Universal Lending Solution (Kastle® ULS) and integrated financial suite to streamline its business processes as well as automate the end to end operations right from origination to collection. The application tackled ......read more

Software AG ends ‘Digital Business Day' in Riyadh on a high note…

January 17, 2017: As part of its ‘Digital Future Tour’, Software AG recently  held its marquee event, the ‘Digital Business Day,’ in Riyadh, Saudi Arabia in association with the Kingdom’s National Information Center (NIC). Executives from leading Saudi organizations gathered for the one-day event to learn how to effectively harness the power of cutting-edge ......read more

Cognizant Expands its Footprint in the Kingdom of Saudi Arabia…

December 06, 2016 - Cognizant (NASDAQ: CTSH), a leading global provider of information technology, consulting and business process services, today announced the expansion of its operations in the Kingdom of Saudi Arabia (KSA) with the opening of a new office in Riyadh. Cognizant’s expanded presence in KSA will enhance its existing operations in the Middle East and further enable ......read more

UAE and Saudi pharmaceutical product importers hold fruitful discussions with Brazilian ...…

UAE, June 29, 2016– The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that major importers of pharmaceutical products from the UAE and the Kingdom of Saudi Arabia held fruitful discussions with Brazilian pharmaceutical manufacturers during a business matchmaking event in São Paulo -- a strategic meeting that could help further boost the two Arab countries’ trade ties ......read more

UAE named top 10 global retail market by A.T. Kearney…

UAE ranked 7th in A.T. Kearney’s 2016 Global Retail Development Index (GRDI) Saudi Arabia closely followed the UAE, ranked 8th The GRDI evaluates the global markets offering retailers prime opportunities for growth Dubai, UAE, 7 June 2016:  The UAE was named as a leading global retail market in A.T. Kearney’s 2016 Global Retail Development Index (GRDI), titled ......read more

Saudi Arabian investment reform as part of Vision 2030 could enable sustainable development…

Vision 2030 and public investment fund reform could be a unique opportunity to reduce oil dependence and contribute to global effort for carbon emissions reduction, says London Business School expert Dubai, UAE, 25 May 2016 – A successful restructure of the Saudi Arabian Public Investment Fund (PIF) would represent a great opportunity for Saudi Arabia to have a positive impact not only ......read more

Al Ansari Exchange pledges AED 50 million donation to various charities in commemoration of its ...…

UAE, May 23, 2016–Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, commemorates the 50thAnniversary of its establishment. To mark the occasion and in line with the wise directions and vision of the UAE’s leadership to consolidate the country’s prominent position  in the region and the world, the company is poised to establish new ......read more

170 Leading Executives from Private and Public Sector Organisations, State Owned Entities in KSA ...…

Pearl Initiative collaborates with Siemens Integrity Initiative and SABIC to host interactive workshops highlighting necessity for compliance and ethics Majority of participating business leaders believe that the Saudi  private sector will significantly advance corporate accountability practices within next five years Riyadh-KSA: 17 May 2016 - Companies in Saudi Arabia are ......read more

Unilever KSA Announces Winners of Nationwide Environmental Research Award…

Award launched in collaboration with the Saudi Society for Environmental Sciences - King Abdulaziz University sees participation from over 120 students across the Kingdom Jeddah, Saudi Arabia, May 11, 2016:  Binzagr Unilever Limited, the Saudi Arabian arm of one of the world’s leading FMCG companies, has announced the winners of its Environmental Research Award, an initiative that ......read more

Thomson Reuters Holds 8th Compliance & Anti Money Laundering Seminar in Saudi Arabia…

Industry research reveals increased cyber-security threats in GCC MENA compliance programs demand a balance of technology with human intervention More regional countries will engage with risk national assessments in 2016 Compliance knowledge is about the right people not only the systems in place Riyadh, Saudi Arabia: May 10, 2016 - Thomson Reuters, the world's leading source of ......read more

Economic Sustainability Focus for Riyadh Edition of S&P Global's Financial Leaders Forum…

S&P Global conference to be held in Saudi Arabian capital for the first time Forum to discuss ‘Economic Sustainability Through Strengthened Financial Markets’ Symposium takes place amid plans for sweeping economic reforms in Saudi Arabia Dubai, UAE, May 9, 2016:  S&P Global (formerly McGraw Hill Financial) will host its sixth annual Financial Leaders’ ......read more

Financial Technology Set to Transform Financial Services in Saudi Arabia …

Special Panel on Digital Ecosystem Planned for Euromoney Saudi Arabia Conference Doha, Qatar: The Kingdom of Saudi Arabia’s financial sector is likely to encounter significant disruption from new financial technologies in the coming years, but could emerge stronger and more streamlined, according to experts gathering for the Euromoney Saudi Arabia Conference this May.  Financial ......read more

Sadara on track to ‘change the game' in Saudi Arabia's downstream industry…

18 January, 2015 – Jubail, Saudi Arabia: Following the successful start-up of the first Solution Polyethylene facility in the Middle East in December, Sadara Chemical Company (Sadara) is well on track to set new paradigms in both Saudi Arabia’s and the region’s downstream industry. The company, which sponsored and participated in the GPCA PlastiCon 2016 under the theme ......read more

Sadara Successfully Starts Up First Solution Polyethylene Plant in the Middle East…

14 December, 2015 – Jubail, Saudi Arabia: Sadara Chemical Company (Sadara), the world’s largest chemical complex ever built in a single phase, has successfully started up its first production plant, moving on schedule from the construction to the operational phase.  Sadara’s first product – Linear Low Density Polyethylene (LLDPE) – was produced in the ......read more

Saudi Arabia lifts ban on Brazilian beef exports…

UAE, December 8, 2015 – Brazil and Saudi Arabia signed recently a Memorandum of Agreement (MoA) to open the Middle East to Brazilian beef exports, effectively drawing to a close a ban that has been in force for almost three years. The initiative was commemorated by a sanitary certificate handed by Brazil’s Minister of Agriculture Kátia Abreu, who represented the interests of ......read more

Mergermarket: Healthcare and F&B are Saudi's most active M&A sectors; Thirty one major debt deals ...…

Mergermarket identifies Healthcare and F&B as Saudi Arabia’s most active M&A sectors. Thirty one major debt deals completed in 2015, excluding sovereign issuance Largest deal was Aster DM Healthcare’s acquisition of 57% stake in Sanad Hospital; Savola Group linked with bid to acquire majority stake in Kuwait’s Americana Group; Saudi debt deals, excluding sovereign ......read more

World Islamic Banking Conference (WIBC) to Chart Future of Commodities, Currencies and Asset ...…

This December experts from the US, Turkey, UAE, Egypt, UK, Saudi Arabia and other markets to provide Islamic finance industry with its asset allocation outlook for 2016  11 November 2015, Manama, Bahrain:  The World Islamic Banking Conference (WIBC) 2015 will gather seasoned economists, asset managers and investment bankers who will provide a holistic view of asset allocation ......read more

ICC Saudi Arabia to support the 3rd Annual Saudi Trade Finance Summit 2015…

QnA International organizes summit on trends and challenges on trade finance in Saudi Arabia Dubai, November 2, 2015 - Dubai based QnA International is set to host the annual Saudi Trade Finance Summit in partnership with the Saudi Arabia arm of International Chamber of Commerce (ICC). The event now in its third edition, is an exclusive by-invitation only gathering of the most influential ......read more

Gulf Navigation posts high 123% profit growth at end of third Quarter of 2015…

UAE, November 1, 2015 - Gulf Navigation Holding PJSC (DFM: GULFNAV), the Dubai-based shipping company, has reported a substantial 123% profit growth at the end of the third quarter of 2015 compared to the same period the previous year. The company released its latest financial statement amidst its strong and consistent financial turnaround and continuous intensified efforts to address creditor ......read more

Retail market in Saudi Arabia and the GCC exceeds 270 billion SR…

Jeddah, November 1, 2015: Retail industry leaders across the Arab world came together recently for NEXTGEN 2015, an event aimed at supporting the further development of the SAR 270 billion GCC retail industry. The event, which was held at the Elaf Hotel in Jeddah, was organized by the Middle East Council of Shopping Centers (MECSC), a non-profit organization operating under the umbrella of the ......read more

Dubai Design and Fashion Council announces the findings of the MENA Design Outlook study…

• The market value of the MENA design industry surpassed USD 100bn in 2014 • UAE and Saudi Arabia are by far the largest overall design markets in the region, respectively totaling USD 27.6bn and USD 21.9bn in design revenues in 2014 Dubai, October 27, 2015: Dubai Design and Fashion Council (DDFC) revealed the results of the MENA Design Outlook, a ground-breaking study ......read more

BMJ to support KSA's medical researchers in developing research skills…

October 11, 2015: BMJ, one of the world’s leading healthcare knowledge providers, will visit doctors, students and researchers across the Kingdom of Saudi Arabia (KSA) from October 12 to 17, 2015 to help them develop their research skills and learn how to write papers that can get published in top journals. Dr. Trish Groves, Deputy Editor and Head of Research at The BMJ and Editor-in-Chief ......read more

The NFC leader FAMOCO wants to expand its business in the Middle East and will exhibit at the GITEX ...…

- From October 18th to 22nd United Arab Emirates; September 22, 2015 – FAMOCO the French specialist of Android NFC readers just raised $4,5 millions and now aims at conquering the Middle Eastern market. The GITEX show, the 3rd largest technology event on the planet, is an opportunity for FAMOCO to meet its clients and gain prominence in the Middle East. FAMOCO exhibits at this event ......read more

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