Industry
The developer’s revenues amounted to Dhs149 million while total sales value reached Dhs234 million in the first six months of this year.
The alternative investment fund Investcorp posted a 25 per cent gain in annual net profit.
The move followed strong censure from the US at the apparent Israeli shelling on Sunday of a UN-run shelter that killed 10 people.
The group, whose core brands are Radisson Blu and Park Inn by Radisson, will open three hotels in Jeddah and one each in Riyadh and Dammam.
Ominvest said last month it had written to ONIC Holding about forming a strategic arrangement between the two firms
The value of shares brought by foreigners through swap agreements rose to SAR3.53 billion in July, from SAR1.66 billion in June.
The TRA said that fraudsters, seeking to illegally obtain personal information, were claiming to be from an authorised national telephone service provider.
The fund’s return fell despite a strong rise in the Kingdom’s stock market, in which it is one of the major investors.
Trio of hotels amalgamate to form first Marriott Marquis-branded hotel outside the US
The low-cost carrier will fly to Tehran from August 11 and Mashhad from August 10.
In May, Dubai Investments divested a 66 per cent equity stake in Globalpharma, which contributed a profit of Dhs472 million.
Accor has signed an agreement with Indian developer Hiranandani Group to manage an ibis Styles hotel.
The new $8.5 billion project, known as Rabigh II, is to be built as an expansion of PetroRabigh’s existing petrochemical plant.
The new concourse will be connected to an existing terminal by an automated train.
The Palestinian Centre for Human Rights said 520,000 people had been displaced by the fighting.
Revenue for the second quarter was Dhs2.19 billion, up 74 per cent year-on-year.
New multiple entry visas have been introduced for students and medical tourists.
The court ruled that the firm had to repay all three groups of creditors the total amount of $1.56 billion under its restructuring plan.
The Ebola outbreak, which began in Guinea and has spread to Liberia and Sierra Leone, has killed more than 700.
Gaza officials say at least 1,499 Palestinians, mostly civilians, have been killed and 7,000 wounded.
The conglomerate plans to make its first big repayment early, in exchange for more time before a second and much larger obligation needs to be repaid.
The Canadian firm has been lately touting new BBM features in a bid to make it a more viable messaging tool for corporate clients.
Marafih reveals the problem with excessive taxation on telecom operators, and why he is certain Qatar will host the 2022 FIFA World Cup.
The opening of the Saudi market to direct foreign investment is expected to attract a lot of active money.
As global aviation body IATA puts responsibility for airspace risk assessment on governments, analysts say urgent action is needed.
Increased reliance on IT systems within firms is expanding their role and responsibilities, but the transition is far from simple.
The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.
About 200 people have been killed since clashes erupted two weeks ago between rival militias in Tripoli and Benghazi.
Lufthansa’s second-quarter operating profit was $480.9 million, far below the average forecast.