Economy
Kingdom leads IPOs in the Gulf
Initial Public Offering (IPO) activity picked up in the Gulf Corporation Council (GCC) in Q2 2012 which raised over $1.1 billion.
Monday, 02 - July 2012
Although the GCC currently has a wide base to its population pyramid, denoting a large youth population for elderly support, by 2050.
Monday, 02 - July 2012
Companies today are creating value by shifting from a commodities economy to a knowledge-based sector that focuses on intangible assets and output in business in addition to embracing intellectual property (IP).
Monday, 02 - July 2012
Qatar’s economy grew 6.9 percent year-on-year in inflation-adjusted terms in the first quarter helped by a jump in the construction industry, Qatar Statistics Authority said Sunday, citing preliminary data.
Monday, 02 - July 2012
The global IPO market continued its downward track in the second quarter, notching its fourth consecutive period of declining deals in nearly every corner of the world.
Monday, 02 - July 2012
nasair, Kingdom of Saudi Arabia’s national carrier, received recently "The Best Interactive Award" from Pan Arab Awards Academy under Airlines Category in Amman.
Monday, 02 - July 2012
Jennifer Lopez, the ultimate modern woman, is now the one and only Venus Beauty as Gillette Venus appointed her as its first-ever global ambassador.
Monday, 02 - July 2012
The 500,000th vehicle rolled off the production line in Porsche’s plant in Saxony.
Monday, 02 - July 2012
LG Electronics has recently launched the next generation of Magic Remote Control which integrates a number of new features, such as wheel controls, magic gesture and pointing which makes it the perfect match for LG Smart 3D TVs.
Monday, 02 - July 2012
Zahid Tractors, sole distributor for Caterpillar Equipment in Saudi Arabia, celebrated recently its taking the second place worldwide in "CAT" oil sales produced by Exxon-Mobil, represented in Saudi Arabia by Arabian Petroleum Supply Company (APSCO).
Monday, 02 - July 2012
Tadawul All Share Index (TASI) closed at a level of 6,709.91 points at the end of the first half 2012, gaining 133.91 points or 2.04 percent over the close of the same period of the previous year.
Monday, 02 - July 2012
INVESTCORP, a global provider and manager of alternative investment products, Sunday announced that its portfolio online payment company, Skrill (formerly Moneybookers), has agreed to acquire 100 percent of paysafecard.com Wertkarten AG, an Austrian provider of prepaid vouchers that enable consumers to shop online.
Monday, 02 - July 2012
The Egyptian government signed an agreement Sunday with the Islamic Development Bank (IDB) that will provide $1 billion to finance energy and food imports, the government said in a statement.
Monday, 02 - July 2012
Oman’s tourism ministry has announced the launch of its ’Cool Destinations’ summer campaign on Hotels.com, one of the world’s leading on-line accommodation booking site.
Monday, 02 - July 2012
ETIHAD Airways’ first three-cabin Boeing 777-300ER aircraft has departed on its maiden EY11 flight, from Abu Dhabi to London Heathrow
Monday, 02 - July 2012
BRIDGESTONE has recently launched for the first time in Jeddah the two-day second GCC Tire Safety and Eco Station (TSES) campaign at Red Sea Mall.
Monday, 02 - July 2012
MEMAC Ogilvy & Mather further cemented its position as the Middle East’s leading communications agency by winning three gold, one silver and one bronze awards at the recently concluded 59th Cannes Lions International Festival of Creativity.
Monday, 02 - July 2012
Against a backdrop of robust Saudi travel and tourism industry, the three-day "The Hotel Show Saudi Arabia" exhibition is slated to kick off on Nov. 17, 2012 at the Jeddah Centre for Forums & Events under the patronage of Sultan Bin Salman Bin Abdul Aziz, Chairman of the Saudi Council for Tourism & Antiquities (SCTA).
Monday, 02 - July 2012
Bahrain has approved blueprints to implement eco-friendly policies which aim to construct "green buildings" across the country to reduce all types of pollution and increase green zones and plantations.
