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FINANCE & ECONOMY

Saudi Arabia to establish special economic zone to woo foreign investors
October 23, 2018

Saudi Arabia is establishing a special economic zone (SEZ) at Riyadh’s King Khalid International airport in a bid to attract multinational investors to the kingdom, it was announced on Sunday.

According to the Saudi Press Agency (SPA), the SEZ will focus on integrated logistics and will be governed by the country’s General Authority for Civil Aviation. The Saudi Arabian General"...

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Safe Group sells its Safe Cronite business to focus on Safe Metal and Safe Demo
October 23, 2018

(AETOS Wire)-- On October 18th, Safe Group sold its Safe Cronite business area, including the Swiss holding company Cronite SA and all its manufacturing plants and sales offices, to new shareholders brought together by Pierre Wittmann and managers in partnership with investment funds driven by Ciclad.

The Safe Cronite business area, which has been gradually"...

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SmartStream Steps Ahead with New Industry Digital Payments Solution
October 23, 2018

(AETOS Wire)-- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the launch of TLM Aurora, the next generation of Corona, the industry’s leading reconciliation platform – the first new module is designed to support the new industry standards in the digital payments world, by providing connectors to SWIFT GPI, RTGS, as well as Blockchain based"...

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DataCo and SES Networks to Provide Broadband Network for APEC 2018
October 23, 2018

(AETOS Wire) -- Ahead of the 26th Asia-Pacific Economic Cooperation (APEC) forum taking place in Papua New Guinea, the PNG Government through its implementing agency, DataCo with the assistance of the Australian Government have chosen SES Networks to provide a managed data service delivering 6Gbps of high-bandwidth, low-latency connectivity to ensure the venues and all delegates have reliable, high-speed internet access during"...

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Social Media Influencer Package from Ajman Media City Free Zone for the Growing Global Community of Bloggers
October 23, 2018

Ajman Media City Free Zone launches a comprehensive Social Media Influencer Package to further expand their service offerings for entrepreneurs and SME’s owners.

Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone said: “The bloggers and influencers will receive full support as our preferred customer in obtaining all"...

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SAGIA: an increase in the number of licenses for foreign and domestic companies in KSA by more than 90%
October 22, 2018

Saudi Arabian General Investment Authority (SAGIA)'s report for the
third quarter of 2018 has showed an increase in the number of licenses
granted to foreign and domestic companies being invested in the Kingdom
of Saudi Arabia by more than 90% compared to the number of licenses
issued in the same period in 2017, as the Authority granted 499 licenses
until the end of the third quarter of 2018.

SAGIA's Deputy Governor"...

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alfanar strikes financial closure for its wind IPP project in India
October 22, 2018

aLFANAR, one of the leading Saudi-based developers for clean energy in Asia, Africa and Europe, has reached to a financial closure for its 300 MW Wind Project in Bhuj, Gujarat, India. The project was awarded through competitive bidding by Solar Energy Corporation of India Limited (SECI) – a company under the Ministry of New and Renewable Energy, Government of India, (TranceIII).

The project has been awarded to alfanar on development, construction,"...

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PMI Launches Search for Next President and CEO
October 22, 2018

(AETOS Wire) -- Project Management Institute (PMI), the world’s leading professional membership organization for project managers, announced today that it has retained Heidrick & Struggles to help the organization find its next President and Chief Executive Officer (CEO). The dynamic leader shall oversee the implementation of a new strategic plan and guide the organization toward a future designed to help thousands"...

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Schlumberger Announces Third-Quarter 2018 Results
October 22, 2018

• Revenue of $8.5 billion increased 2% sequentially

• Pretax operating income of $1.2 billion increased 5% sequentially

• EPS was $0.46

• Cash flow from operations was $1.8 billion

• Free cash flow was $1.0 billion

Schlumberger Limited (NYSE: SLB) today reported results for the third quarter of 2018.

...

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Saudi Agriculture Exhibition 2018 boosts sustainable food security
October 21, 2018

The 37th edition of Saudi Agriculture Exhibition concluded its activities amid wide acclaim from regional and international exhibitors and visitors for the success of the event, organized by Riyadh Exhibitions Company, at the Riyadh International Convention and Exhibition Center (RICEC). The event attracted a record number of visitors reaching more than 15,000 during the four days of the event, including the remarkable presence of international leaders from more"...

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