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FINANCE & ECONOMY

Mobily revenues rise for eighth consecutive quarter to reach SR3.4bn
October 21, 2019

RIYADH — Mobily continued to grow its revenues for the eighth consecutive quarter to reach SR3.4 billion in Q3 2019, with a YoY growth of 14.4%. This is mainly attributed to the growth of subscribers’ base, the growth of revenues of business, and wholesale units and the growth of FTTH active base.

In addition, the company continued delivering positive net results for the fourth consecutive quarter, as Q3 2019 net result highlighted a YoY"...

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World’s lightest meringue shows Tanween’s sweet spot in Saudi Arabia
October 21, 2019

DHAHRAN: A multi-sensory experience featuring the world’s lightest meringue is being presented at the King Abdul Aziz Center for World Culture (Ithra) as part of Tanween, a season brimming with events and activities. Tanween is the biggest creative platform in the Kingdom with 232 cultural, artistic and scientific events ranging from art exhibitions, theatrical performances, workshops and seminars about the concept of playing as a tool that brings together"...

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African Heads of State to Descend on Dubai for Global Business Forum Africa
October 21, 2019

Heads of state, 17 ministers, high-ranking government officials and prominent business leaders from Africa have confirmed their participation for the fifth edition of the Global Business Forum Africa (GBF Africa), which takes place November 18-19, 2019 in Dubai.

Among the high-level dignitaries attending GBF Africa 2019 are H.E. George Weah, President of Liberia; H.E. Danny Faure, President"...

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Schlumberger Announces Third-Quarter 2019 Results
October 21, 2019

Schlumberger Limited (NYSE: SLB) today reported results for the third quarter of 2019. (Stated in millions, except per share amounts) Three Months Ended Change Sept. 30, 2019 Jun. 30, 2019 Sept. 30, 2018 Sequential Year-on-year Revenue $8,541 $8,269 $8,504 3% 0% Income (loss) before taxes - GAAP basis $(11,971) ......

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Investment in Education Needed To Meet Emerging Cities’ Quality Schools Shortfall
October 21, 2019

Players in the United Arab Emirates’ (UAE) education sector are attributing the market’s steady growth to a shift in consumer preference that has seen the mid-market institutions increasingly disrupt the region’s industry status quo.

Driven by ballooning student enrollment, Dubai’s mid-market private schools are now emerging as the go-to segment for many parents"...

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Rubicon Project Acquires RTK.io, A Leader in Open Source Header Bidding Solutions
October 21, 2019

Rubicon Project (NYSE:RUBI), the global exchange for advertising, today announced the acquisition of RTK.io, a leading provider of tools and services that bring simplicity and control to header bidding for publishers. RTK’s solution is built on Prebid, the same open source framework as Demand Manager, the header bidding solution Rubicon Project launched"...

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Ajman Media City Free Zone Announces Removal of E-Channel Deposit Requirement for Investors; Significant Boost and Cost Advantage for Entrepreneurs
October 21, 2019

Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone announced abolishing the mandatory e-channel deposit for the investors setting up their business in the AMC Free Zone.

Explaining further Sheikh Abdul Aziz bin Humaid Al Nuaimi said: “Improving the business environment, easing the initial investment and set-up policies and strengthening entrepreneurship"...

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Creation of LCCC to maximize use of local contents in Saudi Arabia
October 20, 2019

RIYADH — The Local Content & Government Procurement Authority (LCGPA) launched the Local Content Partnerships initiative during a ceremony in Riyadh attended by several VIPs including ministers and representatives from government entities and major national companies. This initiative forms LCGPA’s first strategic plan that aims to establish lasting and sustainable partnerships with public and private sector companies in order to effectively contribute"...

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Agility opens logistics park in Riyadh valued at SR1bn
October 20, 2019

RIYADH – Agility, a leading global logistics provider, on Saturday announced the opening of a new 900,000 square meter logistics park in Riyadh, part of a series of investments in the country valued at SR1 billion.

The new facility, inaugurated on October 17, was developed by Agility Logistics Parks (ALP) and includes 250,000 sqm of built-up, high standard warehousing and logistics facilities. The Riyadh ALP will serve leading multinationals as"...

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Del Monte® Launches First Café in Kuwait at Terminal 4 (T4) at Kuwait International Airport
October 20, 2019

Del Monte®, the leading provider of fresh, healthy and great-tasting food to consumers around the globe, announced the opening of its first café in Kuwait at Terminal 4 at Kuwait International Airport. The step reflects the company’s endeavor to offer healthier snacks and food on the go to airport employees and passengers transiting through Kuwait airport.

Present in the"...

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