Business & Money | Sunday 14 August, 2016 11:06 am

Julphar reports first half earnings

Julphar Gulf Pharmaceutical Industries, the largest generic pharmaceutical manufacturer in Middle East and North Africa (MENA), announced sales revenue of AED 759.7 million in the first half of this year.  The company posted a gross profit of AED 465.7 million and its net profit for the...

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Business & Money | Sunday 14 August, 2016 10:21 am

Modules for first heat recovery steam generator on the way to Egypt

The modules for the first heat recovery steam generator (HRSG) for the Siemens Mega project in Egypt have begun their journey from South Korea to the Beni Suef power plant. On its arrival in mid-September, the boiler is scheduled to be installed at the plant. NEM, as part of Siemens, is delivering...

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Business & Money | Sunday 14 August, 2016 10:08 am

DAMAC Properties Dubai reports net profit of AED 1.94 billion in first half of 2016

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading developer of high-end property in the Middle East, today announced the financial results for the six months ending 30 June 2016.    During the first six months of 2016, DAMAC...

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Business & Money | Sunday 14 August, 2016 7:25 am

Mobil 1 expands football sponsorship to Al Ettifaq

The Arabian Petroleum Supply Company (APSCO), marketer of the world’s famous engine oil Mobil 1, announced that it has signed an agreement with the Al Ettifaq Football Club to sponsor this football team for the next five seasons. The agreement establishes that APSCO’s brand image...

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Business & Money | Sunday 14 August, 2016 6:43 am

SAMA committed to riyal’s dollar peg

Saudi Arabia is committed to keeping the riyal pegged to the US dollar and that it has “sufficient tools” to support its fixed exchange rate policy, said Ahmed Al-Kholifey, governor of Saudi Arabian Monetary Agency (SAMA), on Friday. “The governor said the organization reiterates ...

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Business & Money | Sunday 14 August, 2016 5:28 am

Govt launches campaigns for women workers’ safety

The Ministry of Labor and Social Development initiated a series of campaigns to raise awareness about safety and health among workers in industrial plants, especially those employing women. Under the program, the ministry concentrated on industrial units in Riyadh and held campaigns in several...

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Business & Money | Saturday 13 August, 2016 5:01 pm

Al Meera records QR 102.4 mn net profit and 10.6% increase in sales for H1 2016

Al Meera Consumer Goods Company (QSC) recently disclosed its semi-annual financial statements for the period ended June 30, 2016, with net profit attributable to the owners of the company amounting to QR 102.4 million.  Commenting on the company’s achievement, Al Meera stated that for ...

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Business & Money | Saturday 13 August, 2016 4:54 am

Dubai looks to boost cultural life with opera house

A BOAT-SHAPED hulk of steel and glass at the foot of the world’s tallest tower, Dubai’s new opera house is set to boost the cultural life of the Gulf’s business hub. Workers are putting the final touches on the venue, a short walk from the 828-meter (2,700-foot) Burj Khalifa,...

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Business & Money | Saturday 13 August, 2016 1:17 am

Nike Debuts Unlimited Courage

NIKE, Inc. (NYSE:NKE) announced today its next film that aims to celebrate a summer of sport and encourage athletes everywhere to embrace their unlimited mindset.  “Unlimited Courage” celebrates an extraordinary athlete, Chris Mosier, and his unlimited determination and spirit...

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Business & Money | Friday 12 August, 2016 9:44 am

Deloitte identifies 14 business impacts of a cyberattack

While cybersecurity is one of the most prevalent issues of our time, the resulting impact of a cyber incident is still largely unproven. Recognizing the need of business leaders to have clarity around the enterprise-wide effect of such events, Deloitte the global leader in cyber risk advisory...

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