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Riyadh, 09 March, 2017 Mobile Telecommunication Company Saudi Arabia (Zain Saudi Arabia) announced its financial results for the full financial year ending December 31, 2016. Key Performance Indicators for the 12 months ending 31 Dec 2016: Compared to Full-Year 2015, Zain Saudi Arabia reported: Advertisement Revenues increased by 3% to SAR 6,927 million, Gross profit grew by 11% to SAR 4,401 million. EBITDA also grew by 10% […]

Saudi Arabia’s non-oil private sector saw a further pick up in growth momentum in February, with business conditions improving at the quickest rate since August 2015, according to a new survey. Data from the Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) showed that both output and new orders rose sharply in February, with the rate of expansion in the latter picking up to an 18-month high. […]

New York and London are locked in a frantic race to be the main international listing venue for Saudi Arabia’s initial public offering of its state oil company, emerging as clear frontrunners in what is set to be the world’s biggest ever flotation. Executives from the New York Stock Exchange and London Stock Exchange have held talks with Saudi Aramco, the state group valued at as much […]

Report launched in the Middle East in partnership with the Government of Dubai Media Office HE Mona Al Marri: “Report will contribute to the international dialogue at the Forum and guide government communication professionals and decision makers in finding new opportunities for optimising their strategic approach, in addition to understanding the challenges that need to be overcome in a rapidly changing environment.” WPP Leaders’ Report […]

Oil prices were under intensifying pressure on Thursday, with the US West Texas Intermediate benchmark dipping below $49 a barrel for the first time since late November. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for a ninth straight week to a record high. Renewed concerns about a supply glut sent ripples […]

DUBAI // The UAE is leading the region in government-citizen communication and trust, according to a report on the future of government communication. The WPP Leaders Report, launched in the Middle East for the first time in partnership with Dubai Media Office, found that the UAE was one of five Middle Eastern countries that stood out in terms of trust citizens have in their government and having […]

Oil prices were back under pressure on Thursday, with the West Texas Intermediate benchmark falling under $50 for the first time since December. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for the ninth straight week to a record high. Renewed concerns about a supply glut sent ripples through the currency market […]

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|By Matein Khalid| Janet Yellen confirmed the Wall Street consensus that the Federal Reserve will raise its overnight borrowing (Fed Funds) rate at the March FOMC. Wage growth, inflation, crude oil, asset prices, economic data momentum and Trump’s fiscal stimulus all reinforce the dual mandate logic of a rate hike. Only a really awful February non-farm payroll shock (consensus is 200,000 jobs) will avert a rate hike […]

Your daily guide to community and cultural activities across the Emirates for March 9, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at listings@thenational.ae newslide Abu Dhabi Music festival Buy […]

Iranian Foreign Minister Mohammad Javad Zarif held talks in Qatar on Wednesday with the country’s ruler about improving relations, soured by a dispute last year between Tehran and Gulf Arab powerhouse Saudi Arabia. Tasnim news agency said Zarif also met his Qatari counterpart during the trip to Doha, his second this year. Qatar and two other Gulf Arab states recalled their envoys from Tehran in January 2016 […]

DUBAI, UAE, March 8, 2017 /PRNewswire/ — Over 1,300 IT and security stakeholders gathered in Riyadh to advance discussions on collaboration, standardization and a unified approach to mitigate cyber threats. Under the endorsement of Saudi Arabia’s Crown Prince His Royal Highness Mohammed bin Nayef bin Abdulaziz Al Saud, the National Cyber Security Center NCSC, representative of Ministry of Interior, in partnership with Naseba organized the 2nd International […]

Continue reading the main story But the agent has his passport and has refused to refund his recruitment fee, he said. He has no money for a plane ticket. “There is a huge dependence on migrant workers who have employment terms that are no different than indentured servitude,” said Sarah Leah Whitson, director of the Middle East and North Africa division of Human Rights Watch, an advocacy […]

Dubai, UAE 08 March 2017  Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, today announced its Full Year Financial Results for the year ended 31 December 2016. Amlak reported net profits of AED 107 million at the end of December 2016, a decrease of 20% compared to AED 135 million in 2015. The Company’s total revenues, however, reached AED 778 million in […]

“Talk is cheap, implementation is difficult,” said Fadel Gheit, a senior oil company analyst at Oppenheimer & Company. “They will have to recreate books that never existed.” Photo Khalid A. al-Falih, Saudi Arabia’s energy minister and chairman of Saudi Aramco, speaking at a conference in Houston on Tuesday. Credit Melissa Phillip/Houston Chronicle, via Associated Press As a prize, there are fewer bigger than Saudi Aramco. The Saudis […]

Saudi Arabia has promised to launch major development projects towards the end of 2017 to re-energise an economy which has been hit by austerity measures, industry sources told Reuters. Deputy Crown Prince Mohammed bin Salman, the kingdom’s top economic official, made the commitment at a recent meeting with a delegation representing the Saudi private sector, the sources, who spoke on condition of anonymity, said. While they pledged […]

DUBAI – March 7, 2017 Hotpack Packaging Industries, a leading producer and wholesaler of quality disposable food packaging materials in the UAE, has recently announced an investment of GBP 50 million to develop a facility in Wrexham – Wales, England. The facility will be equipped with the latest in packaging and manufacturing technologies. The announcement was made when Ms. Lesley Griffiths, Welsh Government Cabinet Secretary for Environment […]

Canadian financial services group Canaccord Genuity’s aims to double the contributions to its investment banking business from the Middle East and India in the next five years, its regional head told Reuters. It recently helped broker a C$5 billion ($3.7 billion) investment partnership between Dubai ports operator DP World and Caisse de depot et placement du Quebec, Canada’s second-largest public pension fund. “We think this could be […]

Reuters (Adds comments from Saudi source) KUALA LUMPUR/DUBAI, March 7 (Reuters) – Malaysia said on Tuesday that suspected militants from Yemen arrested late last month ahead of a visit by Saudi King Salman had been planning an attack on Arab royalty. A senior Malaysian police source said the four suspects belonged to Yemen’sIran-allied Houthi movement, which hails from a Shi’ite Muslim sect and has been […]

Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalisation of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes showed on Monday. The valuation of Aramco. the world’s biggest oil firm, has been the focus of intense speculation since the Saudi government last year announced plans to sell […]

KUALA LUMPUR Malaysia on Tuesday said the seven militants arrested late last month were planning an attack on “Arab royalties” visiting its capital Kuala Lumpur. The arrests were made just days before Saudi Arabia’s King Salman visited Malaysia on Feb. 26. “They were planning to attack Arab royalties during their visit to Kuala Lumpur. We got them in the nick of time,” Inspector General of Police Khalid […]

Yet in the other six countries still on Mr. Trump’s list, his decision to push ahead with the ban only stoked their sense of grievance and discrimination. Regional experts repeated earlier warnings that Mr. Trump’s order handed an easy propaganda victory to enemies and might ultimately weaken American security. Continue reading the main story “The idea that this is a Muslim ban has been reinforced even further,” […]

/By Arabian Post Staff/ The 10 Organization of the Petroleum Exporting Countries (OPEC) members moved closer to full compliance with the landmark production cut agreement signed late last year, as output in the month fell from January levels to average 32.03 million barrels per day, according to an S&P Global Platts survey released today. In all, taking an average of January and February production, the 10 members […]

By Joseph Ax and Nate Raymond | NEW YORK NEW YORK An accused al Qaeda operative charged with engaging in attacks on U.S. forces that killed at least two American servicemen in Afghanistan is set to face trial on Monday in federal court in Brooklyn, New York. Ibrahim Suleiman Adnan Adam Harun, also known by the nom de guerre Spin Ghul, or White Rose in the Pashto […]

06 March 2017 In coherence with the Saudi king, Salman Bin Abdel Aziz Al Saoud’s visit to Indonesia, Rotana, one of the region’s biggest media networks has launched three dedicated channels in the Indonesian market. This expansion of the Saudi network is the first in a state considered the biggest Islamic country population wise, launching three new channels in partnership with “Lightning” and available on SMV Free […]

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