New mortgage laws in Saudi Arabia has prompted a shift from owning to renting properties in Jeddah during the fourth quarter of 2014, Jones Lang LaSalle has said. Its Jeddah

Dubai’s Mashreq seeks builder for new HQ project

Mashreq Bank is seeking a contractor to build a new corporate head office in the Burj Khalifa district of Dubai. The 151 metre-tall building comprises four basements levels, ground floor,

Schneider Electric has announced that it ranks 9th in the 2015 Global 100 Most Sustainable Corporations in the World (Global 100) Index. The index has been released by Corporate Knights,

Net profits of the listed cement firms grew by 6 percent to reach SR5.9 billion in 2014 compared to SR5.6 billion in 2013, according to a financial report. Meanwhile, profits

Singapore eases monetary policy in surprise move

SINGAPORE: Singapore has become the latest country to ease monetary policy in a surprise move as plunging oil prices hit inflation and the central bank looks to boost the tepid

Emirates, a global connector of people, places and economies, has announced the launch of A380 services to two European destinations: Dusseldorf and Madrid. For both cities, Emirates will be the

The passing of King Abdullah and the advent of Custodian of Two Holy Mosques King Salman is a time of continuity in the Kingdom’s oil policy not a time of

To showcase several innovative products and solutions covering, smart city, public safety, education, intelligent transportation and green energy, ZTE (HK) Saudi Arabia hosted its 2015 partnership event at Ritz Carlton

Demand for airplanes lifts Boeing’s Q4 profit

DALLAS: Boeing Co.’s fourth-quarter profit rose 19 percent as demand for commercial airliners trumped weakness in its defense business. Investors looked past a muted outlook for 2015 earnings and sent

IMF and ICD back training for private sector and NGOs

The International Monetary Fund (IMF), in partnership with the private sector for The Islamic Corporation for the Development of the Private Sector (ICD), organized a macroeconomic workshop for the private