Mounib Hammoud, CEO and Karim R. Itani, head of sales and marketing at Jeddah Economic Company, address a press conference in Jeddah on Wednesday. (AN photo by Khalil Hanware)
Work on the Kingdom Tower in Jeddah is now above the ground and construction is moving at an accelerated pace, a top official announced on Wednesday.
DUBAI: Saudi Telecom Co (STC), the Gulf's biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction t
The Saudi stock market continued its downward momentum and fell for a third consecutive session on Wednesday.
With an ambition to generate up to 25 percent of its electricity needs — or 5.6GW — through nuclear means by 2020 nuclear energy has gained momentum in the UAE.
LONDON: The rundown, overcrowded Terminal 2 at London’s sprawling Heathrow Airport is long gone, about to be replaced by a spacious new building built to handle 20 million passengers each year.
Dubai Investments, the largest investment company listed on the Dubai Financial Market (DFM), has raised the foreign ownership limit in the company from the existing 20 percent to 35 percent.
TOKYO: Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.
NEW YORK: US aerospace and defense giant Boeing raised its 2014 profit outlook despite a first-quarter profit slide, citing strong demand for its new jetliners.
TOKYO: Japan's Toyota, the world's biggest auto maker, sold more than 10 million vehicles in the year to March for the first time, it said, with last-minute buying ahead of a sales tax incr
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