IDB President Ahmed Mohammed Ali with consuls general of different countries in Jeddah and other dignitaries. (AN photo)
GENEVA: Airlines are expected to post record profits in 2014, the International Air Transport Association said, citing sliding oil prices and mergers for the sector’s improving outlook.
The Kingdom’s first and biggest international trade food and beverage exhibition, FoodEx Saudi 2013, has concluded at the Jeddah Center for Forums & Events, with more than 300 international bran
The Jeddah-based Islamic Development Bank Group, which marks its 40th anniversary next year, has spent nearly $100 billion to finance infrastructure, health, educational and other projects in member c
SEOUL: A Seoul court rejected Samsung’s claim that iPhone and iPad models violated three of its patents, another setback for the South Korean electronics giant in a global battle with Apple over rig
LUXEMBOURG: Microsoft fended off a challenge to its $8.5 billion takeover of messaging service Skype as Europe’s second-highest court ruled against claims by rival Cisco that the 2011 deal would har
NEW DELHI: An Indian court has released a major plant owned by Nokia seized over a multi-billion-dollar tax row, paving the way for the Finnish firm to include the factory in the sale of its mobile bu
NEW YORK: General Motors said it is selling its entire stake in PSA Peugeot Citroen, but stressed its manufacturing alliance with the struggling French automaker remains strong.
Riyadh Economic Forum (REF) concluded with key recommendations primarily suggesting to take the advantage of rain water in the Kingdom amounting to 150 billion cubic meters per year and import water f
The Saudi stock market recorded nominal gains on Wednesday, as the Tadawul All-Share Index (TASI) closed higher to 8,399.65, adding less than half point for the entire day.
The construction sector is a driving force behind the Kingdom's economic development with $159 billion committed to various projects in 2012, according to a report released during Riyadh Economic Foru
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