Riyadh, 20 April 2011: The National TriGeneration CHP Company (“NTCC”), which specializes in cooling, heating, and power systems, announced the signing of a joint venture (JV) with UGL Limited (ASX: UGL) (“UGL”), an Australia-based international property and facilities management company. The JV entity, to be named, UGL Services, will initially focus on providing facilities management [...]

JAKARTA, INDONESIA (BNO NEWS) — Saudi Arabia pledged to release more than 300 Indonesians jailed in the country for various offenses after an Indonesian minister visited the Arab state to seek clemency for 23 Indonesians on death row, the Jakarta Globe reported. “The Saudi government will release 316 Indonesians who are serving time in prison,” [...]

Flydubai, the Dubai-based low budget carrier, will begin flights to Riyadh and Jeddah from May 1, 2011, expanding its network to five destinations in Saudi Arabia, the airline’s CEO said Sunday. The new routes are of prime importance in flydubai’s expansion plans, and will supplement its existing routes to Abha, Gassim and Yanbu, CEO Ghaith Al [...]

A plan to build the tallest building on earth — the $30 billion Kingdom Tower in Jeddah, western Saudi Arabia that will stand one mile high — has reportedly been approved. It will take a 12-minute elevator ride to get to the top of the building in Obhur, about 20 miles north of Jeddah City [...]

Al Salem Johnson Controls (ASJC), the Saudi Arabian arm of the multinational company, Johnson Controls (NYSE: JCI), the global leader in delivering products, services and solutions that increase energy efficiency in buildings, successfully helped the new head office of the Ministry of Higher Education (MOHE) in Riyadh to become the first governmental property that fully [...]

Riyadh, 5th April, 2011- Jadwa Investment, a leading Saudi investment bank, has won the ”Best Gulf Countries Fund”, “Best Gulf Countries Islamic Fund” and ”Best Arab Fund”’ Awards for 2010 at the Gulf Lipper Fund Awards 2011 held recently in Dubai. Lipper in collaboration with Thomson Reuters has over 35 years of collective fund industry [...]

Riyadh, Apr 3 2011: nasair, the low fare carrier airline based in Saudi Arabia, recently participated in the 4th Annual Saudi Travel & Tourism Investment Market (STTIM), an event aiming to promote the most successful and promising investment opportunities and tourism services and products that the region has to offer. A group of nasair team [...]

The Saudi Travel and Tourism Investment Market (STTIM 2011), in its 4th edition, is an annual flagship event for the tourism industry of the Kingdom under the auspices of the SCTA, and it is a key recommendation in the “General Tourism Strategy and Action Plan”. The event is an expression that tourism is everyone’s business [...]

Jeddah, Saudi Arabia, March 23, 2011: The last and final day of JEF 2011 included a prolific discussion on Islamic banking and finance with Sheikh Saleh Kamel, as a keynote speaker. Governor of SAGIA HE Amr Al Dabbagh shed light on what Saudi’s Investment plans for the next 5 years. The Chairman of the Jeddah [...]

Jeddah Saudi Arabia, 21st March, 2011: Saudi CEO of Gulf One Bank Dr. Nahid Taher moderated the first session of Day 2 of JEF 2011 titled “The State as Equity Partner”. The session was attended by the CEO of the Saudi Electricity Company, Mr. Ali Al Barrak and Mr. Khalid Mulhem, Director General of Saudi [...]