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In "BUSINESS"
JEDDAH — On May 4, 2019, a year after the national launch event in Dammam, the local assembly of the all-new Actros truck started at National Automobile Industries (NAI) plant in Jeddah.Juffali Industrial Products Company (JIPCO), the exclusive authorized general distributor of Mercedes-Benz Commercial Vehicles in Saudi Arabia, was justifiably proud of this achievement. “Having officially announced the launch of the all-new Actros heavy-duty trucks into Saudi Arabia last year, we at JIPCO and NAI factory, are happy to announce that the new Actros will be assembled by Saudi hands, as of today,” said Heiko Schulze, General Manager of JIPCO and NAI Factory, adding that “JIPCO now offers a wide range of services that includes customer service solutions.”The Actros has been the...
May 04, 2019
NAI starts local production of all-new Mercedes-Benz Actros
RIYADH — Al Wefaq Rent a Car, which is a leading company in Saudi Arabia and the Middle East, has announced a strategic partnership with “Europecar”; a leading European company listed in Euronext Paris.
The agreement, which comes into force on May 1, 2019, signed in Shaza Hotels, will provide better services to the customers of the two companies through serving Al-Wefaq customers at all Europcar branches around the world, as well as all Europcar customers in all Al-Wefaq branches in Saudi Arabia.
The agreement, which was signed in Riyadh, provides easy service to customers in more than 140 countries around the world and in more than 80 branches in Saudi Arabia and all its airports. The services provided include online booking and payment through the website and application,...
May 04, 2019
Al Wefaq Rent a Car enters into new partnership with Europcar
RIYADH – The Kempinski Ramadan Tent has witnessed a great turnout during the past years. Therefore, with the approach of the holy month of Ramadan, Burj Rafal Hotel Kempinski has announced the launch of the “Kempinski Ramadan Tent”, rejoicing in the month of Ramadan, and celebrating with guests. The tent portrays unique Arabic heritage and is a great example of mixing traditional and modern attributes. The tent, which is built specifically for the blessed month of Ramadan, covers 2,000 sq m and can accommodate up to 800 visitors, who will experience the colors of Ramadan at its best.Saeed Al Aseeri, Hotel Manager, said: “We would like to celebrate the arrival of this holy month with everyone, and we are eager to welcome our guests at the Ramadan Tent with the authentic ambiance...
May 04, 2019
Burj Rafal Hotel Kempinski launches traditional ‘Kempinski Ramadan Tent’
May 04, 2019
Marriott Riyadh celebrates Ramadan with a distinctive touch
May 03, 2019
Adidas shares hit record as e-commerce boosts profits
OSLO — Norway's $1.1 trillion sovereign wealth fund, the world's largest, made record returns on investment in the first quarter amid a surge in tech stocks.Separately, the fund is assessing whether to make an investment in ride-hailing company Uber Technologies Inc , which is planning an initial public offering, its chief executive told Reuters.The fund earned 738 billion Norwegian crowns ($84.15 billion) for the January-March period, the highest amount it has ever recorded.When measured in terms of the fund's international currency basket, the return for the quarter stood at 9.1 percent, beating its benchmark, it added."The first quarter was an exceptionally good quarter," fund CEO Yngve Slyngstad told reporters.Apple Inc made the most positive contribution to the...
May 03, 2019
Norway's wealth fund made record returns in Q1, looking at Uber IPO
May 03, 2019
World Bank to boost lending to Africa to help fight poverty — Malpass
May 03, 2019
Fiat Chrysler shares soar after CEO hints at tie-ups
May 03, 2019
SoftBank mulls IPO of $100bn Vision Fund -source
RIYADH — First Abu Dhabi Bank (FAB) has officially inaugurated its Saudi Arabia operations during a ceremony at its new Riyadh branch. The opening is a key milestone in FAB’s international expansion plans that will help to further strengthen commercial ties between the United Arab Emirates and Saudi Arabia.The ribbon-cutting ceremony was attended by Dr. Ahmed Abdulkarim Alkholifey, governor of the Saudi Arabian Monetary Authority (SAMA), Khaldoon Khalifa Al Mubarak, chairman of the Board Executive Committee of FAB, Jassim Mohammed Al Siddiqi, chairman of the Board Audit Committee of FAB, Dr. Fahad Ibrahim Alshatri, deputy governor for censorship at SAMA, and Abdulhamid Saeed, group chief executive officer of FAB, along with other members of the bank’s senior leadership.The new...
May 02, 2019
UAE-Saudi Arabia commercial ties further boosted with inauguration of first FAB branch in Riyadh
