Browsing: Business

Saudi Arabia is seeking to attract as much as $80 billion in private investment into the tourism industry as the Kingdom looks to share the financial burden of plans to become one of the world’s most visited destinations.

The Dubai government’s latest initial public offering sold out as soon as books opened, with investors rushing to snap up shares in the city’s public-parking business.

Saudi Finance Minister Mohammed Al-Jadaan said Tuesday that the Kingdom’s economy was currently in excellent shape, and the government would reconsider imposing a financial fee on dependents in light of its vision to attract new talent to the market.

Unilever Plc is announcing more ambitious emissions-cutting goals, targeting suppliers and even the shops that stock its brands, despite concerns from investors that non-financial objectives have become a distraction for the company.

Emirates President Tim Clark threw his support behind Boeing Co.’s leadership as the manufacturer works through a crisis of confidence in the wake of a near-catastrophic accident in January, saying the company understands what needs to be fixed and that the reintegration of a key supplier is a first step in the right direction.

Abu Dhabi-based Etihad Airways announced Wednesday earning a $143 million profit last year, citing an increase in passengers as fueling the narrow profit.

RIYADH: Saudi Arabia’s Al-Jouf province offers a fertile investment landscape, attributed to the abundance of renewable energy and a robust…

RIYADH: Energy firm Aramco’s technology arm was one of several companies to sign deals at the LEAP conference, along with global brands Nokia, IBM, and Mobily.

RIYADH: Investors in Saudi Arabia will benefit from a new license aimed at reducing the bureaucracy involved in getting construction projects off the ground.

RIYADH: Saudi Arabia’s global logistics services are set to improve following the launch of a new system by the Kingdom’s maritime body, which aims to provide over 250 e-services at its ports.