Sunday 26 October 2014
 
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Jeddah

Jeddah set for top interior design show

Decofair 2014, a premium furniture and interior design show, will boast of the largest exhibitor presence on record when it gets underway next month in Jeddah, Saudi Arabia. Taking place from November 10 to 13 at the Jeddah Centre for F

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Accor to operate three new hotels in Jeddah

Accor Hotel Services Middle East, one of the world’s leading hospitality groups, has signed management agreements with Alesayi Group to operate three hotels in Jeddah, Saudi Arabia, as part of a wider project combining office, retail and h

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Sedco launches in-house managed Islamic fund

Jeddah-based Islamic investment firm Sedco Capital has launched the first fund managed by its own in-house team, looking to bulk up its asset management capabilities, the firm said on Monday. The Gulf equities fund, domiciled in L

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Kingdom Tower to employ tallest crane

The Kingdom Tower, the world's tallest tower project coming up north of Jeddah, Saudi Arabia, will set another new world record by employing the world’s tallest construction crane. The skyscraper, which will soar more th

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Jeddah airport new facilities to open in 2016

More than 69 per cent of the work related to the expansion project of Jeddah’s King Abdulaziz International Airport (KAIA) has been completed, a senior official has said. The new facility will start operations by early 2016, Princ

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$12bn Jeddah Metro to roll out by 2022

The Jeddah Metro, which will cost about SR45 billion ($11.9 billion) to build, will be ready by 2022, a top official was quoted as saying in a report. The new project is aimed at reducing traffic congestion in the business city, s

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Saudi tests man for suspected Ebola

Saudi Arabia is testing a man for suspected Ebola infection after he returned recently from a business trip to Sierra Leone, the Health Ministry said on Tuesday. It said the man, a Saudi in his 40s, was at a hospital in the Red Se

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IDB places $1 billion sukuk

Jeddah-based Islamic Development Bank (IDB) issued $1 billion in five-year Islamic bonds, or sukuk, earlier this month, the largest privately-placed transaction from the supranational institution. IDB, which promotes economic deve

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