Company in Saudi Arabia

  • Saudi Aramco confirms Amin Nasser as new president

    SAUDI ARABIA, 2015/09/21 A veteran executive with oil giant Saudi Aramco, Amin Nasser, has been confirmed as the company's president, the Dhahran-based firm said Thursday. Nasser had been interim president and CEO since May at the same time as his predecessor, Khalid al-Falih, became health minister. Falih continues as chairman. Nasser's appointment came Wednesday at the initial conference of the Saudi Aramco Supreme Council since the company was spun off from the oil ministry in May.

  • Saudi business initiative sowing its seeds

    SAUDI ARABIA, 2015/04/02 Lateefa al-Waalan just wanted to make Arabic coffee simple: no additional labourious mixing of ingredients and careful attention to boiling. Supported by a Saudi programme to foster, or "incubate", technology-based businesses with high increase potential, she developed a machine to produce Arabic coffee at the push of a button -- the initial of its kind. In the process, Waalan and her Yatooq company became emblematic of efforts to diversify the oil-dependent kingdom's economy and employ additional Saudis, particularly women. Yatooq is one success story from the business incubation programme, known as Badir (meaning "to initiate"), but it's not the only one.

  • Woman has been named to chief an investment bank in Saudi Arabia

    SAUDI ARABIA, 2014/03/06 Saudi Arabia's NCB Capital has appointed Sarah Al-Suhaimi as its chief executive, the investment bank said on Tuesday, the initial time a woman has been named to chief an investment bank in the conservative kingdom. Suhaimi, before chief of investment management and chief investment officer at Jadwa Investment in Saudi Arabia, replaces Tariq Linjawi, who was acting chief executive. The appointment still needs approval by Saudi financial regulators. NCB Capital, with about $12 billion of assets under management, is a unit of National Commercial Bank, Saudi Arabia's major bank.

  • Saudia, will celebrate the golden jubilee of its initial flight to Dubai

    SAUDI ARABIA, 2014/02/19 Saudi Arabian Airlines, Saudia, will celebrate the golden jubilee of its initial flight to Dubai this Wednesday.
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