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BUSINESS

BUSINESS latest

Renaissance Services acquires Socat as part of new growth strategy
April 14th, 2026 - 11:21 GMT

Renaissance Services acquires Socat as part of new growth strategy

Renaissance Services , Oman’s leading integrated facilities management (IFM) and accommodation solutions company, has announced the completion of its acquisition of Socat LLC, the Omani arm of the French multinational Sodexo, as part of a strategic growth initiative. The acquisition further consolidates Renaissance’s market leadership and expands its service capabilities across the Sultanate. Socat’s client base includes commercial and institutional facilities, and this strategic acquisition enhances Renaissance’s operational footprint and adds new value-based facility management (FM) capabilities to the Company’s portfolio. Speaking on the occasion, Samir J Fancy, Chairman of ...
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Software AG successfully held the final leg of its global 'Innovation Tour 2017' recently at the Four Seasons Hotel in Riyadh.
February 1st, 2018 - 10:18 GMT

Software AG’s Innovation Tour 2017 Brings Local Approach to Global Digital Transformation in Riyadh

The Saudi Arabian Monetary Authority (SAMA) has reported a 6.7 percent drop in foreign remittances in 2017, compared to the previous year. (AFP/ File)
February 1st, 2018 - 10:12 GMT

Foreign Remittances Fall to $37 Billion From $41 Billion in 2015: Saudi Arabia

Byblos Bank headquarters in Beirut.
February 1st, 2018 - 10:09 GMT

Byblos Bank Profits up Close to 3 Percent in 2017

The initiative was part of an integrated programme that serves to protect Hatta’s environment and support the Hatta Development Plan.
February 1st, 2018 - 10:08 GMT

Dubai Culture Launches ‘My Environment, My Responsibility’ Initiative in Hatta

As part of the agreement, Samsung is withdrawing its interventions in Qualcomm's appeal of the KFTC decision.
February 1st, 2018 - 09:38 GMT

Qualcomm, Samsung Amend Long-Term Cross-License Agreement

As of December 2017, the total assets of Turkey's banking sector were 3.26 trillion Turkish liras ($862.7 billion), rising 19.4 percent, year-on-year. (Shutterstock)
February 1st, 2018 - 09:30 GMT

Turkey: Banking Sector’s Net Profit Hits All-Time High in 2017, With $13 Billion

The airline will be flying in athletes, equipment, coaches, dignitaries and the media for the occasion.
February 1st, 2018 - 09:25 GMT

Etihad Aviation Group Launches Employee Volunteer Programme for Special Olympics

There are at least four major problems with sending too many job applications. In this article, career expert Rania Oteify explains. (Shutterstock)
February 1st, 2018 - 09:23 GMT

4 Major Problems in Sending Too Many Job Applications

Uber Eats is an on-demand food delivery app that partners with more than 80,000 restaurants in 200 cities around the world.
February 1st, 2018 - 09:10 GMT

Uber Eats Launches in Riyadh This Month

The all-new Santa Fe will showcase a luxurious and striking new SUV design identity.
February 1st, 2018 - 08:51 GMT

Hyundai Motor Unveils First Rendering of the Santa Fe

Al-Faisaliah project is an important developmental step in the Kingdom’s march towards diversifying the economy and activating partnership with the private sector. (AFP/ File)
February 1st, 2018 - 08:43 GMT

Mecca's New Al-Faisaliah City Project to Provide 1 Million Jobs: Official

Dubai Gold and Commodities Exchange (DGCX) is one of the largest and most diversified derivatives bourses in the Middle East.
February 1st, 2018 - 08:41 GMT

DGCX Reports Strong Start to the Year With Record January Volume

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