Daily Archives: January 19, 2017

U.S. Home Construction Surges

Washington, Rabi’II 21, 1438, Jan 19, 2017, SPA– U.S. builders increased home construction in December, led by a jump in apartment building, while single-family houses lagged, the government said Thursday.The Commerce Department reported that housing …

U.S. Jobless Claims Hit Lowest Level in 43 Years

Washington, Rabi’II 21, 1438, Jan 19, 2017, SPA– The number of Americans filing for unemployment benefits last week fell to the lowest level in more than 43 years, the government said Thursday, offering another sign that more workers enjoy job securit…

Safanad Supports CentralColo Affiliate to Acquire 200,000-Square Foot Data Center in Northern Virginia

Represents Safanad’s second data center investment NEW YORK, Jan. 19, 2017 /PRNewswire/ — Safanad Limited (“Safanad”), a global principal investment firm, is pleased to announce it has acquired its second data center operation in partnership with Industry Capital. Responding to increasing demand for critical data center capacity in key geographic locations, CentralColo Holdings (“CentralColo”) announced […]

Saudi Chambers Council SG meets Italian Ambassador

Saudi Chambers Council SG meets Italian Ambassador

الخميس 1438/4/21 هـ الموافق 2017/01/19 م واس

Riyadh, Rabi’II 21, 1438, January 19, 2017, SPA — Secretary General of Council of Saudi Chambers Dr. Saud bin Abdulaziz Al-Mishari met at his office in Riyadh yesterday Italian Ambassador to the Kingdom Luca Ferrari.
During the meeting, they discussed the participation of the Saudi business sector in Joint Saudi-Italian Committee scheduled to be held in Rome in this month.
For his part, the Italian Ambassador affirmed the importance of cooperation with the Saudi side, especially in light of the Italian side’s interest in the establishment of investment projects in the Kingdom in many areas.
–SPA
13:42 LOCAL TIME 10:42 GMT

UK PM May urges firms to end short-term thinking, show global leadership

DAVOS, Switzerland, Rabi’II 21, 1438, January 19, 2017, SPA — Multinational businesses must avoid short-term thinking and show leadership to help restore faith in globalisation among citizens who feel left behind by the pace of economic change, Britis…

SABIC's profits fall by 4.58% in 2016

SABIC’s profits fall by 4.58% in 2016
Thursday 1438/4/21 – 2017/01/19

Riyadh, Rabi’II 21, 1438, January 19, 2017, SPA — The net profits of Saudi Basic Industries Corporation (SABIC) fell in 2016 by 4.58% up to SR 17.91 billion compared with …

Wall Street Closing

NEW YORK, 21 Rabi’II, 1438,January 19, 2017, SPA — U.S. stocks closed mixed Wednesday.
The dollar gained ground against a basket of currencies. Light sweet crude oil for February delivery lost $1.18 to $51.30 per barrel on the New York Mercantile Exchange, while gold futures dropped $9.40 to $1,203.50 per ounce.
The Dow Jones industrial average fell 22.38, or 0.11 percent, to 19,804.39. The broader Standard & Poor’s 500 index added 4.01, or 0.17 percent, to 2,271.85. The technology-heavy Nasdaq composite index gained 16.93, or 0.31 percent, to 5,555.65.
–SPA
10:24 LOCAL TIME 07:24 GMT

Chinese Cross Border Shoppers Causes Massive Out-of-stock in Germany

SHANGHAI, January 19, 2017/PRNewswire/ — Opening of official retail channel in China helps to cool down massive product demand from Chinese cross-border shoppers in Germany.  Chinese Cross Boarder Shoppers causes massive out-of-stock in Germany. The power of Chinese overseas retail shoppers has again caught the attention of international media. This time several German media channels […]