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

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 …