Business & Money | Wednesday 25 February, 2015 12:16 am

ALKHABEER ANNOUNCES 5% OF SHARE PAR VALUE TO SHAREHOLDERS

Alkhabeer Capital, a leading asset management and investment firm in Saudi Arabia, announced today that its Board of Directors approved the audited financial statement of 2014 and made a recommendation to the General Assembly to distribute cash dividends of SR 40.7 million to its shareholders for...

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Business & Money | Tuesday 24 February, 2015 6:01 pm

‘Reverse Auctions Can Boost Low-Emission Technologies’ Says Expert

Speaking ahead of the Solar Middle East Conference, which takes place on 3 March at Solar Middle East, Cameron Kelly, Legal Counsel for the New Port Project, says that reverse auctions mechanisms can help governments deliver competitively priced electricity, as well as secure long term financial...

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Business & Money | Tuesday 24 February, 2015 3:40 pm

The Kingdom Smart Cities and Smart Provinces Summit to kick off tomorrow in Riyadh

We are one day away from discussing a detailed research initiative by Nispana Innovative Platforms Pvt. Ltd. The governments supportive and tireless efforts in bringing the best of innovation to the Kingdom of Saudi Arabia’s infrastructure while recognizing the need for development in terms of...

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Tourism & Hospitality | Tuesday 24 February, 2015 3:09 pm

ATM roadshow returns ‘home’ to meet key industry players ahead of 2015 showcase; Emirates’ top 10 tourism projects touch US$40 billion investment

Arabian Travel Market’s 2015 roadshow series returns to familiar home ground tomorrow (25th February 2015) as the Reed Travel Exhibitions team hosts the UAE leg of its eight city tour in Dubai.A number of exhibitors are expected to attend the open forum event, which will see ATM representatives...

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Cars & Autos | Tuesday 24 February, 2015 2:40 pm

"Ferrari FF" Di Luna debuts in Saudi Arabia

Fast Auto Technic, the exclusive dealer for Ferrari cars in Saudi Arabia, revealed an exclusive edition of Ferrari FF "Di Luna", specifically for the Saudi market. The new car offers special and exclusive features, and represents the strongest expression of individual customization for Ferrari...

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Government | Tuesday 24 February, 2015 2:20 pm

King Salman to honour winners of 37th annual King Faisal International Prize

Winners of the 37th annual King Faisal International Prize will be honoured by the Custodian of the Two Holy Mosques, HRH King Salman at a glittering ceremony at Al Faisaliah Hotel in Riyadh on Sunday, March 01.Awarded for the first time in 1979, the King Faisal International Prize (KFIP)...

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Healthcare | Tuesday 24 February, 2015 8:39 am

‘Children less susceptible to MERS infection’

Children are less likely to contract the Middle Eastern Respiratory Syndrome coronavirus (MERS-CoV), according to Dr. Mohammed Al-Shehri, a communicable diseases consultant.“However, we should take appropriate precautions because children very often contract cold and flu, whose symptoms are...

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Business & Money | Tuesday 24 February, 2015 8:36 am

Recruitment of female domestic workers cost more than males

Female domestic workers registered the highest recruiting costs on the Ministry of Labor’s Musaned web page, with an increase of more than ten times the costs to recruit men in other professions, according to the latest data posted on the website.Costs to recruit a Vietnamese female worker stood...

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Business & Money | Tuesday 24 February, 2015 8:33 am

GCC to link traffic and business systems

The six members of the Gulf Cooperation Council (GCC) plan to link part of their traffic, business and customs systems in March to provide easier coordination and data exchange.The GCC e-government ministerial committee will formally launch its joint portal at its meeting next month. This was...

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Technology & IT | Tuesday 24 February, 2015 8:30 am

CITC move to cut phone tariffs welcomed

Expats and Saudis alike have welcomed the Communication and Information Technology Commission' s new decision to reduce the call rates of mobile and landline phones by 40 percent. This step is expected to encourage mobile phone users to talk for longer durations.Calling prices in the Kingdom were...

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