Business & Money | Sunday 11 January, 2015 12:01 am

Reduced shop working hours to boost Saudization

Experts argue that the Ministry of Labor’s proposal for commercial shops to close at 9 p.m. will boost the Saudization rate in the retail sector by up to 30 percent, especially after the integration of women in the workplace. Samir Hussein, chairman of the human resources committee at the Jeddah...

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Business & Money | Saturday 10 January, 2015 1:37 pm

Three Mega Shows -- Tube Arabia, Arabia Essen Welding & Cutting and Metal Middle East -- kick off today (Saturday)

- International Air Transport Association: “Gulf States allocated $ 313 billion for airport development projects, led by UAE with over $ 23 billion”HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) inaugurated today (Saturday, 10 January 2015) three mega...

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Business & Money | Saturday 10 January, 2015 1:52 am

ATEICO celebrates 31 years of active service

ATEICO, a division of Bushnak Group, has honored Dr. Adil Bushnak and Faisal Bushnak on completion of 31 years of professional relationship. The celebrations were held at The Hilton and were attended by prominent members of the business community.ATEICO General Manager Riaz Mulla welcomed the...

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Business & Money | Saturday 10 January, 2015 1:48 am

GULF INTERNATIONAL BANK UNVEILS THE FIRST CUSTOMER DESIGNED RETAIL BANK IN THE KINGDOM OF SAUDI ARABIA

Meem by GIB (‘meem م’), a progressive retail banking service provided by Gulf International Bank B.S.C. (GIB), was officially launched today at an event in Al Khobar. Over 200 ‘meem م’ customers attended the event, along with members of the media, who all had the opportunity to experience ...

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Business & Money | Saturday 10 January, 2015 1:41 am

Govt to come down hard on ‘tasattur’

The Commerce and Industry Ministry has intensified its campaign against illegal business ventures (tasattur) being conducted by expatriates in the name of Saudis as part of efforts to put an end to what it called “the most dangerous practice” affecting the Kingdom’s business community.A...

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Business & Money | Friday 9 January, 2015 1:11 am

Fee hike for seasonal work visas proposed

The Shoura Council’s human resources committee has proposed an increase in fees for seasonal visas, with SR1,000 for the visa and a further SR1,000 for an extension.The proposal is part of amendments to regulations governing visas for temporary and seasonal workers announced recently in a royal...

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Business & Money | Friday 9 January, 2015 12:55 am

twofour54 continues its leading role in training talented media

twofour54, the commercial arm of the Media Zone Authority - Abu Dhabi continues its leading role in supporting Arab youth across the region to boost their skills in the media industry. This week a top-level delegation from twofour54 including HE Noura Al Kaabi, twofour54 Chief Executive Officer and ...

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Business & Money | Friday 9 January, 2015 12:34 am

ROLLS-ROYCE MOTOR CARS CELEBRATES FIFTH SUCCESSIVE SALES RECORD

Rolls-Royce Motor Cars has today revealed record sales results for a fifth consecutive year, with 4,063 cars sold globally during 2014. This exceptional result means that sales have more than quadrupled since 2009.Strong sales were reported worldwide, with double-digit growth in most regions, North ...

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Business & Money | Thursday 8 January, 2015 2:11 pm

Riyadh to host Saudi and international academics, business and political leaders for the 8th Global Competitiveness Forum

This year’s theme ‘Competitive Governments’ draws together an impressive group of over 50 speakers from 22 different countries to discuss the positive impact national competitiveness can have on local, regional and global economic and social development.The Global Competitiveness Forum...

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Business & Money | Wednesday 7 January, 2015 8:38 pm

Panasonic launches sleek 3-in-1 juicer blender and grinder providing maximum extraction

Tapping into the juicing and smoothie trend, Panasonic Marketing Middle East and Africa (PMMAF) has introduced a perfect must-have equipment for every kitchen- the 3-in-1, made in Malaysia juicer blender, MJ-DJ31, providing users with convenient and quick juicing, blending and even grinding options ...

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