Business & Money | Monday 5 January, 2015 1:03 am

New deal for residential development fund

SEDCO Development, a major Jeddah-based real estate developer and a subsidiary of SEDCO Holding Group, signed with Dar Al-Wessal, a company specialized in marketing residential projects, to market its residential units. These units pertain to the AlAhli SEDCO Residential Development Fund and are...

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Business & Money | Sunday 4 January, 2015 10:04 am

KSA among investment safe countries

The Saudi Arabian General Investment Authority, or SAGIA, has reiterated that foreign investment regulations in the Kingdom provide investors with a safe environment by ensuring all the rights of investment firms or those who wish to invest in the Kingdom.It said that all decisions related to...

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Business & Money | Sunday 4 January, 2015 12:27 am

NCB CAPITAL WINS BEST ASSET MANAGER IN THE MIDDLE EAST AWARD

NCB Capital, the leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has won the Best Asset Manager in the Middle East Award at the Islamic Business & Finance Awards 2014.Presented at a gala ceremony held at the Emirates Towers hotel in Dubai, which ...

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Business & Money | Sunday 4 January, 2015 12:23 am

An Audience of 3 thousand expected to join the 60 experts at the eighth Global Competitiveness Forum

Under the patronage of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, the activities of the eighth Global Competitiveness Forum (GCF) are set to kick off on January 25.  Three thousand Saudi and foreign business-specialists are expected to participate as well as a...

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Business & Money | Saturday 3 January, 2015 10:02 am

Govt warns against quick-money schemes

The Ministry of Interior has cautioned citizens against hoax phone calls which make fake offers promising instant monetary gains.The cautionary note came in the wake of reports by the Ministry of Foreign Affairs that said that several citizens had been tricked into parting with huge sums of money...

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Business & Money | Friday 2 January, 2015 2:00 am

Al-Jasser: Slide in oil price could lead to review of five-year plan

Minister of Economy and Planning Mohammed Al-Jasser has said that the government will review the current five-year development plan if oil prices continue to fall affecting revenue to finance the planned projects.“We are following oil market developments. Making changes to the five-year plan is...

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Business & Money | Friday 2 January, 2015 1:59 am

New phase of Nitaqat announced

The third phase of Nitaqat Saudization program will be implemented on Rajab 1 (April 20) with advanced systems to create more jobs for citizens in the private sector, said Labor Minister Adel Fakeih on Thursday.Addressing students and staff at King Abdulaziz University, he said his ministry was...

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Business & Money | Thursday 1 January, 2015 3:11 pm

After third quarter 2014 GROHE Group on sustained uptrend with global growth

GROHE Group continues to grow. With sales up by around six percent, the Group generated sales of SAR 5.258 billion in the first nine months of this year, compared with SAR 4.966 billion in the same period of 2013. On a constant exchange rate basis, sales growth was no less than eight percent.With...

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Business & Money | Thursday 1 January, 2015 2:23 pm

Kingdom of Saudi Arabia accounts for 70 per cent of total GCC packaging market

The Kingdom of Saudi Arabia (KSA) maintains 70 per cent share of the GCC’s total packaging industry as per recent industry studies, with local business posting a 15 per cent annual growth. Due to a widespread use of plastic as a raw packaging material over glass and metal, packaging has emerged...

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Business & Money | Thursday 1 January, 2015 10:24 am

KAEC prepares phase-two of Industrial Valley project

The King Abdullah Economic City (KAEC) is preparing the Industrial Valley phase- two land plots in continuation of phase one that is linked to King Abdullah Port. This comes by granting expert contractors to ensure a comprehensive infrastructure and sophisticated services that meet all the...

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