Business & Money | Sunday 29 May, 2016 4:43 am

80% of hotel jobs in Makkah to be Saudized

The Ministry of Labor and Social Development branch in Makkah province is set to Saudize 80 percent of jobs in the province’s hotels and tourist resorts by the end of 2016. The plan is scheduled to be carried out in cooperation with the Saudi Commission for Tourism and National Heritage...

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Business & Money | Saturday 28 May, 2016 5:47 am

Sadara and Saudi-Korean JV sign supply pact

Sadara Chemical Company (Sadara) has entered into a supply agreement with Surfactants’ Detergent Company (SDC), a joint venture being developed by a Saudi/South Korean consortium which plans to build a chemical production facility in PlasChem Park, located in Jubail Industrial City II. The ...

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Business & Money | Saturday 28 May, 2016 5:40 am

SABIC launches innovation hub

Saudi Basic Industries Corporation (SABIC) has launched an innovation hub that would develop downstream businesses in the petrochemical industry and help build new energy-saving smart homes. Prince Saud bin Abdullah bin Thenayan Al-Saud, SABIC’s chairman, said Wednesday at the launch that ...

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Business & Money | Saturday 28 May, 2016 3:49 am

The Coca-Cola Company Announces New International Structure, Promotes Key Leaders

The Coca-Cola Company today announced a new streamlined international structure to better align its operating units against its global bottling footprint and to promote and develop key Coca-Cola leaders. “Today’s announcement outlines important changes to our international operating...

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Business & Money | Friday 27 May, 2016 5:28 am

Family Business Council-Gulf launches the region’s first GCC Family Business Governance Code

The Family Business Council-Gulf (FBCG), the regional association of Family Business Network International (FBN), launched the first-ever GCC Family Business Governance Code which will serve as voluntary guide on how to organise the family and business together. The code will help family...

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Business & Money | Thursday 26 May, 2016 4:03 pm

Bahri expands European presence with appointment of a General Agent in Spain

Marking a new milestone in its 38-year history, the National Shipping Company of Saudi Arabia (Bahri) has further extended its global footprint with the appointment of Cantabrian Integrated Logistic Services (CILS) as its General Agent in Spain. The move will help Bahri consolidate its presence in...

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Business & Money | Thursday 26 May, 2016 3:05 pm

Sadara Chemical Company and Saudi/Korean JV Sign Supply Agreement for New PlasChem Park Venture

Sadara Chemical Company (Sadara) has entered into a supply agreement with Surfactants’ Detergent Company (SDC), a joint venture being developed by a Saudi/South Korean consortium which plans to build a chemical production facility in PlasChem Park, located in Jubail Industrial City II. The...

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Business & Money | Thursday 26 May, 2016 12:56 pm

IDB Infrastructure Fund II invests in AVIVO Group to help expand the geographic footprint of the platform

AVIVO Group (“AVIVO”), one of the largest healthcare networks in the GCC, with 32 healthcare facilities in the region, is pleased to announce its partnership with IDB Infrastructure Fund II (the “Fund”), sponsored by the Islamic Development Bank and other institutional...

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Business & Money | Thursday 26 May, 2016 12:49 pm

Jeddah and Riyadh lead the region in water quality for its efforts in reusing urban wastewater

Jeddah and Riyadh lead the region in water quality for its efforts in reusing wastewater, according to Arcadis’ Sustainable Cities Water Index. Major cities in the Kingdom are in need of greater investment and prioritization to improve their resiliency due to its geographical...

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Business & Money | Thursday 26 May, 2016 12:09 pm

SEDCO Capital Discusses Saudi Endowments, Prospects & Cases

SEDCO Capital organised its fifth annual “Windows on Markets 2016” event, which focused on Endowments in the Kingdom. Attended by senior company officials and local and international experts, the conference themed “Saudi Endowments, Prospects & Cases”, discussed...

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