Business & Money | Sunday 29 April, 2018 10:54 am

New project to reduce youth unemployment in KSA’s small towns

The Governorate of Makkah region, in cooperation with King Abdullah Economic City (KAEC), plans to launch a project to qualify, train and employ 10,000 young male and female university graduates in small towns in the region before the end of 2020, in coordination with more than 200 companies and...

More Details

Business & Money | Sunday 29 April, 2018 10:46 am

Saudi Aramco appoints first woman to the board

Saudi Arabia’s Aramco oil company has appointed its first female board member among five new members to its board of directors, according to a statement issued on its official website on Sunday. Lynn Laverty Elsenhans, former Chairwoman, President and CEO of Sunoco Inc. was appointed as...

More Details

Business & Money | Saturday 28 April, 2018 7:10 pm

Al Qudra Holding records AED 212.4 million consolidated profit for 2017

At the Annual General Meeting for 2017, the Board of Directors of Al Qudra Holding P.J.S.C. announced that the company has achieved great results at all levels and presented its 2017 full activity report for the financial year ending December 31st, 2017.   H.E. Mohamed Bin Thaaloob Al...

More Details

Business & Money | Saturday 28 April, 2018 1:16 pm

Nakheel and Vienna House to create USD160 million beachfront resort at Dubai’s Deira Islands

Dubai-based master developer Nakheel is planning a new partnership with Austria’s largest independent hotel chain, Vienna House, to create a USD160 million, 600-room beachfront resort at Deira Islands, adding yet another international hospitality brand to the emirate’s ever-growing...

More Details

Business & Money | Saturday 28 April, 2018 1:06 pm

UITP MENA Transport Congress & Exhibition 2018 Is a Success

Under the patronage of H.H Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, The Roads and Transport Authority (RTA) in Dubai hosted the UITP MENA Transport Congress & Exhibition 2018 from 23rd-25thApril 2018 atthe Dubai...

More Details

Business & Money | Saturday 28 April, 2018 12:28 pm

Saudi commercial mortgage law's executive regulation Issued

The Ministry of Commerce and Investment issued the executive regulation of the commercial mortgage law, pursuant to Article (45) of the law issued by Royal Decree No. (M/86) dated April 24, 2018, which states that "the minister shall issue the regulations within (60) days of date of...

More Details

Business & Money | Saturday 28 April, 2018 12:26 pm

OIC, EU hold talks for Palestinian people

 A delegation from the executive committee of the Organization of Islamic Cooperation (OIC) held talks in Brussels with EU foreign policy chief Federica Mogherini on the US decision to recognize Jerusalem as Israel’s capital and move its embassy there from Tel Aviv. OIC...

More Details

Business & Money | Friday 27 April, 2018 5:10 am

Al-Awwad approves executive bylaw for electronic publication

The Minister of Culture and Information Dr. Awwad Al-Awwad has approved the executive bylaw for electronic publication of all kinds and forms, Saudi Press Agency (SPA) reported Thursday. The executive bylaw comprises 17 articles specifying mechanisms for electronic publication activities of all...

More Details

Business & Money | Friday 27 April, 2018 4:09 am

Saudi Arabia has lion’s share of regional philanthropy

Nearly three quarters of philanthropic foundations in the Middle East are concentrated in Saudi Arabia, according to a new report. The study, conducted by researchers at Harvard Kennedy School’s Hauser Institute with funding from Swiss bank UBS, also found that resources were highly...

More Details

Business & Money | Friday 27 April, 2018 3:38 am

Sultan Al Qasimi Donates USD 1 Million to Fuel Outstanding Humanitarian Efforts of Malaysia’s Dignity 
for Children Foundation

His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah has donated USD 1 million to the Children for Dignity Foundation from Malaysia to fuel their on-going efforts to offer educational and support services to the marginalised and displaced...

More Details