Business & Money | Sunday 17 June, 2018 6:05 am

6th batch of Saudi Sakani housing program launched

The Housing Ministry and the Real Estate Development Fund (REDF) on Saturday announced the launch of the sixth batch of the Sakani (Housing) program. The batch’s 23,769 products include housing units under development in partnership with qualified real estate developers; free land; and real...

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Business & Money | Sunday 17 June, 2018 4:10 am

Saudi, UAE envoys brief counterparts on Hodeidah situation

Saudi Ambassador to Yemen Muhammad Al-Jaber and UAE Ambassador to Kingdom Sheikh Shakhbut Bin Nahyan Al-Nahyan met on Saturday with ambassadors of the five permanent members of the UN Security Council and a number of other ambassadors accredited to the Kingdom. During the meeting at the...

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Business & Money | Saturday 16 June, 2018 7:36 pm

New Korean ambassador signals golden age of ties with Saudi Arabia

New South Korean Ambassador to Saudi Arabia JO Byung Wook has heralded a new age of “win-win economic cooperation” between the two countries. He said that he expected to witness a dynamic transformation in the Kingdom under Vision 2030 and hoped to continue the legacy of...

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Business & Money | Saturday 16 June, 2018 5:34 pm

Siemens wins $2 bln contract to build new London Tube trains

A division of Germany’s Siemens has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new trains for the Piccadilly Line on London’s metropolitan train network, known as the Tube. Transport for London (TfL), the public body in charge of the...

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Business & Money | Friday 15 June, 2018 5:05 am

GE considers manufacture of gas turbine generators in Saudi Arabia

General Electric, the giant American engineering conglomerate, is considering manufacturing its latest series of high-technology power generators in Saudi Arabia. If it decides to go ahead, it would be a big boost for the Kingdom’s economy and its strategy of moving away from dependency on...

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Business & Money | Friday 15 June, 2018 4:44 am

PepsiCo distributes over 2,000 Ramadan packages across KSA

In celebration of Eid Al Fitr, PepsiCo, the global food and beverage company, partnered with AlBer Charity in Riyadh, Al Barakah Charity in Dammam, and Al Ahyaa Center in Jeddah to distribute more than 2,000 packages containing food and beverages to underprivileged...

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Business & Money | Thursday 14 June, 2018 4:39 pm

Memac Ogilvy unveils new Cairo office as part of major Egypt reshuffle

Regional creative powerhouse Memac Ogilvy yesterday unveiled its new Cairo office as part of a major restructure in Egypt.  The award-winning, global agency has moved house to Maadi, next to Technology City. The change comes as part of Memac Ogilvy’s ongoing commitment to modernizing...

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Business & Money | Thursday 14 June, 2018 5:25 am

Tristar Group’s Jebel Ali warehouses receive DMCC’s 5-star rating for second and third consecutive years

Tristar Group’s two warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive years, respectively.   Shivananda Baikady, General Manager-Road Transport and Warehousing,...

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Business & Money | Wednesday 13 June, 2018 3:58 pm

"Their Suhoor Is on Us” Initiative Concludes Successfully With Over 40’000 Meals Distributed

The second edition of “Their Suhoor is on Us” initiative, launched this Ramadan by the Community Development Authority and sponsored by Barclays among others, has concluded successfully with the end of the Holy month of Ramadan.   The initiative, which falls in line with the...

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Business & Money | Wednesday 13 June, 2018 3:35 pm

Al-Futtaim ACE celebrates Eid with exciting offers and activities

Al-Futtaim ACE is celebrating Eid with 25-75% off 25,000 product lines available both in-store and online.    Customers can enjoy exciting deals on quality products from home, DIY, outdoor and garden products and the offers also extend to electronics products from Plug Ins including ...

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