Business & Money | Sunday 29 May, 2016 10:11 am

Deloitte: Alternative solutions needed to fund capital projects in GCC

The new economic reality of lower oil prices will constrain the amount of funding available to the Gulf Cooperation Council’s (GCC) governments to finance capital and infrastructure projects it the region.  These governments will hence have to make tough choices such as cuts in public...

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Business & Money | Sunday 29 May, 2016 6:39 am

Kingdom tops the GCC in quality awards

Saudi Arabia led the GCC in the number of projects winning recognition at the recently concluded 2016 MEED Quality Awards for Projects, in association with Mashreq. The kingdom was the standout performer, picking up five awards, followed by the United Arab Emirates and Oman with three trophies...

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Business & Money | Sunday 29 May, 2016 5:40 am

“New Beginnings”: Persil Abaya Shampoo empowers Saudi women

In association with Al Bir Society Jeddah which supports women and empowers productive families in Saudi Arabia, Persil Abaya Shampoo of Henkel is proud to launch for the second consecutive year the “New Beginnings” campaign in line with the holy month of Ramadan, as a step towards...

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Business & Money | Sunday 29 May, 2016 5:36 am

Shoura sits on proposal for 8 years

The Shoura Council has not yet decided on a proposal submitted about eight years ago to reduce various charges for recruitment of domestic workers, farmers and herdsmen. The proposal, submitted by two former Shoura members, Mohammad Al-Quaihes and Abdullah Al-Dosari, was initially approved by the...

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Business & Money | Sunday 29 May, 2016 4:56 am

SABIC hosts Innovation Day reflecting support for Saudi Arabia’s NEW VISION

SABIC showcased a range of futuristic, innovative products at the second edition of its bi-annual Innovation Day in Riyadh on May 25 and 26, demonstrating how research excellence has played a large part in making the company an outstanding success story, driving the petrochemical industry forward,...

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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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