Business & Money | Thursday 17 March, 2016 5:05 am

Labor minister launches outreach service for incoming expat workers

The Ministry of Labor launched an expatriate outreach service at King Khaled International Airport (KKIA) in Riyadh on Tuesday to help new incoming expatriate workers to the Kingdom facilitate their successful stay in the Kingdom. Labor Minister Mufrej Al-Haqabani inaugurated the service in the...

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Business & Money | Thursday 17 March, 2016 3:19 am

North Africa Commits to Homeland Security, with Defense Spending Growing to USD 31 Billion by 2020

North Africa’s strong defense spending will reach USD 31 billion by 2020, emphasizing the commitment to regional security and national resilience, industry experts announced today at ISNR 2016.   Demonstrating the strong business opportunities, defense spending by the five North...

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Business & Money | Thursday 17 March, 2016 2:07 am

Ihab A. Khalil to Spearhead BCG Middle East’s Financial Services/Principal Investors & Private Equity Practice

Ihab A. Khalil has just assumed the role of Partner & Managing Director of BCG Middle East’s Financial Services/Principal Investors & Private Equity (PIPE) practice – one of the firm’s key priority areas in the region. Based in Dubai, Khalil’s new position will see...

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Business & Money | Wednesday 16 March, 2016 12:16 pm

Drones Lead Middle East’s High Tech Homeland Security at ISNR

Drones are leading the Middle East’s high-tech homeland security, with the most advanced solutions being demonstrated at ISNR 2016 in Abu Dhabi this week.   The 530 exhibiting companies, including global leaders such as BAE Systems, Dyncorp, L-3 Communications, NEC Global, and...

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Business & Money | Wednesday 16 March, 2016 7:10 am

Saudi US Business Opportunities Forum March 22-23, 2016

In a complex global environment, it is often difficult to find reliable business partners, staunch geopolitical allies, and longstanding friends.  The relationship between the United States of America and the Kingdom of Saudi Arabia continues to be strong.  The United States is Saudi...

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Business & Money | Wednesday 16 March, 2016 6:11 am

SR3.6bn financing for Jeddah Economic City Project

Alinma Jeddah Economic City Fund has secured Shariah compliant financing of up to SR3.6 billion from Alinma Bank recently. Formulating the financial model of the project with Alinma Bank was finalized based on a financing strategy that fulfills the project’s needs in accordance with the...

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Business & Money | Wednesday 16 March, 2016 5:08 am

Al-Haqbani admits failure in Saudization in some sectors

Minister of Labor Mofrej Al-Haqbani admitted on Tuesday that the ministry has failed to implement Saudization in some sectors. He attributed this mainly to the lack of coordination and non-involvement of some agencies. He made the remarks after launching an awareness program for the newly...

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Business & Money | Wednesday 16 March, 2016 3:08 am

Haramain rail test runs positive

Test runs have proved that there is no need to change the present track of Haramain high speed railway that links the holy cities of Makkah and Madinah via Jeddah. “Not any of these tests have showed the need to change the track of Haramain rail,” a senior official of the Saudi...

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Business & Money | Wednesday 16 March, 2016 3:04 am

The First Meeting of the Joint Saudi-Russian Coordination Committee‎

The first meeting of the joint Saudi-Russian coordination committee on nuclear power was held, headed by Waleed bin Hussain Abu Al-Faraj, the deputy chairman of  King Abdullah City for Atomic and Renewable Energy, from the Saudi part, the Russian party being represented by Kirill...

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Business & Money | Tuesday 15 March, 2016 12:52 pm

Boehringer Ingelheim expands presence in the Kingdom

Boehringer Ingelheim announced today the opening of its new offices in Jeddah. Expanding its presence in the Kingdom, this new office opening marks a major milestone in the long established partnership between Boehringer and Cigalah offering international quality therapies.   This...

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