Business & Money | Thursday 25 February, 2016 1:30 am

Labor Ministry pays SR4m in compensation

The Ministry of Labor collected SR4 million from the defaulting recruiting agents to pay aggrieved citizens and residents in the Kingdom. Khalid Abalkhail, the ministry’s media spokesman, said that during the past 12 months, some 1,500 complaints from citizens and residents were received...

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Business & Money | Wednesday 24 February, 2016 4:37 pm

Prospective homeowners given glimmer of hope in KSA

The number of internet searches for home loans in Saudi Arabia is expected to surge, after local news reports in the kingdom suggest the Saudi Arabian Monetary Agency is considering raising the loan-to-value (LTV) ratio on mortgages to 85 per cent from 70 per cent.   The kingdom’s...

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Business & Money | Wednesday 24 February, 2016 4:23 pm

Sadara Chemical Company highlights its environmental protection and sustainability practices and technologies

Sadara Chemical Company (Sadara) highlighted its environmental protection and sustainability practices at the 8th Symposium and Exhibition on Environmental Progress in the Petroleum and Petrochemical Industry (PetroEnvironment) 2016 taking place from Feb 22 – 24 in Dammam, Saudi Arabia under...

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Business & Money | Wednesday 24 February, 2016 12:06 pm

New era of procurement and supply management for business and organisations in all sectors is hailed in the region

A special  one-day event held earlier this month called Building Procurement Capabilities in KSA, was held in the Sofitel hotel in Khobar, in the eastern province of Saudi Arabia to celebrate the success of Saudi Arabian nationals in procurement and supply management and for discussion about...

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Business & Money | Wednesday 24 February, 2016 9:45 am

Closer Cooperation between Aviation Stakeholders Urged to Ensure Industry’s Full Growth Potential is Realised

The International Air Transport Association (IATA) says close collaboration between all aviation stakeholders in Jordan is essential for the continual development of the aviation industry and fundamental towards the country realising its full economic growth potential - expected to be amongst the...

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Business & Money | Wednesday 24 February, 2016 6:30 am

ITFC supports the Groundnut sector of Senegal with a US$75 million agreement with THE GOVERNMENT

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a US$75 million Syndicated Murabaha Financing agreement on Sunday, Feb 21st 2016 with the Government of Senegal, with Suneor (the major player in the Senegalese groundnut sector) ...

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Business & Money | Wednesday 24 February, 2016 4:55 am

New Saudi-made plane ’to take off next year’

A new military transport aircraft manufactured locally will be tested next year after 18 months of development and design. This is according to Prince Turki bin Saud bin Mohammad, president of King Abdulaziz City for Science and Technology.  The AN-132 is the result of cooperation with...

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Business & Money | Tuesday 23 February, 2016 4:34 pm

PRCA to launch new professional association in Middle East and North Africa

The Public Relations Consultants Association (PRCA), the largest PR association in Europe representing and regulating over 18,000 PR individuals has announced the launch of PRCA MENA (PRCA Middle East and North Africa). PRCA MENA will be the professional membership association to represent PR...

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Business & Money | Tuesday 23 February, 2016 2:51 pm

Preferred Partner Mena Market Place Adds High Impact Programmatic Ad Company ‘Just Premium’ to Its Operations

Leading programmatic advertising giant Mena Market Place (MMP) is soaring to new heights. Under the expert guidance of director Nader Bitar who took office in August last year, the company boasts a fresh business approach and strategic new partnerships with industry heavyweights including Just...

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Business & Money | Tuesday 23 February, 2016 2:47 pm

The Red Sea Mall Expands the possibilities of Productive Families

The Red Sea Mall hosted the launch of the permanent "Productive Families Booth," which is sponsored cooperatively by Red Sea Mall and Jeddah's Chamber of Commerce and Industry, supported by "Ala Mazajy" volunteer group, which caters to the care of productive...

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