Business & Money | Saturday 3 January, 2015 10:02 am

Govt warns against quick-money schemes

The Ministry of Interior has cautioned citizens against hoax phone calls which make fake offers promising instant monetary gains.The cautionary note came in the wake of reports by the Ministry of Foreign Affairs that said that several citizens had been tricked into parting with huge sums of money...

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Business & Money | Friday 2 January, 2015 2:00 am

Al-Jasser: Slide in oil price could lead to review of five-year plan

Minister of Economy and Planning Mohammed Al-Jasser has said that the government will review the current five-year development plan if oil prices continue to fall affecting revenue to finance the planned projects.“We are following oil market developments. Making changes to the five-year plan is...

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Business & Money | Friday 2 January, 2015 1:59 am

New phase of Nitaqat announced

The third phase of Nitaqat Saudization program will be implemented on Rajab 1 (April 20) with advanced systems to create more jobs for citizens in the private sector, said Labor Minister Adel Fakeih on Thursday.Addressing students and staff at King Abdulaziz University, he said his ministry was...

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Business & Money | Thursday 1 January, 2015 3:11 pm

After third quarter 2014 GROHE Group on sustained uptrend with global growth

GROHE Group continues to grow. With sales up by around six percent, the Group generated sales of SAR 5.258 billion in the first nine months of this year, compared with SAR 4.966 billion in the same period of 2013. On a constant exchange rate basis, sales growth was no less than eight percent.With...

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Business & Money | Thursday 1 January, 2015 2:23 pm

Kingdom of Saudi Arabia accounts for 70 per cent of total GCC packaging market

The Kingdom of Saudi Arabia (KSA) maintains 70 per cent share of the GCC’s total packaging industry as per recent industry studies, with local business posting a 15 per cent annual growth. Due to a widespread use of plastic as a raw packaging material over glass and metal, packaging has emerged...

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Business & Money | Thursday 1 January, 2015 10:24 am

KAEC prepares phase-two of Industrial Valley project

The King Abdullah Economic City (KAEC) is preparing the Industrial Valley phase- two land plots in continuation of phase one that is linked to King Abdullah Port. This comes by granting expert contractors to ensure a comprehensive infrastructure and sophisticated services that meet all the...

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Business & Money | Thursday 1 January, 2015 9:52 am

Crown prince: Charity sets us apart from other nations

Women nongovernmental organizations (NGOs) and charities dominated the winners of this year’s King Khaled Award, indicating the growing role of Saudi women in social welfare and empowerment.Crown Prince Salman, deputy premier and minister of defense, handed over the prizes and awards on behalf of ...

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Business & Money | Thursday 1 January, 2015 9:50 am

80 countries to participate in Marrakesh WAMY conference

The 12th conference of World Assembly of Muslim Youth (WAMY) will be in the historical Moroccan city of Marrakesh from Jan. 29 to Feb. 1.Announcing this, Saleh Al-Wohaiby, secretary general of the WAMY, told a press conference here that WAMY conference is themed “Youth in Changing World.”...

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Business & Money | Monday 30 November, -0001 12:00 am

RAKEZ enters into strategic alliance with FAB

Ras Al Khaimah Economic Zone (RAKEZ) and First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s safest financial institutions, have signed an agreement to offer RAKEZ clients special banking benefits and solutions designed specifically to meet their business...

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Business & Money | Monday 30 November, -0001 12:00 am

Senior Security Decision Makers Gather in Riyadh for IDC Security Roadshow

International Data Corporation (IDC) today hosted more than 200 of Saudi Arabia's most influential security decision makers at the Burj Rafal Hotel Kempinski in Riyadh for the 2019 edition of the IDC Security Roadshow. Running under the theme of 'Business Security: Risk &...

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