Business & Money | Wednesday 11 February, 2015 12:33 am

We aim to expand our success by reaching 2 million young adults below the age of 25

SEDCO Holding Group, founders of Riyali Program for Financial Literacy, participated in the third HOPE Global Forum Annual Meeting this year, hosted by Operation HOPE, the leading non-profit global financial organization. Under the theme of “Reimagining the Global Economy: Expanding Free...

More Details

Business & Money | Tuesday 10 February, 2015 2:18 pm

The 5th Rawabi Talent Exhibit for the First Time in Tabuk

In partnership with the Human Resources Development Fund, Rawabi Holding Group launched the 2nd round of the 5th Rawabi Talent Exhibit hosted at the Prince Sultan Cultural Centre, in the presence of the Vice Chairman Ali bin Abdulaziz Turki and a number of government officials and private sector...

More Details

Business & Money | Tuesday 10 February, 2015 7:29 am

No black market inGrand Mosque relics

The Presidency of the Two Holy Mosques Affairs has rejected reports that rare antiquities found during the expansion of the Grand Mosque has been selling for thousands of riyals on the black market.This comes in the wake of revelations in the local media that items have been sold to collectors for...

More Details

Business & Money | Monday 9 February, 2015 8:10 am

ARCADIS Announces Middle East Leadership Following Hyder Acquisition

ARCADIS, the leading global natural and built asset design and consultancy firm, announced its new Middle East regional leadership following the acquisition of Hyder Consulting in October 2014. Wael Allan will take the role of ARCADIS CEO for the Middle East region. Wael was previously Hyder...

More Details

Business & Money | Monday 9 February, 2015 7:41 am

Labor move gives firms Saudization relief

The Labor Ministry has softened its Saudization drive in favor of businesses by canceling a previous decision that demanded 13 weeks for confirmation of a Saudi’s appointment as a full employee under Nitaqat.Under the new decision, a Saudi would be calculated in the Nitaqat system soon after his...

More Details

Business & Money | Sunday 8 February, 2015 1:26 pm

Williams-Sonoma launches the Vitamix Total Nutrition Center

Williams-Sonoma, the specialist for gourmet cookware and home entertaining, has launched the Vitamix Total Nutrition Center, a model exclusive to Williams-Sonoma, Kuwait. The Vitamix Total Nutrition Center is one of the best-performing and most versatile tools for home and commercial use. Millions...

More Details

Business & Money | Friday 6 February, 2015 6:48 am

Banks can’t cut loan installment from employee bonus — SAMA

The Saudi Arabian Monetary Agency (SAMA) has ordered all Saudi banks not to touch the two-month salary bonus granted by Custodian of the Two Holy Mosques King Salman to all Saudi government and military employees, retirees and students.According to Talat Hafiz, secretary-general of Media and...

More Details

Business & Money | Friday 6 February, 2015 5:57 am

SCTA's recruitment roadshow kicks off

The Saudi Commission for Tourism and Antiquities (SCTA) has launched one of its biggest recruitment roadshows for citizens in the hospitality sector with more than 2,000 jobs on offer.SCTA, in collaboration with the Human Resource Development Fund and the National System for Joint Training, has...

More Details

Business & Money | Thursday 5 February, 2015 3:42 pm

Innovation agenda a key focus for GCC governments, says GPCA

Regional governments have put innovation front and center on their national agenda, as evidenced by the growing R&D budgets in the Arabian Gulf, said the Gulf Petrochemicals and Chemicals Association (GPCA). With Saudi Arabia and Qatar making up the top 40 investors in research and development...

More Details

Business & Money | Thursday 5 February, 2015 2:21 pm

MEFIC Capital Distribute Al-Qannas Fund Dividends

The Board of Director of Al-Qannas Fund, managed by Middle East Financial Investment Company “MEFIC Capital”, a leading Investment House, licensed and regulated by the Capital Market Authority of Saudi Arabia, has approved the distribution of the fund’s annual net yield of 8%.Al-Qannas Fund...

More Details