Technology & IT | Sunday 3 May, 2015 11:59 am

(STC) and (KFUPM) has partnered with Ericsson

Saudi Telecommunications Company (STC) and King Fahd University of Petroleum and Minerals (KFUPM) has partnered with Ericsson to establish a centre of excellence in KFUPM with the aim of preparing Saudi nationals for careers in telecommunications at STC. The initiative focuses on the development of ...

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Business & Money | Sunday 3 May, 2015 1:28 am

Giant tunnel-drilling machine for Riyadh metro launched

A giant tunnel-boring machine (TBM) for the Riyadh metro was launched in Riyadh recently.Launching the TMB at a meeting here, Riyadh Gov. Prince Faisal bin Bandar said it would speed up the metro work.Seven TMBs have been manufactured especially for the project, and will create tunnels of 35 km in...

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Tourism & Hospitality | Sunday 3 May, 2015 12:25 am

KAIA to fly high with new revamp

The 30-year-old King Abdul Aziz International Airport (KAIA) is undergoing a massive overhaul that would further entrench its leading status in the region and the world.The first phase saw two main contracts signed on November 13, 2010, to expand the facility as the main gateway to Jeddah and the...

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Business & Money | Saturday 2 May, 2015 12:20 pm

Saudi Aramco to be restructured

The Kingdom has approved the restructuring of Saudi Aramco, a move that will see it separated from the Petroleum Ministry.The Kingdom’s Supreme Economic Council approved the restructuring plan that had been proposed by Deputy Crown Prince Mohammed bin Salman, second deputy prime minister and...

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Technology & IT | Saturday 2 May, 2015 12:12 pm

Mobily Delivers the First BMW Car as Part of the “Valuable Prizes” Campaign

Etihad Etisalat “Mobily” has delivered the first BMW car as part of the “Valuable Prizes” campaign that was recently launched. The campaign aims to reward all customers who visit the company's outlets around the Kingdom with distinctive package of valuable gifts. This campaign allows all...

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Tourism & Hospitality | Saturday 2 May, 2015 12:59 am

Rixos the Palm reports high occupancy rates

Dubai-based Rixos The Palm achieved 90 % occupancy rates in the first quarter of this year and it expects business to remain strong with an anticipated tourist influx into the emirate, the main business and tourism hub in the region.“We are pursuing our efforts to upgrade and add more facilities...

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Business & Money | Friday 1 May, 2015 10:30 pm

KARL LAGERFELD TO OPEN CONCEPT STORE IN DOHA, QATAR

KARL LAGERFELD is pleased to announce the opening of its concept store in Doha, Qatar, on December 21, 2014. Located in the Lagoona Mall, it is the brand’s first store in the Middle East and its latest addition to a growing retail network worldwide.The DNA of the KARL LAGERFELD portfolio is...

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Business & Money | Friday 1 May, 2015 11:41 am

SAMA ‘will welcome insurance mergers’

Saudi Arabian Monetary Agency (SAMA) would welcome mergers among local insurance companies as long as they were positive for all parties, said Governor Fahad Al-Mubarak.A number of Saudi insurance firms have been loss-making for years because of severe competition in the market, where large...

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Government | Friday 1 May, 2015 11:39 am

Shoura calls royal move visionary

The royal decrees appointing new young leaders in government would boost political, social and economic development in the country, say Shoura Council members and other officials.Several Shoura members said the appointment of Prince Mohammed bin Naif and Prince Mohammed bin Salman as crown prince...

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Environment & Energy | Friday 1 May, 2015 11:30 am

Succession changes ‘positive for oil market’

Custodian of the Two Holy Mosques King Salman's appointment of Crown Prince Mohammed bin Naif and Deputy Crown Prince Mohammed bin Salman would help stabilize world oil markets by strengthening political stability in the Kingdom, Ali Al-Naimi, petroleum and mineral resources minister, was quoted as ...

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