Tourism & Hospitality | Saturday 24 December, 2016 9:38 am

Landmark Arabia announces lucky winners of Visit & Win campaign

LANDMARK Arabia, the leading retail conglomerate in Saudi Arabia, hosted lucky draws in five locations across the Kingdom as part of the first round of the “Visit & Win” contest. Visitors to all of Landmark Arabia’s stores in the Kingdom participated in the draw, resulting in...

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Business & Money | Friday 23 December, 2016 7:21 am

More than a third of budget goes to education, health and development

More than a third of Saudi expenses will be in two key emerging sectors: the education with more than SR200 billion, and the health and social development sector with SR120 billion. The figures allocated for the education and health and social development sectors represent 36% of the total...

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Tourism & Hospitality | Friday 23 December, 2016 5:39 am

Etihad Airways and Montenegro Airlines Sign Codeshare Agreement

Etihad Airways, the national airline of the United Arab Emirates (UAE), and Montenegro Airlines, the flag carrier of the Republic of Montenegro, have signed a codeshare agreement that provides travellers with enhanced connectivity when flying between Southeast Europe and the Middle...

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Business & Money | Friday 23 December, 2016 5:19 am

No tax for citizens, expats

Minister of Finance Mohammed Al-Jadaan said that there won’t be any tax on Saudi citizens or expatriates or any Saudi companies. Al-Jadaan also announced the launch of the 2020 fiscal balance program and the Citizen’s Account initiative. The minister was addressing a press...

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Business & Money | Friday 23 December, 2016 5:07 am

Saudi budget signals economic recovery, say economists

Saudi Arabia’s 2017 budget and spending boost announced Thursday suggests its finances are on the road to recovery, economists said, although one forecast that austerity measures would return. The oil price crash plunged the Kingdom’s budget into the red, recording a severe deficit of...

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Government | Friday 23 December, 2016 4:15 am

Economy strong enough to tackle all challenges: King

CUSTODIAN of the Two Holy Mosques King Salman on Thursday underlined the need for ensuring implementation of the general budget very carefully in a way achieving comprehensive and balanced development and improve the services being extended to the citizens. The King made the remarks in his...

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Business & Money | Friday 23 December, 2016 3:26 am

The Saudi TASNEE is Platinum Sponsor of ArabPlast 2017 in Dubai

Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held from 8th to 10th of January 2017 at the Dubai Exhibition and convention Centre. Co-organised by Al Fajer Information and Services and German exhibition organiser Messe Dusseldorf,...

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Business & Money | Friday 23 December, 2016 3:18 am

Dubai Police Unveils ‘Crime Prediction’ Software

Space Imaging Middle East (SIME) is pleased to announce that Crime Prediction- its latest predictive policing software- has been successfully launched by the Dubai Police force.   The software, which is the first of its kind in the region, was developed in support of the UAE’s...

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Cars & Autos | Friday 23 December, 2016 2:38 am

30 years on: Nissan’s iconic 1987 Paris-Dakar rally car rides again

After exactly 30 years away from the public eye, Nissan has brought one of its most iconic motorsport machines back to life. The stunning 1987 Nissan Patrol Fanta Limon Paris-Dakar rally car has been fully restored to its former glory, and made an emotional return to its spiritual home in the sand...

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Government | Thursday 22 December, 2016 4:16 pm

Saudi budget 2017: Deficit forecast to drop to SR 198 billion

Saudi Arabia’s deficit is projected to decline by a third next year, according to a budget statement that is seen as a step toward eliminating the shortfall altogether by 2020. The deficit for 2016 stands at SR 297 billion, around 9 percent lower than forecast, and far below the high of SR...

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