Business & Money | Saturday 1 August, 2015 5:05 am

Aramco fulfills housing dream of Saudis

Saudi Aramco said it has financed building 63,000 houses for Saudis through the citizen house owning program implemented by the company.  The company said it has granted 1,037 loans to Saudis to build new houses in 2014, stressing that this program helps increase the quality of life for its...

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Tourism & Hospitality | Saturday 1 August, 2015 4:03 am

Size of tourism industry crosses SR100m mark

The size of the tourism industry has crossed the SR100-million mark with around 130 organizations in the field and the revenues generated through festivals are approximately SR11 billion annually, experts have said.  The figures have been provided by industry experts to the Saudi...

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Government | Saturday 1 August, 2015 4:01 am

Governor reviews Haj 1436 readiness

Makkah Gov. Prince Khaled Al-Faisal met with leaders of security forces in the region on Thursday to discuss future plans and mechanisms to limit infiltrators from entering the holy sites via land passageways during Haj. During the meeting, heads of security forces presented their respective...

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Environment & Energy | Saturday 1 August, 2015 3:57 am

Saudi Arabia keeps oil output at record pace

OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices. The latest boost from the Organization of the Petroleum...

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Business & Money | Saturday 1 August, 2015 2:25 am

Western Union Celebrates its 20th Anniversary in Africa

Western Union Company (NYSE:WU), a leader in global payment services, today celebrated its 20th anniversary in Africa. With over 34,000 locations and connections to millions of bank accounts and mobile wallets in more than 50 countries and territories, across Africa, the Western Union network...

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Business & Money | Saturday 1 August, 2015 1:43 am

Global IT Provider Completes Acquisition of usable, UI/UX design firm

Synechron, the largest independent pure-play technology consulting and outsourcing provider for the financial services industry, today announced the acquisition of usable, a U.S.-based boutique UI/UX design firm. The acquisition strengthens and further expands Synechron’s digital design and...

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Business & Money | Saturday 1 August, 2015 1:30 am

Payments Security & Authentication Global 2015 Conference & Expo

Debuting this year, the Payments Security & Authentication Global summit will bring together futurists, cyber security and payments professionals from across the region to discuss how to protect their customers through developing and upscaling secure payments infrastructure. Co-located with...

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Business & Money | Saturday 1 August, 2015 1:23 am

AmTrust signs up to ReMetrica for Life, Health & Pensions

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), has licensed ReMetrica for Life, Health & Pensions to insurer AmTrust at Lloyd’s. ReMetrica is Aon Benfield’s risk and capital modelling platform. One of the ...

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Technology & IT | Saturday 1 August, 2015 1:20 am

Mindware bolsters its ERP on a Cloud and marketplace based application with 3i-Infotech’s Orion 11j

Mindware, a Dubai based virtualization-focused distributor adopts 3i Infotech’s ORION 11j product as its ERP solutions for their Cloud based application. This agreement holds significant importance, as it is 3i Infotech’s first ERP implementation to be adopted on a Cloud based...

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Business & Money | Saturday 1 August, 2015 1:17 am

IATA Disappointed by Aéroports de Paris 2016-2020 Airport Charges Agreement

The International Air Transport Association (IATA) criticized the decision by the French Government to allow the operator of Paris-Charles de Gaulle (CDG) and Paris-Orly (ORY) airports to continue increasing airport charges for each year of the 2016-2020 period. The French government’s...

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