Business & Money | Saturday 14 February, 2015 12:21 pm

Minister’s visit strengthens Saudi Arabia-New Zealand relationship

New Zealand Associate Trade Minister Todd McClay has today concluded bilateral talks in Riyadh, Saudi Arabia. “My visit was an opportunity to further strengthen our relationship and highlight New Zealand’s commitment to partnering with Saudi Arabia in areas including food security,...

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Government | Saturday 14 February, 2015 11:49 am

KSA inflation at lowest levelsince September 2012

Saudi Arabia’s inflation fell to 2.2 percent in January, according to official data.The Central Department of Statistics released the January consumer price data on Thursday, showing inflation at its lowest level since at least September 2012, when the current data series began.Prices of housing...

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Business & Money | Saturday 14 February, 2015 11:47 am

Prince Alwaleed and Prince Charlesdiscuss investments in Riyadh talks

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Prince Charles, the prince of wales, and an accompanying delegation in Riyadh at Kingdom Resort.The meeting began as Prince Charles thanked Prince Alwaleed for his hospitality and warm welcome.Prince Charles and Prince...

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Business & Money | Saturday 14 February, 2015 11:42 am

Saudi listed retail firms’ profits rise 10% to $2.7bn

Net profits of the listed retail firms grew by 10 percent to SR2.7 billion by the end of 2014 compared to SR2.5 billion in 2013, according to a financial report.The profit growth was mainly driven by the increased profits of five companies, namely Jarir Marketing, Saudi Automotive Services Co....

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Business & Money | Saturday 14 February, 2015 11:36 am

Microsoft targets more mobile-productivity app purchases

Microsoft CEO Officer Satya Nadella has a new strategy to make the company a purveyor of popular mobile applications: Acquire them.The software company is planning over the next few months to buy mobile-productivity applications that work on Apple and Google operating systems, according to people...

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Government | Saturday 14 February, 2015 11:29 am

Work on Riyadh Metro tunnel to start in 2 months

Work on the tunnel for the first line of the Riyadh Metro is expected to start after two months with the arrival of the spare parts of the tunnel boring machine (TBM) imported from Germany.“The spare parts for the TBM have arrived. Assembling the TBM takes two months,” said a source whose...

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Business & Money | Saturday 14 February, 2015 11:01 am

NCB Capital Launches AlAhli Freestyle Saudi Equity Fund

NCB Capital, the region’s leading wealth manager and the Kingdom of Saudi Arabia’s largest asset manager has launched the AlAhli Freestyle Saudi Equity Fund. The fund is an open-ended Shariah-compliant fund that aims to achieve superior growth in capital through a more concentrated investment...

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Environment & Energy | Friday 13 February, 2015 8:02 am

New campaign aims to improve fuel efficiency

The Saudi Center for Energy Efficiency at King Abdul Aziz City for Science and Technology (KACST) will launch a campaign to increase public awareness to reduce vehicles’ fuel consumption. The campaign will kick off Feb. 15 and will also tackle drivers’ behavior to optimize fuel use behind the...

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Government | Friday 13 February, 2015 7:57 am

Shoura Council calls for more judges and courts

A drop in the number of judges and the high number of vacancies at the Justice Department has led to the accumulation of unresolved court cases, especially in the most populated regions, the Shoura Council revealed.Shoura members urged the Ministry of Justice to fill vacant jobs in judiciary, as...

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Government | Friday 13 February, 2015 7:55 am

Fingerprinting gains speed with more centers, mobile e-service

Riyadh Passport Department deployed Wednesday two mobile units offering e-services at two major locations.One was in King Khaled University Hospital at King Saud University’s main campus and the other at King Saud Medical Complex (formerly Al-Shumaisy Hospital) in southeast central part of the...

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