Business & Money | Wednesday 16 March, 2016 6:11 am

SR3.6bn financing for Jeddah Economic City Project

Alinma Jeddah Economic City Fund has secured Shariah compliant financing of up to SR3.6 billion from Alinma Bank recently. Formulating the financial model of the project with Alinma Bank was finalized based on a financing strategy that fulfills the project’s needs in accordance with the...

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Business & Money | Wednesday 16 March, 2016 5:08 am

Al-Haqbani admits failure in Saudization in some sectors

Minister of Labor Mofrej Al-Haqbani admitted on Tuesday that the ministry has failed to implement Saudization in some sectors. He attributed this mainly to the lack of coordination and non-involvement of some agencies. He made the remarks after launching an awareness program for the newly...

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Business & Money | Wednesday 16 March, 2016 3:08 am

Haramain rail test runs positive

Test runs have proved that there is no need to change the present track of Haramain high speed railway that links the holy cities of Makkah and Madinah via Jeddah. “Not any of these tests have showed the need to change the track of Haramain rail,” a senior official of the Saudi...

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Business & Money | Wednesday 16 March, 2016 3:04 am

The First Meeting of the Joint Saudi-Russian Coordination Committee‎

The first meeting of the joint Saudi-Russian coordination committee on nuclear power was held, headed by Waleed bin Hussain Abu Al-Faraj, the deputy chairman of  King Abdullah City for Atomic and Renewable Energy, from the Saudi part, the Russian party being represented by Kirill...

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Business & Money | Tuesday 15 March, 2016 12:52 pm

Boehringer Ingelheim expands presence in the Kingdom

Boehringer Ingelheim announced today the opening of its new offices in Jeddah. Expanding its presence in the Kingdom, this new office opening marks a major milestone in the long established partnership between Boehringer and Cigalah offering international quality therapies.   This...

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Business & Money | Tuesday 15 March, 2016 9:30 am

Dow Jubail Operations Ships First Batch of Reverse Osmosis Elements to Emerging Markets

 The Dow Chemical Company (NYSE: DOW) is celebrating the inaugural shipment of its DOW FILMTEC™ Reverse Osmosis elements from its new Saudi Arabia Dow Water & Process Solutions’ (DW&PS) Jubail Operations manufacturing facility.  This first shipment is...

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Business & Money | Tuesday 15 March, 2016 8:55 am

UAE Flag Formed of Largest Human Gathering

Major General Ahmed Nasser Al Raisi, Inspector General of the Ministry of Interior, Deputy Chairman of the Higher Organising Committee of International Exhibition for National Security and Resilience (ISNR 2016), witnessed on Sunday morning the breaking of the World Guinness record when the biggest ...

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Business & Money | Tuesday 15 March, 2016 8:19 am

‘AYKON City’ Launches First Hotel Rooms for Sale Overlooking Sheikh Zayed Road and Dubai Canal

  Hotel rooms starting at AED 1 million promise high return on investment    DAMAC Properties announced today the launch of a limited release of hotel rooms within the iconic AYKON City project to be centrally located on Sheikh Zayed Road in Dubai’s Golden Quadrant,...

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Business & Money | Tuesday 15 March, 2016 4:24 am

Agreement signed to bring innovative commercial solutions to the GCC

Entermarkets, the UAE-headquartered, innovation and technology company focused on consultancy and product development, has today announced the official signing of an agreement with Luxgateway and Octopian to jointly offer end-to-end digital solutions across the GCC. The agreement with Luxgateway ...

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Business & Money | Tuesday 15 March, 2016 3:27 am

GROHE reveals its latest innovations at 3rd Annual Africa Hotel Expansion Summit

GROHE, world leading German manufacturer in sanitary fittings, showcased its commitment to the African market shaping the industry with outstanding products at the 3rd Annual Hotel Expansion Summit. Organized in Lagos Nigeria, the summit created a platform for discussions on the new developments of ...

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