Business & Money | Sunday 3 January, 2016 10:55 am

Maaden begins initial production at Barrick copper JV

Saudi Arabian Mining Co. (Maaden) has began initial production of copper at its joint venture affiliate with Canada’s Barrick Gold Corp, the Gulf’s largest miner said in a bourse statement. Maaden Barrick Copper Co, owned equally by the pair, will have an estimated annual production...

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Business & Money | Saturday 2 January, 2016 10:01 am

KSA vows more talks with OPEC partners

Saudi Arabia is committed to oil market stability and would continue consulting with its partners in the Organization of Petroleum Exporting Countries (OPEC), including Algeria, on production levels, said Foreign Minister Adel Al-Jubeir. Al-Jubeir made the comments at a joint press conference...

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Business & Money | Saturday 2 January, 2016 9:38 am

Gold loses luster in worst slump since 1984

Gold’s image as a haven asset has taken a battering with the metal capping its longest slump in more than 30 years as investors sold from bullion-backed funds. Bullion futures fell for a sixth-straight quarter, the longest slump since 1984, and lost 10 percent this year.  Prices, which ...

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Business & Money | Saturday 2 January, 2016 9:35 am

Over 33,000 pupils enter Saudi talent contest

A total of 33,000 young Saudi students have entered the annual government-sponsored science and mathematics contest. Adel Abdulrahman Al-Qaeed, deputy secretary-general of King Abdulaziz and His Companions Foundation for Giftedness and Creativity (Mawhiba), said Wednesday the closing date is Jan....

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Business & Money | Saturday 2 January, 2016 4:25 am

Construction sector has 5,389 female workers

The Human Resources Development Fund (Hadaf) has said that 5,389 women have been employed in the field of building and construction (contracting). Out of 249,197 employment opportunities provided in the sectors, 34 percent were in the commercial sector, 17 percent in the contracting sector, and 16 ...

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Business & Money | Saturday 2 January, 2016 3:24 am

Youth involvement in development stressed

Makkah Gov. Prince Khaled Al-Faisal laid the foundation stone of the Bahrah development center at Al-Bayda village on Wednesday. Bahrah, a town located between Makkah and Jeddah, is part of the Makkah region’s sustainable development project. Prince Khaled expressed his happiness over the ...

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Business & Money | Friday 1 January, 2016 5:28 am

Alwaleed Philanthropies-sponsored society receives Stars Impact Award

ALWALEED PHILANTHROPIES, chaired by Prince Alwaleed Bin Talal, sponsors The Right to Live Society (RLS), which has received the 2015 Stars Impact Award. RLS provides healthcare and education services to children in the Gaza Strip diagnosed with Down Syndrome and autism. According to the...

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Business & Money | Friday 1 January, 2016 3:31 am

GE, Aramco plan to set up National Power Academy

General Electric (GE) successfully ended 2015 with the signing of a memorandum of understanding (MoU) with Saudi Aramco to establish the National Power Academy (NPA). Speaking to Saudi Gazette, Hisham Al-Bahkali, president and chief executive officer of GE Saudi Arabia & Bahrain, spoke about ...

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Business & Money | Friday 1 January, 2016 3:25 am

Bangladesh to send more maids upon KSA request

On a request made by the Saudi government, Bangladesh will increase the number of housemaids coming to the Kingdom from Dhaka. The announcement of the new development was made on Thursday following the bilateral talks held here between Minister of Labor Mufarrej bin Saad Al-Haqbani and visiting...

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Business & Money | Thursday 31 December, 2015 3:17 pm

Fitterling Joins the Sadara Board of Directors

James R. Fitterling, vice chairman and chief operating officer of The Dow Chemical Company, has been appointed to the Board of Directors of Sadara Chemical Company (Sadara), effective January 1, 2016.    Mr. Fitterling succeeds William Weideman, who has served as a member of...

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