Business & Money | Tuesday 1 December, 2015 5:03 am

Cabinet welcomes ‘soaring’ SR200bn nonoil exports

The Cabinet on Monday welcomed the recommendations of the 34th meeting of the GCC Interior Ministers in Doha and highlighted the statement made by Crown Prince Mohammed bin Naif at the meeting on the importance of global cooperation to fight terrorist organizations and their financiers, said...

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Business & Money | Tuesday 1 December, 2015 4:55 am

Makkah Emir: New Jeddah airport will start operation by end of 2017

The new upgraded King Abdulaziz International Airport will start experimental operation in the last quarter of 2017, according to Prince Khaled Al-Faisal, emir of Makkah and advisor of Custodian of the Two Holy Mosques. The giant project, which will have world-class facilities, will be a major...

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Business & Money | Tuesday 1 December, 2015 4:05 am

Absher eases Jawazat workflow

The General Directorate of Passports is continuing its efforts to fight fraud and attempts to circumvent visa regulations, said director Suleiman Al-Yahya. “We are implementing the directives of Crown Prince Mohammed bin Naif, deputy premier and interior minister, to overcome all...

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Business & Money | Tuesday 1 December, 2015 4:01 am

Donations for disabled children urged

More donations are needed to assist children with disabilities in the Kingdom because treatment costs for one child is about SR100,000 a year, said Prince Sultan bin Salman. Prince Sultan, who is the chairman of the Disabled Children’s Association (DCA), was quoted as saying by a local...

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Business & Money | Tuesday 1 December, 2015 12:45 am

WCU: Oil market turning attention to Opec and Saudi Arabia

Hedge funds have accumulated the first net-short across key commodities and following six weeks of continuous selling the sector paused ahead of several critical event risks over the coming weeks.  Continued focus on oversupply ahead of the December 4 Opec meeting kept oil under pressure,...

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Business & Money | Monday 30 November, 2015 3:55 pm

Art Dubai Announces Galleries Participaiting In Its Tenth Edition

Art Dubai announced today the list of galleries participating in its tenth edition, taking place at Madinat Jumeirah, Dubai, March 16-19, 2016.   Reaffirming its reputation as the most global of art fairs, Art Dubai 2016 features the largest and most internationally diverse line-up to...

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Business & Money | Monday 30 November, 2015 3:35 pm

International credit rating agencies Moody's and Fitch affirm Gulf International Bank's ratings

International credit rating agencies Moody’s and Fitch have both recently affirmed Gulf International Bank’s (GIB) credit ratings. Fitch affirmed GIB's long term credit rating at 'A' with a stable outlook. Moody’s Investors Service (Moody’s) affirmed GIB’s...

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Business & Money | Monday 30 November, 2015 3:25 pm

EMP Partners with PayFort International to Deliver Enhanced E-Commerce Services to Merchants

Emerging Markets Payments (EMP), the leading payments processing company in Africa and the Middle East, has announced a partnership with PayFort International to deliver enhanced e-commerce services to merchants in Jordan.    PayFort is a trusted online payment service provider...

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Business & Money | Monday 30 November, 2015 1:54 pm

Samsung Electronics Redefines Quality Standards in Heating, Ventilation, and Air Conditioning Technologies

The main drivers behind Saudi Arabia’s air conditioner market growth are extreme climatic conditions, rising income levels and rapidly growing infrastructure. They will lead to an increase in electricity consumption and higher consumer expectations in technology advancements. Companies...

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Business & Money | Monday 30 November, 2015 1:46 pm

PwC’s Academy honoured at the ICAEW Middle East Accountancy and Finance Excellence Awards

PwC’s Academy received the “Excellence in training and development of finance professionals” award last week at the prestigious awards ceremony, the Middle East Accountancy and Finance Excellence Awards event in Dubai. Held under the patronage of H.H. Sheikh Nahyan Bin Mubarak Al...

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