Business & Money | Saturday 22 August, 2015 1:38 am

MOL sets rules for expat transfer of sponsorship

The Ministry of Labor has restricted local firms from submitting applications for the transfer of an expatriate worker’s services more than once, if the transfer process of a previous application has been completed even if the application for the transfer of the worker has come from another...

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Business & Money | Friday 21 August, 2015 3:26 am

Nuclear energy talks with South Korea under way

Officials from King Abdullah City for Atomic and Renewable Energy (K.A.CARE) and the South Korean embassy held talks here this week on nuclear energy projects. Waleed Husain Abu Alfaraj, K.A.CARE vice president, met with South Korean Ambassador Kim Jin-soo at the K.A.CARE headquarters....

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Business & Money | Friday 21 August, 2015 3:20 am

Civic poll campaigns aren't cheap

Candidates standing in the upcoming municipal council elections would have to spend considerable amounts on campaigning to get elected, with a spot as chairperson likely to cost between SR10,000 and SR2 million, according to a report in a local publication on Thursday. The reason candidates are...

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Business & Money | Friday 21 August, 2015 1:13 am

Prince Khaled reviews progress of Jeddah mass transit project

Makkah Gov. Prince Khaled Al-Faisal reviewed the Jeddah transportation projects, their development and future plans on Thursday. The meeting was attended by Prince Mishaal bin Majed, governor of Jeddah, Hani Abu Ras, mayor of Jeddah, Saad bin Mohammed, adviser to Prince Khaled, Osama Abdouh, CEO ...

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Business & Money | Thursday 20 August, 2015 2:43 pm

“Bahra cables company” Factory Back in Business after Fire

Bahra advanced cable manufacture co. Ltd announced that work is starting to come back after the confined fire incident in one of its production floors took place on Monday, 17th of august 2015 that caused the death of four employees.   In its official statement, Bahra Cables Company...

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Business & Money | Thursday 20 August, 2015 2:32 pm

ZTE Applies for Over 50 New Core Patents for Its Flagship Axon Phone

ZTE, a leading global mobile device maker, today announced that it has applied for over 50 new core patents for its global flagship Axon phone. ZTE Axon versions are currently available in the U.S. and China, and have reinforced ZTE’s position as the most successful Chinese manufacturer in...

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Business & Money | Thursday 20 August, 2015 2:26 pm

Saxo Bank ‘Prioritising’ Saudi Investors as Dedicated Arabic Website

Saxo Bank, the online trading and investment specialist, has launched a dedicated Arabic website as part of its latest drive to encourage retailers and investors across Saudi Arabia to utilize its pioneering SaxoTraderGO platform – a new and intuitive, multi-asset trading...

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Business & Money | Thursday 20 August, 2015 10:15 am

Rimini Street Increases Investment in Latin America, Appoints Industry Veteran to Lead Market Expansion

Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG’s (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Hyperion and Oracle Retail...

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Business & Money | Thursday 20 August, 2015 9:13 am

Afton Chemical Receives Approval to Expand Their New Singapore Manufacturing Facility

Afton Chemical Corporation has received approval from the NewMarket Corporation board to begin construction of the new second phase of its chemical additive manufacturing facility on Jurong Island, Singapore. The construction of the first phase (previously announced in July, 2012) is scheduled to...

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Business & Money | Thursday 20 August, 2015 9:04 am

Kyriba Surpasses 1,000 Clients Worldwide, Continues Rapid Growth

Kyriba Corp., the global leader in cloud Proactive Treasury Management, announced that it now has more than 1,000 organizations and 45,000 users worldwide, making it the world’s largest single platform treasury management software solution. Kyriba added nearly 100 new clients in the first...

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