Business & Money | Tuesday 10 March, 2015 7:29 am

Transport, telecom services reviewed

The Council of Economic and Development Affairs held a meeting in Riyadh on Monday under the chairmanship of Defense Minister Prince Mohammed bin Salman, chief of the Royal Court, and discussed matters related to transport, telecom services and other development projects.The meeting heard a...

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Business & Money | Tuesday 10 March, 2015 6:41 am

Eight-year limit on expats’ stay to be implemented in stages

The Labor Ministry has denied a report that it plans to limit the stay of foreign workers to eight years, but a ministry source on Monday insisted that the proposal is being studied and would be implemented. The source was quoted in a local publication as saying that the implementation would be...

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Business & Money | Tuesday 10 March, 2015 12:21 am

Jeddah Deputy Mayor Officially Inaugurates The Big 5 Saudi

Jeddah Municipality Deputy Mayor, Eng. Abdullah Mohammed Al-Qarni last night officially inaugurated The Big 5 Saudi – international building and construction show, which celebrates its 5th anniversary this year. The event runs every day from 4:00 -10:00pm at Jeddah Centre for Forums and Events...

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Business & Money | Monday 9 March, 2015 3:32 pm

NADEC Inaugurates New Food & Beverage R&D Innovation Center

NADEC Foods, one of the leading food, dairy and beverage companies in the Middle East and North Africa (MENA), today announced the inauguration of its new Research and Development (R&D) Innovation Center in Haradh City, Saudi Arabia. The state-of-the-art center will serve as a hub for the...

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Business & Money | Monday 9 March, 2015 12:48 pm

SABIC to produce new innovative polymer range

SABIC commercially launched a new range of non-phthalate polymer products developed at its technology center in Riyadh to fulfill customer demands for advanced solutions in various segments such as hygiene fabrics, and flexible packaging. In light of the changing market requirements, customers the...

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Business & Money | Monday 9 March, 2015 12:30 pm

Good performance in a challenging environment

2014 was a successful year for Henkel. In a challenging and very competitive market environment we achieved our financial targets and made very good progress in implementing our strategy 2016,” said Henkel CEO Kasper Rorsted. “All three business units contributed with profitable organic growth...

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Business & Money | Monday 9 March, 2015 10:10 am

GOIC signs a Memorandum of Understanding with KOTRA

The Gulf Organization for Industrial Consulting (GOIC) signed a Memorandum of Understanding (MoU) with the Korea Trade-Investment Promotion Agency (KOTRA) on Sunday, March 8, 2015 at the Hilton Doha. The MoU aims at facilitating cooperation and coordination between the two parties in an effort to...

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Business & Money | Monday 9 March, 2015 7:58 am

German firms urged to explore new opportunities in KSA

Saudi Arabia and Germany are seeking to develop their economic ties, the SPA news agency reported after talks in Riyadh between officials from the two countries.“The amount of trade and joint investments does not reflect the economic potential of both countries’ economies,” said Finance...

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Business & Money | Monday 9 March, 2015 7:53 am

Grow local talents, Fakeih tells firms

Labor Minister Adel Fakeih urged private sector companies and public sector institutions to focus on developing talents of local human resources.Representing Fakeih, Technical and Vocational Training Corporation (TVTC) Gov. Ali Al-Ghafis delivered the keynote address at the Third Edition of the...

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Business & Money | Monday 9 March, 2015 12:31 am

Mindshare wins “Dar Al Bandar Global Group” digital media business

Dar Al Bandar Group – Centerpoint, Citymax, Home Center, EMax – (a group which also includes Splash, Lifestyle, Shoe Mart, New Look, Koton, Shoexpress, babyshop, Iconic) has announced the appointment of “Mindshare” a Group M company to manage its digital media advertising portfolio knowing...

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