Business & Money | Friday 6 March, 2015 11:50 am

Commercial building rents to be regulated

The Ministry of Commerce and Industry is welcoming opinion of experts on regulating rent contracts for commercial real estate property and find solutions for rising real estate rents.Those interested can express their opinion by logging into the ministry’s website mci.gov.sa/lease. But the...

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Business & Money | Friday 6 March, 2015 11:17 am

Housing in Makkah ‘too expensive for families’

The SR500,000 home loan provided by the government for citizens is not enough to pay for a three-bedroom apartment with a living room in Makkah, developers and real estate experts said recently.The average family would need to take out an extra SR150,000 to SR200,000 just to buy an apartment built...

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Business & Money | Friday 6 March, 2015 11:10 am

Expats have right to keep their passports

The Labor Ministry has reiterated that it is the right of foreign workers to keep their passports and official documents.“Anybody violating this rule will face serious penalties,” said Taysir Al-Mofraj, the ministry’s spokesman.According to him, holding on to employees’ passports does not...

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Business & Money | Thursday 5 March, 2015 1:58 pm

Lamb Weston / Meijer publishes key results of sustainability programme

Potato processing leader makes real progress with 2020 sustainability roadmap.Lamb Weston / Meijer, one of the top three producers of processed potato products in Europe, the Middle East and Africa (EMEA), today published its third sustainability report. Lamb Weston is the market leader in the...

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Business & Money | Thursday 5 March, 2015 8:11 am

9,700 traders visit Saudi Plastic & Petrochem show

Saudi Plastic & Petrochem 2015 and Saudi Print & Pack 2015 successfully concluded the three-day run with an attendance of more than 9,700 trade visitors. The shows, which were organized by Riyadh Exhibitions Company and held at the Jeddah Center for Forums & Events, witnessed the participation of...

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Business & Money | Thursday 5 March, 2015 12:47 am

New products in Frankfurt: top international brands at ISH 2015

Over 2,465 exhibitors from 59 countries will present their products and innovations at ISH – The World’s Leading Trade Fair for The Bathroom Experience, Building Services, Energy, Air Conditioning Technology and Renewable Energies – in Frankfurt from 10 to 14 March 2015. Top brands are...

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Business & Money | Wednesday 4 March, 2015 1:40 pm

GOIC welcomes GCC ambassadors

GOIC Secretary General Mr. Abdulaziz Bin Hamad Al-Ageel received ambassadors of GCC countries and Yemen to the State of Qatar accompanied by His Excellency Ambassador Ibrahim Yousef Fakhro, Director of the Department of Protocol of the Ministry of Foreign Affairs in Qatar. His Excellency Mr....

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Business & Money | Wednesday 4 March, 2015 12:51 pm

HONEYWELL FORECASTS STEADY GLOBAL HELICOPTER DEMAND FOR NEXT FIVE YEARS

In its 17th annual Turbine-Powered Civil Helicopter Purchasing Outlook, Honeywell Aerospace (NYSE: HON) expects that 4,750-5,250 civilian-use helicopters will be delivered during 2015-2019. Overall, five-year demand for turbine-powered, civil helicopters remains steady versus the 2014 five-year...

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Business & Money | Wednesday 4 March, 2015 9:48 am

For the Third Year in a row - Al Baraka Islamic Bank wins “Best Islamic Bank in Bahrain” Award

- Al Baraka Islamic Bank B.S.C (c) was chosen as the Best Islamic Bank in the Kingdom of Bahrain for 2015 for the third year in a row, through the annual comprehensive referendum conducted by the Foundation of Islamic Finance News. The Award was received by Mr. Mohamed Issa Al Mataweh Member of...

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Business & Money | Wednesday 4 March, 2015 5:50 am

21 Saudis among 100 most powerful Arab women

Saudi Arabia has 21 women ranked in the top 100 list of the most powerful Arab women, determined by Arabian Business magazine every year for the past five years.Number one on the list is Sheikha Lubna Al-Qasimi from the United Arab Emirates (UAE) for her achievements in government. Lawyer Amal...

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