Business & Money | Monday 16 February, 2015 7:30 am

Prince Faisal inaugurates Khaibar housing project

Madinah Gov. Prince Faisal bin Salman opened a housing project consisting of 149 homes in Khaibar on Sunday in the presence of Housing Minister Shuwaish Al-Dowaihi.Each home contains an area of 700 square meters while the project includes a mosque that can accommodate more than 200 worshippers, an...

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Business & Money | Monday 16 February, 2015 12:30 am

AXA COOPERATIVE INSURANCE COMPANY APPOINTS SAUDI FRANSI CAPITAL AS LEAD MANAGER

AXA COOPERATIVE INSURANCE COMPANY (AXA) signed on 26/04/1436 corresponding to 15/02/2015 the rights issue management agreement to increase its capital with the Saudi Fransi Capital Company, the Financial Advisor, Lead Manager, and Underwriter of AXA rights issue offering. The signing of the...

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Business & Money | Monday 16 February, 2015 12:03 am

Euromoney Saudi Arabia Conference Set to Mark Tenth Anniversary

The tenth anniversary edition of the Euromoney Saudi Arabia Conference is set to be its most significant yet, with a host of international and regional senior banking executives taking part during a period of intense interest in the Kingdom’s economic development. 2015 is shaping up to be a...

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Business & Money | Sunday 15 February, 2015 2:13 pm

SEDCO Holding Group Marks its 28th Annual SEDCO Football Tournament

In presence of the CEO of SEDCO Holding Group, Anees Ahmed Moumina, the SEDCO Football Tournament was kicked off for the employees of the group. The opening ceremony was attended by a big number of media and professional football players from the Saudi league including Khaled Kahwaji, Marwan...

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Business & Money | Sunday 15 February, 2015 2:34 am

Mass transit project to reduce traffic bottlenecks

Jeddah’s traffic problems can be solved only by a massive transit system in the city, said Maj. Gen. Waslullah Al-Harbi, director of Jeddah Traffic.“If such alternative traffic projects were fully implemented, as much as 70 percent of Jeddah’s road congestion would disappear,” Al-Harbi told ...

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Business & Money | Sunday 15 February, 2015 2:28 am

Saudis share 2-month salary bonus with cleaning staff

In a unusual and generous gesture, Saudi employees shared their two-month salary bonus with 250 cleaning workers.Once the gift was received, employees of the Al-Rawda municipality in Riyadh, organized a special party in which they shared the bonus with cleaning workers of the company contracted to...

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Business & Money | Saturday 14 February, 2015 12:21 pm

Minister’s visit strengthens Saudi Arabia-New Zealand relationship

New Zealand Associate Trade Minister Todd McClay has today concluded bilateral talks in Riyadh, Saudi Arabia. “My visit was an opportunity to further strengthen our relationship and highlight New Zealand’s commitment to partnering with Saudi Arabia in areas including food security,...

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Business & Money | Saturday 14 February, 2015 11:47 am

Prince Alwaleed and Prince Charlesdiscuss investments in Riyadh talks

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Prince Charles, the prince of wales, and an accompanying delegation in Riyadh at Kingdom Resort.The meeting began as Prince Charles thanked Prince Alwaleed for his hospitality and warm welcome.Prince Charles and Prince...

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Business & Money | Saturday 14 February, 2015 11:42 am

Saudi listed retail firms’ profits rise 10% to $2.7bn

Net profits of the listed retail firms grew by 10 percent to SR2.7 billion by the end of 2014 compared to SR2.5 billion in 2013, according to a financial report.The profit growth was mainly driven by the increased profits of five companies, namely Jarir Marketing, Saudi Automotive Services Co....

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Business & Money | Saturday 14 February, 2015 11:36 am

Microsoft targets more mobile-productivity app purchases

Microsoft CEO Officer Satya Nadella has a new strategy to make the company a purveyor of popular mobile applications: Acquire them.The software company is planning over the next few months to buy mobile-productivity applications that work on Apple and Google operating systems, according to people...

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