Riyadh Business News | Money News Saudi Arabia

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

The Presidency of the Two Holy Mosques Affairs has rejected reports that rare antiquities found during the expansion of the Grand Mosque has been selling for thousands of riyals on the black market.This comes in the wake of revelations in the local media that items have been sold to collectors for...

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Business & Money | Monday 9 February, 2015 8:10 am

ARCADIS Announces Middle East Leadership Following Hyder Acquisition

ARCADIS, the leading global natural and built asset design and consultancy firm, announced its new Middle East regional leadership following the acquisition of Hyder Consulting in October 2014. Wael Allan will take the role of ARCADIS CEO for the Middle East region. Wael was previously Hyder...

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Business & Money | Monday 9 February, 2015 7:41 am

Labor move gives firms Saudization relief

The Labor Ministry has softened its Saudization drive in favor of businesses by canceling a previous decision that demanded 13 weeks for confirmation of a Saudi’s appointment as a full employee under Nitaqat.Under the new decision, a Saudi would be calculated in the Nitaqat system soon after his...

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Business & Money | Sunday 8 February, 2015 1:26 pm

Williams-Sonoma launches the Vitamix Total Nutrition Center

Williams-Sonoma, the specialist for gourmet cookware and home entertaining, has launched the Vitamix Total Nutrition Center, a model exclusive to Williams-Sonoma, Kuwait. The Vitamix Total Nutrition Center is one of the best-performing and most versatile tools for home and commercial use. Millions...

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Business & Money | Friday 6 February, 2015 6:48 am

Banks can’t cut loan installment from employee bonus — SAMA

The Saudi Arabian Monetary Agency (SAMA) has ordered all Saudi banks not to touch the two-month salary bonus granted by Custodian of the Two Holy Mosques King Salman to all Saudi government and military employees, retirees and students.According to Talat Hafiz, secretary-general of Media and...

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Business & Money | Friday 6 February, 2015 5:57 am

SCTA's recruitment roadshow kicks off

The Saudi Commission for Tourism and Antiquities (SCTA) has launched one of its biggest recruitment roadshows for citizens in the hospitality sector with more than 2,000 jobs on offer.SCTA, in collaboration with the Human Resource Development Fund and the National System for Joint Training, has...

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Business & Money | Thursday 5 February, 2015 3:42 pm

Innovation agenda a key focus for GCC governments, says GPCA

Regional governments have put innovation front and center on their national agenda, as evidenced by the growing R&D budgets in the Arabian Gulf, said the Gulf Petrochemicals and Chemicals Association (GPCA). With Saudi Arabia and Qatar making up the top 40 investors in research and development...

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Business & Money | Thursday 5 February, 2015 2:21 pm

MEFIC Capital Distribute Al-Qannas Fund Dividends

The Board of Director of Al-Qannas Fund, managed by Middle East Financial Investment Company “MEFIC Capital”, a leading Investment House, licensed and regulated by the Capital Market Authority of Saudi Arabia, has approved the distribution of the fund’s annual net yield of 8%.Al-Qannas Fund...

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Business & Money | Thursday 5 February, 2015 1:59 pm

MUSCAT EXPO AT INTERSEC EXPO DUBAI

Muscat Expo LLC participated at the INTERSEC Exhibition in Dubai which concluded last week and was the only Company from Oman at the exhibition. INTERSEC which is in its 17th edition, is the largest international trade exhibition for Fire, Safety and Security in the world with over 1200 Exhibitors...

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