Business & Money | Sunday 18 January, 2015 1:45 am

Google chief Eric Schmidt to visit Riyadh for the eighth Global Competitiveness Forum

Among the experts speaking at this year’s Global Competitiveness Forum is Eric Schmidt, the executive chairman of Google, who will be delivering a key note speech on the opening day of the Riyadh event, on 26 January. The Global Competitiveness Forum (GCF) is the most important of the Kingdom’s ...

More Details

Business & Money | Saturday 17 January, 2015 3:02 am

Alwaleed commended for Korean investments

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received at his office Lee Myung-bak, former president of Korea and an accompanying delegation. The delegation included Yoon Jeung-hyun, former minister of finance and economy, Hong Seok-woo, former minister of Knowledge Economy, ...

More Details

Business & Money | Saturday 17 January, 2015 2:41 am

Riyadh Metro project ‘ahead of schedule’

The multibillion-riyal metro project is 10 percent ahead of schedule, said Riyadh Gov. Prince Turki bin Abdullah bin Abdul Aziz here as he inspected progress in the capital city.Prince Turki, who is also president of the High Commission for the Development of Riyadh (HCDR), and King Abdulaziz...

More Details

Business & Money | Friday 16 January, 2015 1:52 am

Saudia: Canceled ticket’s refund to be sent to account

Saudi Arabian Airlines announced Thursday it would deposit the refund amount of canceled cash tickets in customers’ accounts in seven days.“The new service will save a lot of time and energy of customers,” said Mohammed Al-Bakri, executive vice president for finance at the airline.Refund...

More Details

Business & Money | Friday 16 January, 2015 1:50 am

Travel boost: Jazan, Abha, Arar to get new airports

The General Authority of Civil Aviation will build three new airports in Jazan, Abha and Arar this year as part of efforts to meet the demand of growing passenger traffic. This has been revealed by Prince Fahd bin Abdullah, president of GACA.Speaking to reporters after inspecting progress of work...

More Details

Business & Money | Wednesday 14 January, 2015 1:15 pm

REC launches Saudi Build – Interiors to tap country’s USD 3.6 billion market

Riyadh Exhibitions Company, the leading organizer of trade fairs and public events in the Kingdom of Saudi Arabia (KSA), organized a press conference to launch Saudi Build – Interiors yesterday (Tuesday January 13, 2015) at the Four Seasons Hotel - Riyadh. The event was attended by a group of...

More Details

Business & Money | Wednesday 14 January, 2015 3:10 am

New Saudization steps for vegetable market mooted

The Saudization committee has proposed new regulations to localize the Jeddah central fruit and vegetable market in a bid to regulate the activities as also to nationalize the labor force by 100 percent.The committee has found labor laws irregularities in the market where papers such as forms of...

More Details

Business & Money | Wednesday 14 January, 2015 2:27 am

Castrol Signs Exclusive Agreement with AlOdhaib Company

Castrol, the region’s leading provider of motor oil and lubricants, announced the signing of an exclusive cooperative agreement with AlOdhaib Company, a distributer and service center for Lexus and Toyota in the Kingdom, focusing on the supply of premium, synthetic Castrol lubricants and...

More Details

Business & Money | Tuesday 13 January, 2015 2:52 pm

HILTON WORLDWIDE CELEBRATES GRADUATES OF INNOVATIVE “MANAGER OF THE FUTURE” PROGRAM

In an event held at the Makkah Hilton and Towers in November, Hilton Worldwide celebrated the debut graduates of its Mudeer Al Mustaqbal (Manager of the Future Program). The two-year course is designed to put select Saudi university graduates on the fast track to management positions in the hotel...

More Details

Business & Money | Tuesday 13 January, 2015 2:32 pm

Michael Rauterkus is the new CEO of Grohe AG

Michael Rauterkus (47) has been appointed by the Supervisory Board of Grohe AG to the position of CEO with effect from 1 January 2015. The announcement was made following the last Supervisory Board meeting. Rauterkus takes over this function from David J. Haines, Chairman and CEO of the GROHE Group ...

More Details