Business & Money | Wednesday 25 February, 2015 12:36 am

Airbus Defence and Space aerial targets support missile qualification

Airbus Defence and Space Direct Aerial Targets have played a key role in the qualification of the full performance of a surface-to-air missile (SAM) system being developed as part of the German Air and Missile Defence System.During the trials conducted for the German Government end of January at...

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Business & Money | Wednesday 25 February, 2015 12:16 am

ALKHABEER ANNOUNCES 5% OF SHARE PAR VALUE TO SHAREHOLDERS

Alkhabeer Capital, a leading asset management and investment firm in Saudi Arabia, announced today that its Board of Directors approved the audited financial statement of 2014 and made a recommendation to the General Assembly to distribute cash dividends of SR 40.7 million to its shareholders for...

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Business & Money | Tuesday 24 February, 2015 6:01 pm

‘Reverse Auctions Can Boost Low-Emission Technologies’ Says Expert

Speaking ahead of the Solar Middle East Conference, which takes place on 3 March at Solar Middle East, Cameron Kelly, Legal Counsel for the New Port Project, says that reverse auctions mechanisms can help governments deliver competitively priced electricity, as well as secure long term financial...

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Business & Money | Tuesday 24 February, 2015 3:40 pm

The Kingdom Smart Cities and Smart Provinces Summit to kick off tomorrow in Riyadh

We are one day away from discussing a detailed research initiative by Nispana Innovative Platforms Pvt. Ltd. The governments supportive and tireless efforts in bringing the best of innovation to the Kingdom of Saudi Arabia’s infrastructure while recognizing the need for development in terms of...

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Business & Money | Tuesday 24 February, 2015 8:36 am

Recruitment of female domestic workers cost more than males

Female domestic workers registered the highest recruiting costs on the Ministry of Labor’s Musaned web page, with an increase of more than ten times the costs to recruit men in other professions, according to the latest data posted on the website.Costs to recruit a Vietnamese female worker stood...

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Business & Money | Tuesday 24 February, 2015 8:33 am

GCC to link traffic and business systems

The six members of the Gulf Cooperation Council (GCC) plan to link part of their traffic, business and customs systems in March to provide easier coordination and data exchange.The GCC e-government ministerial committee will formally launch its joint portal at its meeting next month. This was...

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Business & Money | Tuesday 24 February, 2015 8:28 am

New ‘fairer’ Saudization rules come into force

The Ministry of Labor has begun implementing its new Saudization monitoring rules that consider a citizen part of a company immediately and not after 13 weeks, which is aimed at protecting both parties.The new regulations came into force on Feb. 22. In addition, Nitaqat calculations would now be...

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Business & Money | Tuesday 24 February, 2015 6:25 am

“Better savings” highlighted as the top personal goal in Western Union’s “My Yellow Brick Road” campaign survey

Highlighting the attractiveness of Saudi Arabia, residents in the kingdom who responded to a Western Union survey praised the country for a variety of reasons while revealing fascinating insights into their lives in the country. Respondents to the survey commented on the peace of mind, the...

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Business & Money | Tuesday 24 February, 2015 12:08 am

IKEA Saudi Arabia’s Soft Toy for Education Campaign Raises SR300, 000 for Education

Ghassan Ahmed Al Sulaiman Furniture Trading, “IKEA Saudi Arabia,” reinforced its support for education through its Soft Toy for Education campaign, which ran from November to January, garnering approximately SAR 300, 000 for the Disabled Children’s Association (DCA).To celebrate the...

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Business & Money | Monday 23 February, 2015 3:12 pm

3rd Edition Kingdom Human Asset Management Summit gets under way in Riyadh

The 3rd Edition Kingdom Human Asset Management Summit commenced today at the Novotel Riyadh Al Anoud, Riyadh – Kingdom of Saudi Arabia under the theme 'A Step towards HR Excellence in the Kingdom'. Speaking about the summit, Stan Abraham, Sr. Producer from Fleming Gulf - organisers of the summit, ...

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