Business & Money | Monday 12 January, 2015 1:46 pm

The real estate sector ... an active partner in the development process

“The 2015 Budget reflects the strength and stability of the Saudi economy, and confirms that the kingdom will proceed with its comprehensive and sustainable development plans; it also promotes the importance of the contribution of the private sector in the development process.”, Said Majed Al...

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Business & Money | Monday 12 January, 2015 12:47 am

Middle East alone will need to invest $18 billion in next 5 years in new pipelines and associated infrastructure

The organizers of Tube Arabia, Metal Middle East and Arabia Essen Welding & Cutting (AEWC), said on the second day of the shows that GCC is expected to add more than 21,000 km over the next five years to its current pipeline network, approximately 14% of the global planned pipeline network of...

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Business & Money | Monday 12 January, 2015 12:24 am

No housing project facing delay, assures minister

There are no delayed housing projects in the Kingdom, said Minister of Housing Shuwaish Al-Duwaihi.He was speaking during the inauguration of the Apartment Housing project in Buraidah in the presence of Qassim Gov. Prince Faisal bin Bandar. Al-Duwaihi said the project is the first of a series of...

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Business & Money | Sunday 11 January, 2015 4:23 pm

Over $200billion to be invested in the GCC Rail project

Held under the auspices of His Highness Sayyid Shihab Bin Tariq Al Said, Advisor of His Majesty the Sultan and hosted by His Excellency Ahmed bin Mohammed bin Salim al Futaisi, Minister of Transport and Communications in Oman, and, the GCC Rail and Metro Conference 2015 opened today in Muscat,...

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Business & Money | Sunday 11 January, 2015 3:39 pm

GCC’s cable and wire industry sees 15% growth

The Gulf market for wire and cable witnessed a growth of 15% in the past two years. This is in sharp contrast to a falling demand in the developed European and East Asian economies, according to Integer Research’s latest Wire & Cable Global Data Service. Satish Khanna, General Manager, Al Fajer...

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Business & Money | Sunday 11 January, 2015 12:36 pm

Bayt.com announces complete revamp of its mobile app.

Bayt.com, the Middle East’s number one job site, has released a completely revamped version of its popular mobile app, with new features, new design, and new capabilities! The exciting relaunch makes the job seeking experience truly mobile, as users can now get notifications on suitable jobs, get ...

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Business & Money | Sunday 11 January, 2015 12:40 am

al khaliji appoints Rana Ahmad Al Asaad as Acting Head of Personal Banking

Al Khalij Commercial Bank (al khaliji) Q.S.C., next generation bank, has appointed Ms. Rana Ahmad Al Asaad as Acting Head of Personal Banking. This step comes in line with the bank’s Qatarization strategy and commitment to Qatar’s National Vision 2030 and to increasing the reliance on talented...

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Business & Money | Sunday 11 January, 2015 12:01 am

Reduced shop working hours to boost Saudization

Experts argue that the Ministry of Labor’s proposal for commercial shops to close at 9 p.m. will boost the Saudization rate in the retail sector by up to 30 percent, especially after the integration of women in the workplace. Samir Hussein, chairman of the human resources committee at the Jeddah...

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Business & Money | Saturday 10 January, 2015 1:37 pm

Three Mega Shows -- Tube Arabia, Arabia Essen Welding & Cutting and Metal Middle East -- kick off today (Saturday)

- International Air Transport Association: “Gulf States allocated $ 313 billion for airport development projects, led by UAE with over $ 23 billion”HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) inaugurated today (Saturday, 10 January 2015) three mega...

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Business & Money | Saturday 10 January, 2015 1:52 am

ATEICO celebrates 31 years of active service

ATEICO, a division of Bushnak Group, has honored Dr. Adil Bushnak and Faisal Bushnak on completion of 31 years of professional relationship. The celebrations were held at The Hilton and were attended by prominent members of the business community.ATEICO General Manager Riaz Mulla welcomed the...

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