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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Business & Money | Monday 23 February, 2015 10:38 am

Chestertons to unveil AED5.5 billion luxurious London project for UAE investors

Chestertons, the international property agency established in 1805, will be unveiling AED5.5 billion project by Berkley Homes called 250 City Road in Dubai for UAE Investors. This property is designed by Foster + Partners one of the most innovative and acclaimed architectural practices of the...

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Business & Money | Monday 23 February, 2015 10:33 am

Dubai construction sector contributed 7.89% to Dubai’s GDP in first half of 2014: Dubai Statistics Centre report

The construction sector contributed 7.89% to Dubai’s Gross domestic product (GDP) in the first half of 2014, according to the latest report from the Dubai Statistics Centre.The figures were brought into the spotlight by the organisers of the International Property Show while announcing the...

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Business & Money | Monday 23 February, 2015 10:23 am

DAMAC Esclusiva with Interiors by FENDI and DAMAC Tower by Paramount Topped Out

Two of the most iconic towers in the heart of Riyadh, KSA, have been topped out; less than 2 years after work began. Luxury real estate developer DAMAC Properties has announced that its DAMAC Esclusiva and DAMAC Tower by Paramount projects on King Fahd Road have now reached their final heights at...

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Business & Money | Monday 23 February, 2015 3:15 am

NADEC re-launches Cavita with New Juices

As part of its ongoing commitment to deliver the highest quality, nutritious food and drink products across the Kingdom and the rest of the GCC, NADEC has re-launched Cavita with 4 delicious and healthy juice milk flavors, with new recipes and a new and refreshing label re-design to complement its...

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