Business & Money | Friday 2 January, 2015 2:00 am

Al-Jasser: Slide in oil price could lead to review of five-year plan

Minister of Economy and Planning Mohammed Al-Jasser has said that the government will review the current five-year development plan if oil prices continue to fall affecting revenue to finance the planned projects.“We are following oil market developments. Making changes to the five-year plan is...

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Business & Money | Friday 2 January, 2015 1:59 am

New phase of Nitaqat announced

The third phase of Nitaqat Saudization program will be implemented on Rajab 1 (April 20) with advanced systems to create more jobs for citizens in the private sector, said Labor Minister Adel Fakeih on Thursday.Addressing students and staff at King Abdulaziz University, he said his ministry was...

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Tourism & Hospitality | Friday 2 January, 2015 1:57 am

2015 packed with amazing celestial treats

Several amazing astronomical treats are likely this year, starting with a meteor shower on Saturday, an astronomer said here on Thursday.This would be followed by solar and lunar eclipses, and planets moving in unusual patterns later in the year, said Zaki Al-Mostafa, a Saudi professor at the...

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Tourism & Hospitality | Friday 2 January, 2015 12:29 am

Rixos unwraps fourth luxury hotel in Kazakhstan

Rixos Hotels has recently hosted a gala dinner in honour of celebrating the grand opening of ‘Rixos Khadisha Shymkent’ the first luxury hotel in Southern Kazakhstan, and fourth edition in the country.Mr Bugra Berberoglu CEO of Rixos Hotels said, this is “Rixos' 4th hotel in the...

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Business & Money | Thursday 1 January, 2015 3:11 pm

After third quarter 2014 GROHE Group on sustained uptrend with global growth

GROHE Group continues to grow. With sales up by around six percent, the Group generated sales of SAR 5.258 billion in the first nine months of this year, compared with SAR 4.966 billion in the same period of 2013. On a constant exchange rate basis, sales growth was no less than eight percent.With...

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Tourism & Hospitality | Thursday 1 January, 2015 10:26 am

Saudia extends domestic ticket validity to one year

The national carrier also announced starting a new mechanism called "Reserve and pay" so as to enable more domestic passengers to avail its services.According to the mechanism, passengers can take advantage of the available seats on an instant basis instead of the current system of allowing a set...

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Business & Money | Thursday 1 January, 2015 10:24 am

KAEC prepares phase-two of Industrial Valley project

The King Abdullah Economic City (KAEC) is preparing the Industrial Valley phase- two land plots in continuation of phase one that is linked to King Abdullah Port. This comes by granting expert contractors to ensure a comprehensive infrastructure and sophisticated services that meet all the...

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Healthcare | Thursday 1 January, 2015 9:53 am

All hospitals ordered to treat emergency cases

New Health Minister Mohammed Ali Alhayazie has ordered all government and private hospitals to treat patients needing emergency care, and warned that there would be penalties for those failing to comply.In a circular issued to health facilities on Wednesday, Alhayazie said that they must provide...

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Business & Money | Thursday 1 January, 2015 9:52 am

Crown prince: Charity sets us apart from other nations

Women nongovernmental organizations (NGOs) and charities dominated the winners of this year’s King Khaled Award, indicating the growing role of Saudi women in social welfare and empowerment.Crown Prince Salman, deputy premier and minister of defense, handed over the prizes and awards on behalf of ...

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Business & Money | Thursday 1 January, 2015 9:50 am

80 countries to participate in Marrakesh WAMY conference

The 12th conference of World Assembly of Muslim Youth (WAMY) will be in the historical Moroccan city of Marrakesh from Jan. 29 to Feb. 1.Announcing this, Saleh Al-Wohaiby, secretary general of the WAMY, told a press conference here that WAMY conference is themed “Youth in Changing World.”...

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