Business & Money | Sunday 17 July, 2016 11:14 am

NCB’s net income reached SR 5,068 million for first half of 2016

The National Commercial Bank announced that net income for the first half 2016 reached SR 5,068 million compared to SR 4,968 million for the same period of the previous year, an increase of 2%,NCB net profit for the second quarter reached to SR 2,438 compared to SR 2,363 million for the same...

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Business & Money | Sunday 17 July, 2016 10:50 am

Shoura panel to discuss cut in Saudia fares

The Transport and Communications Committee at the Shoura Council will discuss a number of important issues shortly including prospects of reducing Saudi Arabian Airlines fares and expanding the railway system linking Riyadh with Qurayyat with stations in Majmaa, Qassim and Hail. Maj. Gen. Nasser ...

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Business & Money | Sunday 17 July, 2016 10:45 am

Saudi ATMs are safe

Saudi ATM machines are safe and secure from any frauds or installation of external devices designed to appropriate the information on a debit card, Talat Hafez, secretary-general of the Media and Banking Awareness Committee of Saudi banks, said.  Hafiz was reacting to a YouTube video in which ...

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Tourism & Hospitality | Sunday 17 July, 2016 10:40 am

SR53bn to be spent on local tourism

The Saudi Commission for Tourism and National Heritage (SCTNH), the Jeddah Chamber of Commerce, Jeddah municipality and all other departments of the government are eager to promote national tourism. Mohammad Abdullah Al-Amri, director general of the SCTNH branch in Makkah Province, said the...

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Tourism & Hospitality | Sunday 17 July, 2016 10:05 am

The Governor of Riyadh Launches the First Ever Snow City in the Kingdom at Al Othaim Mall Rabwa

 The first ever Snow City in the Kingdom was inaugurated by the governor of Riyadh, HRH Prince Faisal bin Bandar on July 13, 2016 at Al Othaim Mall Rabwa in Riyadh. During the inauguration event, Snow City showcased the variety of family focused activities and entertainment that will entice...

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Cars & Autos | Saturday 16 July, 2016 3:19 pm

Fathi Alam, appointed as General Manager of "Fast Auto Technic"

Fast Auto Technic (FAST) in Saudi Arabia, announced the appointment of Mr. Fathi Alam as its new General Manager.  Mr. Alam bringing with him more than 25 years of experience in senior  positions with Samaco in Saudi Arabia, Kuwait  and U.A.E., including eight years as VW Group...

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Business & Money | Saturday 16 July, 2016 6:20 am

‘Sun never sets on Saudi relief efforts’

Commending the untiring relief efforts of Saudi Arabia, Secretary-General of the Arab Red Crescent and Red Cross Organization Saleh bin Hamad al-Suhaibani said that the “sun never sets on these relief efforts.” “The King Salman Center for Relief and Humanitarian Aid and the...

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Business & Money | Saturday 16 July, 2016 3:26 am

Property prices fall in Dubai, Abu Dhabi

Home buyers and those looking to rent in Dubai and Abu Dhabi can breathe a little easy with villa and apartment prices dipping between 4 and 6% in the second quarter, compared to the same period in 2015, UAE daily The National reported. But the report added that the market was likely to...

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Business & Money | Friday 15 July, 2016 6:00 am

Saudi bond sale: Top banks among lead managers

Saudi Arabia appointed six banks as co-lead managers on its first international bond sale, according to people familiar with the matter. The Kingdom hired Bank of China Ltd., BNP Paribas SA, Deutsche Bank AG, Goldman Sachs Group Inc., Mitsubishi UFJ Financial Group Inc. and Morgan...

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Tourism & Hospitality | Friday 15 July, 2016 5:44 am

Month-long Jeddah summer fest kicks off

More than 2,000 activities at different locations in Jeddah are lined up for the “Bride of the Red Sea’s” annual summer festival that started on Wednesday. Actors, sports stars, theatre stars and Arab Got Talent stars are participating in the celebrations launched at the Red Sea...

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