Business & Money | Sunday 31 May, 2015 9:29 am

Preparations under way for municipal council polls

In a few weeks preparations will begin for elections for municipal councils which will be held in August.Despite criticisms of the previous two elections, people are hopeful. Changes in legislation have increased the number of elected candidates to two-thirds.The voting age has been lowered to 18...

More Details

Business & Money | Sunday 31 May, 2015 9:26 am

MoH seeks personnel for Haj

Health personnel who are interested in serving pilgrims during the coming Haj are requested to send their applications to the Ministry of Health for deployment on a temporary basis.The Manpower Committee at the ministry will receive the applications through its website:...

More Details

Business & Money | Sunday 31 May, 2015 9:23 am

Al-Hudaithi is new SRMG chairman

The board of directors of the Saudi Research and Marketing Group (SRMG) decided on Wednesday to appoint board member, Eng. Sulaiman Al-Hudaithi, as chairman.His tenure, along with that of the board, would be from May 1, 2015, until April 30, 2018, SRMG announced.Eng. Al-Hudaithi holds a bachelor of ...

More Details

Business & Money | Saturday 30 May, 2015 11:00 am

Despite Record-High 401(k) Plan Balances, Few Workers are Actively Managing their Portfolios

While 401(k) plan balances and participation are at record-highs, a new survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), reveals that few U.S. workers are actively managing their 401(k) portfolios, leaving opportunity for workers to be more...

More Details

Business & Money | Saturday 30 May, 2015 12:03 am

Barwa Bank awarded by Euromoney for Innovation in Islamic Finance

Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, has been recognized by the Euromoney Awards for Innovation in Islamic Finance 2015 for its lead role in international Sukuk issuance. Against a number of criteria across key metrics including innovation, cross border...

More Details

Business & Money | Friday 29 May, 2015 3:09 pm

Red Hat Extends Enterprise Management for OpenStack with CloudForms 3.2

Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced Red Hat CloudForms 3.2, the latest version of its award-winning solution for managing private and hybrid clouds. CloudForms 3.2 delivers innovative management features that enable customers to...

More Details

Business & Money | Friday 29 May, 2015 2:19 am

Over 1.8 million Saudis vie for 11,300 jobs

Over 1.86 million Saudis have applied for jobs under the Taqat job placement program run by the Human Resources Development Fund (HRDF).Data released by the HRDF showed that there are only 11,300 job vacancies across the country, a shortfall of 90 percent.University graduates made up 290,000 or 16...

More Details

Business & Money | Friday 29 May, 2015 2:17 am

Most 989 callers complain about traffic fines

Seventy percent of the 400,000 daily calls made to the 989 number are related to complaints about traffic fines and services, according to the public security department of the Interior Ministry.Complaints about service delays and legal issues are referred to the director of public security Lt....

More Details

Business & Money | Thursday 28 May, 2015 3:05 pm

Seddiqi Holding Unveils Swiss Watch Services

Seddiqi Holding— a family-owned and -managed company with a diversified portfolio of businesses— today officially unveiled Swiss Watch Services, the Middle East’s largest and most comprehensive customer care center for timepieces. With expertise in servicing over 60 watch brands and 200,000...

More Details

Business & Money | Thursday 28 May, 2015 2:03 pm

KPMG Al Fozan & Al Sadhan Reviews the Effects Foreign Accounts Tax Compliance Act

KPMG in Saudi Arabia organised a seminar in Riyadh to review the tax compliance obligations on US citizens living in Saudi Arabia. US citizens and Green Card holders, whether they live in the United States or abroad, are required, under US tax law, to file US tax returns and report their worldwide ...

More Details