27 Dhu al-Hijjah 1445 - 4 July 2024
    
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Eye of Riyadh

Sponsorship transfer rule tightened
Business & Money | Sunday 23 August, 2015 2:15 am
The Labor Ministry has barred private sector companies from transferring expat employees at a short notice. This sponsorship transfer is known in local jargon as naql kafala. A private sector company can apply for a request to transfer sponsorship or naql kafala only once within a period of...
Saudis sign up to vote in Dec. 12 elections
Business & Money | Sunday 23 August, 2015 1:28 am
Citizens all over the Kingdom except the two holy cities of Makkah and Madinah on Saturday started registering to vote in the nationwide municipal council elections in December. A source from the Ministry of Municipal and Rural Affairs said the registration process would continue for 21 days....
MOL sets rules for expat transfer of sponsorship
Business & Money | Saturday 22 August, 2015 1:38 am
The Ministry of Labor has restricted local firms from submitting applications for the transfer of an expatriate worker’s services more than once, if the transfer process of a previous application has been completed even if the application for the transfer of the worker has come from another...
Nuclear energy talks with South Korea under way
Business & Money | Friday 21 August, 2015 3:26 am
Officials from King Abdullah City for Atomic and Renewable Energy (K.A.CARE) and the South Korean embassy held talks here this week on nuclear energy projects. Waleed Husain Abu Alfaraj, K.A.CARE vice president, met with South Korean Ambassador Kim Jin-soo at the K.A.CARE headquarters....
Civic poll campaigns aren't cheap
Business & Money | Friday 21 August, 2015 3:20 am
Candidates standing in the upcoming municipal council elections would have to spend considerable amounts on campaigning to get elected, with a spot as chairperson likely to cost between SR10,000 and SR2 million, according to a report in a local publication on Thursday. The reason candidates are...
Prince Khaled reviews progress of Jeddah mass transit project
Business & Money | Friday 21 August, 2015 1:13 am
Makkah Gov. Prince Khaled Al-Faisal reviewed the Jeddah transportation projects, their development and future plans on Thursday. The meeting was attended by Prince Mishaal bin Majed, governor of Jeddah, Hani Abu Ras, mayor of Jeddah, Saad bin Mohammed, adviser to Prince Khaled, Osama Abdouh, CEO ...
“Bahra cables company” Factory Back in Business after Fire
Business & Money | Thursday 20 August, 2015 2:43 pm
Bahra advanced cable manufacture co. Ltd announced that work is starting to come back after the confined fire incident in one of its production floors took place on Monday, 17th of august 2015 that caused the death of four employees.   In its official statement, Bahra Cables Company...
ZTE Applies for Over 50 New Core Patents for Its Flagship Axon Phone
Business & Money | Thursday 20 August, 2015 2:32 pm
ZTE, a leading global mobile device maker, today announced that it has applied for over 50 new core patents for its global flagship Axon phone. ZTE Axon versions are currently available in the U.S. and China, and have reinforced ZTE’s position as the most successful Chinese manufacturer in...
Saxo Bank ‘Prioritising’ Saudi Investors as Dedicated Arabic Website
Business & Money | Thursday 20 August, 2015 2:26 pm
Saxo Bank, the online trading and investment specialist, has launched a dedicated Arabic website as part of its latest drive to encourage retailers and investors across Saudi Arabia to utilize its pioneering SaxoTraderGO platform – a new and intuitive, multi-asset trading...
Rimini Street Increases Investment in Latin America, Appoints Industry Veteran to Lead Market Expansion
Business & Money | Thursday 20 August, 2015 10:15 am
Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG’s (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Hyperion and Oracle Retail...
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