Business & Money | Tuesday 4 August, 2015 12:07 am

 Permanent MENA representatives to international organizations in Vienna visited Russian Atommash and Rostov NPP

The permanent representatives of foreign countries to international organizations in Vienna recently, paid a visit to Rostov region in the framework of cooperation in the area of use of atomic energy in peaceful purposes and for acquaintance with modern Russian technologies for NPP construction and ...

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Business & Money | Monday 3 August, 2015 3:31 pm

MIDDLE EAST INVESTORS TO SPEND US$15.0 BILLION PER YEAR IN GLOBAL REAL ESTATE MARKETS

An average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near term, according to the latest research from global property advisor CBRE Group, Inc.   The Middle Eastern investor base has expanded, fueled by weakening oil prices; this...

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Business & Money | Monday 3 August, 2015 12:24 pm

SFC Announce the appointment of Waleed Fatani as Chief Executive Officer

Saudi Fransi Capital has appointed Mr. Waleed Fatani as a Chief Executive Officer. In this regard, Chairman of the board Mr. AbdulAziz Al-Rashid commented “The appointment of Mr. Fatani is a distinctive addition that complement our growth strategy, where many achievements were...

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Business & Money | Monday 3 August, 2015 12:10 pm

JOTUN SENDS 10 LUCKY PRIZE WINNERS ON ALL-EXPENSE PAID TRIPS TO TURKEY

Jotun, the Kingdom’s No.1 in paint manufacturing, has brought to an end a two-month campaign promoting its premier exterior paint, Jotashield. The campaign culminated with a drawing to award 10 lucky winners all-expense paid trips to Turkey. “Jotun has reached the top market position ...

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Business & Money | Monday 3 August, 2015 5:51 am

1,263 poll centers allocated for third municipal elections

The general elections committee has approved 1,236 poll centers in 284 municipalities and secretariats across the Kingdom, as the first phase of the third municipal elections that will be launched on Aug. 22. Additionally, 250 spare centers will be opened if the need arises and if the approved...

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Business & Money | Monday 3 August, 2015 3:53 am

Sadara and Juffali Sign Multi-Year Supply Agreement

Sadara Chemical Company and E. A. Juffali & Brothers, a privately-owned Saudi company, have signed a supply agreement through which Sadara will supply methylene diphenyl diisocyanate (MDI) to a new Juffali chemical production facility in PlasChem Park in Jubail Industrial City II. The new...

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Business & Money | Monday 3 August, 2015 3:48 am

SAMA restricts credit card cash withdrawals

Saudi Arabian Monetary Agency (SAMA) has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems. “The move by SAMA is in line with global best practice that is mindful of consumers and their protection,” commented...

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Business & Money | Monday 3 August, 2015 1:01 am

GOIC hosts a meeting to discuss a methodology to assess the performance of Saudi SMEs

The Gulf Organization for Industrial Consulting (GOIC) held a meeting to discuss a project to develop a comprehensive annual methodology to assess SMEs in Saudi Arabia at the Organization’s headquarters in Doha, Qatar from the 27th till the 29th of July 2015. The Saudi Ministry of Commerce...

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Business & Money | Monday 3 August, 2015 12:29 am

Ooredoo and The Leo Messi Foundation Continue Global Expansion of Mobile Health Clinics

Ooredoo’s Mobile Health Clinic initiative, which was launched with the Leo Messi Foundation in 2013, has continued to expand its reach across Ooredoo’s footprint, aiming to touch more people’s lives in underserved communities.    At the beginning of Ramadan,...

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Business & Money | Sunday 2 August, 2015 3:13 am

New steps for transfer of sponsorship lauded

Mustafa Al-Nafyawi, deputy chairman of the Saudi branch of the Union for Overseas Egyptians, praised the new decisions that have streamlined the movement of expatriate workers, Ayn Al-Yom website said.    He said: “The decisions are within the big efforts of the Saudi Ministry ...

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