Business & Money | Tuesday 21 July, 2015 6:00 am

Umrah revenue touches SR12 billion

With the number of pilgrims coming for Umrah increasing annually, economists are estimating the Umrah season revenue for this year may reach SR12 billion. The reasons for the numbers rising are manifold, including increased economic power of Muslims, easy and direct flights globally and the top...

More Details

Business & Money | Tuesday 21 July, 2015 2:45 am

Hamriyah-based Quality International ships huge MED evaporators to Kuwait

With the shipment of the 3rd Multi Effect Distillation (MED) Evaporator to Kuwait, Hamriyah Free Zone-based Quality International has successfully crossed the half-way mark in the execution of its prestigious order from SIDEM, France for the construction & delivery of a...

More Details

Business & Money | Tuesday 21 July, 2015 12:56 am

London’s First Fashion-Branded Residences with Versace Home Launched

 Luxury real estate developer DICO UK Property Holdings Ltd, a wholly owned subsidiary of DAMAC International Limited, has announced the first of its fashion residences in London with a 50-storey, 360 unit project with interior designs by Versace. The lobby, amenities and interiors for each...

More Details

Business & Money | Tuesday 21 July, 2015 12:12 am

PayPal Celebrates Listing on Nasdaq and Completes Separation from eBay Inc.

PayPal Holdings, Inc. (“PayPal”) (Nasdaq : PYPL) announced today that it has completed its separation from eBay Inc. (“eBay”) and is now an independent public company trading on the Nasdaq  Stock Market under the ticker symbol “PYPL.” The company’s...

More Details

Business & Money | Sunday 19 July, 2015 4:30 am

Replies on delayed projects ‘fail to satisfy Nazaha’

 The National Anti-Corruption Commission, Nazaha, is not satisfied with the explanations and reasons provided by some ministries for delayed projects, sources in the know of things have said. Some of the ministries concerned failed to even conduct investigations into the lapses leading to ...

More Details

Business & Money | Saturday 18 July, 2015 6:00 am

Haramain train to make dry run soon, says transport minister

Transport Minister Abdullah Al-Muqbil, who is chairman of the board of the Saudi Railways Organization (SRO), revealed that electricity has been connected through overhead lines for the Haramain High-Speed Railway network. Al-Muqbil said the train has been tested on the line with a gradual...

More Details

Business & Money | Saturday 18 July, 2015 4:29 am

Nine GCC teams to deal with labor issues

Nine technical teams set up by the GCC Council of Labor and Social Affairs Ministers are working on preparing periodic reports about the status of the GCC labor market in order to establish a unified position in international organizations, set up an ideal work plan, and exchange...

More Details

Business & Money | Friday 17 July, 2015 7:57 am

Regional community support shown for 'Be CAREEM'

 CAREEM has successfully concluded its regional Ramadan CSR campaign across the 18 cities it operates in, providing proactive support to their local communities through proactive initiatives. ‘Be CAREEM’, was initially launched through a captivating video on social media to involve ...

More Details

Business & Money | Friday 17 July, 2015 3:39 am

CityW unites seven brands under one roof

CityW shares its customers’ aspirations for stylish and contemporary furniture, taking pride in distancing itself from the outdated styles offered by imported brands.  As a part from Al Mutlaq Holdings, CityW brings together seven of the most famous brands for home furnishings,...

More Details

Business & Money | Friday 17 July, 2015 1:47 am

Qualification tests a must for engineers

All Saudi and expatriate engineers will have to undergo certain tests before they get licenses to work in Saudi Arabia, the head of engineering offices at the Jeddah Chamber of Commerce and Industry (JCCI), Talal Samarqandi, has said. Earlier, the Saudi Council of Engineers (SCE) had announced the ...

More Details