Business & Money | Wednesday 26 August, 2015 7:19 am

China cuts rates, reserve ratio after stocks plummet again

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. The moves came after Chinese stocks...

More Details

Business & Money | Wednesday 26 August, 2015 7:15 am

TASI surges; dollar peg ‘serves economy well’

The Saudi riyal will remain pegged to the US dollar as it has served the economy well, said the Saudi Arabian Monetary Agency (SAMA) on Tuesday. “The Kingdom is committed to keeping the riyal pegged to the dollar,” Ahmed Abdulkarim Alkholifey, deputy governor for research and...

More Details

Business & Money | Wednesday 26 August, 2015 7:14 am

Forum highlights ills of drug addiction

The National Committee for Combating Drugs has launched an introductory forum on Monday, showcasing its projects and programs in Jeddah. The forum was organized in cooperation with the General Directorate of Narcotics Control (GDNC) and conducted under the auspices of Makkah Gov. Prince Khaled...

More Details

Business & Money | Wednesday 26 August, 2015 2:23 am

Highway gas stations revamp intensifies

There has been a flurry of activity on the country’s highways as service companies race to meet the Jan. 19 deadline for the revamp of dilapidated gas stations.  The Ministry of Municipal and Rural Affairs has previously handed out contracts of three and five years to five companies to...

More Details

Business & Money | Wednesday 26 August, 2015 1:50 am

Visa Checkout Expands Global Availability with New Merchants and Issuers

Visa Inc. (NYSE:V) today announced continued global success of Visa Checkout, the online check out service that allows shoppers to pay with their cards online and on any device, with just a few clicks. In recent months, no less than thirty-three new merchants, ranging from Best Buy and Under...

More Details

Business & Money | Tuesday 25 August, 2015 1:54 pm

Global sustainable development leaders confirmed to speak at Eye on Earth Summit 2015

Some of the world’s most respected leaders in sustainable development are confirmed to speak at the second Eye on Earth Summit, taking place from 6 to 8 October in Abu Dhabi. Held under the patronage of The President HH Sheikh Khalifa bin Zayed Al Nahyan, the Summit will explore the critical...

More Details

Business & Money | Tuesday 25 August, 2015 1:33 pm

Afro Asian Assistance signs strategic partnership agreement with Al Bassami Group

Afro Asian Assistance have announced a strategic partnership with Al Bassami International Business Group (BIG) of Saudi Arabia to provide a roadside assistance service in the Kingdom of Saudi Arabia.    The programme is named ROAD and was developed by BIG. It will offer cost...

More Details

Business & Money | Tuesday 25 August, 2015 12:40 pm

Al Mathaaq Hospitality Tackles Education and Saudi Youth Employment

Within the framework of its Corporate Social Responsibility, and to strengthen its position as an effective and responsible member of the community, Al Mathaaq Hospitality, the leading casual dining company in Jeddah, has launched a CSR program in partnership with Ektefaa, a charitable organization ...

More Details

Business & Money | Tuesday 25 August, 2015 12:05 pm

The GCC are buying into the UK’s Northern Powerhouse

Select Property, a regional and global developer, retailer and operator of market-leading property investment brands, has seen a notable increase in GCC investment since the launch of its new CitySuites luxury service apartment scheme in Manchester. 24% of Select Property investors hail from the...

More Details

Business & Money | Tuesday 25 August, 2015 11:58 am

ARAB WOMAN AWARDS UAE ANNOUNCES ILLUSTRIOUS PANEL OF JUDGES FOR 2015 EDITION

The Arab Woman Awards UAE’s organisers have finalised an illustrious panel of female judges for the Awards’ 2015 edition. The awards aim to raise public awareness of significant achievements by Arab women in the region and provide young women with inspirational role models. Nominations...

More Details