Business & Money | Monday 26 October, 2015 3:13 am

1,441 firms shut for not complying with salary protection program

The Ministry of Labour (MoL) has shut down 1,441 firms due to their failure to safeguard workers' wages, according to a ministry report released in the capital recently.   The report said that 48 percent of the total establishments did not comply with the ministry program concerning...

More Details

Business & Money | Sunday 25 October, 2015 3:00 pm

GROWING ROLE OF E-BANKING TO BE ANALYSED IN 2015 REPORT ON SAUDI ARABIA

A report by the global publishing firm Oxford Business Group (OBG) due out later this year will explore the changing face of banking in Saudi Arabia, as a new generation of tech-savvy customers turn to their smartphones and tablets to access core banking services.   The Report: Saudi...

More Details

Business & Money | Sunday 25 October, 2015 2:44 pm

9 wins for UK at EACA Euro Effies 2015

UK agencies won 9 out of 20 Euro Effies awarded at the Euro Effie Awards Gala in Brussels’ Cercle de Lorraine business club last night.    Grey scooped Agency of the Year with 3 Gold awards (FMCG and Small Budget (2)), 4 Silvers (Brand Experience, Consumer Goods, Long-term...

More Details

Business & Money | Sunday 25 October, 2015 2:09 pm

Trolley.ae brings 3D Shopping Experience to Dubai Metro Users

Trolley.ae, the Dubai-based online grocery store that provides groceries and fresh food delivery service to the local market, has launched its first-of-a-kind Virtual Store service at the Dubai Metro stations in cooperation with Etisalat and the Road and Transport Authority (RTA).  With a...

More Details

Business & Money | Sunday 25 October, 2015 1:40 pm

SABIC affiliate Saudi Kayan begins trial runs at new butanol plant

The Saudi Kayan Petrochemical Company (Saudi Kayan), a manufacturing affiliate of SABIC, began trial runs at its new joint venture butanol plant on October 20.    During the trial phase, which is expected to last three to six months, the plant’s equipment and production...

More Details

Business & Money | Sunday 25 October, 2015 9:50 am

British kitchenware ingenuity from Lakeland enters Saudi market

Thousands of creative kitchenware, storage and cleaning products and solutions are now available in the Kingdom of Saudi Arabia (KSA) as Lakeland, one of the UK’s leading kitchenware companies based in Windermere in the heart of the country’s Lake District, has opened its doors in...

More Details

Business & Money | Sunday 25 October, 2015 2:03 am

Alpha Destination Management develops five-year growth plan

After making strong footprints in the travel and tourism industry in the Middle East over the past 20 years, the Alpha Destination Management is embarking on the next phase of its game-changing growth by launching a five-year development plan that will significantly contribute towards achieving the ...

More Details

Business & Money | Sunday 25 October, 2015 12:59 am

Business France appoints Marc Cagnard as the new French Trade Comissioner and Regional Director in the Middle East

Business France, the government agency supporting the international development of the French economy appointed on September 1st 2015 Marc Cagnard as the new Regional Director for the Middle East.    In his new role, Mr Marc Cagnard will be responsible for leading the expansion of...

More Details

Business & Money | Saturday 24 October, 2015 4:37 am

Gulfood Manufacturing Highlights Meaty Opportunites for Region to Caoitalies on Global Halal Market Demand

With the Muslim population currently standing at 1.6 billion and the second-largest worldwide, and with cultural strictures that demand the consumption of Halal-certified foods – particularly meat and poultry, opportunities for food manufacturers and processors to capitalize on...

More Details

Business & Money | Saturday 24 October, 2015 2:11 am

Euro briefly falls below $1.10 for first time since August

The euro on Friday continued its downward trend against the dollar following European Central Bank chief Mario Draghi's comments a day earlier that signaled further monetary easing could be on deck for the euro zone. Europe's common currency checked in below $1.10, hitting a...

More Details