Business & Money | Monday 20 April, 2015 8:22 am

No decision yet on limiting expats’ stay

No decision has been taken to restrict the stay of expatriate workers in the Kingdom on the basis of either the period they spent in Saudi Arabia or the salaries they drew, the Labor Ministry announced on Sunday.“It was just a proposal floated on the ministry’s website ‘Maan Nuhsin’...

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Business & Money | Monday 20 April, 2015 7:26 am

Oil slide slashes SABIC’s Q1 profit

Saudi Basic Industries Corp. (SABIC) faces heavy pressure on its profits due to cheap oil but will keep investing globally to boost capacity in key areas, its acting CEO Yousef Al-Benyan said.His remarks came as the company reported a 39 plunge in first-quarter profit.The industry is cyclical and...

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Business & Money | Monday 20 April, 2015 1:22 am

FURNISHING AN IKON WORKSPACE AT INDEX ANNOUNCES IKONHOUSE PARTnership

dmg events Middle East & Asia, organisers of workspace at INDEX, announced today that ikonhouse will be launching the Workspace-of-Tomorrow installation at this year’s show – a first in the event’s 14 year history. Formerly The Office Exhibition, workspace at INDEX is the largest commercial...

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Business & Money | Sunday 19 April, 2015 9:08 pm

ADNEC to Host Cityscape Abu Dhabi 2015 from April 21 to 23

Abu Dhabi National Exhibition Centre (ADNEC) has set the stage for the ninth edition of Cityscape Abu Dhabi that will run from 21 to 23 April, 2015 under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed...

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Business & Money | Sunday 19 April, 2015 4:37 pm

GOIC : the 15th Industrialists’ Conference is under the patronage of HH the Emir of Kuwait

Under the patronage of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait, and with the participation of GCC ministers of industry, the Ministry of Commerce and Industry in the State of Kuwait, the Public Authority for Industry (PAI) and the Gulf Organization for Industrial...

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Business & Money | Sunday 19 April, 2015 3:19 pm

New Zealand Prime Minister to lead trade mission to the Kingdom of Saudi Arabia

New Zealand Prime Minister Rt Hon John Key will lead a business delegation to the Kingdom of Saudi Arabia on 28 April.“The visit is an opportunity to strengthen and grow trade and business links between the Kingdom of Saudi Arabia and New Zealand. A key priority for me will be talking to key...

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Business & Money | Sunday 19 April, 2015 1:40 pm

Oman Insurance Company Wins Best Business Insurance Product Award

At a ceremony held in Dubai, Oman Insurance Company (OIC) was awarded Banker Middle East UAE Product Awards 2015 in the Best Business Insurance Product category, for its innovative ‘OIC Advantage’ corporate staff scheme.The award, organized by CPI Financial, is established as the most...

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Business & Money | Sunday 19 April, 2015 7:52 am

Finance minister upbeat on KSA economy despite oil volatility

Saudi Arabia is capable of facing the current volatility in oil prices, said Finance Minister Ibrahim Al-Assaf. He made these remarks at the International Monetary and Financial Committee of the International Monetary Fund.The minister was leading the Kingdom delegation to the spring meetings of...

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Business & Money | Sunday 19 April, 2015 6:51 am

Saudi woman sets up marketing firm

Noura Balsharaf started out small at the Balsharaf Group with newly qualified graduates to manage research and marketing, but has now set up her own independent company called Golden Research.The company is now a member of the European Society for Opinion and Marketing Research.In the beginning,...

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Business & Money | Saturday 18 April, 2015 12:53 pm

RCJY industrial cities attract SR1 trillion investments

The volume of investments injected into Jubail, Yanbu and Ras Al-Khair industrial cities reached SR1 trillion, said Prince Saud bin Abdullah bin Thunayyan Al-Saud, president of the Royal Commission for Jubail and Yanbu (RCJY).He was addressing a forum at RCJY head office in Riyadh on investment...

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