Business & Money | Monday 9 November, 2015 2:28 pm

GE Oil & Gas inaugurates first-phase expansion of 
‘Made in Saudi’

GE Oil & Gas (NYSE: GE) today completed the first phase expansion of what will be GE’s largest advanced manufacturing facility in the region. This expands capacity of the current manufacture of advanced pressure control technology, testing and repair services, as well as promoting job...

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Business & Money | Monday 9 November, 2015 11:15 am

Promoting risk management among small and medium enterprises

An important Milestone has been set in the field of risk management for Saudi Arabia. A Memorandum of Understanding was signed today between small & medium enterprises loan guarantee program “Kafalah” and Tawuniya Insurance Company which will provide strong support to the SME sector ...

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Business & Money | Monday 9 November, 2015 4:00 am

Al Khaliji France launches UAE career day series for local talents

Al khaliji France (UAE), a subsidiary of Al Khalij Commercial Bank (al khaliji) Q.S.C, will be organizing a career day series across the Emirates, in line with its strategic efforts exporting its talent recruitment and retention localization philosophy across its network.  Open to all fresh ...

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Business & Money | Monday 9 November, 2015 2:48 am

Correct postal address a must to benefit from Wasel service

The General Directorate of Passports revealed on Saturday that nearly 10,000 people have corrected their postal addresses to benefit from the Wasel program. Under the new system, the Passport Department will deliver Muqeem and other IDs through the Saudi Post. The new system, launched on...

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Business & Money | Sunday 8 November, 2015 5:27 pm

Qatar Finance and Business Academy (QFBA) and Qatar Financial Centre Authority (QFCA) continues “Kawader” Journey for the Third Year

Qatar Finance and Business Academy (QFBA) and Qatar Financial Centre Authority (QFCA) have successfully completed the training part of ‘Kawader’ 2015; this cohort is the third run of the flagship program. On this occasion, Mr. Yousuf Al Jaidah - CEO of QFCA congratulated the...

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Business & Money | Sunday 8 November, 2015 5:18 pm

Consumers missing out on benefits worth thousands of riyals each year

KSA banks are continuing to compete fiercely to win more credit card customers by offering attractive perks and benefits from free flights to football tickets, however a recent survey conducted by amwalak.com revealed that 81 percent of consumers are failing to utilize the free...

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Business & Money | Sunday 8 November, 2015 2:51 pm

MasterCard Names Raghu Malhotra as President, Middle East and Africa

MasterCard today announced a series of Middle East and Africa leadership changes, effective January 1, 2016. Raghu Malhotra has been appointed president, Middle East and Africa, taking over from Michael Miebach, who will become chief product officer, based at the company’s global...

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Business & Money | Sunday 8 November, 2015 1:56 pm

Amana Capital Announces Phase Two of its Expansion Plan

Amana Capital, the leading Middle Eastern financial services group specialized in online trading and consultancy services, announced today that it has started implementing the second phase of its multi-phase expansion plan, after the success achieved in the first phase.  During phase one,...

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Business & Money | Sunday 8 November, 2015 4:14 am

Preliminary meeting to develop common vision for business sector

Arab businessmen will meet their counterparts from a number of South American countries for a preliminary discussion at the Council of Saudi Chambers (CSC) on Sunday, prior to the Fourth Summit of Arab-South American Countries in the capital (ASPA). Various state leaders and top businessmen from ...

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Business & Money | Sunday 8 November, 2015 4:11 am

HCDA clears key Riyadh projects worth SR21bn

The High Commission for the Development of Arriyadh (HCDA) has approved investment projects worth SR21 billion in the Saudi capital.    Riyadh Gov. Prince Faisal bin Bandar said during a meeting that the projects showed the confidence among investors, including Kuwaiti and Emirati...

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