Business & Money | Monday 30 November, 2015 2:54 am

Jeddah Economic Company & Alinma Investment in SR8.4bn real estate fund deal

Jeddah Economic Company and Saudi Arabia’s Alinma Investment have signed a deal to initiate an SR8.4 billion fund. Jeddah Economic Company is the owner and developer of the Jeddah Economic City project and Jeddah Tower in Obhur, just north of Jeddah on the Red Sea coast. Alinma Investment ...

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Business & Money | Monday 30 November, 2015 1:52 am

KAIHF launches dialysis center in Makkah

King Abdullah International Humanitarian Foundation (KAIHF) launched a new dialysis center in Makkah as part of the King Abdullah International Foundation for Charity and Humanitarian Works Dialysis Care Project. The launch ceremony was patronized by Makkah Gov. Prince Khaled Al-Faisal in the...

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Business & Money | Sunday 29 November, 2015 3:15 pm

KAFA’A opens its doors for Qatar’s banking and finance Sector

Capping a year of preparatory works, partnerships and close collaboration with the industry’s key players and the Regulators, KAFA’A, a championing Training & Competency framework and initiative aimed at elevating and advancing Qatar’s financial services sector, has officially ...

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Business & Money | Sunday 29 November, 2015 3:06 pm

Bayanat Signs Wholesale Agreements to develop Yanbu as the first Smart City in the Kingdom

Etihad Etisalat’s data subsidiary, Bayanat has signed wholesale agreements with three different Retail Service Providers to serve the community in Yanbu through Open Access Network. FTTH Mobily, Sahara Net and Shabakah Net are going to provide smart city services for the residential and...

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Business & Money | Sunday 29 November, 2015 11:50 am

DAMAC Properties’ DAMAC Heights Topped out

Luxury real estate developer DAMAC Properties, has announced its iconic 94-level tower ‘DAMAC Heights’, set in the prestigious Dubai Marina area, has been topped out.   The façade work at the US$653 million (AED2.4 billion) project has already reached level 69 and the...

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Business & Money | Sunday 29 November, 2015 4:37 am

Campaigning for historic Saudi poll begins today

Election fever is set to grip the Kingdom with campaigning for the historic Dec. 12 municipal elections beginning on Sunday, even as poll officials are ready to keep an eye on candidates who may violate their code of conduct. The Ministry of Municipal and Rural Affairs has launched an election...

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Business & Money | Sunday 29 November, 2015 2:38 am

Construction of King Salman and Prince Sultan towers to begin soon in Makkah

Construction of the King Salman Bin Abdulaziz and Prince Sultan Bin Abdulaziz investment towers in Makkah is expected to begin soon, Saudi Press Agency (SPA) reported Saturday. The two 12-storey hotel towers are charity projects belonging to the Disabled Children Association. The total cost is...

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Business & Money | Sunday 29 November, 2015 2:25 am

GCC boards identify risk management as key issue in company governance

Following the last financial crisis and with the current economic climate, companies have been paying more attention to risk management. Boards play a crucial role in risk oversight, however, not enough board directors in the Gulf region are aware of and have clear visibility on the top risks...

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Business & Money | Saturday 28 November, 2015 12:06 pm

KSA, Russia join forces to expand trade, crush terror

Abdullatif Al-Othman, governor of Saudi Arabian General Investment Authority (SAGIA), has stressed the depth of Saudi-Russian cooperation in the fields of development and investment. In a joint press conference on Friday with Russian Energy Minister Alexander Novak, Al-Othman emphasized the...

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Business & Money | Friday 27 November, 2015 4:29 am

Ride for a Cause This Week with Easy Taxi

Since the International Day of Persons with Disabilities annually marked on the 3rd of December is showing up soon, Easy Taxi will be dedicating the disabled a week of support by raising part of its revenue to the eminent Sultan Bin Abdulaziz Humanitarian City that nestle them in Saudi...

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