Business & Money | Tuesday 17 February, 2015 8:06 am

Ministries join efforts to tackle ‘tasattur’

The Ministry of Labor in coordination with the Ministry of Commerce and Industry will coordinate as part of a joint strategy to deal with commercial fraud (tasattur), namely expatriates operating their own businesses in the name of Saudis as well as other irregularities in the labor market.This was ...

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Business & Money | Tuesday 17 February, 2015 7:57 am

MBC wins Sayidaty’s best satellite channel award

Sayidaty Arabic magazine honored MBC television channel for winning the top place in a survey conducted by the magazine on Ramadan programs in 2014 and it won the title of the Best Satellite Channel.Mohammed Fahad Al-Harthi, editor in chief of Arab News and Sayidaty, presented a certificate of...

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Business & Money | Tuesday 17 February, 2015 7:55 am

Online visa for expat families soon

The Interior Ministry will soon activate its online facility where expatriates can apply for visas for their spouses and children.The new service was launched by Deputy Crown Prince Muhammad bin Naif, second deputy premier and minister of interior, last Tuesday.Users must first register for the...

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Business & Money | Tuesday 17 February, 2015 1:49 am

Gulf Related Celebrates Laying of the Cornerstone of the Antara Project in Riyadh

Gulf Related, a leading regional real estate development company, has commenced the main construction of the landmark residential complex, Antara, in Al-Dir'iyyah in Riyadh Province in Saudi Arabia, with a laying of the cornerstone ceremony today. Gulf Related is the development manager of Antara....

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Business & Money | Monday 16 February, 2015 4:07 pm

SIDRA CAPITAL PARTICIPATES AT EUROMONEY ISLAMIC FINANCE AND INVESTMENT CONFERENCE IN LONDON

Sidra Capital, a Saudi, Shari’ah compliant and CMA regulated financial service company, participated at the annual Euromoney Islamic Finance and Investment Conference 2015 in London. With its vast experience of leading Saudi and regional investors into the UK market, Sidra Capital, has...

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Business & Money | Monday 16 February, 2015 1:58 pm

Albilad Bank Finances Waad Holding’s Academy Schools, the Largest Education Project in the Kingdom

Bank Albilad has entered into agreement with Waad Holding Company to finance the construction of the company’s academy schools project in Jeddah city. Amounting to SR 150 million, the project represents one of largest deals in the sector. The agreement has been signed by Mr. Saleh bin Suleiman...

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Business & Money | Monday 16 February, 2015 7:30 am

Prince Faisal inaugurates Khaibar housing project

Madinah Gov. Prince Faisal bin Salman opened a housing project consisting of 149 homes in Khaibar on Sunday in the presence of Housing Minister Shuwaish Al-Dowaihi.Each home contains an area of 700 square meters while the project includes a mosque that can accommodate more than 200 worshippers, an...

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Business & Money | Monday 16 February, 2015 12:30 am

AXA COOPERATIVE INSURANCE COMPANY APPOINTS SAUDI FRANSI CAPITAL AS LEAD MANAGER

AXA COOPERATIVE INSURANCE COMPANY (AXA) signed on 26/04/1436 corresponding to 15/02/2015 the rights issue management agreement to increase its capital with the Saudi Fransi Capital Company, the Financial Advisor, Lead Manager, and Underwriter of AXA rights issue offering. The signing of the...

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Business & Money | Monday 16 February, 2015 12:03 am

Euromoney Saudi Arabia Conference Set to Mark Tenth Anniversary

The tenth anniversary edition of the Euromoney Saudi Arabia Conference is set to be its most significant yet, with a host of international and regional senior banking executives taking part during a period of intense interest in the Kingdom’s economic development. 2015 is shaping up to be a...

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Business & Money | Sunday 15 February, 2015 2:13 pm

SEDCO Holding Group Marks its 28th Annual SEDCO Football Tournament

In presence of the CEO of SEDCO Holding Group, Anees Ahmed Moumina, the SEDCO Football Tournament was kicked off for the employees of the group. The opening ceremony was attended by a big number of media and professional football players from the Saudi league including Khaled Kahwaji, Marwan...

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