Business & Money | Wednesday 25 February, 2015 12:16 am

ALKHABEER ANNOUNCES 5% OF SHARE PAR VALUE TO SHAREHOLDERS

Alkhabeer Capital, a leading asset management and investment firm in Saudi Arabia, announced today that its Board of Directors approved the audited financial statement of 2014 and made a recommendation to the General Assembly to distribute cash dividends of SR 40.7 million to its shareholders for...

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Business & Money | Tuesday 24 February, 2015 6:01 pm

‘Reverse Auctions Can Boost Low-Emission Technologies’ Says Expert

Speaking ahead of the Solar Middle East Conference, which takes place on 3 March at Solar Middle East, Cameron Kelly, Legal Counsel for the New Port Project, says that reverse auctions mechanisms can help governments deliver competitively priced electricity, as well as secure long term financial...

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Healthcare | Tuesday 24 February, 2015 8:39 am

‘Children less susceptible to MERS infection’

Children are less likely to contract the Middle Eastern Respiratory Syndrome coronavirus (MERS-CoV), according to Dr. Mohammed Al-Shehri, a communicable diseases consultant.“However, we should take appropriate precautions because children very often contract cold and flu, whose symptoms are...

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Business & Money | Tuesday 24 February, 2015 8:36 am

Recruitment of female domestic workers cost more than males

Female domestic workers registered the highest recruiting costs on the Ministry of Labor’s Musaned web page, with an increase of more than ten times the costs to recruit men in other professions, according to the latest data posted on the website.Costs to recruit a Vietnamese female worker stood...

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Technology & IT | Tuesday 24 February, 2015 8:30 am

CITC move to cut phone tariffs welcomed

Expats and Saudis alike have welcomed the Communication and Information Technology Commission' s new decision to reduce the call rates of mobile and landline phones by 40 percent. This step is expected to encourage mobile phone users to talk for longer durations.Calling prices in the Kingdom were...

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Technology & IT | Tuesday 24 February, 2015 8:24 am

NEW ERICSSON PORTFOLIO ENABLES CHANGE-MAKERS IN THE NETWORKED SOCIETY

Ericsson (NASDAQ:ERIC) last week presented seven new additions to its hardware, software and services solutions that help Ericsson’s customers advance the digital experiences. All of which will be on show at the Mobile World Congress in Barcelona from March 2 to March 5.The launches meet our...

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Business & Money | Monday 23 February, 2015 10:38 am

Chestertons to unveil AED5.5 billion luxurious London project for UAE investors

Chestertons, the international property agency established in 1805, will be unveiling AED5.5 billion project by Berkley Homes called 250 City Road in Dubai for UAE Investors. This property is designed by Foster + Partners one of the most innovative and acclaimed architectural practices of the...

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Business & Money | Monday 23 February, 2015 10:33 am

Dubai construction sector contributed 7.89% to Dubai’s GDP in first half of 2014: Dubai Statistics Centre report

The construction sector contributed 7.89% to Dubai’s Gross domestic product (GDP) in the first half of 2014, according to the latest report from the Dubai Statistics Centre.The figures were brought into the spotlight by the organisers of the International Property Show while announcing the...

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Culture & Education | Monday 23 February, 2015 9:49 am

Physique TV signs deal with Dubai Desert Road Run

Physique TV, the region’s first and only 24 hour HD television channel dedicated to fitness, healthy living, nutrition and action sport, and Dubai Desert Road Run, a community sporting event held by Onside Partners, today announced a strategic partnership that will greatly expand collaboration...

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Cars & Autos | Monday 23 February, 2015 1:42 am

Samaco Automotive opens new cutting-edge service center for Audi vechicles with capacity for 56 cars simultaneously.

Samaco Automotive, the authorized dealer for Audi in Saudi Arabia, opened their new cutting-edge vechicle service center at Khurais road in Riyadh. The service center, which took 136 days to build, has a total area of 6,000 square meters, and has been requipped with the latest state-of –the-art...

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