Business & Money | Friday 9 October, 2015 1:28 pm

Saudi investment in foreign securities rises in August

Saudi Arabian Monetary Agency’s net foreign assets stood at $659 billion at the end of August. Investment in foreign securities recorded a monthly increase for the first time in 2015, rising by $4.2 billion, according to a report from Jadwa Research. “We think (this) is partially due ...

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Business & Money | Friday 9 October, 2015 1:25 pm

Tadawul: Saudi petchems gain strength

News that Orascom Telecom Media and Technology is seeking to buy Beltone Financial boosted Egypt’s stock market on Thursday, while rebounding petrochemical shares continued to buoy Saudi Arabia. Saudi Arabia’s Tadawul All-Share Index, which had jumped 1.9 percent on Wednesday in...

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Tourism & Hospitality | Friday 9 October, 2015 1:18 pm

UNWTO praises ‘amazing’ tourism development

The World Tourism Organization (UNWTO) has praised the Saudi Commission for Tourism and National Heritage (SCTNH) for its development projects across the country. Omar Valdez, executive head of the UNWTO’s Themis Foundation, said that his organization was also working closely with the...

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Government | Friday 9 October, 2015 1:10 pm

New 5-year expatriate ID from Oct. 15

 The Passports Department has announced that it would start issuing new resident permits with a five-year lifespan for expatriates from next week, Oct. 15, the first day of the Islamic new year. Companies and expatriates would have to renew them yearly online, with no need to visit the...

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Technology & IT | Friday 9 October, 2015 1:05 pm

KSA has 21m Internet users

There are an estimated 21 million Internet users in the Kingdom, according to data released by the Communications and Information Technology Commission (CITC). According to the report, Internet penetration in the Kingdom stands at around 66 percent, a result of the increased use of social media...

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Tourism & Hospitality | Friday 9 October, 2015 3:26 am

Etihad Airways Engineering Expands Capability 
With New Paint Hangar

Etihad Airways Engineering, the Middle East’s leading aviation maintenance, repair and overhaul (MRO) provider, has expanded its existing capability for painting aircraft at premises adjacent to Abu Dhabi International Airport with the conversion of Hangar 5 into a state-of-the-art paint...

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Business & Money | Thursday 8 October, 2015 5:16 pm

Marketing Kingdom Middle East 2 Kicks Off Next Sunday in Doha

The Marketing Kingdom returns to Doha for the second year from 18-19 October at the W Hotel, welcoming marketing gurus from Twitter, VISA International, O2, The Body Shop, Yahoo! and Microsoft. The two day marketing extravaganza kicks off with a keynote by Benjamin Ampen, Twitter’s newly...

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Technology & IT | Thursday 8 October, 2015 3:55 pm

KSA Social Media Fans Excited for Launch of New iPhone 6S and iPhone 6S Plus

As interest in social media platforms continue to rise among the Saudi population, smartphone manufacturers are constantly looking for ways to enhance the online social experience, says axiom. Leading the market is Apple’s newly launched iPhone 6S and iPhone 6S Plus, which are set to launch...

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Business & Money | Thursday 8 October, 2015 2:00 pm

Draw Link Strengthens Presence in the Middle East

Draw Link Group, a leading architecture and interior design company, has strengthened its regional portfolio with the announcement of 4 new projects scheduled to be completed by 2016.   The demand for contemporary design and customized architectural solutions builds on the city’s...

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Healthcare | Thursday 8 October, 2015 1:33 pm

EY participates in Alzheimer’s awareness campaign “Wanabqa”

EY Riyadh recently participated in an initiative to raise awareness about patients suffering from Alzheimer’s disease held by the Saudi Alzheimer’s Disease Association. The theme for the initiative this year was “Wanabqa”, and was held in solidarity with the World...

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