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Eye of Riyadh

Aramco stops bus service
Business & Money | Friday 8 January, 2016 2:59 pm
Saudi Aramco has decided to stop transporting its staff to work from Qatif after one of its busses was attacked by four armed men and set alight on Tuesday in Qatif. A letter was sent to the staff by the company stating the following: "This is to inform you the company will stop providing the ...
833 Saudi engineers working on Riyadh Metro
Business & Money | Friday 8 January, 2016 2:08 pm
A total of 833 Saudi engineers have joined the $22 billion Riyadh Metro project since construction started more than a year ago. They are in charge of various engineering, technical and administrative work on Riyadh Metro and its components across the Saudi capital. Riyadh metro, which is also...
Riyadh governor opens new AOU campus
Business & Money | Friday 8 January, 2016 2:05 pm
Riyadh Gov. Prince Faisal bin Bandar inaugurated here Wednesday night the Kingdom’s new campus of Arab Open University, a project of the Arab Gulf Program for United Nations Development Organizations (AGFUND).  He inaugurated the campus on behalf of Prince Talal bin Abdulaziz,...
Emirates NBD Saudi PMI™ for December 2015
Business & Money | Thursday 7 January, 2016 12:56 pm
 Saudi Arabia’s non-oil private sector suffered a loss of growth momentum at the end of 2015, with business conditions improving at the weakest pace in the survey’s history. Weighing on the sector were slower expansions in output, new orders and employment. Staffing levels, in...
520 exhibitors Participate in the 2016 Saudi Plastics and Petrochem Show
Business & Money | Thursday 7 January, 2016 12:38 pm
The increasing petrochemical and plastics projects has positioned this sector as the largest non-oil sector in the Kingdom, with a recorded growth of 5.3% for the current year. Saudi Arabia alone produces nearly 7 per cent of the global petrochemical output, on the List the largest exporter in the...
Saudi Aramco signs deal to build employee homes
Business & Money | Thursday 7 January, 2016 5:24 am
Saudi Aramco has signed a second contract to build homes for its employees, the state-owned oil company said in its weekly magazine The Arabian Sun. The contract to build 791 homes is part of plans to build more than 8,000 homes in total, as well as schools and community facilities. The new...
Deloitte: Tax reform in the GCC approaching
Business & Money | Thursday 7 January, 2016 2:45 am
Tax reform in the Gulf Cooperation Council (GCC) region is a matter of when, not if, and Saudi Arabia is not immune. The Kingdom, one of the leading economies in the region, and a member of the G20, is committed to the Base Erosion and Profit Shifting (BEPS) initiative and Organization for Economic ...
SWIFT announces 10% rebate on 2015 messaging
Business & Money | Wednesday 6 January, 2016 5:22 pm
SWIFT announces a 10 percent rebate on 2015 messaging fees, returning approximately EUR32 million to SWIFT users around the world. The rebate will be paid in March 2016. “This year’s rebate is a reflection of SWIFT’s continued commitment to the global banking community,”...
Huawei Highlights Key Industry Partnerships in Premium Consumer Devices at CES 2016
Business & Money | Wednesday 6 January, 2016 5:07 pm
As part of its announcements at CES 2016, the Huawei Consumer Business Group shared the details of a slate of partnerships that will create a new consumer ecosystem in mobile, bringing together the best in technology, payment, sound and fashion in its newly launched consumer electronic devices. At...
Continuous Glucose Monitoring Device DEXCOM G4 PLATINUM Now Available in GCC Through Julphar
Business & Money | Wednesday 6 January, 2016 5:05 pm
The revolutionary real-time continuous glucose monitoring device (CGM), DEXCOM G4 PLATINUM is now available in UAE, KSA, Kuwait and Oman and will soon be available in Qatar, Bahrain and Lebanon. With this unique technology, diabetic patients can easily and...
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