Business & Money | Sunday 8 July, 2018 6:09 am

234,000 expats lose jobs in 2018 first quarter

Official data released at the weekend showed that 234,000 foreigners lost their jobs in the private and public sectors during the first quarter of 2018. The facts were reported by a survey based on the data of the General Authority of Statistics (GaStat). The number of non-Saudi employees...

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Business & Money | Sunday 8 July, 2018 6:08 am

Saudi FM meets with US State Department delegation

Saudi Arabia’s Foreign Minister Adel Al-Jubeir met Brian Hook, senior policy adviser to the US secretary of state and director of policy planning, and his accompanying delegation on Saturday in Jeddah.  During the meeting, they discussed bilateral relations and means of...

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Business & Money | Sunday 8 July, 2018 6:07 am

Young Saudi architects make a difference by renovating schools

Three years ago, during the holy month of Ramadan, a group of young enthusiasts volunteered in an Iftar Sayem campaign, serving and distributing iftar (breakfast) meals to fasting people in need.  When the month ended, instead of winding up the project they decided to expand it to continue...

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Business & Money | Sunday 8 July, 2018 2:12 am

“Fares” Acquires 50 Percent of “Tawseel” Delivery Services Shares

Fifty percent shares of Tawseel Delivery Services, a Sharjah-based food delivery service provider, have been acquired by the UAE-based Fares Foundation for General Trading, which specialises in logistics and distribution through land, air and sea.       As per the...

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Business & Money | Sunday 8 July, 2018 1:08 am

UBF enhances its initiative to develop and upgrade the profession of court banking experts

Further to its initiative in 2012 to regulate the appointment of court banking experts in the UAE, the UAE Banks Federation (UBF) continued its collaboration with the Ministry of Justice (MoJ) and the Central Bank of UAE (CBUAE) to further develop and enhance the profession of banking experts in...

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Business & Money | Saturday 7 July, 2018 12:30 am

Equinix and Omantel Enter Agreement to Build New Equinix Data Center in Oman

Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, and Oman Telecommunications Company (Omantel, a MSM listed company: OTEL), announced the companies have entered into a joint venture to deliver data center and interconnection services to customers ...

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Business & Money | Friday 6 July, 2018 4:01 am

Ministers inspect facilities at new Jeddah airport and Haj terminal

Minister of Haj and Umrah Muhammad Saleh Benten, Minister of Transport and Chairman of the board of General Authority of Civil Aviation (GACA) Nabeel Al-Amoudi and GACA President Abdul Hakeem Al-Tamimi inspected the arrangements and facilities made for the Haj and Umrah pilgrims at the Haj terminal ...

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Business & Money | Thursday 5 July, 2018 4:06 pm

Riyadh Governor honors "Mobily" for sponsoring Eid celebrations

His Royal Highness Prince Faisal bin Bandar bin Abdulaziz Al Saud, Governor of Riyadh region, honored Mobily on Monday for sponsoring Eid AlFitr celebrations in Riyadh. Eng. Maziad AlHarbi, Chief Technology Officer of Mobily, received the honorary trophy on behalf of the...

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Business & Money | Thursday 5 July, 2018 2:49 pm

20 of the UAE’s Most Prominent Companies to Showcase their Latest Technologies at Saudi National Security & Risk Prevention Expo

The UAE and Saudi Arabia’s recent announcement of their cooperation in strategic projects encompassing various fields in the “UAE-Saudi Strategy of Resolve”, the two countries are creating a distinctive model of strategic partnerships in the Arab region that is designed to protect ...

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Business & Money | Thursday 5 July, 2018 2:46 pm

GE Global Innovation Barometer reveals Saudi businesses are upbeat about innovation & future technologies to drive local economy

GE today announced the Saudi Arabia-focused findings of its ‘GE Global Innovation Barometer’. The survey, conducted with innovation business executives in the Kingdom, as part of a study with around 2,100 innovation business executives in 20 key global markets, underscored the progress...

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