Business & Money | Friday 13 March, 2015 3:43 am

100% foreign ownership in most sectors: SAGIA

Saudi Arabia allows foreign investors to have 100 percent ownership of their projects, except in four sectors where they require a Saudi partner, said a senior official of Saudi Arabian General Investment Authority (SAGIA).Ayedh Al-Otaibi, director of Investment Regulations Development and...

More Details

Government | Friday 13 March, 2015 3:41 am

Restaurants, groceries close shop in anticipation of raids

Several restaurants, grocery stores and other shops have closed their doors since the government launched its latest crackdown on illegal workers, Arab News has found.The campaign is aimed at arresting workers working without permits or in jobs not stated on their residence permits. Many small...

More Details

Business & Money | Friday 13 March, 2015 3:39 am

Govt orders Saudization of public transport industry

Makkah Gov. Prince Khaled Al-Faisal, who is also the chairman of the ministerial supervisory committee on public transport, has ordered all contracts for the public transport system (including metro and buses) in Makkah, Jeddah and Taif to incorporate a clause for the Saudization of the public...

More Details

Business & Money | Friday 13 March, 2015 3:38 am

Saudi push to boost Egyptian economy

World leaders have started arriving in Sharm El-Sheikh to attend a major economic conference that opens on Friday to mobilize $12 billion in foreign investment to jump-start Egypt’s battered economy.Crown Prince Muqrin, deputy premier, will lead the Kingdom’s delegation to the conference, said...

More Details

Technology & IT | Friday 13 March, 2015 3:09 am

Eyefi Introduces Eyefi Mobi Pro

Eyefi (www.eyefi.com), the global leader in digital photo apps and services, today launched Eyefi Mobi Pro, a new 32GB WiFi SD card – the most powerful WiFi SD card ever. Mobi Pro is the latest in the company’s product portfolio and combines advanced wireless transfer features with photo apps...

More Details

Business & Money | Friday 13 March, 2015 3:04 am

Official Partnership Launch Between Longines & Behbehani Group

To spread their wings further, on 11 March 2015, Mr. Walter von Känel, President of Longines, and Mr. Ali Morad Behbehani, Behbehani Group President, announced the partnership of Longines with the Behbehani Group by adding Longines to the multi brand boutique belonging to the Behbehani Group in...

More Details

Technology & IT | Friday 13 March, 2015 1:22 am

BenQ Unveils Instant Living Room Cinema Solutions

Internationally renowned provider of digital lifestyle and global DLP® projector leader, BenQ introduced today two new additions to its home video projector lineup: the W1070+ and the W1080ST+. Following the company’s sales success with current models, the launch of these new-generation home...

More Details

Business & Money | Thursday 12 March, 2015 4:10 pm

MEED Qatar Projects conference told that Qatar NMB clearing centre to open in April

The Middle East's first hub for clearing transactions in the Chinese Yuan is to open in Doha in April, Qatar Central Bank Governor Sheikh Abdullah Saoud Al-Thani told the annual MEED Qatar Projects Conference. He said that the move is part of a programme of initiatives involving Chinathat include...

More Details

Cars & Autos | Thursday 12 March, 2015 3:11 pm

Audi CEO: “We delivered more in 2014 than promised”

With a new record for deliveries of more than 1.74 million automobiles, Audi for the first time increased its revenue to more than €53 billion in 2014. Operating profit amounted to €5.15 billion and the operating return on sales of 9.6 percent was at the upper end of the strategic target...

More Details

Business & Money | Thursday 12 March, 2015 3:08 pm

GROHE presents “Masters of Technology”

For many decades, GROHE has been hailed an industry leader, based on the excellence of its products. Now the company is shifting attention back to its technological roots. Its new campaign underlines its status as a leading developer and manufacturer of faucets, fittings, showers and systems, which ...

More Details