Business & Money | Wednesday 26 August, 2015 7:19 am

China cuts rates, reserve ratio after stocks plummet again

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. The moves came after Chinese stocks...

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Business & Money | Wednesday 26 August, 2015 7:15 am

TASI surges; dollar peg ‘serves economy well’

The Saudi riyal will remain pegged to the US dollar as it has served the economy well, said the Saudi Arabian Monetary Agency (SAMA) on Tuesday. “The Kingdom is committed to keeping the riyal pegged to the dollar,” Ahmed Abdulkarim Alkholifey, deputy governor for research and...

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Business & Money | Wednesday 26 August, 2015 7:14 am

Forum highlights ills of drug addiction

The National Committee for Combating Drugs has launched an introductory forum on Monday, showcasing its projects and programs in Jeddah. The forum was organized in cooperation with the General Directorate of Narcotics Control (GDNC) and conducted under the auspices of Makkah Gov. Prince Khaled...

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Business & Money | Wednesday 26 August, 2015 2:23 am

Highway gas stations revamp intensifies

There has been a flurry of activity on the country’s highways as service companies race to meet the Jan. 19 deadline for the revamp of dilapidated gas stations.  The Ministry of Municipal and Rural Affairs has previously handed out contracts of three and five years to five companies to...

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Environment & Energy | Wednesday 26 August, 2015 2:03 am

Jeddah water project phase-II to be over by mid-2016

Jeddah’s water shortage woes will be considerably over by the middle of next year, as the second phase of the project with a capacity of one million cubic meters (MCM) is nearing completion.  “The second stage of the strategic project, worth over SR375 million, is already...

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Business & Money | Wednesday 26 August, 2015 1:50 am

Visa Checkout Expands Global Availability with New Merchants and Issuers

Visa Inc. (NYSE:V) today announced continued global success of Visa Checkout, the online check out service that allows shoppers to pay with their cards online and on any device, with just a few clicks. In recent months, no less than thirty-three new merchants, ranging from Best Buy and Under...

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Technology & IT | Wednesday 26 August, 2015 12:54 am

ASUS Announces World of Warships Exclusive Partnership

Exclusive World of Warships camouflaged warships, free doubloons and premium accounts all up for grabs with purchases of qualifying ASUS gaming gear Qualifying products include ASUS motherboards, graphics cards, monitors, sound cards, selected ROG desktops and laptops, plus many...

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Healthcare | Tuesday 25 August, 2015 4:47 pm

Brazil’s A.C.Camargo Cancer Center Adopts Masimo SpHb for Noninvasive and Continuous Hemoglobin Monitoring

 Masimo (NASDAQ: MASI) announced today that A.C.Camargo Cancer Center in Sao Paulo, Brazil has installed Masimo’s noninvasive and continuous hemoglobin (SpHb®) technology to monitor surgical patients. Clinicians use invasive blood sampling and laboratory analysis of ...

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Business & Money | Tuesday 25 August, 2015 1:54 pm

Global sustainable development leaders confirmed to speak at Eye on Earth Summit 2015

Some of the world’s most respected leaders in sustainable development are confirmed to speak at the second Eye on Earth Summit, taking place from 6 to 8 October in Abu Dhabi. Held under the patronage of The President HH Sheikh Khalifa bin Zayed Al Nahyan, the Summit will explore the critical...

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Business & Money | Tuesday 25 August, 2015 1:33 pm

Afro Asian Assistance signs strategic partnership agreement with Al Bassami Group

Afro Asian Assistance have announced a strategic partnership with Al Bassami International Business Group (BIG) of Saudi Arabia to provide a roadside assistance service in the Kingdom of Saudi Arabia.    The programme is named ROAD and was developed by BIG. It will offer cost...

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