Culture & Education | Saturday 18 April, 2015 12:50 pm

Alwaleed foundation buys 100 artworks of special kids

Alwaleed Bin Talal Foundation purchased all the 100 artworks that had been put for auction at the “Salman In Their Eyes” exhibition which concluded here on April 16.The three-day exhibition, organized by the Disabled Children’s Association (DCA), was the first of its kind to deliver a message ...

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Culture & Education | Saturday 18 April, 2015 12:49 pm

More women want jobs in IT sector

Many Saudi women are breaking stereotypes by seeking work in the information technology sector rather than in the fields of education and health, say experts.Fatima Asiri, a project manager in IT engineering at Asir education department, told Arab News that many women want these jobs because they...

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Healthcare | Saturday 18 April, 2015 12:47 pm

‘One in three drugs fake in Arab world’

A GCC health official has called for strict penalties on countries and companies found engaged in exporting or importing adulterated and counterfeit drugs in order to curb the spread of such drugs in Arab countries.Director General of the Executive Office of the Council of Ministers of Health of...

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Business & Money | Saturday 18 April, 2015 12:36 pm

Barwa Bank net profit up by 41.5% in 2014

Barwa Bank’s financial results for 2014 showed strong growth across all segments, with Net Profit reaching QAR 713 million, up by 41.5% as compared to 2013. Total assets grew by 14% reaching QAR 38 billion, driven mainly by strong growth in the bank’s financing portfolio which grew from QAR...

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Business & Money | Saturday 18 April, 2015 12:30 pm

DME Oman Crude Oil settled above $60/b for first time in four months

Oman crude oil prices on the Dubai Mercantile Exchange settled above $60/b for the first time in four months, as prices continued to climb on signs of a slowdown in US shale oil production. Front-month June DME Oman futures contract settled 12:30 Dubai time at $60.22/b, up $1.94 on the previous...

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Tourism & Hospitality | Saturday 18 April, 2015 11:52 am

King Fahd Park in Dammam opens to visitors

The visitors’ area of the King Fahd Park Development Project in Dammam has been completed by the investing company, according to the Eastern Province Municipality. The park is located between Dammam, Dhahran and Al Khobar.Mohammed Al-Sufaian, spokesman for the Eastern Province Municipality, said: ...

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Business & Money | Friday 17 April, 2015 12:56 pm

Govt to build 25,500 more apartments

The Housing Ministry has announced that it will construct 25,500 additional housing units in various cities across the Kingdom with the aim of easing the acute housing shortage.The ministry revealed that it has now completed the marketing for all of the apartments that are part of housing project...

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Business & Money | Friday 17 April, 2015 12:54 pm

Artisans to be trained abroad

Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA) announced Thursday the start of a program in South Korea for the training of Saudi male and female artisans to revive and develop the accuracy of ancient crafts. He indicated that the program will be...

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Business & Money | Friday 17 April, 2015 12:49 pm

KSA to open stock market to foreigners on June 15

Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares, the Capital Market Authority (CMA) said.Final rules covering the opening of the market will be published on May 4, the CMA added.The authority...

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Cars & Autos | Friday 17 April, 2015 1:18 am

The FXX-K is “Best of the Best”

Three Ferraris have won the prestigious Red Dot Award, the world’s leading product design competition which celebrates its 60th anniversary this year. The recent FXX-K has been named Red Dot Best of the Best for the top design quality and ground-breaking design, while both the California T and...

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