Business & Money | Thursday 22 December, 2016 2:00 pm

Bupa Arabia honors Al-Diyar United Co. Ltd in appreciation of its distinct strategic partnership

Bupa Arabia for cooperative insurance, the largest healthcare company in the Kingdom, honoured Al-Diyar United Co. Ltd in recognition for its continuous distinct partnership. Through this 16 year old prosperous partnership, Bupa Arabia was able to provide the best and finest quality healthcare...

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Business & Money | Thursday 22 December, 2016 5:51 am

Saudi budget to be announced today

Saudi Arabia will today unveil its annual budget statement, which is expected to outline a series of tough measures designed to put the Kingdom on the road to achieving financial balance by 2020. Subsidy cuts, rationalized spending and new fees for expatriate workers are three key moves expected...

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Business & Money | Thursday 22 December, 2016 3:54 am

MLSD, GaStat sign agreement to develop employment data

The Ministry of Labor and Social Development (MLSD) signed on Monday a memorandum of understanding with the General Authority for Statistics (GaStat) to develop various statistical products relating to manpower, social development and establishments as well as to maintain exchange of data. The...

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Business & Money | Thursday 22 December, 2016 2:52 am

Analysts see more Saudi bonds in pipeline

When Saudi Arabia slipped into deficit in 2014 following a slump in oil revenues, the government took familiar steps to bridge that shortfall, drawing down on its reserves and selling riyal-denominated debt to local lenders. The domestic bonds squeezed liquidity, sending the Saudi interbank rate...

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Tourism & Hospitality | Wednesday 21 December, 2016 4:11 pm

AlHokair’s Hotels Receive "the Medal of Excellence" Awards

AbdulMohsen AlHokair for Tourism and Development's hotels participated in Jeddah Municipality's program to evaluate the quality and safety of food services and bestow the Medal of Excellence on food establishments that have achieved the highest quality standards. The awards were given...

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Business & Money | Wednesday 21 December, 2016 3:16 pm

Jeddah International Trade Fair 2016 opens on positive note for non-oil based industrial sectors

Organized under the patronage of Jeddah Chamber of Commerce and Industry (JCCI) the Jeddah International Trade Fair (JITF) 2016 was inaugurated by H.E. Hassan Ibrahim Dahlan, Secretary General of JCCI.    “As we approach the New Year, 2017, I am delighted to open Saudi...

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Business & Money | Wednesday 21 December, 2016 1:27 pm

King Abdullah Port’s Annual Capacity to Reach Four Million TEU Milestone

The infrastructure works for Berth 5 and Berth 6 are about to be finished in a few weeks, King Abdullah Port announced on Wednesday. The two berths are part of the port’s strategic expansion plan, which aims to significantly uprate the port’s capacity, thus boosting its standing in the...

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Tourism & Hospitality | Wednesday 21 December, 2016 4:52 am

Roads of Arabia exhibition kicks off in Beijing

Prince Sultan Bin Salman, president of the Saudi Commission for Tourism and National Heritage (SCTNH), opened the “Roads of Arabia: Archeological Treasures of Saudi Arabia” exhibition at the National Museum of China in Beijing on Tuesday. Several dignitaries, including Chinese...

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Business & Money | Wednesday 21 December, 2016 1:58 am

Haramain train only 10 km of tracks away from completion

Work on only 10 km of track has to be completed before the Haramain high-speed train will be ready for operation, according to the project’s supervisor Bassam Ghulam. He said during a presentation at the Makkah Chamber of Commerce and Industry on Monday that work has to be completed on...

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Tourism & Hospitality | Wednesday 21 December, 2016 1:39 am

Oman hosts Executive Office meeting for the 19th Arab Ministerial Tourism Council

The Arab Ministerial Tourism Council met from the 13th to 15th of December at the Al Bustan Palace Hotel in Muscat. Attendees included Ministers from the Arab countries, members of World Tourism Organization as well as representatives from the Arab Center for Tourist Media. The council met to...

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