Business & Money | Monday 18 January, 2016 7:08 am

Tadawul tumbles 5.4%; sliding crude prices, global equities to blame

The slide in oil prices below $30 and global equities have been impacting the investor sentiment as well as the Saudi stock market (Tadawul), economists have said.  On Sunday, Tadawul saw its lowest close since March 2011, when the stock market index tumbled 5.4 percent in almost...

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Environment & Energy | Sunday 17 January, 2016 2:27 pm

Sadara on track to ‘change the game’ in Saudi Arabia’s downstream industry

Following the successful start-up of the first Solution Polyethylene facility in the Middle East in December, Sadara Chemical Company (Sadara) is well on track to set new paradigms in both Saudi Arabia’s and the region’s downstream industry.  The company, which sponsored and...

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Government | Sunday 17 January, 2016 10:09 am

The Saudi Authority for Accredited Valuers renews pledge of allegiance to the wise leadership

On the occasion of the first anniversary of pledge of allegiance to the Custodian of the Two Holy Mosques King Salman holding the reins of power in our dear country , the Saudi Authority for Accredited Valuers members renews the pledge of allegiance to the Custodian of the Two Holy Mosques, King...

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Tourism & Hospitality | Sunday 17 January, 2016 4:20 am

Jeddah’s airport sees record passenger numbers

King Abdulaziz International Airport in Jeddah handled more passenger in 2015 than any other year since its establishment. Administration at the airport recorded 29,785,874 passengers last year, an increase of 6.6% from 2014.  In a report, airport administration indicated the increase is...

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Tourism & Hospitality | Sunday 17 January, 2016 4:01 am

New York hotel marks 5,000th opening for IHG

InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, has today unveiled the Hotel Indigo® Lower East Side New York as its 5,000th hotel globally. The opening of this landmark property takes IHG’s global system size to 5,000 hotels, in nearly 100...

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Business & Money | Sunday 17 January, 2016 3:17 am

Naif center earns global respect

The Mohammad bin Naif Counseling and Care Center has attracted global interest for its experience in correcting terrorist minds and cleansing them from extremist and deviant ideas, according to an online newspaper. International delegations from 35 countries have visited the center to learn from ...

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Government | Saturday 16 January, 2016 12:37 am

School principals get more powers

The Ministry of Education (MoE) has decided to grant additional powers to principals of around 350,000 schools across the Kingdom to remove bureaucratic hurdles. The number of powers the principals will enjoy will be 60 as against the previous 52, local media reported, quoting sources, on...

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Tourism & Hospitality | Saturday 16 January, 2016 12:35 am

KSA, Egypt to work closely in tourism and antiquities

The Kingdom and Egypt pledged to work closely in order to enrich their experiences in the field of tourism and antiquities and further enhance bilateral cooperation. This was revealed after a meeting between Prince Sultan bin Salman, president of the Saudi Commission for Tourism and National...

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Business & Money | Friday 15 January, 2016 1:15 pm

Engineer Hafed Al-Tuwaijry, Chief Executive Officer of the Saudi Hospitality Heritage Company "Nuzul"

The Board of the Saudi Hospitality Heritage Company "Nuzul" assigned Eng. Hafed Al-Tuwaijry as Chief Executive Officer of the company. Holder of a civil engineering degree from King Saud University, Eng. Hafed Al-Tuwaijry held several leading positions in a number of renowned real...

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Cars & Autos | Thursday 14 January, 2016 4:22 pm

Nissan TITAN Warrior Concept and Nissan IDS Concept featured at 2016 North American International Auto Show

Just one year after the production version of the all-new Nissan TITAN XD made its world debut at the North American International Auto Show, the TITAN Warrior Concept was unveiled today on the very same stage. A design study created to demonstrate how the Cummins® 5.0L V8 Turbo Diesel...

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