Business & Money | Wednesday 23 December, 2015 1:35 pm

Brains behind Dubai firm ‘The Entertainer’

By: Megha Merani She arrived in the UAE with $3,000. Today, her company puts $1.3 billion into the global economy each year. “About 60 per cent of that would be the GCC,” says Donna Benton – the brains behind Dubai-based international firm The Entertainer. Founded in 2001,...

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Business & Money | Wednesday 23 December, 2015 12:24 pm

Sabic Demonstration Home Achieves Highest Level of Building Performance Certification in The Region

A high-performance demonstration home built to serve SABIC’s Home of Innovation™ growth initiative has earned Platinum certification from the US Green Building Council’s Leadership in Energy & Environmental Design (LEED) rating system.    It is the first...

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Business & Money | Wednesday 23 December, 2015 5:35 am

Riyadh to host seminar on heritage of Arab Peninsula

King Abdulaziz Foundation for Research and Archives (KAFRA) will host an international seminar on the heritage of the Arabian Peninsula as documented in manuscripts. A decision to this effect was taken by the KAFRA board here on Tuesday during its 45th meeting under the chairmanship of Custodian ...

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Business & Money | Wednesday 23 December, 2015 4:29 am

Jeddah seeks to attract 1m shoppers

The Jeddah Chamber of Commerce and Industry (JCCI) plans to attract 1 million visitors to its shopping and entertainment festival, known as Hayya Jeddah, which takes place from Jan. 7 to Feb. 7. Adnan bin Hussein Mandoura, the secretary general of the JCCI, said recently the plan is to ensure...

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Business & Money | Wednesday 23 December, 2015 3:27 am

KSA strongly supports cooperative sector

The Kingdom strongly supports the cooperative sector and efforts are underway to strengthen it so as to serve the national economy in an effective way, Prince Saud bin Salman, the honorary president of the Saudi Cooperative Societies, has said. “It is well known internationally that the...

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Business & Money | Tuesday 22 December, 2015 2:54 pm

Alissa Universal Motors Celebrates 30 Years of Leadership in the Commercial Vehicle Sector in the Kingdom of Saudi Arabia

Alissa Universal Motors, authorized dealer of Isuzu vehicles in Riyadh and member of the Abdullatif Alissa Holding Group, has celebrated its three decade journey of success in the Kingdom’s commercial vehicle sector. The grand celebration was attended by Eng. Abdul Mohsen Bin Abdullatif...

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Business & Money | Tuesday 22 December, 2015 2:18 pm

King Abdullah Economic City Inks SR27 Million Contract to Establish Industrial Valley Logistics Park

King Abdullah Economic City (KAEC) has signed a contract with Mikati Contracting Est. to build a unique Logistics Park located in Phase B1 of the Industrial Valley.  The SAR26.6 million facility, comprising prefabricated light-manufacturing and warehousing units, will be completed by the third ...

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Cars & Autos | Tuesday 22 December, 2015 5:49 am

Big Wins For Al Jazirah Vehicles Agencies at Ford Service Excellence World Cup 2015

Held recently in the UAE, the Ford Service Excellence World Cup for 2015 saw Saudi Arabia’s Al Jazirah Vehicles Agencies (AJVA), the local Ford and Lincoln importer-dealer in the Kingdom, take home some of the most coveted titles on offer, and the most awards on the night. Competing...

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Government | Tuesday 22 December, 2015 4:57 am

Saudi Arabia to unveil budget Monday

Saudi Arabia will unveil the general budget for 2016 on Monday, Al-Arabiya News channel reported on Monday quoting sources. The government usually announces budget at the session of the Council of Ministers in the last 10 days of December. Last year, the budget was unveiled during an...

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Business & Money | Tuesday 22 December, 2015 4:55 am

Brent crude oil skids to lowest since 2004

Brent crude prices fell to their lowest in more than 11 years on Monday, hounded by a relentless rise in global supply that looks set to outpace demand again next year. Oil production is running close to record highs and, with fresh barrels poised to enter the market from the likes of Iran, the...

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