Business & Money | Monday 21 December, 2015 2:24 am

Budget 2016 to focus on new sources of revenues

The government is expected to announce a drive to raise revenue from new sources as it lays out a strategy for the new year to cope with an era of cheap oil, according to economists. ADVERTISING 4 The state budget for 2016 is expected to be released this week, sources have said. Fahad...

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Business & Money | Sunday 20 December, 2015 4:52 am

Schweitzer opens 3rd office in Saudi Arabia

SCHWEITZER Engineering Laboratories is expanding its presence in Saudi Arabia with the opening of an office in Jeddah. The new location will serve customers in the western region of the country. SEL also has offices in Al-Khobar and Riyadh. “As Saudi Arabia diversifies its economy beyond...

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Technology & IT | Sunday 20 December, 2015 4:29 am

Mobily signs MOU with the King Abdulaziz University to support of science and technology

Etihad Etisalat Co."Mobily" has announced that it has signed a Memorandum of Understanding (MOU) with King Abdul Aziz University; the MoU aims to advance the study of science and technology by supporting the dissemination of knowledge and providing practical and hands-on training for...

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Business & Money | Sunday 20 December, 2015 4:27 am

King Abdullah Economic City signs SR42 Million contract with Salim Al Harth to develop Beach Community 3

King Abdullah Economic City (KAEC) has contracted Salim Al Harth Establishment to develop the infrastructure for the Beach Community 3 development at the city. The contract is worth SR42 million.   Under the terms of the contract Al Harth will develop all the underlying infrastructure...

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Business & Money | Sunday 20 December, 2015 2:54 am

Unite on labor issues: KSA to GCC nations

Deputy Minister of Labor Ahmad Al-Humaidan has emphasized the need for consensus and a unified vision regarding labor issues between Saudi Arabia and other GCC countries.  The Saudi Ministry of Labor (MoL) has launched major efforts to adjust the labor market by building mechanisms to ensure...

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Government | Sunday 20 December, 2015 2:48 am

Shoura seeks evaluation of programs for job seekers

During its fourth regular session on Monday, the Shoura Council will discuss a proposal by the Committee on Administration and Human Resources to assign a neutral body to conduct an annual evaluation to identify the qualifications of job seekers and beneficiaries of Hafiz program who are...

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Cars & Autos | Sunday 20 December, 2015 2:30 am

Captain Obaid Al-Anzi clinched the title of the Saudi Drift Star Championship 2015

Following an exciting and very passionate round, Captain Obaid Al-Anzi clinched the title of the “Saudi Drift Star Champion 2015” , which was held in Jeddah recently in the presence of a large number of motorsports fans and enthusiasts.  The final round was held at the track of...

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Government | Saturday 19 December, 2015 8:36 pm

UN ranks Saudi Arabia 2nd among Arab Countries for human development

United Nations issued the annual index, which tracks the levels of human development in 188 countries around the world. Saudi was ranked the 2nd among Arab  States and 39th globally within a very high segment in human development.   ...

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Business & Money | Saturday 19 December, 2015 12:14 pm

Low oil prices won’t hit assistance to Egypt

 Saudi Ambassador to Egypt Ahmad Al-Qattan said Thursday that low oil prices will not prevent the Kingdom from supporting the Egyptian economy. He said the Saudi support would help ease an acute dollar shortage and reduce pressure on the Egyptian government's budget. "The...

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Business & Money | Saturday 19 December, 2015 12:12 pm

Riyadh Metro 26% complete

Seventy-four percent of the main stations of Riyadh Metro are complete. Riyadh Gov. Prince Faisal bin Bander said that the difficult stages in the project have been overcome and work done can now be seen on the surface. He was speaking 30 meters below ground during a fact-finding visit to the...

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