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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Business & Money | Monday 21 December, 2015 5:25 am

Emir inspects work at Haramain stations

Prince Khaled Al-Faisal, Emir of Makkah region and Adviser to Custodian of the Two Holy Mosques, said on Sunday that the Haramain Railway will address the problem of unplanned neighborhoods in the holy city. “The railway project is instrumental in accelerating the governorate’s plan...

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Business & Money | Monday 21 December, 2015 4:08 am

Jeddah International Trade Fair to begin on Tuesday

Jeddah is all set to host the 27th edition of the Jeddah International Trade Fair 2015, in which 150 firms from Saudi Arabia and abroad are participating. The fair will be inaugurated on Tuesday and ends Friday. The Fair, to be organized by Al Harithy Company for Exhibitions (ACE) under the...

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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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