Business & Money | Wednesday 27 December, 2017 11:30 am

Winners of New Media Prize to be announced Thursday

The Saudi General Commission for Audiovisual Media will announce on Thursday winners of the New Media Prize, which will be given to 10 most influential digital content makers in the Kingdom. Minister of Culture and Information Awwad Al-Awwad will attend the event at the Saudi Television...

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Business & Money | Wednesday 27 December, 2017 11:26 am

Saudi Arabia to cut reliance on foreign workers in jewelry sector

In a major move to cut reliance on foreign workers, seven administrative regions of the Kingdom have announced their commitment to the localization of the gold and jewelry market. The move is in response to the decision by the Ministry of Labor and Social Development two weeks ago to encourage...

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Business & Money | Wednesday 27 December, 2017 10:24 am

‘Roads of Arabia’ exhibition makes its way to Japan

Tokyo National Museum is the next stop in January for the “Roads of Arabia” exhibition of Saudi archaeological masterpieces organized under the supervision of Prince Sultan bin Salman. Since its opening on July 13, 2010, at the Louvre Museum, Paris, the Roads of Arabia has been hosted...

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Business & Money | Tuesday 26 December, 2017 10:00 am

Saudi Arabia’s Oldest Bank Beats Region’s Best to Win Two Corporate Excellence Awards

Alawwal bank won the Middle East’s ‘Best retail bank’ and ‘Banking CEO of the year’ at the recent Lefonti Awards held in Dubai. The awards are part of an international programme celebrating corporate excellence amongst the region’s most recognisable...

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Government | Tuesday 26 December, 2017 8:14 am

Saudi Citizen Account beneficiaries to be informed via SMS

The Citizen Account Program announced that on Dec. 26 beneficiaries will receive text messages in case they did not have funds transferred to their accounts owing to IBAN errors. They will be asked to add a different IBAN or check with their banks, the Saudi Press Agency (SPA) reported. The...

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Tourism & Hospitality | Monday 25 December, 2017 4:11 pm

“Dur Hospitality Company” fronts the industry as the ‘Hospitality Company of the Year 2017’

Dur Hospitality was honored as the “Hospitality Company of the Year”, at the MEED Award Ceremony 2017 held in Dubai on the 27th of November.   This accomplishment recognizes Dur’s outstanding performance in meeting business achievements, implementing sustainability...

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Business & Money | Monday 25 December, 2017 2:00 pm

MITEF Saudi Startup Competition Draws More than 2,500 Entries

MIT Enterprise Forum Saudi Arabia’s annual Startup competition has attracted 2,536 entries for 2018 – up 14 percent on the previous year.   Under the theme ‘‘Create your tomorrow’’, the competition has three categories – ideas, startup, and...

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Business & Money | Monday 25 December, 2017 12:39 pm

Najm showcases its latest traffic safety technology at the Fourth Traffic Safety Forum and Exhibition

Najm Company for Insurance Services participated in the fourth Traffic Safety Forum and Exhibition, organized by the Saudi Traffic Safety Society (SALAMH). The exhibition, themed “The Role of Smart Technologies in Enhancing Traffic Safety”, was held in Dammam from the 11th till the 13th ...

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Business & Money | Monday 25 December, 2017 12:32 pm

Saudi Ministry of Finance issues local bonds in Riyadh

Saudi Ministry of Finance announced the completion of receiving additional investors’ requests for issuance of local sukuk by re-opening its fourth IPO for the second time under Saudi Government local currency sukuk program. The last initial public offering (IPO) was made in October. The ...

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Business & Money | Monday 25 December, 2017 11:34 am

Fines await Saudi businesses late in filing for VAT

Any institutions with an annual revenue exceeding SR1 million ($266,666) that fail to register at the VAT system before the deadline will face a fine of SR10,000, the General Authority of Zakat and Tax (GAZT) has announced. The GAZT urged institutions that have not registered yet to do so...

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