Environment & Energy | Saturday 28 October, 2017 1:34 am

Crown Prince statements push oil prices to two-year high

The recent statements by Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, have sent oil prices to over $60, the highest in more than two years, agencies said.   The Crown Prince statements have cleared the fogginess shrouding the markets, hence restoring...

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Technology & IT | Friday 27 October, 2017 2:56 pm

Ministry of Communications Inks MOU with OneWeb to Bridge Digital Divide in Saudi Arabia

In a ceremony witnessed by H.E the Minister Eng. Abdulla Al-Sawaha and Sir Richard Branson, the Ministry of Communications and Information Technology (MCIT) and OneWeb have signed a memorandum of understanding to cooperate on the development of solutions in 2020 which should help to connect 237,000 ...

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Beauty & Style | Friday 27 October, 2017 2:10 pm

Chopard new boutique opens in Al Khobar in partnership with Attar United

Chopard and Attar United officially opened the new Chopard boutique in Al-Khobar, Saudi Arabia. The 233 square meters boutique is located on Al-Sheikh Avenue, one of the newest landmarks in the city.   The elegant environment of the boutique artfully embraces the global renovated Chopard ...

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Business & Money | Friday 27 October, 2017 1:41 pm

SEDCO Capital Participates in the 2nd Global Ethical Finance Forum

SEDCO Capital, one of the largest asset managers in Saudi Arabia, was invited to participate in the 2nd Global Ethical Finance Forum to discuss the interplay between Ethics, Faith, Finance and Impact.   The 2nd Ethical Finance conference, which took place in Edinburgh with the support of ...

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Environment & Energy | Thursday 26 October, 2017 12:50 pm

Petromin Jeddah Plant Certified to BS OHSAS 18001:2007 Standard

Petromin, the leading lubricants and automotive services company in Saudi Arabia, has been successfully compliant to the OHSAS 18001:2007 Standard for Occupational Health and Safety Management System for Jeddah plant as the first time ever in Petromin KSA history.   The...

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Business & Money | Thursday 26 October, 2017 6:49 am

Emaar wants to do more business in Saudi Arabia

Mohamed Alabbar, the Emaar Properties chairman, is keen to do further business with Saudi Arabia, and would like to help the Kingdom to develop the $500 billion Neom project announced at the opening day of the Future Investment Initiative in Riyadh. Speaking on the sidelines of the conference, ...

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Government | Thursday 26 October, 2017 6:42 am

Crown Prince meets US treasury secretary

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, met US Treasury Secretary Steven Mnuchin on the sidelines of the Future Investment Initiative (FII) sessions in Riyadh on Wednesday. During the meeting, they discussed major economic issues between the Kingdom and the...

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Business & Money | Thursday 26 October, 2017 6:23 am

King Faisal International Prize helps highlight role of Arabs in humanity’s progress during last 40 years

As part of its efforts to highlight the role of Arabs in the progress of mankind, the King Faisal International Prize has so far recognized the contributions of 108 Arabs, including individuals of Arab origin, as well as Arab organizations. Among the individual winners are rulers,...

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Government | Thursday 26 October, 2017 4:00 am

SoftBank books $3 billion in first 5 months of partnership with Saudi PIF

Masayoshi Son, the partner of Saudi Arabia’s Public Investment Fund, revealed that his Vision Fund has made a return of 22 percent in its first five months of operation and turned in a profit of $3 billion. Now he is ready to launch similar funds in the near future. Son, also founder...

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Business & Money | Wednesday 25 October, 2017 4:15 pm

Al-Futtaim opens second Homeworks store in Saudi Arabia

Homeworks, the latest addition to Al-Futtaim’s retail portfolio, has opened its second store at Rimal Centre, Riyadh in Saudi Arabia and has plans to open two more stores in the city later this year.    The Dubai-headquartered group opened its first Homeworks store located at...

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