Business & Money | Tuesday 2 May, 2017 4:01 am

Saudi Agriculture Exhibition sets the dates for its 36th edition in October 2017

Driven by the new directions to develop the aquaculture, organic farming, green houses in Saudi Arabia, the agriculture sector is witnessing major changes to meet its preset objectives and achieve sustainable food security in line with vision 2030. The recent national development strategy...

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Government | Monday 1 May, 2017 4:34 pm

King Faisal International Prize begins evaluation of nominations for 40th session of award

King Faisal International Prize (KFIP) General Secretariat has set in motion an elaborate process of review of nominations for the 40th session of prestigious award 2018 in all five categories: Service to Islam, Islamic Studies, Arabic Language & Literature, Medicine, and Science. The...

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Business & Money | Monday 1 May, 2017 1:35 pm

MEIRA’s new Saudi chapter seeks to bring best Investor Relations practice to the Kingdom

The Middle East Investor Relations Association (MEIRA) has launched a new chapter in Saudi Arabia, supported by the Saudi stock market “Tadawul”, to further develop best practice in Investor Relations (IR) across the Kingdom. The Saudi MEIRA chapter was formally inaugurated at a...

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Tourism & Hospitality | Monday 1 May, 2017 10:59 am

Middle East momentum continues as IHG signs four new hotels

InterContinental Hotels Group® (IHG), one of the world’s leading global hotel companies, announced four new hotel signings as well as six new hotel openings across the GCC in 2017 at the Arabian Travel Market (ATM) in Dubai, UAE. The announcements are an indication of IHG’s...

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Business & Money | Monday 1 May, 2017 9:24 am

Saudi Arabia seeks to increase FDI to 5.7% of GDP in 2017

Saudi Arabia seeks to increase FDI to 5.7% of GDP in 2017   Saudi Arabia is aiming to increase the foreign direct investment from 3.8% of its current GDP to about 5.7% in 2017, as part of its efforts to diversify its economy and boost investment inflows into the...

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Business & Money | Monday 1 May, 2017 9:12 am

Middle East Construction Market to Top USD 300 Billion by 2019

  With the Middle East and North Africa’s construction market topping USD 300 billion by 2019, felt solutions will cut costs and deliver comfortable spaces, architects and interior designers agreed today ahead of International Design Exhibition (INDEX) in...

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Tourism & Hospitality | Monday 1 May, 2017 4:35 am

ETIHAD AVIATION GROUP ORGANISES MOTORBIKE PARADE TO SUPPORT AUTISM AWARENESS MONTH

  Etihad Aviation Group (EAG) organised a motorbike parade across the United Arab Emirates in support of autism awareness, in partnership with Emirates Autism Society.   Over 200 participants, including 40 EAG staff, departed Etihad Airways’ head office in Abu Dhabi on...

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Business & Money | Monday 1 May, 2017 2:54 am

Al Meera achieves Sales of QAR 644.1 million and Gross Margin of QAR 105.2 million in the first quarter of 2017

Al Meera Consumer Goods Company (Q.S.C.) announced its financial results for the first quarter of 2017, three months ended 31 March 2017. Sales reached QAR 644.1 million, compared to QAR 641.0 million for the same period in 2016, and Gross Margin increased from QAR 99.7 million in 2016 to QAR 105.2 ...

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Business & Money | Monday 1 May, 2017 1:35 am

Banks yet to calibrate CDMs to recognize new banknotes

More than four months after Saudi Arabia issued new banknotes, cash deposit machines (CDMs) around the Kingdom do not accept them as banks have not yet completed configuring their software to scan the new bills. Customers have been facing difficulties in depositing new notes in their accounts...

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Tourism & Hospitality | Monday 1 May, 2017 1:19 am

Ròya initiates hospitality industry leadership roundtable aiming to support increased employment of GCC Nationals in the profession

An industry roundtable composed of GCC government tourism bodies, major hotel chain management and private sector industry stakeholders met on 10 April to form a voluntary advisory board for encouraging national citizen hospitality industry employment. The session was hosted by Ahmed Ramdan,...

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