Business & Money | Sunday 5 June, 2016 6:31 am

20 ministries to begin implementing Vision 2030

Twenty ministries will soon begin the implementation of Saudi Vision 2030, according to a source. The Council of Economic and Development Affairs (CEDA) has approved the final structure and hierarchy of the Ministry of Economy and Planning to make it a supportive agency for all executive and...

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Business & Money | Sunday 5 June, 2016 6:29 am

UK prepares to participate in housing projects in Kingdom

The British government intends to mobilize all of its specialized entities and companies operating in the field of construction for residential units to invest in the large residential projects offered by the Kingdom, as represented by the Department of Housing in fulfillment of its “Vision...

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Tourism & Hospitality | Sunday 5 June, 2016 6:15 am

KSA targets 1.5m tourists by 2020

The Saudi Vision 2030 development initiative announced by Deputy Crown Prince Muhammad Bin Salman has rejuvenated the Kingdom’s tourism sector as the strategic plan aims to increase the revenue generated from tourism to 18 percent in the next 14 years. The vision also aims to establish an...

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Government | Sunday 5 June, 2016 6:13 am

Crown Prince: Saudi leadership keen since inception of the Kingdom to provide pilgrims with best service

Crown Prince Mohammed bin Naif, the Deputy Premier and the Minister of Interior, who is also the President of the Supreme Haj Committee asserted here tonight, that the leadership of Saudi Arabia was and is still keen since its inception to provide pilgrims with the best service, in praise of the...

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Tourism & Hospitality | Sunday 5 June, 2016 6:12 am

Jeddah Historical Area ready for Ramadan

The Jeddah municipality has made special arrangements to receive visitors and tourists to the Historical Area during the holy month of Ramadan. "The arrangements include bus trips and volunteers monitoring movement of vehicles, visitors and shops," said Sami Nawwar, director of culture...

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Government | Sunday 5 June, 2016 6:00 am

Prophet’s Mosque geared to welcome Ramadan visitors

The agency that looks after the affairs of the Prophet’s Mosque in Madinah has mobilized 5,000 employees, including women, to implement its Ramadan plan designed to ensure the welfare and comfort of pilgrims and visitors around the clock during the holy month. “We have readied 16,000 ...

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Business & Money | Sunday 5 June, 2016 5:56 am

SES Prices Hybrid Bond Offering of EUR 750 million

This transaction is of strategic and long-term importance for SES, and complements the recent equity raise which generated gross proceeds of EUR 908.8 million. Together these transactions are fully consistent with SES’s commitment to maintaining its investment grade credit rating (BBB/ Baa2)...

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Tourism & Hospitality | Saturday 4 June, 2016 4:08 pm

Kempinski Hotel & Residences Palm Jumeirah hosts Magical Ramadan Nights at the Award-Winning Layali Tent

Kempinski Hotel & Residences Palm Jumeirah is set to host Iftar and Suhoor like no other in Dubai, at the preferredLayali Tent on a bigger, grander and more spectacular scale, which was previously recognized as the best Iftar and Suhoor in Dubai by Gulf Business 2015.  From...

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Tourism & Hospitality | Saturday 4 June, 2016 3:58 pm

Downtown Rotana - Bahrain’s New Hospitality Gem in the Heart of the Capital

Rising amidst the traditional backdrops of the Manama ‘suq’ and the modern skyline of the Kingdom’s central business and financial district, Downtown Rotana is the newest five-star hotel to open in the heart of Bahrain’s capital.  Standing high above ground, at...

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Business & Money | Saturday 4 June, 2016 3:40 pm

Visa Introduces NFC-Enabled Payment Ring for Team Visa Sponsored Athletes to Use at Rio 2016 Olympic Games

Visa Inc. (NYSE:V), the exclusive payment provider at the Olympic and Paralympic Games, today introduced a new innovation for use at the Rio 2016 Games – the first payment wearable ring backed by a Visa account. The Visa payment ring will be given to all Team Visa athletes in Rio, a group of...

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