Business & Money | Sunday 25 December, 2016 11:11 am

Middle East & Africa Enterprise Infrastructure Market Suffers Year-on-Year Decline Despite Shift to Higher-End Servers

The Middle East and Africa (MEA) enterprise infrastructure market, which covers servers and external storage, suffered a 7% year-on-year decline in value to total $581 million in Q3 2016, according to the latest Quarterly Server and Disk Storage Systems Tracker from International Data Corporation...

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Business & Money | Sunday 25 December, 2016 11:06 am

Retailers in the Region Utilize Social Media to Build Customer Loyalty

Middle East has seen a tremendous rise in smartphone penetration rates and social media usage as the total number of Internet users has recently crossed a 100 million mark. Retailers are exploring ways to get more personal with their customers, through online offerings and social media...

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Business & Money | Sunday 25 December, 2016 11:00 am

20% of design work for advanced reactor completed

The second meeting of the joint Saudi-Korean Steering Committee for the System-integrated Modular Advanced Reactor (SMART) concluded in Seoul recently.  From the Saudi side, the meeting was chaired by Deputy President of King Abdullah City for Atomic and Renewable Energy (K.A.CARE) Walid...

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Business & Money | Saturday 24 December, 2016 12:26 pm

Saudi Arabia’s new expat fees: What will it cost?

Saudi Arabia plans to introduce an “expat levy” from 2017, it was confirmed during Thursday’s budget announcement, with charges of up to SR800 per worker to be phased in by 2020. Companies currently pay a levy of SR200 per month per expat employee, but only for expat employees...

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Business & Money | Saturday 24 December, 2016 12:05 pm

Jadwa Investment Report: Saudi Arabia’s 2017 Fiscal Budget

The government’s budget for the 2017 fiscal year (31 December 2016 to 30 December 2017) was endorsed by the Council of Ministers on 22nd December. It points to an expansionary stance (Figure 1) and is also in line with the National Transformation Program’s (NTP) target of reaching a...

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Business & Money | Saturday 24 December, 2016 11:50 am

Training is our top priority, says crown prince

Crown Prince Mohammed bin Naif, deputy premier and minister of interior, said the Ministry of Interior accords top priority to the training of personnel. He said the ministry focuses on continuous training and development, noting that the role of equipment and machinery comes after...

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Business & Money | Saturday 24 December, 2016 11:19 am

Isuzu opens central spare parts depot

BAKHASHAB Brothers Holding Company, dealer of Isuzu cars in Saudi Arabia, recently opened the largest depot for Isuzu spare parts in Jeddah. The opening ceremony was attended by a delegation of senior executives from Isuzu Middle East Company, including Hiroyoshi Sakai, president, and Katsuro...

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Business & Money | Saturday 24 December, 2016 11:12 am

MiSK Foundation launches talent-mining festival

Deputy Crown Prince Mohammed bin Salman’s MiSK Foundation launched Wednesday the third edition of the “Hakaya MiSK” Festival at Dhahran Exhibition Center in the Eastern Province, an event that will witness many activities through which the foundation seeks to disseminate knowledge ...

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Business & Money | Saturday 24 December, 2016 10:14 am

Al-Hogail: Kingdom aims to provide affordable housing

The Fourth Arab Housing Conference in Riyadh on Wednesday tackled several important issues facing the housing and construction sector, with experts discussing the latest developments, available opportunities and studies related to the industry. Organized by the Ministry of Housing in partnership...

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Business & Money | Friday 23 December, 2016 7:21 am

More than a third of budget goes to education, health and development

More than a third of Saudi expenses will be in two key emerging sectors: the education with more than SR200 billion, and the health and social development sector with SR120 billion. The figures allocated for the education and health and social development sectors represent 36% of the total...

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