Business & Money | Sunday 10 July, 2016 2:23 pm

KAEC Launches “Select Real Estate Services” Department

King Abdullah Economic City (KAEC) has announced the establishment of its new “Select Real Estate Services” department, which specializes in providing resale and rental services for residential units and land already purchased by investors in KAEC.    “The new...

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Business & Money | Saturday 9 July, 2016 5:54 am

Brexit batters UK consumer confidence

British consumer confidence suffered one of its biggest drops in 21 years and the country's largest department store expressed concern over the pound's fall, in the strongest evidence to date of the challenges Britain's economy faces after the Brexit vote. The vote to leave the...

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Business & Money | Friday 8 July, 2016 6:16 am

Al-Falih presents KSA’s vision to achieve global targets

Minister of Energy, Industry and Mineral Resources Khalid Al-Falih took part in high-level discussions on climate change with environment and energy experts, ministers and senior officials from all over the world. These discussions took place during the Petersberg Climate Dialogue...

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Business & Money | Friday 8 July, 2016 6:13 am

‘1 million new retail sector jobs by 2020’

The Saudi retail sector has taken concrete steps to achieve one of the goals of Vision 2030, which is creating 1 million new jobs by 2020 and offering the youth more opportunities to work in commercial shops, vegetable markets, telecommunication shops, and several other areas in the coming...

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Business & Money | Wednesday 6 July, 2016 4:50 am

Fira de Barcelona wins the 2016 UFI Education Award

UFI, The Global Association of the Exhibition Industry, has named Fira de Barcelona as winner of its prestigious UFI Education Award.   Three finalists’ projects were carefully examined by the UFI Education Committee during their meeting on 7 June in Cologne. The Committee was...

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Business & Money | Tuesday 5 July, 2016 2:24 pm

AL-KHALIJI BOARD OF DIRECTORS WILL MEET ON 20/07/2016 TO DISCUSS FINANCIAL RESULTS ENDING ON 30/06/2016

Al Khalij Commercial Bank (al khaliji) P.Q.S.C. announced that its Board of Directors will meet on 20/07/2016 to approve the financial results ending on 30/06/2016. The Board will equally consider other regular business related items. All sensitive matters reported to or discussed at the Board...

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Business & Money | Tuesday 5 July, 2016 2:11 pm

World-record electric motor makes first flight

Siemens researchers have developed a new type of electric motor that, with a weight of just 50 kilograms, delivers a continuous output of about 260 kilowatts – five times more than comparable drive systems. This record-setting propulsion system successfully completed its first public flight...

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Business & Money | Tuesday 5 July, 2016 1:59 pm

PwC to build academy in support of Vision 2030

The Ministry of Commerce and Investment has signed an agreement with PwC, a professional services firm, to set up PwC’s academy in the Kingdom to offer training and development opportunities to Saudi nationals. The memorandum of understanding was signed in New York City by Minister of...

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Business & Money | Tuesday 5 July, 2016 6:21 am

UNESCO to help KSA implement cultural aspects of Vision 2030

The Saudi representative to UNESCO, Dr. Ziyad Aldreiss, said the world body is prepared to cooperate with the Kingdom to see it achieve the goals of its Saudi Vision 2030. He said that UNESCO Director-General Irina Bokova praised the Saudi document, and that the organisation is ready to cooperate...

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Business & Money | Tuesday 5 July, 2016 2:10 am

Xerox’s New Head Of Marketing for MEA Values Diversity, Innovation

 Today, Xerox announced the appointment of Pui Chi Li as the head of marketing for Middle East and Africa (MEA). Chi, the first woman to hold this position, will oversee Xerox marketing and communications activities, technology product and offering management, strategic pricing, sales...

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