Business & Money | Wednesday 9 March, 2016 12:01 pm

Executive Director of Securities Commission Malaysia to speak at Responsible Finance Summit

The Responsible Finance Summit today announced that Mr. Zainal Izlan Zainal Abidin, Executive Director of Islamic Capital Market at Securities Commission Malaysia, will speak at the groundbreaking gathering of global Islamic and responsible finance leaders. The Summit, which is hosted by Bank...

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Business & Money | Wednesday 9 March, 2016 6:48 am

Fiction writing, entrepreneurship included in Souk Okaz Prize

Emir of Makkah and Adviser to Custodian of the Two Holy Mosques Prince Khaled Al-Faisal, who is also chairman of the supervising committee of Souk Okaz, has approved including two new categories in the annual Souk Okaz Prizes. The new categories are for fiction writing and entrepreneurship and...

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Business & Money | Wednesday 9 March, 2016 4:47 am

Saudi Arabia’s imports of softwood lumber amounted to 1.07 million

Organisers of the 11th edition of Dubai WoodShow 2016, the largest trade fair for wood products in the Middle East which will take place from 4 – 6 April 2016, has revealed, quoting a recent study by Woodstat, a statistics firm that keeps tabs on the lumber and forestry industries across ...

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Business & Money | Wednesday 9 March, 2016 3:47 am

Standard work contract soon

The Ministry of Labor is planning to issue a mandatory standard contract for all business establishments, commercial organizations and industry in order to regulate the relationship between employers and workers and guarantee the rights of both parties. This was revealed by Sultan Al-Mutairi,...

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Business & Money | Wednesday 9 March, 2016 3:32 am

Mobile phone shops to be Saudized in six months

Minister of Labor Mufrej Al-Haqbani issued orders on Tuesday for the total Saudization of all sales outlets and maintenance shops of mobile phones and their accessories within a period of six months. According to the new directive, the mobile shops will start implementing Saudization from March...

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Business & Money | Tuesday 8 March, 2016 12:21 pm

The Big 5 Saudi opens

The Big 5 Saudi, the largest construction event in Jeddah, was opened yesterday by the Mayor of the Jeddah Municipality, Hani Abu Ras. On a tour of the event Mayor Hani Abu Ras noted the large number of regional and international companies exhibiting.   “The Big 5 Saudi is one of...

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Business & Money | Tuesday 8 March, 2016 12:20 pm

EMC Announces Kamal Othman as General Manager for Saudi Arabia

Announced the appointment of Kamal Othman as the General Manager for Saudi Arabia. In the new role, Kamal will be responsible for driving the organization’s strategic agenda and innovation roadmap in a bid to further accelerate EMC’s significant growth across the Kingdom. Based...

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Business & Money | Tuesday 8 March, 2016 11:51 am

Analytics gaining ground in Saudi Arabia’s manufacturing industry

With the Internet of Things (IoT) transforming the ways in which sensor-generated data is gathered, evaluated and leveraged, various industries in the Kingdom of Saudi Arabia are realising the importance of analytics in enabling more efficient and competitive monetisation strategies.  By...

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Business & Money | Tuesday 8 March, 2016 7:50 am

Petromin Confirmed as a Business Partner in Nissan’s Expansion Strategy in Saudi Arabia

Nissan has announced a new business partner - Petromin Corporation (Petromin) in the Kingdom of Saudi Arabia. Petromin will join Alissa as the second strategic partner to Nissan as it continues its growth and expansion across the Kingdom.    “We announced in November 2013that...

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Business & Money | Tuesday 8 March, 2016 5:36 am

New Saudization program unveiled

Minister of Labor Mufrej Al-Haqbani has directed the launching of a new Saudization program called “Guided Localization” under the minister’s direct supervision. Al-Haqbani urged leaders in the employment sector to extend all types of support to this program that aims at...

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