Business & Money | Thursday 17 March, 2016 9:35 am

SEDCO Holding Group’s Football Cup 2016 Concludes with 450 Players

In presence of the Chairman of the Board of Directors, Mr. Saleh Bin Mahfouz and the CEO Mr. Anees Ahmed Moumina, SEDCO Holding Group has successfully concluded its 29th SEDCO Football Cup that lasted for 30 days and gathered 450 players from the Group’s different Operating Companies. Mr....

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Business & Money | Thursday 17 March, 2016 8:59 am

WCU: Strong week for oil but challenges remain

After three weeks of sideways trading the Bloomberg Commodity index, which reflects the price development of many key commodities, broke higher and reached three months high.   The charge was led by the energy sector. Gasoline surged and crude oil showed the ...

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Business & Money | Thursday 17 March, 2016 6:22 am

GCC Paces World in Cyber-Preparedness

GCC countries are among the global leaders in cybersecurity preparedness, with the region’s network security spend tripling to USD 1 billion by 2018, industry experts announced today at Infosecurity Middle East, part of ISNR.   With the region’s rapid economic development and ...

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Business & Money | Thursday 17 March, 2016 5:05 am

Labor minister launches outreach service for incoming expat workers

The Ministry of Labor launched an expatriate outreach service at King Khaled International Airport (KKIA) in Riyadh on Tuesday to help new incoming expatriate workers to the Kingdom facilitate their successful stay in the Kingdom. Labor Minister Mufrej Al-Haqabani inaugurated the service in the...

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Business & Money | Thursday 17 March, 2016 3:19 am

North Africa Commits to Homeland Security, with Defense Spending Growing to USD 31 Billion by 2020

North Africa’s strong defense spending will reach USD 31 billion by 2020, emphasizing the commitment to regional security and national resilience, industry experts announced today at ISNR 2016.   Demonstrating the strong business opportunities, defense spending by the five North...

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Business & Money | Thursday 17 March, 2016 2:07 am

Ihab A. Khalil to Spearhead BCG Middle East’s Financial Services/Principal Investors & Private Equity Practice

Ihab A. Khalil has just assumed the role of Partner & Managing Director of BCG Middle East’s Financial Services/Principal Investors & Private Equity (PIPE) practice – one of the firm’s key priority areas in the region. Based in Dubai, Khalil’s new position will see...

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Business & Money | Wednesday 16 March, 2016 12:16 pm

Drones Lead Middle East’s High Tech Homeland Security at ISNR

Drones are leading the Middle East’s high-tech homeland security, with the most advanced solutions being demonstrated at ISNR 2016 in Abu Dhabi this week.   The 530 exhibiting companies, including global leaders such as BAE Systems, Dyncorp, L-3 Communications, NEC Global, and...

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Business & Money | Wednesday 16 March, 2016 7:10 am

Saudi US Business Opportunities Forum March 22-23, 2016

In a complex global environment, it is often difficult to find reliable business partners, staunch geopolitical allies, and longstanding friends.  The relationship between the United States of America and the Kingdom of Saudi Arabia continues to be strong.  The United States is Saudi...

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Business & Money | Wednesday 16 March, 2016 6:11 am

SR3.6bn financing for Jeddah Economic City Project

Alinma Jeddah Economic City Fund has secured Shariah compliant financing of up to SR3.6 billion from Alinma Bank recently. Formulating the financial model of the project with Alinma Bank was finalized based on a financing strategy that fulfills the project’s needs in accordance with the...

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Business & Money | Wednesday 16 March, 2016 5:08 am

Al-Haqbani admits failure in Saudization in some sectors

Minister of Labor Mofrej Al-Haqbani admitted on Tuesday that the ministry has failed to implement Saudization in some sectors. He attributed this mainly to the lack of coordination and non-involvement of some agencies. He made the remarks after launching an awareness program for the newly...

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