Business & Money | Wednesday 10 June, 2015 12:57 pm

Dr. Abdulrahman Al Tuwaijri Appointed Chairman of the board for MEFIC Capital

Middle East Financial Investment Company (MEFIC Capital has appointed Dr. Abdulrahman Al Tuwaijri as its Chairman after being elected by the Board of Directors. This was announced by the Board of Directors, which held its first meeting at the company's headquarters in Riyadh on Sunday, June 7th...

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Business & Money | Wednesday 10 June, 2015 12:23 pm

Saudi Total launches safe driving and traffic safety campaign

Saudi Total launched "Road Safety" campaign aiming at raising awareness of safe driving and road safety for all members of society, especially the new generation of children.Noting that Saudi Total campaign for road safety awareness in schools in Saudi Arabia, is an ambitious program underlines...

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Business & Money | Wednesday 10 June, 2015 1:59 am

SR4.4 trillion spending drives growth

Saudi Arabia’s total spending on development projects during the past five years reached SR4.4 trillion, with 30 percent of the amount going to capital projects, said Fahd Al-Mubarak, governor of Saudi Arabian Monetary Agency.The SAMA chief made this comment after presenting the central bank’s...

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Business & Money | Wednesday 10 June, 2015 1:02 am

No Nazaha access to govt officials’ bank accounts

The Shoura Council has dropped a proposal that would have granted the National Anti-Corruption Commission (Nazaha) powers to access the bank accounts of government officials.Nasir bin Dawood, one of the members who presented the proposal, said the anti-graft body does not have enough powers to...

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Business & Money | Tuesday 9 June, 2015 2:39 pm

Fortinet Middle East & Africa Appoints Regional Marketing Manager

Fortinet® (NASDAQ: FTNT) - the global leader in high-performance cyber security solutions – today announced the appointment of Manal Abi Rafeh as its Regional Marketing Manager for the Middle East and Africa. Manal is based out of Fortinet's regional office in Dubai Media City and will report to ...

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Business & Money | Tuesday 9 June, 2015 2:33 pm

Panasonic launches the new 4-in-1 Hand Blender

Simplifying meal preparations, Panasonic Marketing Middle East and Africa (PMMAF) has introduced an all-rounder 4-in-1 Hand blender, MX-SS40 capable of multi-functions like chopping, shredding, slicing and whisking. With the latest high blending performance, cooking a variety of delicacies is now...

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Business & Money | Tuesday 9 June, 2015 12:41 pm

DAMAC Properties Awards AED 2.8 Billion in Contracts in first 5 months of 2015

Leading luxury real estate developer DAMAC Properties has already awarded more than AED 2.8 billion in construction contracts in the first five months of 2015.Awards include the main works packages on more than 1,500 villas within its luxury lifestyle community, AKOYA Oxygen, three new apartment...

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Business & Money | Tuesday 9 June, 2015 12:44 am

Minister says job-oriented govt moves paid off

Minister of Labor Mufrej Al-Haqabani said the private sector has employed more than 900,000 citizens over the past three years through a number of social and employment-focused initiatives launched by the ministry in collaboration with other institutions.He said such initiatives have contributed to ...

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Business & Money | Tuesday 9 June, 2015 12:30 am

Saudi Delegation Reviews MoI’s Efforts in Combating Human Trafficking

A delegation from the sisterly Kingdom of Saudi Arabia, headed by Munif bin Hajes Al Harbi, Director of Wage Protection Department at the Saudi Ministry of Labor, currently on a visit the UAE, was briefed on the Ministry of Interior’s experience and best practices in the area of anti-human...

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Business & Money | Monday 8 June, 2015 2:34 pm

United Arab Emirates Ministry of Economy organizes a Business Seminar in Riyadh

The Ministry of Economy in United Arab Emirates organized a business seminar on 25 May 2015, attended by Jebel Ali Free Zone (Jafza), and number of other government entities.The business seminar presented the need to know for Saudi Companies for doing business in the United Arab Emirates, being the ...

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