Business & Money | Sunday 30 December, 2018 1:29 am

Value of 5 halala coin transactions soars over SR2.12m in November

The value of transactions of 5 halala coins has increased markedly to over SR2.12 million by the end of November, 2018. This figure registered an increase of 1,796 percent compared to SR111,761 at the end of Nov. 2017, according to a recent report of the Saudi Arabian Monetary Agency (SAMA). The ...

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Business & Money | Sunday 30 December, 2018 1:26 am

Saudization of groceries 'to save SR6bn in remittances'

A number of economists expect the Saudization of jobs in groceries to remarkably reduce annual remittances by expatriate workers. They said the remittances would drop by SR6 billion if the decision was implemented. They also believe that the nationalization of work in the groceries would create...

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Business & Money | Saturday 29 December, 2018 1:31 am

Euro currency remains a work in progress on 20th birthday

The euro is about to celebrate its 20th birthday, but the countries that use it are still wrestling over how the shared currency should work and how to fix flaws exposed by the debt crisis that marred its second decade. The euro was launched on Jan. 1, 1999, when 10 countries fixed their exchange...

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Business & Money | Saturday 29 December, 2018 1:21 am

"we are going through a transformation": New Saudi Foreign Minister

Saudi Arabia's new foreign minister struck a note of defiance Friday in the face of international outrage over critic Jamal Khashoggi's murder, rejecting the kingdom was in crisis and his predecessor had been demoted. Ibrahim al-Assaf, a former veteran finance minister, replaced Adel...

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Business & Money | Friday 28 December, 2018 3:24 am

Saudi naval forces prepare for Red Wave 1

The joint military drill, Red Wave 1, is to launch early next week with the participation of the countries bordering the Red Sea, including Jordan, Egypt, Sudan, Djibouti and Yemen, in addition to observers from Somalia in the Western Fleet. “This exercise, which will be implemented by the...

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Business & Money | Friday 28 December, 2018 1:05 am

Imdaad Celebrates Success of Strategic Partnerships

Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets, recently hosted its annual Strategic Partner Appreciation event at Palazzo Versace hotel in Dubai. Based on their efficiency and...

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Business & Money | Thursday 27 December, 2018 9:20 am

ICONS Coffee Couture appoints Hassan Jawad as CEO to strengthen operations and continue global expansion

ICONS Coffee Couture, an international lifestyle coffee chain announced that it has appointed Hassan Jawad as its new CEO, to lead the company through its next phase of innovation and spur exponential growth. Jawad brings with him over 9 years’ experience in the Food and Beverage industry and ...

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Business & Money | Thursday 27 December, 2018 9:15 am

Milestone Interiors & Landscaping celebrate their Milestone Anniversary

Milestone, an interior design and landscaping solutions company celebrated its milestone 15th anniversary, this December. The business has grown from the futuristic vision of Sejal Nagjee to the to an establishment of 75 dedicated professionals who are the forefront of the creativity and design of...

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Business & Money | Thursday 27 December, 2018 5:41 am

Bank AlJazira wins 2 industry awards

BANK Aljazira gains new awards during the 4th Islamic Retail Banking Awards Ceremony held in Dubai. The two prestigious awards received were: Critics Choice for Best Islamic Digital Banking and Critics Choice for Best Islamic Retail Banking Innovation Awards – 2018. These two awards were...

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Business & Money | Thursday 27 December, 2018 3:38 am

The first female inspector in the field

Hanan Hamid Saleem, the first woman field inspector employed by the Ministry of Labor and Social Development, receives the keys to the new car she was given to help her do her job in inspecting violations in the labor market. Sattam Al-Harbi, undersecretary for inspections and development at the...

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