Business & Money | Friday 12 May, 2017 11:20 am

Budget deficit drops 71% in Q1

SAUDI ARABIA’S budget deficit fell by 71 percent in the first quarter of this year, Finance Minister Mohammed Al-Jadaan said on Thursday, after the Kingdom made sweeping spending cuts. The deficit dropped to SR26 billion ($6.93 billion) in the first three months while compared to the same...

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Business & Money | Friday 12 May, 2017 11:16 am

Completion of Jeddah Tower, world’s tallest building, delayed to 2019

The completion date for the world’s tallest tower has been pushed back to 2019, Prince Alwaleed bin Talal said Thursday, almost six years after launching the record-breaking project. Jeddah Tower is to rise more than a kilometer (almost 3,300 feet), placing it above Dubai’s Burj...

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Business & Money | Friday 12 May, 2017 11:11 am

King Abdulaziz City for Science and Technology unveils strategic drone program Saqr 1

The King Abdulaziz City for Science and Technology (KACST) unveiled in Riyadh on Thursday the strategic drone program Saqr 1. Prince Turki bin Saud bin Mohammed, president of KACST, said the techniques used in this aircraft put it in the list of the world best UAVs. “Saqr 1 is equipped with ...

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Government | Friday 12 May, 2017 11:07 am

Saudi Crown prince inaugurates 17th Scientific Forum for Haj, Umrah and Visit Research

MADINAH: The 17th Scientific Forum for Haj, Umrah and Visit Research was inaugurated Wednesday at Taibah University in Madinah by Crown Prince Mohammed bin Naif, chairman of the Higher Supervisory Committee of the Custodian of the Two Holy Mosques Institute for Haj and Umrah Research. The...

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Beauty & Style | Friday 12 May, 2017 10:29 am

Chopard participates at the Salon Des Grandes Complications in Riyadh

  Chopard along with partner Al Fardan Jewellery exhibits at the Salon Des Grandes Complications taking place for the first time in Riyadh, Saudi Arabia, from May 8 to 11, 2017 at the renowned 5-star Hotel Al Faisaliah.   Fine watchmaking exhibition first time in...

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| Thursday 11 May, 2017 4:17 pm

Witnessing GCC and International participation Saudi Elenex Exhibition Kicks Off in May

With an extensive Gulf and International participation, the Saudi Elenex and Saudi Aircon Exhibitions will kick off during the period between 14 to May 16, 2017 at the Riyadh International Convention and Exhibition Centre, Riyadh Exhibitions Co. Ltd, the organizing company, announced that it is...

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Tourism & Hospitality | Thursday 11 May, 2017 3:12 pm

‘African real estate - the new driver of the global economy,’ says 10th Edition Hotelier Summit

With oil prices fluctuating on a daily basis, businessmen, politicians and just about everyone with an opinion knows that there is a need to diversify from a heavily dependent oil-based economy.   Over the last few years, notably in the Hotel, Retail and Residential sectors, Africa’s ...

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Tourism & Hospitality | Thursday 11 May, 2017 3:09 pm

Mövenpick Hotels & Resorts treats “Employees of the Year” to a Swiss adventure in recognition of their hard work

Mövenpick Hotels & Resorts has treated 37 employees from all over the world to a trip of a lifetime, introducing them to Switzerland, the country where the successful global hospitality brand was born. The five-day guided Swiss adventure, which took place this May and rewarded...

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Business & Money | Thursday 11 May, 2017 2:15 pm

Stunning Renault Megane Sedan Debuts in the Kingdom

The all-new Renault Megane, the latest from the French renowned automaker, was unveiled in the Kingdom of Saudi Arabia in a ceremony held in honor of company senior officials from Renault, Gulf Advantage Automobiles (GAA) and esteemed members of the press. Mr. Marwan Haidamous, Managing Director ...

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Beauty & Style | Thursday 11 May, 2017 2:05 pm

Red Carpet 2017 Collection - Colourful creations

  The Red Carpet Collection unveiled each year at the Cannes Film Festival provides Chopard with a reoccurring opportunity to push beyond the limits of its art while expressing boundless creativity. This year once again, for its 20th edition as official partner, the Geneva-based Maison is...

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