Business & Money | Sunday 30 October, 2016 4:28 am

Labor minister wants private sector to hire more Saudis

Labor and Social Development Minister Mufrej Al-Haqabani has called for the consolidated support of the private sector's participation in the Saudization program, in line with the Saudi Vision 2030 and the National Transformation Program (NTP) 2020. The minister made these comments while...

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Business & Money | Sunday 30 October, 2016 2:27 am

Better technology sought to improve maritime transport

International experts discussed the development of Kingdom’s maritime sector at the 12th International Conference and Exhibition on Transport and Logistics in Jeddah recently.  The conference was launched by Nabeel Mohammed Al-Amudi, president of the Saudi Ports Authority, in the...

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Business & Money | Saturday 29 October, 2016 6:30 am

ITFC discusses key development projects

THE International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group, hosted the 5th Board Meeting of the Aid for Trade Initiative for the Arab States (AfTIAS) on Oct. 26 at its headquarters in Jeddah. The meeting was inaugurated by Dr. Bandar Hajjar, president...

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Tourism & Hospitality | Saturday 29 October, 2016 5:29 am

Nesma Airlines starts operations

HAIL Regional Airport will witness effective Thursday (Oct. 27) the first flight operated by Nesma Airlines, after the company gained national commercial air operation license from the General Authority of Civil Aviation (GACA). The Director General of Northern Airports at GACA, Hamad Alkhemaish ...

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Business & Money | Saturday 29 October, 2016 4:26 am

Aramco confirms Embraer graft case

 A former employee of Saudi Aramco received a bribe in return for the purchase of airplanes from Embraer SA of Brazil, according to a company statement. “With significant and extensive assistance from the Ministry of Interior, Saudi Aramco’s internal investigations established...

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Business & Money | Friday 28 October, 2016 5:49 am

Nine Saudi ports highlight their achievements at industry forum

 The 12th Trans Middle East 2016 Exhibition and Conference, the biggest annual Container Ports and Terminal Operations in the Middle East, was inaugurated in Jeddah on Wednesday for the first time under the patronage of Minister of Transport Salman Al-Hamdan. The event which took place at...

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Business & Money | Friday 28 October, 2016 5:10 am

Gulf ministers to finalize VAT deal

Gulf finance ministers were expected to finalize a deal Thursday on value added tax and have also approved excise levies, Saudi Arabia’s minister said after regional talks with the International Monetary Fund. The taxes are a response by crude-exporting Gulf nations to a plunge in oil...

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Culture & Education | Friday 28 October, 2016 4:46 am

Prince Khaled distributes prizes to winners of Qur’an competition

Prince Khaled Al-Faisal, emir of Makkah and adviser to the Custodian of the Two Holy Mosques, distributed prizes to winners of the 38th King Abdulaziz International Contest for Memorization, Recitation and Interpretation of the Holy Qur’an in Makkah Wednesday night. Saleh Al-Asheikh,...

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Business & Money | Thursday 27 October, 2016 5:03 am

Saudi financial position strong: Minister

Saudi Arabia’s financial position remains strong despite sinking oil prices, although there is “some pressure” on bank liquidity, the finance minister has said. “We have been able to maintain a good position in public finances,” Ibrahim Al-Assaf told a...

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Government | Thursday 27 October, 2016 3:01 am

King receives IMF Managing Director

Custodian of the Two Holy Mosques King Salman received at Yamamah Palace in Riyadh on Wednesday Managing Director of International Monetary Fund (IMF) Christine Lagarde. They reviewed cooperation between the Kingdom and the International Monetary Fund, as well as economic developments at the...

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