Government | Thursday 28 April, 2016 5:34 am

GCC joint security muscled up

GCC interior ministers reviewed the contents of the vision of Custodian of the Two Holy Mosques King Salman that aims to promote GCC joint action in the field of security. The ministers were in the capital to attend their 17th consultative meeting, chaired by Crown Prince Mohammed bin Naif, deputy ...

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Environment & Energy | Thursday 28 April, 2016 4:36 am

Aramco sets financing plan for industrial push

Saudi Aramco, the biggest energy company, outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The reforms envisage Aramco transforming itself from an oil and gas firm into a “global...

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Business & Money | Thursday 28 April, 2016 3:38 am

Umrah revenues to hit SR200b by 2020

The revenues to be generated by the Umrah season are expected to soar over SR200 billion by the year 2020, according to Saad Bin Jameel Al-Qurashi, former member of the National Haj and Umrah Committee of the Makkah Chamber of Commerce and Industry. He said about five million people will be...

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Business & Money | Wednesday 27 April, 2016 5:23 am

King Abdullah Financial District to be overhauled

The Kingdom is revising plans for the King Abdullah Financial District in Riyadh, after the project was plagued by delays and a lack of enthusiasm among potential tenants and investors. The project to build the King Abdullah Financial District began in 2006; skyscrapers were to house banks and...

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Government | Wednesday 27 April, 2016 5:22 am

King stresses investment in Saudi youths

Custodian of the Two Holy Mosques King Salman has promised that the government would continue to invest in the training and education of citizens, which he said would help boost the economy. The king made the comments during a meeting at Al-Yamamah Palace Tuesday with Mufrej Al-Haqabani, labor...

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Government | Wednesday 27 April, 2016 4:24 am

Shoura Council to study Green Card plan

The Shoura Council is expected to have in-depth discussions on the planned Green Card for expatriates soon after other government bodies study it, according to several members of the consultative body. This comes in the wake of Deputy Crown Prince Mohammed bin Salman announcing Monday that the new ...

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Tourism & Hospitality | Tuesday 26 April, 2016 5:02 pm

Choice Hotels International Signs Master Development Agreement To Enter The Middle East

Choice Hotels International, Inc., one of the largest hotel companies in the world, announced today the signing of a master development agreement with Equinox Ventures Ltd, a joint venture between Equinox Group Ltd. and Al Tayyar Travel Group, to introduce and develop three of Choice’s most...

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Tourism & Hospitality | Tuesday 26 April, 2016 11:30 am

Al- Oula Real Estate Development Company launches a residential tower and a 5 star hotel project

The “Al- Oula Real Estate Development Company, one of the largest real estate developers in the Kingdom," has enhanced its prestigious project portfolio of luxurious hotels and residential and hotel apartments in the “Khobar City" with the launch of the "Wajihat Wajdn...

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Technology & IT | Tuesday 26 April, 2016 5:18 am

Toastmasters honors Mobily

MOBILY has participated as diamond sponsor for Saudi Arabia Toastmasters Annual Contests, (SATAC2016) Forum which was held recently in Dammam. On the sidelines of the forum, Mobily was honored by Toastmasters International Organization for establishing Mobily – Toastmasters club in Eastern ...

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Business & Money | Tuesday 26 April, 2016 5:17 am

Gulf railway to create 80,000 jobs

The GCC Railway, which link the six member countries of the Gulf Cooperation Council by 2018, is expected to create more than 80,000 direct and indirect jobs, said Abdurrahim Naqi, secretary-general of GCC Chamber of Commerce and Industry. “This is a strategic and vital project for the...

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