Environment & Energy | Monday 18 January, 2016 10:04 am

Oil market will take time to stabilize, says Al-Naimi

Minister of Petroleum and Mineral Resources Ali Al-Naimi said on Sunday it would take “some time” to restore stability to the global oil market in the midst of a glut, but he remained optimistic about the future. Al-Naimi's comments come at a time when OPEC member Iran is preparing ...

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Business & Money | Monday 18 January, 2016 8:01 am

Kingdom to use ‘LIDAR’ for satellite imagery

The King Abdul Aziz City for Science and Technology (KACST) has filmed more than 10 million square km through its satellites during the year 2015, according to its president, Prince Turki bin Saud bin Mohammed Al-Saud. The prince said this while inaugurating the first International Remote Sensing...

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Government | Monday 18 January, 2016 7:16 am

Kingdom, Mexico sign 9 cooperation pacts

Saudi Arabia and Mexico signed nine agreements, memoranda of understanding and technical cooperation programs in the presence of Custodian of the Two Holy Mosques King Salman and Mexican President Enrique Pena Nieto here on Sunday. A memorandum of understanding for cooperation in the field of...

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Business & Money | Monday 18 January, 2016 7:08 am

Tadawul tumbles 5.4%; sliding crude prices, global equities to blame

The slide in oil prices below $30 and global equities have been impacting the investor sentiment as well as the Saudi stock market (Tadawul), economists have said.  On Sunday, Tadawul saw its lowest close since March 2011, when the stock market index tumbled 5.4 percent in almost...

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Environment & Energy | Sunday 17 January, 2016 2:27 pm

Sadara on track to ‘change the game’ in Saudi Arabia’s downstream industry

Following the successful start-up of the first Solution Polyethylene facility in the Middle East in December, Sadara Chemical Company (Sadara) is well on track to set new paradigms in both Saudi Arabia’s and the region’s downstream industry.  The company, which sponsored and...

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Government | Sunday 17 January, 2016 10:09 am

The Saudi Authority for Accredited Valuers renews pledge of allegiance to the wise leadership

On the occasion of the first anniversary of pledge of allegiance to the Custodian of the Two Holy Mosques King Salman holding the reins of power in our dear country , the Saudi Authority for Accredited Valuers members renews the pledge of allegiance to the Custodian of the Two Holy Mosques, King...

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Tourism & Hospitality | Sunday 17 January, 2016 4:20 am

Jeddah’s airport sees record passenger numbers

King Abdulaziz International Airport in Jeddah handled more passenger in 2015 than any other year since its establishment. Administration at the airport recorded 29,785,874 passengers last year, an increase of 6.6% from 2014.  In a report, airport administration indicated the increase is...

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Tourism & Hospitality | Sunday 17 January, 2016 4:01 am

New York hotel marks 5,000th opening for IHG

InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, has today unveiled the Hotel Indigo® Lower East Side New York as its 5,000th hotel globally. The opening of this landmark property takes IHG’s global system size to 5,000 hotels, in nearly 100...

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Business & Money | Sunday 17 January, 2016 3:17 am

Naif center earns global respect

The Mohammad bin Naif Counseling and Care Center has attracted global interest for its experience in correcting terrorist minds and cleansing them from extremist and deviant ideas, according to an online newspaper. International delegations from 35 countries have visited the center to learn from ...

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Government | Saturday 16 January, 2016 12:37 am

School principals get more powers

The Ministry of Education (MoE) has decided to grant additional powers to principals of around 350,000 schools across the Kingdom to remove bureaucratic hurdles. The number of powers the principals will enjoy will be 60 as against the previous 52, local media reported, quoting sources, on...

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