Business & Money | Saturday 2 January, 2016 10:01 am

KSA vows more talks with OPEC partners

Saudi Arabia is committed to oil market stability and would continue consulting with its partners in the Organization of Petroleum Exporting Countries (OPEC), including Algeria, on production levels, said Foreign Minister Adel Al-Jubeir. Al-Jubeir made the comments at a joint press conference...

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Business & Money | Saturday 2 January, 2016 9:38 am

Gold loses luster in worst slump since 1984

Gold’s image as a haven asset has taken a battering with the metal capping its longest slump in more than 30 years as investors sold from bullion-backed funds. Bullion futures fell for a sixth-straight quarter, the longest slump since 1984, and lost 10 percent this year.  Prices, which ...

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Business & Money | Saturday 2 January, 2016 3:24 am

Youth involvement in development stressed

Makkah Gov. Prince Khaled Al-Faisal laid the foundation stone of the Bahrah development center at Al-Bayda village on Wednesday. Bahrah, a town located between Makkah and Jeddah, is part of the Makkah region’s sustainable development project. Prince Khaled expressed his happiness over the ...

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Business & Money | Friday 1 January, 2016 3:31 am

GE, Aramco plan to set up National Power Academy

General Electric (GE) successfully ended 2015 with the signing of a memorandum of understanding (MoU) with Saudi Aramco to establish the National Power Academy (NPA). Speaking to Saudi Gazette, Hisham Al-Bahkali, president and chief executive officer of GE Saudi Arabia & Bahrain, spoke about ...

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Business & Money | Friday 1 January, 2016 3:25 am

Bangladesh to send more maids upon KSA request

On a request made by the Saudi government, Bangladesh will increase the number of housemaids coming to the Kingdom from Dhaka. The announcement of the new development was made on Thursday following the bilateral talks held here between Minister of Labor Mufarrej bin Saad Al-Haqbani and visiting...

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Business & Money | Thursday 31 December, 2015 1:13 pm

SEDCO Holding Group Wins the 8th Best Workplace in the Kingdom

SEDCO Holding Group has achieved another milestone by occupying the 8th Best place to work by ‘Great Place to Work’ in Saudi Arabia in 2015, having ranked 11th best place in the past year 2014. SEDCO Holding Group has achieved this ranking based on data derived from a comprehensive...

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Business & Money | Thursday 31 December, 2015 3:52 am

Shapoorji Pallonji Co. appointed to build Marriott Hotel in Riyadh Diplomatic Quarter worth 259 million Riyals

Dur Hospitality Company appointed Shapoorji Pallonji engineering and construction to build Diplomatic Quarter Riyadh Marriott Hotel and Executive apartments. This Project, considered as an important and promising investment opportunity for “Dur” in terms of geographical location and...

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Environment & Energy | Thursday 31 December, 2015 3:04 am

Saudi Arabia Won’t Change Oil Production Policy

Saudi Arabian Oil Minister Ali Al-Naimi said the kingdom, the world’s top crude exporter, does not limit its output and has the capacity to meet additional demand, the Wall Street Journal reported on Wednesday. “We will satisfy the demand of our customers. We no longer limit...

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Technology & IT | Wednesday 30 December, 2015 3:02 pm

Mobily Holds Competency Development Trainings for (Mobily Business) employees Across the Kingdom

Etihad Etisalat Mobily held the third training session of Mobily ‘Big Gathering’ as part of the overall Mobily program for training and development titled G.O.A.L. The training, directed towards the customer service staff is meant to enhance leadership competencies of the staff....

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Business & Money | Wednesday 30 December, 2015 12:46 pm

RAFAL Residence the modern vertical residential destination in the Kingdom

RAFAL real estate development company, the premier residential community innovator, has announced the initiation of the selling process of its new community "RAFAL Residence", after concluding construction works and finalizing 80% of the finishing works. This announcement came after...

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