Business & Money | Thursday 5 February, 2015 2:21 pm

MEFIC Capital Distribute Al-Qannas Fund Dividends

The Board of Director of Al-Qannas Fund, managed by Middle East Financial Investment Company “MEFIC Capital”, a leading Investment House, licensed and regulated by the Capital Market Authority of Saudi Arabia, has approved the distribution of the fund’s annual net yield of 8%.Al-Qannas Fund...

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Business & Money | Thursday 5 February, 2015 9:38 am

Innovation agenda a key focus for GCC governments, says GPCA

Regional governments have put innovation front and center on their national agenda, as evidenced by the growing R&D budgets in the Arabian Gulf, said the Gulf Petrochemicals and Chemicals Association (GPCA). With Saudi Arabia and Qatar making up the top 40 investors in research and development...

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Tourism & Hospitality | Thursday 5 February, 2015 8:18 am

New tourism company to boost Uqair development

Prince Sultan bin Salman, chairman of the Saudi Commission for Tourism and Antiquities (SCTA), said that Uqair Development Company is ready for launching. It awaits the signing of the relevant contract.“The shareholders deposited 25 percent of the SR500 million incorporation cost, and the SCTA...

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Government | Thursday 5 February, 2015 8:10 am

2,500 prisoners set free

More than 2,500 prisoners have been released from jails across the Kingdom following an amnesty declared by Custodian of the Two Holy Mosques King Salman on Thursday.Disclosing this figure, Maj. Abdullah Al-Harbi, spokesman for the Department of Prisons, said the committees appointed for the...

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Government | Thursday 5 February, 2015 8:07 am

Makkans elated as Prince Khaled takes charge

Prince Khaled Al-Faisal arrived in Jeddah on Wednesday from Riyadh to take charge as the new governor of Makkah region. He was greeted on arrival at King Abdulaziz International Airport by a large number of princes and government officials.People in the region have expressed their happiness over...

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Business & Money | Wednesday 4 February, 2015 6:34 pm

IDF Oman – Oman’s Premier International Interior Design, Décor & Furniture Exhibition

Interior Design, Décor & Furniture Exhibition which is organized by Al Nimr Expo, under the patronage of the Ministry of Housing, Sultanate of Oman will be held from 17 – 19 February, 2015 at the Oman International Exhibition Centre in Seeb.The Exhibition will be inaugurated by H.E. Sheikha...

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Culture & Education | Wednesday 4 February, 2015 6:19 pm

Instagram introduces endlessly looping videos

When Vine introduced loop counts, it instantly replaced likes and shares to become the default metric to gauge the popularity of a video. Facebook has dabbled with a similar technique for auto-play videos in users' mobile Newsfeeds, but only now has it appeared on its other popular social network,...

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Environment & Energy | Wednesday 4 February, 2015 2:31 pm

Black & Veatch appointed consultant for major Jeddah desalination project

Black & Veatch has been chosen by the Saline Water Conversion Corporation (SWCC) as engineering and design consultant for the Jeddah 4 project. This major desalination scheme will augment dramatically water supply in Saudi Arabia’s second largest city. Jeddah 4 will enhance water resources for...

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Technology & IT | Wednesday 4 February, 2015 2:05 pm

SAUDIA (SV) and SAP Sign MoU to Support Kingdom’s Workforce of the Future

SAUDIA, the Kingdom’s national carrier and global enterprise software leader SAP, today signed a Memorandum of Understanding to boost the Kingdom’s economy and employment opportunities.In the Kingdom, small- and medium-sized enterprises (SMEs) account for 90 percent of all businesses and 60...

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Culture & Education | Wednesday 4 February, 2015 8:55 am

Expo showcases over 600 innovative projects by Saudis

Hamad Al-Sheikh, deputy minister of education, inaugurated the Saudi Science and Innovation Festival (SSIF) exhibition here, which put on display 605 innovative projects by young Saudi inventors. Among other highlights of the event was participation of NASA, the US agency for space research, which...

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