Business & Money | Sunday 25 December, 2016 11:00 am

20% of design work for advanced reactor completed

The second meeting of the joint Saudi-Korean Steering Committee for the System-integrated Modular Advanced Reactor (SMART) concluded in Seoul recently.  From the Saudi side, the meeting was chaired by Deputy President of King Abdullah City for Atomic and Renewable Energy (K.A.CARE) Walid...

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Business & Money | Saturday 24 December, 2016 12:26 pm

Saudi Arabia’s new expat fees: What will it cost?

Saudi Arabia plans to introduce an “expat levy” from 2017, it was confirmed during Thursday’s budget announcement, with charges of up to SR800 per worker to be phased in by 2020. Companies currently pay a levy of SR200 per month per expat employee, but only for expat employees...

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Business & Money | Saturday 24 December, 2016 12:05 pm

Jadwa Investment Report: Saudi Arabia’s 2017 Fiscal Budget

The government’s budget for the 2017 fiscal year (31 December 2016 to 30 December 2017) was endorsed by the Council of Ministers on 22nd December. It points to an expansionary stance (Figure 1) and is also in line with the National Transformation Program’s (NTP) target of reaching a...

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Business & Money | Saturday 24 December, 2016 11:12 am

MiSK Foundation launches talent-mining festival

Deputy Crown Prince Mohammed bin Salman’s MiSK Foundation launched Wednesday the third edition of the “Hakaya MiSK” Festival at Dhahran Exhibition Center in the Eastern Province, an event that will witness many activities through which the foundation seeks to disseminate knowledge ...

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Tourism & Hospitality | Saturday 24 December, 2016 10:16 am

Marriott International boost career opportunities for saudi youth with tahseen hospitality training program

Marriott International, in co-operation with DUR Hospitality, today announced the launch of ‘Tahseen’, a unique hospitality training programme focused on fast tracking next generation Saudi leaders with a view to providing a springboard to launch successful careers in the...

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Tourism & Hospitality | Saturday 24 December, 2016 9:38 am

Landmark Arabia announces lucky winners of Visit & Win campaign

LANDMARK Arabia, the leading retail conglomerate in Saudi Arabia, hosted lucky draws in five locations across the Kingdom as part of the first round of the “Visit & Win” contest. Visitors to all of Landmark Arabia’s stores in the Kingdom participated in the draw, resulting in...

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Tourism & Hospitality | Friday 23 December, 2016 5:39 am

Etihad Airways and Montenegro Airlines Sign Codeshare Agreement

Etihad Airways, the national airline of the United Arab Emirates (UAE), and Montenegro Airlines, the flag carrier of the Republic of Montenegro, have signed a codeshare agreement that provides travellers with enhanced connectivity when flying between Southeast Europe and the Middle...

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Business & Money | Friday 23 December, 2016 5:19 am

No tax for citizens, expats

Minister of Finance Mohammed Al-Jadaan said that there won’t be any tax on Saudi citizens or expatriates or any Saudi companies. Al-Jadaan also announced the launch of the 2020 fiscal balance program and the Citizen’s Account initiative. The minister was addressing a press...

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Business & Money | Friday 23 December, 2016 3:26 am

The Saudi TASNEE is Platinum Sponsor of ArabPlast 2017 in Dubai

Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held from 8th to 10th of January 2017 at the Dubai Exhibition and convention Centre. Co-organised by Al Fajer Information and Services and German exhibition organiser Messe Dusseldorf,...

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Cars & Autos | Friday 23 December, 2016 2:38 am

30 years on: Nissan’s iconic 1987 Paris-Dakar rally car rides again

After exactly 30 years away from the public eye, Nissan has brought one of its most iconic motorsport machines back to life. The stunning 1987 Nissan Patrol Fanta Limon Paris-Dakar rally car has been fully restored to its former glory, and made an emotional return to its spiritual home in the sand...

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