Business & Money | Sunday 1 May, 2016 2:12 am

50,000 expats retrenched by Saudi Binladin

The Saudi Binladin Group has reportedly retrenched more than 50,000 expat employees over the past few days, with reports citing various reasons, including labor law changes and completion of some major projects. Another reason cited is that the government had placed restrictions on the...

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Business & Money | Saturday 30 April, 2016 4:26 pm

Mashreq Qatar launches Biometric Banking

 Continuing its legacy of innovation in digital banking, Mashreq, one of the leading financial institutions in the GCC, has announced the launch of biometric security for mobile banking in Qatar, allowing its customers to use their fingertips as password. Mashreq is one of the first banks in...

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Business & Money | Saturday 30 April, 2016 7:07 am

Al-Haqbani tells students to choose specializations that meet job market needs

Minister of Labor Dr. Mufrej Al-Haqbani urged male and female students, who were attending the 4th specializations forum in Riyadh, to choose the suitable specialization that gives them the opportunity to obtain a job after graduation. “A suitable specialization is a requirement to meet...

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Business & Money | Saturday 30 April, 2016 5:36 am

Riyadh emir launches projects worth SR120 million in Shaqra

Emir of Riyadh Prince Faisal Bin Bandar launched development projects worth SR120 million during an inspection tour of the Shaqra governorate Thursday. He also met with the local council members and heads of municipal councils. He expressed the government’s concern to develop the governorates ...

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Business & Money | Saturday 30 April, 2016 4:49 am

Visa Opens its First Innovation Center in Asia

Visa Inc. (NYSE:V) today announced the opening of its Singapore innovation center, the first in a network of new regional innovation centers that Visa is launching globally. The new 7,000 square foot Singapore facility will serve as a destination for clients, partners and developers, across the...

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Business & Money | Friday 29 April, 2016 2:42 pm

Siemens signs long-term service agreement for Umm Al Houl power plant in Qatar

Siemens has been awarded a 25-year long-term service agreement for the planned Umm Al Houl combined cycle power plant in Qatar. The customer is Umm Al Houl Power Q.S.C., a company established through a partnership among Qatar Electricity and Water Company (QWEC), Qatar Petroleum (QP), Qatar...

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Business & Money | Friday 29 April, 2016 6:03 am

SAMACO rated "Best Auto Dealership in Saudi Arabia"

SAMACO won the "Best Auto Dealership in Saudi Arabia 2015/2016" award, and attained the highest percentage vote for PR Auto Award 2015/2016. In recognition of this stunning achievement, His Highness Prince Abdullah Bin Saud, Head of Tourism Committee at Jeddah Chamber of Commerce and...

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Business & Money | Friday 29 April, 2016 4:19 am

Riyadh governor sponsors youth creativity project

Riyadh Gov. Prince Faisal bin Bandar said that the current generation of Saudis have shown an inclination toward creativity. He made the statement on Tuesday morning as he patronized the “Innovator 2” program organized by the Riyadh Chamber in cooperation with the General Directorate ...

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Business & Money | Thursday 28 April, 2016 5:16 pm

Honoring Participants of ISNR Abu Dhabi 2016

On Wednesday, Major General Staff Dr. Obeid Al Ketbi, Chairman of the ISNR’s Higher Organizing Committee organized a ceremony at Etihad Towers in Abu Dhabi, to honor entities who took part in ISNR 2016, which was held in Abu Dhabi between 15-17 March.   The honoring ceremony was...

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Business & Money | Thursday 28 April, 2016 4:01 pm

Bupa Arabia CEO inaugurated as the second best CEO in the Kingdom during the Top CEO Award for 2016

During the TOP CEO Award, organized by TRENDS business publication and INSEAD business school, Tal Hisham Nazer, CEO of Bupa Arabia, the largest health insurance provider in Saudi Arabia, was inaugurated amongst the top 100 CEOs in the Gulf region. Amongst 800 participants, Tal was ranked the top...

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