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 ...

More Details

Business & Money | Saturday 2 January, 2016 9:35 am

Over 33,000 pupils enter Saudi talent contest

A total of 33,000 young Saudi students have entered the annual government-sponsored science and mathematics contest. Adel Abdulrahman Al-Qaeed, deputy secretary-general of King Abdulaziz and His Companions Foundation for Giftedness and Creativity (Mawhiba), said Wednesday the closing date is Jan....

More Details

Business & Money | Saturday 2 January, 2016 4:25 am

Construction sector has 5,389 female workers

The Human Resources Development Fund (Hadaf) has said that 5,389 women have been employed in the field of building and construction (contracting). Out of 249,197 employment opportunities provided in the sectors, 34 percent were in the commercial sector, 17 percent in the contracting sector, and 16 ...

More Details

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 ...

More Details

Business & Money | Friday 1 January, 2016 5:28 am

Alwaleed Philanthropies-sponsored society receives Stars Impact Award

ALWALEED PHILANTHROPIES, chaired by Prince Alwaleed Bin Talal, sponsors The Right to Live Society (RLS), which has received the 2015 Stars Impact Award. RLS provides healthcare and education services to children in the Gaza Strip diagnosed with Down Syndrome and autism. According to the...

More Details

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 ...

More Details

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...

More Details

Business & Money | Thursday 31 December, 2015 3:17 pm

Fitterling Joins the Sadara Board of Directors

James R. Fitterling, vice chairman and chief operating officer of The Dow Chemical Company, has been appointed to the Board of Directors of Sadara Chemical Company (Sadara), effective January 1, 2016.    Mr. Fitterling succeeds William Weideman, who has served as a member of...

More Details

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...

More Details

Business & Money | Thursday 31 December, 2015 4:25 am

Waseela opens new Qatar office to tap priority market

Integrated ICT system and service solutions provider Waseela has announced the launch of its Qatar office as the concern continues apace with its regional expansion. Through its new branch in Doha’s Gate Building Tower 2, Waseela taps into growing demand for integrated ICT systems in Qatar as ...

More Details