Business & Money | Saturday 11 July, 2015 6:16 am

Nitaqat: MoL analyzing market needs

The Labor Ministry has announced that it is currently studying the needs of the market as part of its review of the delayed Nitaqat 3 proposals that would have raised Saudization requirements for companies in the country. Deputy Labor Minister Ahmad Al-Humaidan was quoted as saying in a local...

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Business & Money | Saturday 11 July, 2015 5:18 am

Property prices drop 30%

There has been a drop in property prices by up to 30 percent in some parts of the country, the Housing Ministry reported recently. From the start of the year until May, deals worth SR278 billion were finalized, down 14 percent from the same period last year, a local publication reported...

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Business & Money | Saturday 11 July, 2015 5:14 am

Kingdom issues SR15bn bonds

The Kingdom’s sale of bonds worth SR15 billion to local banks this year was welcomed by Riyadh-based economists on Friday as a strategic move that could reshape its financial markets. While a few state agencies or state-controlled firms have issued bonds in the past few years, the...

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Business & Money | Friday 10 July, 2015 4:17 am

Bill Gates praises Prince Alwaleed’s generous move

Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC) and chairman of Alwaleed Philanthropies (AP), met Bill Gates, founder of Microsoft and co-chair of the Bill & Melinda Gates Foundation at the George V, Paris. During the meeting, Prince Alwaleed and Gates discussed the latest...

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Business & Money | Thursday 9 July, 2015 2:27 pm

Over 43 banks in MENA region choose Chestertons for property valuations

Chestertons, an international property agency established in 1805, stated that determining property valuations should be more vigorous. Chestertons is currently supporting 43 leading banks across the region for property appraisals. Property valuation is a fair measurement tool that is used to...

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Business & Money | Thursday 9 July, 2015 2:18 pm

TONIC II: IDEAL STANDARD LAUNCHES THE ALLIANCE OF FORM & FUNCTION

Ideal Standard, the leading provider of innovative and design-driven bathroom solutions, has unveiled the latest standout development for its collection. Tonic II is a new total bathroom solution of harmonious and contemporary ceramics, fittings, furniture and bathtubs created by German design...

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Business & Money | Thursday 9 July, 2015 1:01 pm

Al Meera Receives ISO certification for Activities of Commercial Department

  Al Meera Consumer Goods Company (Q.S.C) recently received the ISO 9001:2008 certification, for the activities of the commercial department, from Bureau Veritas Certification Holding SAS – UK Branch. This award includes the managing of contracts, selection re-evaluation of consumer...

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Business & Money | Thursday 9 July, 2015 12:55 pm

Rimini Street Announces Preliminary Fiscal Second Quarter 2015 Financial Results

Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG’s (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Hyperion and Oracle Retail...

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Business & Money | Thursday 9 July, 2015 12:48 pm

COCA-COLA FIGHTS STEREOTYPES THIS RAMADAN

This Ramadan, Coca-Cola hopes to tackle societal prejudice by inspiring the Middle East to remove the labels they put on people. Through this campaign, Coca-Cola encourages the world to see without labels, but instead to open their hearts and see with their hearts. Coca-Cola is removing its own...

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Business & Money | Thursday 9 July, 2015 3:42 am

DAE announces closing of StandardAero sale

 Dubai Aerospace Enterprise (DAE) Ltd. announced today that it had closed the sale of StandardAero to an affiliate of Veritas Capital. The agreement to sell was previously announced on 26 May 2015.   Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company...

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