Business & Money | Sunday 5 April, 2015 7:52 am

‘Unemployment, inflation rise due to faulty policies’

False Saudization rates boost unemployment and negatively influence Saudi citizens, warned economists in the Kingdom.Dr. Abdul Hamid Al-Omari, a member of the Saudi Economic Association, criticized decisions of the Ministry of Labor, which he claimed were difficult to understand and didn’t...

More Details

Business & Money | Sunday 5 April, 2015 7:51 am

27 Saudi families stranded abroad ‘brought home’

The Saudi Welfare Society for the Sponsorship of Saudi Families Abroad (Awasser) said it has managed to bring home 27 Saudi families (comprising 67 members) which were stranded abroad.They were brought back to the Kingdom last year after the formal procedures that included correcting their status...

More Details

Business & Money | Sunday 5 April, 2015 7:00 am

Bank lending to Saudi private sector records healthy growth

Bank lending to the Saudi private sector recorded a healthy growth in February, according to economic researchers.Economic data was strong for February, reflecting the impact of the royal decrees issued in January, stated the Saudi Chartbook of April 2015, released by Jadwa Investment.Cash...

More Details

Business & Money | Saturday 4 April, 2015 1:48 pm

CBC Abu Dhabi celebrates 10 years of success

The Canadian Business Council Abu Dhabi will be hosting its Annual Gala, the Maple Leaf Ball, on Thursday April 16, 2015 marking its 10th Anniversary. The notable black tie event sponsored by Qasimi Law Partners, AECOM, Apparel Group, Etihad Airways and supported by Park Rotana Hotel and Iris...

More Details

Business & Money | Saturday 4 April, 2015 10:56 am

Messe Frankfurt Middle East consolidates position with new name

With a new name and a renewed focus on the burgeoning Middle East market, Messe Frankfurt Middle East (formerly Epoc Messe Frankfurt) is set to further consolidate its position as one of the region's foremost trade fair and conference organisers.Having recorded an impressive 22 per cent...

More Details

Business & Money | Saturday 4 April, 2015 10:46 am

Food supply remains unaffected

Operation Decisive Storm is not raising the prices or delaying the import of food into the Kingdom, traders said here recently.They reportedly said that imports are flowing normally through the Strait of Bab El-Mandeb, which connects the Red Sea with the Gulf of Aden.They dismissed predictions that ...

More Details

Business & Money | Saturday 4 April, 2015 10:36 am

Technical skills winners to represent KSA in Sao Paulo

Winners of the National Technical Skills Competition organized by the Technical and Vocational Training Corporation (TVTC) will represent Saudi Arabia in a global skills competition in the Brazilian city of Sao Paulo this year.They were awarded certificates by Riyadh Gov. Prince Faisal bin Bandar...

More Details

Business & Money | Saturday 4 April, 2015 10:33 am

73% of work at Grand Mosque completed

Construction work at the Grand Mosque in Makkah is in full swing and the projects are expected to be completed before the Holy month of Ramadan.The projects administration director, Sultan bin Aati Al-Qurashi, said 73 percent of the work has been completed.The mega projects, ordered by the late...

More Details

Business & Money | Saturday 4 April, 2015 9:56 am

Casio G-Shock Celebrates Youth Talents with “Shock the World”

The Japanese Casio Computer Co.,LTD. in collaboration with Mahmood Saleh Abbar Co., the approved agent for Casio products in the Kingdom, representer for G-Shock watches, has organized a universal festival at the Equestrian Club in Jeddah to support and sponsor outstanding local talents in the...

More Details

Business & Money | Friday 3 April, 2015 3:16 pm

Aon Announces First Quarter 2015 Earnings Release and Conference Call

LONDON – Aon plc (NYSE: AON) plans to announce first quarter 2015 results on Friday, May 1, 2015 in a news release to be issued before the market opens. Greg Case, president and CEO, will host a conference call at 7:30 am Central Time on Friday, May 1, 2015. The conference call will be...

More Details