Business & Money | Monday 4 January, 2016 8:09 am

SEDCO Holding secures 8th Best Workplace in 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...

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Business & Money | Monday 4 January, 2016 7:16 am

First blind councilor registers in Riyadh

Director of the Blind Charitable Society in Riyadh Mohammad Al-Shweiman registered himself as the first visually impaired member of the Riyadh Municipal Council after Minister of Municipal and Rural Affairs Abdulatif Al-Ashiekh appointed him to the position. Al-Shweiman has a BA in Shariah from...

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Business & Money | Sunday 3 January, 2016 1:35 pm

Emaar appoints DUTCO Group as contractor to open The Address Downtown Dubai in record time

In line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to expedite the reopening of The Address Downtown Dubai using the best-in-class design, quality and technology, Emaar Properties has appointed DUTCO Group as the...

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Business & Money | Sunday 3 January, 2016 1:20 pm

CBRE GROUP WELCOMES MAGIC PLANET TO ENMA MALL BAHRAIN

CBRE Group, Inc. today announced the opening of the 22nd Magic Planet , in the MENA region at Enma Mall in Bahrain. The leading children’s entertainment and play centre is the second outlet in Bahrain; the first Magic Planet in Bahrain was opened in August 2008 in Manama.   Magic...

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Business & Money | Sunday 3 January, 2016 11:04 am

DAMAC Properties’ Most Awaited Promotion Back For Dubai Shopping Festival 2016

Luxury real estate developer DAMAC Properties’ renowned shopping festival promotion has been announced for the Dubai Shopping Festival 2016.    The most awaited yearly DSF promotion is offering new buyers of selected villas or apartments in Dubai the opportunity to live a full ...

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Business & Money | Sunday 3 January, 2016 10:59 am

Oil prices could hit record lows in 2016: BP chief

Struggling oil producers could suffer even more pain in 2016 with further plunges in already record-low prices, has BP Chief Executive Bob Dudley warned. “A low point could be in the first quarter,” Dudley told BBC radio. Oil prices fell by 34 percent in 2015, battered by prolonged...

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Business & Money | Sunday 3 January, 2016 10:55 am

Maaden begins initial production at Barrick copper JV

Saudi Arabian Mining Co. (Maaden) has began initial production of copper at its joint venture affiliate with Canada’s Barrick Gold Corp, the Gulf’s largest miner said in a bourse statement. Maaden Barrick Copper Co, owned equally by the pair, will have an estimated annual production...

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Business & Money | Saturday 2 January, 2016 10:01 am

KSA vows more talks with OPEC partners

Saudi Arabia is committed to oil market stability and would continue consulting with its partners in the Organization of Petroleum Exporting Countries (OPEC), including Algeria, on production levels, said Foreign Minister Adel Al-Jubeir. Al-Jubeir made the comments at a joint press conference...

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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 ...

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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....

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