Business & Money | Sunday 10 January, 2016 3:30 am

Female employment figures are real, says MoL

The Ministry of Labor issued a statement recently denying reports that said Saudi women were holding 298,000 fake jobs, mostly in contracting and retail fields. The ministry said that the report had inaccurate data and information and that Saudi women's participation in the work was real in all ...

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Business & Money | Sunday 10 January, 2016 2:30 am

Emerging opportunities in India highlighted

The Consulate General of India, in association with the Saudi-Indian Business Network (SIBN), organized an event to commemorate the 14th Pravasi Bharatiya Divas (PBD) at the consulate premises on Saturday. The theme of the event was “India: Emerging economy with emerging...

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Business & Money | Saturday 9 January, 2016 2:03 pm

Best Remittance-ME award conferred on Bank Aljazira

In addition to its series of awards received for the year 2015, Bank Aljazira recently won the award for “Best Remittance – ME (Fawri). This award was given to BAJ by the Banker Magazine – Middle East during the sixth anniversary of the Islamic Business and Finance Awards which...

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Business & Money | Saturday 9 January, 2016 1:53 pm

Sunbulah Group set to build cutting-edge factory at KAEC

SUNBULAH Group, a leading manufacturer of food products, has become the latest company to invest in the Industrial Valley at King Abdullah Economic City (KAEC). The company is purchasing a parcel of land on which it intends to build a comprehensive manufacturing and logistics complex. Sunbulah...

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Business & Money | Saturday 9 January, 2016 4:59 am

Guarding Arabian heritage for 40 years

Bin Yahya Museum for Heritage in the Al-Nammas governorate is one of the most distinguished museums in the north of Asir in terms of variety and the maintenance of national heritage and identity. Local media met with owner Ali bin Yahya Al-Shahri who revealed that he has been practicing this...

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Business & Money | Saturday 9 January, 2016 3:57 am

Taqat brings 47,737 Saudis into labor market

The extensive efforts exerted by the Human Resource Development Funds (HADAF) in cooperation and partnership with the private sector has resulted in the direction of a total of 47,737 young male and female Saudis into certain fields and specialties required by the national labor market. The...

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Business & Money | Saturday 9 January, 2016 3:40 am

Saudi Aramco confirms share listing deliberations

Saudi Aramco has confirmed it is considering a stock market flotation in what would probably create the most valuable listed company in the world. The company says it has been studying various options to allow broad public participation in its equity through the listing in the capital markets of ...

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Business & Money | Friday 8 January, 2016 2:59 pm

Aramco stops bus service

Saudi Aramco has decided to stop transporting its staff to work from Qatif after one of its busses was attacked by four armed men and set alight on Tuesday in Qatif. A letter was sent to the staff by the company stating the following: "This is to inform you the company will stop providing the ...

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Business & Money | Friday 8 January, 2016 2:08 pm

833 Saudi engineers working on Riyadh Metro

A total of 833 Saudi engineers have joined the $22 billion Riyadh Metro project since construction started more than a year ago. They are in charge of various engineering, technical and administrative work on Riyadh Metro and its components across the Saudi capital. Riyadh metro, which is also...

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Business & Money | Friday 8 January, 2016 2:05 pm

Riyadh governor opens new AOU campus

Riyadh Gov. Prince Faisal bin Bandar inaugurated here Wednesday night the Kingdom’s new campus of Arab Open University, a project of the Arab Gulf Program for United Nations Development Organizations (AGFUND).  He inaugurated the campus on behalf of Prince Talal bin Abdulaziz,...

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