Business & Money | Sunday 23 August, 2015 4:38 pm

AXA Gulf Collaborates with AbbVie and Bayti to Launch Unique ‘Patient Support Program’ in the UAE

AXA customers who suffer from Immune Mediated Inflammatory Disease (IMID) such as Rheumatoid Arthritis to be provided comprehensive support including free consultation, education and home delivery of medicines.    In a yet another industry first towards providing innovative...

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Business & Money | Sunday 23 August, 2015 1:57 pm

Centaur Group Finance Launches the 'Centaur Natural Resources Bond 3'

Centaur Group Finance Ltd ("CGF") is a wholly owned subsidiary of Centaur Holdings Ltd ("Centaur"), a global investment holding company with interests and investments ranging from asset management, wealth management, private equity, venture capital, mining and...

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Business & Money | Sunday 23 August, 2015 12:53 pm

Business confidence falls in Middle East

Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to the to the Global Economic Conditions Survey (GECS) organised by ACCA (the Association of Chartered Certified Accountants and IMA...

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Business & Money | Sunday 23 August, 2015 2:15 am

Sponsorship transfer rule tightened

The Labor Ministry has barred private sector companies from transferring expat employees at a short notice. This sponsorship transfer is known in local jargon as naql kafala. A private sector company can apply for a request to transfer sponsorship or naql kafala only once within a period of...

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Business & Money | Sunday 23 August, 2015 1:28 am

Saudis sign up to vote in Dec. 12 elections

Citizens all over the Kingdom except the two holy cities of Makkah and Madinah on Saturday started registering to vote in the nationwide municipal council elections in December. A source from the Ministry of Municipal and Rural Affairs said the registration process would continue for 21 days....

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Business & Money | Saturday 22 August, 2015 1:38 am

MOL sets rules for expat transfer of sponsorship

The Ministry of Labor has restricted local firms from submitting applications for the transfer of an expatriate worker’s services more than once, if the transfer process of a previous application has been completed even if the application for the transfer of the worker has come from another...

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Business & Money | Friday 21 August, 2015 3:26 am

Nuclear energy talks with South Korea under way

Officials from King Abdullah City for Atomic and Renewable Energy (K.A.CARE) and the South Korean embassy held talks here this week on nuclear energy projects. Waleed Husain Abu Alfaraj, K.A.CARE vice president, met with South Korean Ambassador Kim Jin-soo at the K.A.CARE headquarters....

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Business & Money | Friday 21 August, 2015 3:20 am

Civic poll campaigns aren't cheap

Candidates standing in the upcoming municipal council elections would have to spend considerable amounts on campaigning to get elected, with a spot as chairperson likely to cost between SR10,000 and SR2 million, according to a report in a local publication on Thursday. The reason candidates are...

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Business & Money | Friday 21 August, 2015 1:13 am

Prince Khaled reviews progress of Jeddah mass transit project

Makkah Gov. Prince Khaled Al-Faisal reviewed the Jeddah transportation projects, their development and future plans on Thursday. The meeting was attended by Prince Mishaal bin Majed, governor of Jeddah, Hani Abu Ras, mayor of Jeddah, Saad bin Mohammed, adviser to Prince Khaled, Osama Abdouh, CEO ...

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Business & Money | Thursday 20 August, 2015 2:43 pm

“Bahra cables company” Factory Back in Business after Fire

Bahra advanced cable manufacture co. Ltd announced that work is starting to come back after the confined fire incident in one of its production floors took place on Monday, 17th of august 2015 that caused the death of four employees.   In its official statement, Bahra Cables Company...

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