Business & Money | Sunday 31 May, 2015 12:59 pm

The Saudi Economy is Stable and Dur targets Emerging Cities Dur Hospitality

A planned portfolio of 20 hotels and 6 residential complexes in Saudi Arabia over the next seven years with SR 1.5 billion investments will definitely enhance Dur hospitality’ leadership position in Saudi Arabia and will sure reflect positively on the revenues, which are expected to increase 3...

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Business & Money | Sunday 31 May, 2015 9:41 am

Deloitte: Construction is the economic barometer for the region

2015 stands to be another key indicator of economic development as the Gulf Cooperation Council (GCC) continues to invest in infrastructure and capital projects. The forecast for projects planned and underway in the GCC in 2015 is US$172 billion; the highest on record to date. This is according to...

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Business & Money | Sunday 31 May, 2015 9:35 am

Maaden puts Saudi mining sector on the global map

Mining giant Saudi Arabian Mining Company (Maaden) has been rated as one of the best world-class companies on various operational, projects, training and skill development and financial parameters with its asset base recording 14-fold increase; now exceeding $22.5 billion in total. Maaden has also...

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Business & Money | Sunday 31 May, 2015 9:29 am

Preparations under way for municipal council polls

In a few weeks preparations will begin for elections for municipal councils which will be held in August.Despite criticisms of the previous two elections, people are hopeful. Changes in legislation have increased the number of elected candidates to two-thirds.The voting age has been lowered to 18...

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Business & Money | Sunday 31 May, 2015 9:26 am

MoH seeks personnel for Haj

Health personnel who are interested in serving pilgrims during the coming Haj are requested to send their applications to the Ministry of Health for deployment on a temporary basis.The Manpower Committee at the ministry will receive the applications through its website:...

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Business & Money | Sunday 31 May, 2015 9:23 am

Al-Hudaithi is new SRMG chairman

The board of directors of the Saudi Research and Marketing Group (SRMG) decided on Wednesday to appoint board member, Eng. Sulaiman Al-Hudaithi, as chairman.His tenure, along with that of the board, would be from May 1, 2015, until April 30, 2018, SRMG announced.Eng. Al-Hudaithi holds a bachelor of ...

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Business & Money | Saturday 30 May, 2015 11:00 am

Despite Record-High 401(k) Plan Balances, Few Workers are Actively Managing their Portfolios

While 401(k) plan balances and participation are at record-highs, a new survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), reveals that few U.S. workers are actively managing their 401(k) portfolios, leaving opportunity for workers to be more...

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Business & Money | Saturday 30 May, 2015 12:03 am

Barwa Bank awarded by Euromoney for Innovation in Islamic Finance

Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, has been recognized by the Euromoney Awards for Innovation in Islamic Finance 2015 for its lead role in international Sukuk issuance. Against a number of criteria across key metrics including innovation, cross border...

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Business & Money | Friday 29 May, 2015 3:09 pm

Red Hat Extends Enterprise Management for OpenStack with CloudForms 3.2

Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced Red Hat CloudForms 3.2, the latest version of its award-winning solution for managing private and hybrid clouds. CloudForms 3.2 delivers innovative management features that enable customers to...

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Business & Money | Friday 29 May, 2015 2:19 am

Over 1.8 million Saudis vie for 11,300 jobs

Over 1.86 million Saudis have applied for jobs under the Taqat job placement program run by the Human Resources Development Fund (HRDF).Data released by the HRDF showed that there are only 11,300 job vacancies across the country, a shortfall of 90 percent.University graduates made up 290,000 or 16...

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