Business & Money | Sunday 8 March, 2015 1:42 pm

67% of working women believe workplace equality to be on par with Western countries

While 43% of working women in the Middle East and North Africa (MENA) region believe they are paid less than their male counterparts, the general sentiment is that workplace equality across the region has grown to be on par with working environments in the Western world. Further data from the...

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Business & Money | Sunday 8 March, 2015 6:25 am

Experts call for top positions in private sector firms to be filled with nationals

Human resource experts have asked the Ministry of Labor to implement a recently issued regulation which stipulates that establishments with over 50 employees should nationalize a minimum of six percent of their leadership posts. Chairman of the Human Resource Committee in Jeddah’s Chamber of...

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Business & Money | Sunday 8 March, 2015 6:18 am

Justice Ministry, SAMA launch electronic links

The Ministry of Justice and the Saudi Arabian Monetary Agency have forged an electronic link with each other in a coordinated move to fight financial crime.Ministry of Justice Undersecretary for Crimes and Execution Khaled Al-Dawoud said that the e-link between the two organizations will ensure...

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Business & Money | Saturday 7 March, 2015 1:18 am

SABIC showcases innovative products at Printing, Packaging, Plastics and Petrochemicals exhibition

SABIC showcased its range of innovative products in construction, printing and packaging at the 12th Saudi Exhibition for Printing, Packaging, Plastics and Petrochemicals 2015 held at Jeddah Center for Forums and Events from March 1 to 3. SABIC was the Diamond Sponsor of the exhibition.SABIC also...

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Business & Money | Saturday 7 March, 2015 1:05 am

The Emir of Asir honors Al-Jazeera Paints during the International Day for Civil Defense

His Royal Highness Prince Faisal bin Khalid bin Abdul Aziz, Emir of Asir honored Al-Jazeera Paints, the giant of high quality paints industry in the Middle East and surrounding regions on the International Day for Civil Defense 1436H which was held under the slogan: “Risk Free Sustainable...

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Business & Money | Saturday 7 March, 2015 12:34 am

Taxi shortage as raids apply brakes on illegal drivers

Wary of labor raids, several taxi drivers have stopped working. This development has led to a taxi shortage. Also, many taxi drivers refuse to ferry people to places that require passing security checkpoints.Many taxi drivers have not transferred their sponsorships to their respective employers....

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Business & Money | Friday 6 March, 2015 11:50 am

Commercial building rents to be regulated

The Ministry of Commerce and Industry is welcoming opinion of experts on regulating rent contracts for commercial real estate property and find solutions for rising real estate rents.Those interested can express their opinion by logging into the ministry’s website mci.gov.sa/lease. But the...

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Business & Money | Friday 6 March, 2015 11:17 am

Housing in Makkah ‘too expensive for families’

The SR500,000 home loan provided by the government for citizens is not enough to pay for a three-bedroom apartment with a living room in Makkah, developers and real estate experts said recently.The average family would need to take out an extra SR150,000 to SR200,000 just to buy an apartment built...

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Business & Money | Friday 6 March, 2015 11:10 am

Expats have right to keep their passports

The Labor Ministry has reiterated that it is the right of foreign workers to keep their passports and official documents.“Anybody violating this rule will face serious penalties,” said Taysir Al-Mofraj, the ministry’s spokesman.According to him, holding on to employees’ passports does not...

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Business & Money | Thursday 5 March, 2015 1:58 pm

Lamb Weston / Meijer publishes key results of sustainability programme

Potato processing leader makes real progress with 2020 sustainability roadmap.Lamb Weston / Meijer, one of the top three producers of processed potato products in Europe, the Middle East and Africa (EMEA), today published its third sustainability report. Lamb Weston is the market leader in the...

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