Business & Money | Tuesday 11 January, 2022 9:12 am

Employee can be terminated only with a unanimous decision of probe panel

RIYADH — It was stipulated in the executive regulations of Saudi Arabia’s Job Discipline Law that termination of an employee from service, as part of disciplinary measures, shall be based on a unanimous decision of the committee that has been constituted to investigate the charges against...

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Business & Money | Tuesday 11 January, 2022 9:06 am

GASTAT set to launch fifth census in Kingdom's history ‘Saudi Census 2022’

RIYADH — The General Authority for Statistics (GASTAT) announced on Monday that it is preparing to launch the "Saudi Census 2022" program, which is an essential pillar of Saudi Arabia's Vision 2030.The "Saudi Census 2022" program is the fifth census in the Kingdom's history, as the last general...

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Business & Money | Monday 10 January, 2022 9:02 pm

DMCC records best year since inception, attracts 2485 companies to Dubai in 2021

DUBAI, 10th January 2022 (WAM) - DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced that it achieved its best year on record, attracting 2,485 companies to Dubai in 2021. The year also saw DMCC achieve its best June,...

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Business & Money | Monday 10 January, 2022 9:47 am

Among G20, Saudi Arabia ranks second in economic growth

RIYADH — Saudi Arabia ranked second among the G20 countries in terms of the best economic performance during the third quarter of 2021, with posting a growth of 5.7 percent on a quarterly basis.An analysis of indices issued by the G20 countries and the International Monetary Fund showed that the...

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Business & Money | Sunday 9 January, 2022 12:10 am

What day is it? UAE works on Friday for first time

DUBAI: Employees and schoolchildren juggled work and studies with weekly Muslim prayers on the first ever working Friday in the United Arab Emirates as the Gulf country formally switched to a Saturday-Sunday weekend.Some grumbled at the change and businesses were split, with many moving to the...

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Business & Money | Sunday 9 January, 2022 12:07 am

New privatization rules signed off in Saudi Arabia to encourage investors

Riyadh: Fairness, transparency, and feasibility will now all be taken into consideration before private public partnerships are given the green light in Saudi Arabia after a law change was signed off.  The National Center for Privatization and PPP have approved a new set of rules which...

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Business & Money | Saturday 8 January, 2022 11:53 pm

Saudi budget carrier flyadeal launches new route between Riyadh and Cairo

RIYADH: Low-cost Saudi airline flyadeal on Thursday launched its first regular flights between King Khalid International Airport in Riyadh and Cairo International Airport, the Saudi Press Agency reported. Ahmed Al-Brahim, the airline’s chief commercial and customer officer, said that the...

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Business & Money | Tuesday 4 January, 2022 9:53 am

Full steam ahead for Saudi women with train driver program

JEDDAH: The Saudi Railway Polytechnic is training women to drive trains on the Kingdom’s Haramain High Speed Railway, in a project seeking to break taboos. For decades, train driving has been viewed as a masculine career profession. And while women in Saudi Arabia have broken records in ...

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Business & Money | Tuesday 4 January, 2022 9:34 am

Saudis’ transfer of money abroad records 4-year highest figure, crossing SR7 billion

RIYADH – The transfer of money by Saudis to outside the Kingdom reached more than SR7.18 billion during the month of November 2021, and this recorded the highest monthly amount of remittance that has been made over the past four years, Okaz/Saudi Gazette has learned from the recent data released...

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Business & Money | Tuesday 4 January, 2022 9:29 am

Alpha Dhabi Holding raises stake in Aldar Properties to 30%

ABU DHABI, 3rd January, 2022 (WAM) -- Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will increase Alpha Dhabi Holding’s shares in Aldar Properties to 29.8 percent, making it one of the largest shareholders,...

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