Business & Money | Tuesday 29 December, 2015 1:58 pm

Buy the perfect gift this DSF from King Koil

A great night’s sleep is always the perfect gift so buy the best gift from King Koil where discounts of up to 45% will be given on purchases of mattress and bed accessories during the 32-day Dubai Shopping Festival (DSF).   Dubai Furniture Manufacturing Company LLC (DFMC) which...

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Business & Money | Tuesday 29 December, 2015 1:44 pm

Medgulf Takaful B.S.C. (c) and Copart Bahrain Sign Agreement

Medgulf Takaful, an insurance company in Bahrain, has entered into an agreement with Copart Bahrain in a signing ceremony attended by Mr. Nader Saeed Al Mandeel, CEO of Medgulf Takaful and Mr. Carlos Sabugueiro, CEO of Copart in the Middle East andAfrica. Together, the...

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Business & Money | Tuesday 29 December, 2015 1:28 pm

Anan Iskan Provides New World of Workers Accommodation Services

In its efforts to address challenges faced by the labor force in Saudi Arabia, Anan Iskan, the kingdom’s leading and first workers accommodation expert in Saudi Arabia, which provides workers with a wide range of support services aimed at creating internationally approved, safe and healthy...

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Business & Money | Tuesday 29 December, 2015 9:58 am

SaxoTraderGO introduces Touch ID support

Saxo Bank, the online trading and investment specialist, has enabled client identification on SaxoTraderGO through biometric verification. This application update for iPhones and iPads containing Touch ID support has been released to Saxo Bank clients and is now globally available. As an...

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Business & Money | Tuesday 29 December, 2015 7:44 am

2016 Budget

The government’s budget for the 2016 fiscal year (31 December 2015 to 30 December 2016) was endorsed by the Council of Ministers on 28th December. It points to a sustained commitment in maintaining a high level of spending despite the sustained environment of lower oil prices (Figure 1)....

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Environment & Energy | Tuesday 29 December, 2015 6:00 am

Kingdom’s Petchem industry will adjust to energy price rise

Saudi Aramco’s Chairman Khalid Al-Falih said he is confident that local industries, including the Saudi petrochemical sector, would adjust to the rise in domestic energy prices and remain competitive. Earlier, the government said it was hiking prices for fuels, water and electricity as...

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Environment & Energy | Tuesday 29 December, 2015 5:39 am

Aramco to build world’s largest gas complex

Saudi Aramco intends to build the largest industrial complex for gas in the world a cost of $2.1 billion in Jazan. The new project will supply 20,000 metric tons of oxygen and 55,000 metric tons of nitrogen to its Jazan refinery for 20 years.  The production capacity of the new Aramco oil...

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Government | Tuesday 29 December, 2015 4:38 am

King Salman to host 1,000 Umrah pilgrims and visitors

This year Custodian of the Two Holy Mosques King Salman will host 1,000 Umrah pilgrims and visitors from various parts of the world as his personal guests. The King’ program to host Umrah pilgrims and visitors was launched last year under the supervision of the Ministry of Islamic Affairs, ...

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Environment & Energy | Tuesday 29 December, 2015 3:36 am

Up to 50% hike in fuel prices from today

The Council of Ministers on Monday decided to increase petrol prices by more than 50 percent for some products from Tuesday. The price of lower-grade petrol (Octane 91) for a liter was increased to 75 halalas from the current 45 halalas, a 67 percent rise, while the price of higher-grade...

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Government | Tuesday 29 December, 2015 3:27 am

King: Saudi economy strong enough to meet challenges

Custodian of the Two Holy Mosques King Salman announced on Monday that the annual general budget represents the beginning of an integrated and comprehensive working program to build a strong economy. Unveiling the budget for the fiscal year of 1437-38 (2016) at the weekly session of the Council...

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