Business & Money | Saturday 2 January, 2016 9:38 am

Gold loses luster in worst slump since 1984

Gold’s image as a haven asset has taken a battering with the metal capping its longest slump in more than 30 years as investors sold from bullion-backed funds. Bullion futures fell for a sixth-straight quarter, the longest slump since 1984, and lost 10 percent this year.  Prices, which ...

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Business & Money | Saturday 2 January, 2016 9:35 am

Over 33,000 pupils enter Saudi talent contest

A total of 33,000 young Saudi students have entered the annual government-sponsored science and mathematics contest. Adel Abdulrahman Al-Qaeed, deputy secretary-general of King Abdulaziz and His Companions Foundation for Giftedness and Creativity (Mawhiba), said Wednesday the closing date is Jan....

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Business & Money | Saturday 2 January, 2016 4:25 am

Construction sector has 5,389 female workers

The Human Resources Development Fund (Hadaf) has said that 5,389 women have been employed in the field of building and construction (contracting). Out of 249,197 employment opportunities provided in the sectors, 34 percent were in the commercial sector, 17 percent in the contracting sector, and 16 ...

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Business & Money | Saturday 2 January, 2016 3:24 am

Youth involvement in development stressed

Makkah Gov. Prince Khaled Al-Faisal laid the foundation stone of the Bahrah development center at Al-Bayda village on Wednesday. Bahrah, a town located between Makkah and Jeddah, is part of the Makkah region’s sustainable development project. Prince Khaled expressed his happiness over the ...

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Culture & Education | Saturday 2 January, 2016 3:21 am

Scholarship program to be market-oriented

Minister of Education Ahmed Al-Issa has announced the ministry’s intention to review the Kingdom’s foreign scholarship program and specialities. “This is in accordance with a plan to focus on specific disciplines in foreign scholarships among Saudis studying in different...

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Tourism & Hospitality | Saturday 2 January, 2016 2:50 am

Atlantis, The Palm offered legendary fireworks and an unforgettable dinner

Atlantis, The Palm, lit up the sky with a show that exceeded all expectations. The mesmerizing show lasted for 10 minutes and was synchronized with songs such as Mariah Carey’s Auld Sand Lyne and an orchestral selection by John Williams. Guests enjoyed an elegant outdoor dining experience,...

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Business & Money | Friday 1 January, 2016 5:28 am

Alwaleed Philanthropies-sponsored society receives Stars Impact Award

ALWALEED PHILANTHROPIES, chaired by Prince Alwaleed Bin Talal, sponsors The Right to Live Society (RLS), which has received the 2015 Stars Impact Award. RLS provides healthcare and education services to children in the Gaza Strip diagnosed with Down Syndrome and autism. According to the...

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Healthcare | Friday 1 January, 2016 4:33 am

Plan to make bracelets mandatory for all Hajis

The Ministry of Health is considering a plan to make pilgrims wear electronic bracelets that contain their personal data. Deputy Minister of Health Dr. Hamad Al-Duwailie said such information will make it a lot easier the identification of the pilgrims in emergency situations. “We will...

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Business & Money | Friday 1 January, 2016 3:31 am

GE, Aramco plan to set up National Power Academy

General Electric (GE) successfully ended 2015 with the signing of a memorandum of understanding (MoU) with Saudi Aramco to establish the National Power Academy (NPA). Speaking to Saudi Gazette, Hisham Al-Bahkali, president and chief executive officer of GE Saudi Arabia & Bahrain, spoke about ...

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Business & Money | Friday 1 January, 2016 3:25 am

Bangladesh to send more maids upon KSA request

On a request made by the Saudi government, Bangladesh will increase the number of housemaids coming to the Kingdom from Dhaka. The announcement of the new development was made on Thursday following the bilateral talks held here between Minister of Labor Mufarrej bin Saad Al-Haqbani and visiting...

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