Environment & Energy | Saturday 21 November, 2015 5:31 am

Oil price trades near three-month low

Brent crude oil futures gained some ground on Friday but remained near three-month lows as the pressure of a persistent supply glut limited optimism for a price recovery. Brent crude struggled to hold onto small gains as the overhang that has cut prices by more than 10 percent this month...

More Details

Business & Money | Saturday 21 November, 2015 5:30 am

Shoura to vote on hiring Vietnamese workers

The Shoura Council is to vote Monday on a draft law to recruit workers from Vietnam. The draft has been initialed by the Labor Ministry and its counterpart in Vietnam. The vote is being taken after the Administrative and Human Resource Committee of the house produced a report stating the views...

More Details

Healthcare | Saturday 21 November, 2015 5:28 am

Closer health cooperation ‘vital’ for Muslim countries

Muslim countries should forge closer health ties to attract scientists, reduce costs of purchasing medicines and tackle the growing threat of infectious diseases, said Health Minister Khalid A. Al-Falih on Thursday. Al-Falih was speaking at the two-day Organization of Islamic Cooperation’s ...

More Details

Environment & Energy | Saturday 21 November, 2015 5:27 am

Capital gets ready for winter rains

 A thick blanket of cloud enveloped the city's skyline for most of the day on Friday, making it a perfect weekend after a long spell of sultry heat in the capital. The overcast sky made the day pleasant for Riyadh residents, reducing the temperature to the lowest level seen so far this...

More Details

Business & Money | Saturday 21 November, 2015 5:25 am

King only Arab on Business Insider’s power list

Business Insider has chosen Custodian of the Two Holy Mosques King Salman as the only Arab on its list of the most powerful 50 people in the world. Its website said King Salman was chosen for his personality and influence in the Middle East, as well as his position as ruler of Saudi...

More Details

Beauty & Style | Friday 20 November, 2015 2:47 pm

MSGM opens flagship store in the Middle East

MSGM, the Italian contemporary luxury brand well known for its young and motivated concept, opened its first monobrand store in the Middle East.   BinHendi Enterprises, the region’s leader in fashion, watches and jewellery, collaborated with MSGM to bring the brand to the UAE. The...

More Details

Business & Money | Friday 20 November, 2015 2:33 pm

Ministry rewards inspectors for refusing bribe

Two government officials were given three months’ salary as reward for rejecting a bribe in exchange for dismissing commercial fraud. The two officials were a part of the inspection team at the Ministry of Commerce and Industry who were checking for violations of the Anti-Fraud Law of the...

More Details

Environment & Energy | Friday 20 November, 2015 2:26 pm

Oil price slump should not stop investments: Al-Naimi

Saudi Arabia has called for sustained investment in new output capacity despite the slump in world prices. Ali Al-Naimi, minister for petroleum and mineral resources, said global production lost four million barrels per day due to natural depreciation and predicted an increase in demand of one...

More Details

Tourism & Hospitality | Friday 20 November, 2015 3:58 am

Turkish Airlines signs historic agreement with Jordan’s Petra Development and Tourism Authority

Turkish Airlines has signed a partnership agreement with the Petra Development and Tourism Authority in the presence of Nayef Al-Fayez, Jordan’s Minister of Tourism and Antiquities, Mohammad Al-Nawafleh, the Chief Commissioner of the Petra Development and...

More Details

Technology & IT | Friday 20 November, 2015 3:41 am

Ericsson’s Rafiah Ibrahim Recognized as Top Executive leader

Rafiah Ibrahim, Ericsson’s President for Region Middle East and Africa, was recognized by Forbes Middle East amongst the Top Executives in the Middle East ranking 15th on the list of 100 executives.  Ibrahim was honored during the magazine’s Global Meets Local Awards, held last...

More Details