Business & Money | Saturday 24 October, 2015 2:11 am

Euro briefly falls below $1.10 for first time since August

The euro on Friday continued its downward trend against the dollar following European Central Bank chief Mario Draghi's comments a day earlier that signaled further monetary easing could be on deck for the euro zone. Europe's common currency checked in below $1.10, hitting a...

More Details

Business & Money | Saturday 24 October, 2015 1:53 am

Western Union’s Self-Service Kiosk Model Named “Best New Service”

The Western Union Company (NYSE: WU), a leader in global payment services, was awarded the “Best New Service” award at the 2015 Corporate Entrepreneur Awards earlier this week for its digital self-service kiosk model—active at Walgreens locations across the United...

More Details

Business & Money | Friday 23 October, 2015 3:48 am

House prices likely to drop 30% in Jeddah

Prices of apartments, houses and land are expected to drop by 20 to 30 percent in Jeddah next year, a study has found. Developers are expected to deliver 15,600 residential units over the next three years in different regions of Jeddah, which will further bring down prices, local media reported...

More Details

Government | Friday 23 October, 2015 3:47 am

SR3,000 fine for every delayed salary

Employers who delay the salaries of their Saudi and expatriate employees, or who fail to pay contracted amounts, will be fined SR3,000 for every offense, the Ministry of Labor has announced.  The fines will be implemented if the ministry's Wage Protection System (WPS) indicates a delay...

More Details

Government | Friday 23 October, 2015 3:41 am

Royal call for Istisqa prayer

Custodian of the Two Holy Mosques King Salman has urged people to perform Istisqa (rain-seeking) prayer next Thursday, the Royal Court said in a statement. The statement said that in keeping with the Sunnah of Prophet Muhammad (peace be upon him), the king issued the appeal, calling on all to...

More Details

Cars & Autos | Friday 23 October, 2015 3:34 am

Al Jomaih unveiled 2016 Cadillac Escalade Platinum at EXCS Motor Show Riyadh

Al Jomaih Automotive Company (AAC), the largest dealer for General Motors in Saudi Arabia and the Middle East, unveiled the new 2016 Cadillac Escalade Platinum vehicle at the ninth edition of EXCS International Luxury Motor Show 2015, held on Oct. 20-22 in the Kingdom Hall at the Four Seasons Hotel ...

More Details

Cars & Autos | Friday 23 October, 2015 3:25 am

Al Ghassan Motors unveils Bentley Bentayga

Bentley Motors has announced full details of its pinnacle, sector-defining new model, the Bentayga.   The Bentley Bentayga combines unparalleled luxury with effortless performance and everyday usability.   With an all-new W12 powertrain, the Bentayga is the fastest, most...

More Details

Tourism & Hospitality | Friday 23 October, 2015 3:21 am

TARFEEH FAKIEH SUPPORTS THE FIRST ENVIRONMENTAL EVENT FOR WOMEN AND CHILDREN

As part of its efforts to sensitize society to the importance of preserving the environment, Fakieh Leisure and Entertainment Group – Tarfeeh Fakieh, is participating in the first environmental workshops for women and children, an event organized by the Saudi Environmental Society under the...

More Details

Technology & IT | Friday 23 October, 2015 2:37 am

Microsoft and Pacific Controls announce the delivery of Galaxy 2021, Smart City Platform, on Microsoft Azure

Pacific Control Systems (PCS), a leading global IoT services provider, and Microsoft have announced the availability of Pacific Controls’ Galaxy 2021, the state-of-the-art Enterprise City Management software platform, on Microsoft Azure cloud infrastructure.  Galaxy 2021 is a dynamic...

More Details

Business & Money | Thursday 22 October, 2015 6:55 pm

FEEDBAAC.COM LAUNCHED IN UAE

TO PROVIDE EXPERT AND REAL USER OPINIONS ON PRODUCTS, MOVIES AND STORES Feedbaac.com, a 360 degree product information platform, which helps consumers make informed buying decisions, was launched in UAE today. Positioned as a complete destination for smart consumers, it provides users with...

More Details