Tourism & Hospitality | Saturday 24 October, 2015 4:18 am

New Jeddah airport to be ready by mid-2017

The new upgraded King Abdulaziz International Airport in Jeddah will open for full operations in mid-2017, according to the General Authority for Civil Aviation (GACA), the country’s regulatory body. Construction on the new facility and testing of all equipment would be completed at the...

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Tourism & Hospitality | Saturday 24 October, 2015 3:27 am

Riyadh among top ten destinations in OIC states

Riyadh was ranked among the top 10 destinations within the Organization of Islamic Cooperation (OIC) for Muslims traveling for shopping purposes, according to a report. The report was released by MasterCard and CrescentRating just ahead of the upcoming Global Islamic Summit to be held in...

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Environment & Energy | Saturday 24 October, 2015 3:16 am

KSA, Hungary sign atomic energy deal

The Kingdom has signed a cooperation agreement on the peaceful use of atomic energy with Hungary in order to diversify its energy sources to achieve its Vision 2032. The vision aims to replace 50 percent of dependence on traditional fossil fuel with atomic and renewable energy sources. The...

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Technology & IT | Saturday 24 October, 2015 2:59 am

Cisco and GBM Outline Key Steps for Digitization to Help Middle East Organizations Become IoT Ready

At a press roundtable at moderated by IDC’s IoT Research Lead for MEA, Cisco and GBM outlined the vital key steps that organizations in the Middle East will need to implement in order to become fully digital to embrace the Internet of Things (IoT) era.  1 in 4 leaders globally, say ...

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Tourism & Hospitality | Saturday 24 October, 2015 2:46 am

Etihad Airways this morning applied for an injunction in a German Court

Etihad Airways this morning applied for an injunction in a German Court to protect its codeshare flights with airberlin.   The launch of legal action is also designed to help protect the German carrier’s 8000 employees and provide passengers with clarity and confidence. Etihad...

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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...

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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...

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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...

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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...

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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...

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