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Saudi salaries set to increase 5% in next 12 months

Salaries in Saudi Arabia’s private sector are set to increase by five percent over the next 12 amid an increase in demand for Saudi nationals in the private sector, a new survey said on Tuesday. A total of 30 percent of 250 companies surveyed in the kingdom said they had difficultly retaining their staff, up [...]

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Foreign nurses in Saudi may lose jobs amid localisation plans

Saudi Arabia has announced plans to localise nursing jobs in medical facilities across the kingdom, a move that could cause foreign nurses to lose their jobs. In a circular to its administrative units, Saudi’s Ministry of Health (MoH) indicated that contracts with foreign nurses who have completed 10 years of service will be terminated, Saudi [...]

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Prince Alwaleed to launch 24-hour news channel focusing on “freedom of speech and freedom of press”

Saudi Arabia’s Prince Alwaleed will launch an international news television channel next year, which will focus on “freedom of speech and freedom of press.” Known as Alarab, the 24-hour news channel will target Arabic-speaking viewers across the Arab world and beyond. The Alarab news channel is an independent venture from Kingdom Holding Company and the [...]

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Gulf plans to launch VAT (tax) currently at technical stage

Plans to introduce a value-added tax for Gulf Arab oil exporters remain at a technical stage with the timing of the long-considered project still undecided though 2012-2015 have been tentatively discussed as potential launch dates, officials said. Six Gulf Arab crude producers have been mulling the joint VAT plan over the past five years, aiming [...]

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Food, hotel and hospitality show in Riyadh

RIYADH: Saudi Arabia’s first food, hotel and hospitality event takes place today (Friday) in the capital with Riyadh Chamber of Commerce and Industry (RCCI) chairman Abdulrahman Al-Jeraisy as keynote speaker. Food, Hotel, & Hospitality Arabia (FHHA) takes place at the Riyadh International Convention Center and runs until Sept. 13. It is organized by Alagat Montogomery. [...]

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Renault Riyadh service center is the biggest in GCC

The number of Renault cars on the roads in Saudi Arabia has increased noticeably over the last year. Recognizing the need to serve customers better and going by the Renault philosophy of Customer First, Gulf Advantage Automobiles (GAA) inaugurated a new Renault Service Center in Riyadh, further reiterating their expansion plans while enhancing GAA’s leadership [...]

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World Bank Recognizes Saudi Arabia as the 17th Most Competitive Economy

JEDDAH: Saudi Arabia has broken into the top 20 most competitive economies of the world for the first time, which also saw other Gulf countries continue their upward trend of recent years.   The Global Competitiveness Report 2011-12, released Wednesday by the World Economic Forum (WEF), put Saudi Arabia at No. 17 from No. 21 [...]

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American Eagle Outfitters further expands in Middle East with debut in Riyadh, Saudi Arabia

American Eagle Outfitters Inc. (AEO), a lifestyle brand for young men and women ages 15 to 25, opened its first store in Riyadh, the capital of Saudi Arabia. This is the sixth location in the Middle East, with five stores in Kuwait and the UAE. The 1,042 SQM store located on Olaya high-street is designed [...]

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Eid Al Fitre Celebrations in Riyadh 2011

Municipality of Riyadh, in collaboration with a number of official and non-official bodies, offers a laudable celebration program for Eid Al Fitr this year. This comes as a gesture of sharing joy with residents of our precious capital, on this blessed occasion, through a number of festive and recreational events and activities. Eid Al Fitre [...]

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Eid El-fitir Celebrations around Riyadh 2011: When & Where

In anticipation for Eid El-fitir 2011, the Riyadh Municipality media center has released this years 2011 Eid schedule which will include 40 location, 186 different activities indulging the young and old with new and creative entertainment, sports events, theatre and much more! For the Qasr Al Hokm District (قصر الحكم) events will start at 8:15  - [...]