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أدوات الموضوع | التقييم: | انواع عرض الموضوع |
#811
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150,000 jobs await Saudi women in sales outlets
TAIF: Saudi Arabia’s market for lingerie and women’s accessories is ready to take in thousands of qualified Saudi saleswomen, replacing foreigners who have been dominating the sector. When the new legislation to replace foreigners with Saudi women at lingerie and women-only shops comes into effect on Jan. 4 (Safar 10), it is expected create about 150,000 job opportunities for jobless Saudi women, Asharq Al-Awsat newspaper reported on Thursday. A large number of young Saudi women are qualified to take up challenging careers at these shops, thanks to the online campaign and initiatives launched by some Saudi women. The campaign titled “Enough With Embarrassment” launched by Fatima Qaroub in 2005 is the most prominent among them. A large number of lingerie shops have agreed to the demands of the campaigners to employ female staff.. Source: Arab News
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#812
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Gold price per aunce 1608 US dollars
silver per aunce 29 US dollars Platinum per aunce 1429 US dollars These prices around 7 AM today (Monday) - Saudi Arabia time December 26, 2011
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#813
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Gold price per aunce 1589.10 US dollars
silver per aunce 29.69 US dollars Platinum per aunce 1428.74 US dollars These prices around 6:35 AM today (Wednesday) - Saudi Arabia time December 28, 2011
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#814
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Saudi bourse advances 0.20%
The Saudi rose for the sixth consecutive day, closing at 6,288.28 points Tuesday. Sabic dipped a quarter per cent to SR94.75. Tabuk Agriculture posted the largest increase, finishing 7.50% higher at SR34.40. Source: AME Info
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#815
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GCC backs King's unity call
Syria urged to halt ‘killing machine’ Iran told to stop interfering in Gulf states’ internal affairsRIYADH – Gulf Cooperation Council (GCC) leaders Tuesday endorsed the proposal of King Abdullah, Custodian of the Two Holy Mosques, to form a “single entity”. “The GCC leaders welcomed and blessed the proposal of King Abdullah, the current chairman of the Supreme Council, on the transition from the stage of cooperation to the stage of unity,” GCC Secretary General Dr. Abdullatif Bin Rashid Al-Zayani said, reading the communique of the 32nd session of the Supreme Council and the Riyadh Declaration. King Abdullah, on Monday, said the security of Saudi Arabia and its Arab neighbors was being targeted, and called on Gulf Arab states to “move beyond the stage of cooperation and into the stage of unity in a single entity”. The GCC leaders directed the Ministerial Council to form a specialist commission to study the proposal and provide a preliminary report by March. After the conclusion of the two-day GCC summit, Foreign Minister of Saudi Arabia Prince Saud Al-Faisal said that Syria must embrace all of the Arab League plan it has signed, which calls for pulling troops from population centers, releasing prisoners and engaging in dialogue with opposition forces. “If the intentions are pure, these steps must be taken immediately,” Prince Saud said at a joint press conference with Al-Zayani. A communique issued at the conclusion of the GCC summit called on Syria to “immediately halt its killing machine, put an end to bloodshed, lift all signs of armed conflict and release prisoners, as a first step towards implementing the (Arab) protocol”. It also called on Iran to stop meddling in the internal affairs of the group’s members. “Stop these policies and practices… and stop interfering in the internal affairs” of the Gulf nations, said the communique. The GCC also expressed concern over attempts by Iran to “instigate sectarian strife”. It expressed support for a Kuwaiti port project and urged Baghdad to step up its efforts to normalize ties with its neighbor. “The GCC supports Kuwait concerning the Mubarak Al-Kabir port since it will be built on Kuwaiti land and within its territorial waters,” said the communique. It also urged Iraq to “implement its international commitments toward Kuwait” in a bid to “enhance trust between the two countries and strengthen their relations” Source: Zawya
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#816
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Hospitals lose millions due to rejected insurance claims forms
DAMMAM – Many private hospitals are losing millions of riyals annually because health insurance companies refuse to accept improperly filled out Unified Claim and Approval Forms (UCAF), the documents that insurance companies approve and audit to confirm payments for medical services rendered by hospitals to insured patients. Insurance companies are using improperly filled out or missing UCAF forms as the reason for rejecting or delaying the payment of claims, said many hospital administrators. A senior official of Mohammed Dossary Hospital in Al-Khobar said his hospital incurred SR3 million in losses during the first six months of this year as a result of the rejection by insurance companies of submitted UCAF forms. “Oftentimes, insurance companies cite missing information or wrong and incorrect data entered on the UCAF form as the reason for refusing to pay,” an official of a hospital in Dammam said. Missing information on the UCAF form, poor or illegible handwriting, and other omissions result in delay or even rejection of payment. Hospitals are now trying to solve the problem by hiring extra doctors to check and verify all UCAF forms before submitting them to insurance companies. “Most hospitals now require their nurses to ensure that UCAF forms are properly filled out and delivered to insurance companies,” the official from the Dammam hospital said. Studies are also underway to design an electronic UCAF (e-Ucaf) form that can be electronically filled out, audited, printed and attached to bills. Source: Zawya
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#817
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Riyadh rents jump on business demand
Companies leasing office space in Saudi’s capital could see their rents jump to levels on par with property in Abu Dhabi and Dubai, said Jones Lang LaSalle in a report published Tuesday. Commercial rates in Riyadh are averaging SR1,060 per sq m in the city’s Central Business District (CBD), as a string of new developments helps to attract businesses to the region. Developments such as Riyadh Business Gate, the ITC Complex and the King Abdullah Financial District in particular are attracting business tenants to the capital, cutting vacancy rates in the CBD to just 16 percent, the property broker said. “Demand [for office space] is strong in the Riyadh market, from the government, the multinational sector and also from Saudi conglomerates and contractors,” said the report, adding that prime office space was commanding rents of about SR1,400. “There will be upward pressure on vacancy rates in 2012 with the completion of new supply, however, the top quality projects…will continue to enjoy occupancy levels close to 100 percent.” Residential property rates in the Gulf kingdom are also rising, a trend likely to continue into the new year, JLL said. Average villa prices across all Riyadh districts rose four percent in the third quarter year-on-year, reaching SR3,050 per sq m. Apartments also saw a small uptick, with the average price per sq m passing SR2,343, a rise on one percent on the year-earlier period. “Increasing land prices and access to better roads networks have played a major role in increasing villa prices,” the report said. “Due to high occupancy rates, rents in [especially] middle income areas have also continued to grow at high levels.” In the next two years, more than 2,000 compound units will be added to the existing stock, the company said, relieving the existing expatriate housing shortage. However, residents could soon be subjected to a flurry of new real estate laws, with the practice of owners’ associations and service charges being tested on two pilot projects. Source: Arabian Business
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#818
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Boost for Saudi PET exports: EC drops anti-dumping and subsidy cases
RIYADH: The European Commission (EC) has lifted an anti-dumping case filed against Saudi Basic Industries Corp. (SABIC) and a subsidy case against the Saudi government, Prince Abdul Aziz bin Salman, assistant minister of petroleum and mineral resources for petroleum affairs, announced Monday. “The European Commission has accepted a request to withdraw the cases filed by companies through the Association of Product Manufacturers in Europe after having discovered the two cases do not harm the interests of the European Union,” the Saudi Press Agency quoted the prince as saying. Prince Abdul Aziz, who is head of the Saudi team dealing with anti-dumping and subsidy cases, said the two cases were filed against the Kingdom’s polyethylene terephthalate (PET) exports. The European Commission opened two investigations simultaneously in mid-February after the association filed the cases. He said a royal decree was issued to form a team under the chairmanship of the Ministry of Petroleum and Mineral Resources to deal with anti-dumping cases against Saudi petrochemical exports in different countries as the Kingdom gives utmost importance to the petrochemical industry that contributes heavily to its diversification drive and helps attracts foreign investment. The team that includes representatives from the ministries of foreign affairs, commerce and industry, and finance, had taken necessary measures to handle the two cases in Europe, resorting the help of experts in different Saudi ministries including the Ministry of Economy and Planning and the Ministry of Water and Electricity as well as other government agencies and international consultancy offices. Prince Abdul Aziz said the team contacted the European Commission and the governments of the European Union to clarify the Kingdom’s position concerning these issues. “We have told that the support given by the Saudi government to its industries goes in line with World Trade Organization’s regulations as well as the agreement reached with EU during negotiations to win the Kingdom’s admission to the WTO,” he pointed out. Prince Abdul Aziz also asserted that SABIC’s trade practices in Europe could not be considered as dumping. He thanked EU governments and European companies working in Saudi Arabia for their understanding and support to the Kingdom’s stand. He also expressed his appreciation of the support given by Petroleum and Mineral Resources Minister Ali Al-Naimi as well as government agencies and the Saudi Export Development Center. The EC had earlier published a notice of anti-subsidy proceeding concerning imports of certain PET. The polymer is used mainly for packaging of soft drinks and mineral water bottles, although it also has other uses. The PET market of the EU is estimated to be worth $4.1 billion annually. Source: Arab News
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#819
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SHC to manage Saudi Enaya IPO
An agreement to this effect was signed by Taher Al-Dabbagh, CEO of SHC, with Khaled Al-Juffali, chairman of the insurance company. Saudi Enaya's IPO comes in line with the company's efforts to expand the base of its shareholders and strengthen its position in the Kingdom's growing insurance market. The deal came after the Saudi Capital Market Authority approved Saudi Enaya's plan to offer 16 million shares to the public. Al-Dabbagh thanked Enaya for selecting SHC for the management of its IPO, adding that the IPO would become a turning point in the company's history and progress. He highlighted SHC's expertise in IPO management. "We'll mobilize all our material, human and technical resources for the success of Enaya's IPO," he added. In his statement, Al-Juffali described the Saudi insurance market as a promising and attractive one due to the presence of a lot of opportunities. He said the company plans to expand its services in the market by offering innovative products. Source: Arab News
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#820
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Saudi Arabia leads online jobs boom in November
Recruitment activity in the Middle East rose by 28 percent in November compared to the same month last year, according to latest data supplied by recruitment firm Monster Worldwide. Saudi Arabia led the way with a 52 percent jump, as the Gulf kingdom registered an uptrend in hiring for the fourth month in a row. The Monster Employment Index Middle East also showed a 14 point increase month-over-month. Online job opportunities exceeded the level of November 2010 level in four of the seven countries monitored by the index. After Saudi Arabia, Kuwait was up 4 percent while Bahrain and Qatar (down 8 percent) recorded the most dramatic annual decline. Sanjay Modi, managing director, Monster.com (India/Middle East/South East Asia), said: "The Monster Employment Index Middle East shows regional employers are continuing to drive a consistent escalation in online recruitment activity. "This is especially true in major economies like Saudi Arabia and UAE where ongoing positive momentum is informing positive hiring trends in sectors like healthcare, education and banking and finance." Nine of the 12 industry sectors monitored by the index saw improved recruitment levels compared to November 2010, with healthcare (up 43 percent) the top performer, followed by education (up 40 percent). Source: Arabian Business
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