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  • Saudi Expatriates
    Saudi businesses call for 2 year ban on returning expats

    A group of leading businessmen has recommended to Saudi authorities that expats who leave the kingdom on an exit visa are not allowed to return for two years. The Council of Saudi Chambers (CSC) labour market committee approved the proposal in a bid to encourage local businesses to hire Saudis. “If implemented, the measure is bound to boost nationalisation in the business sector,” committee chairman Mansoor Al Shethri was quoted as saying by Arab News.

  • World Trade Center
    World Trade Center reopens for business

    Some staffers of publishing giant Conde Nast began working at 1 World Trade Center on Monday. The 104-story, $3.9 billion skyscraper dominates the Manhattan skyline. The publishing giant becomes the first commercial tenant in America's tallest building. It's the centerpiece of the 16-acre site where the decimated twin towers once stood and where more than 2,700 people died on Sept. 11, 2001, buried under smoking mounds of fiery debris. The area has prospered in recent years beyond anyone's imagination. About 60,000 more residents now live there — three times more than before 9/11 — keeping streets, restaurants and shops alive even after Wall Street and other offices close for the day.

  • Hajj Economy
    Hajj 2014: For Saudi Arabia, The Muslim Pilgrimage Is Big Business

    In addition to being a sacred Muslim tradition -- and perhaps in spite of Islam’s mandate for simplicity, especially during the pilgrimage -- the modern-day Hajj has turned into big business. Saudi Arabia has undertaken an effort in recent years to build more luxury hotels and services catering to the Muslim faithful who flock to Mecca each year, and as a result, many pilgrims are spending more than ever before.

  • Egyptian Economy
    Egypt business activity grows at near-record pace in September: PMI

    Business activity in Egypt expanded at a near-record pace in September, a survey showed on Tuesday, with a nascent economic recovery encouraging companies to hire for the first time in nearly 2-1/2 years.

  • Non-oil Growth
    Saudi September Non-Oil Business Growth Fastest In Over 3 Years

    Non-oil private business activity in Saudi Arabia grew at the fastest pace in over three years last month, buoyed by strong expansions in new orders and employment, a survey showed on Tuesday. The SABB HSBC Saudi Arabia Purchasing Managers’ Index climbed to a seasonally adjusted 61.8 points in September, its highest level since June 2011, from 60.7 points in August, remaining far above the 50 line denoting growth.

  • NCUSAR
    Nasdaq keen to boost Mideast business links

    In an unprecedented move, Nasdaq, New York’s Stock Exchange, invited John Duke Anthony, president of the National Council on US-Arab Relations (NCUSAR) along with a delegation from Qatar, led by Qatar’s Economy and Commerce Minister Sheikh Ahmed bin Jassim Al-Thani, to ring the opening bell at the Nasdaq MarketSite in Times Square.

  • Women Driving
    Saudi businesswoman and member of a human rights group fined for driving herself to hospital

    A female member of a Saudi human rights organisation was reportedly fined by police after she drove herself to hospital. Aliyah Al Farid, a businesswoman and member of the National Society for Human Rights (NSHR), suffers from a chronic condition which means she is occasionally forced to visit hospital.

  • Business Outlook
    Saudi Arabia, UAE lead best business outlook in emerging markets

    Increasing external and domestic demand has led to the high PMI levels, with growth in new export orders hitting a record high and credit growth picking up for the first time in the last five years. Although the recent improvement in global economic conditions has reinforced the Saudi Arabian and the UAE economies, their domestic sectors are playing a major role behind the countries’ stabilities, both consumer and corporate led.