Report cites job stability, higher wages for Saudi workers

In a time when the Saudi economy is struggling, there is some glimmer of light for Saudi workers, particularly native citizens. A study by the Korn Ferry Hay Group shows big increases across the board for salaries in some industries, such as high technology and transportation and logistics. The study also found that over half of Saudi nationals have held the same job for at least five years. Read More »

Starwood plans to open new Sheraton in Makkah

Starwood Hotels & Resorts Worldwide recently said it plans to expand its presence into Saudi Arabia with a new Sheraton planned in Makkah. “Makkah has been a particular focus for Starwood growth, with Sheraton being one of three brands to make its entrance into the market in the next year,” Michael Wale, president of Starwood Hotels & Resorts Europe, Africa and Middle East, said. Read More »

Dubai-based Biologix FZCo. to distribute leukemia drug in the Middle East

ARIAD Pharmaceuticals recently entered into a deal that gives Dubai-based Biologix FZCo. the rights to distribute blood cancer drug Iclusig throughout numerous countries in the Middle East and North Africa (MENA) region. Under the distribution deal with ARIAD, Biologix can commercialize the drug in Bahrain, Kuwait, Lebanon, Oman, Saudi Arabia, Qatar and United Arab Emirates. Read More »

GCC countries' plans to implement value-added tax putting businesses in bind

Gulf Cooperation Council nations are planning a radical shift in tax policy, with the U.A.E. and Qatar as early adopters of a new value-added tax (VAT), and Kuwait, Saudi Arabia, Oman and Bahrain planning to implement the tax within two years. The pending tax policy is shaking up the accounting market as businesses scramble to secure the personnel they will need to complete paperwork. Read More »

Starwood Hotels to open St. Regis Dubai in Palm Tower

Starwood Hotels & Resorts Worldwide Inc. signed a deal with Dubai developer Nakheel for a new hotel in Jumeirah Island's Palm Tower. The St. Regis Dubai, The Palm, expected to open in 2018, will be the fifth St. Regis hotel in the UAE. The first 18 stories of the 52-story Palm Tower will feature 289 rooms and suites while the upper floors will offer 504 luxury apartments. Read More »

New Four Points by Sheraton to open next year in Mecca

Next year will see the opening of a new luxury Four Points by Sheraton hotel in Mecca, which will be the largest hotel operated by the brand in the world. Starwood Hotels & Resorts Worldwide, which operates the Four Points by Sheraton chain of four-star hotels, is working with the Sulaiman Abdulaziz Al Rajhi Real Estate Investments Company to develop the hotel in Mecca. Read More »

EMC Egypttoday announces new vice president

Per a recent announcement, Mohamed Talaat has been named the new vice president for EMC Egypttoday, as a result of which he will be gaining responsibility for the Saudi Arabia, Turkey, Egypt and Libya coverage areas; Talaat will be based out of Riyadh and will be responsible for the company's strategy to strengthen both the business environment and overall economic opportunities in each of these countries. Read More »

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