Month: November 2014

Saudi Arabia's investment fund assets rise to 121.5 billion

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Reading time: 2 MinutesAs of the end of the third quarter of 2014, investment fund assets in Saudi Arabia rose by approximately 1.5 trillion riyals to reach about 121.54 billion riyals, compared to approximately 115.92 billion riyals at the end of the second quarter of 2014. The increase in investment fund assets at the end of the third quarter of 2014—as shown by the updated quarterly data published by the Saudi Arabian Monetary Authority—followed a rise in domestic fund assets of approximately 6 … Read more

The Second Saudi Conference and Exhibition Forum Kicks Off Next Sunday

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Reading time: < 1 MinuteThe Second Saudi Conference and Exhibition Forum, organized by the Saudi Conference and Exhibition Program under the main sponsorship of the General Authority for Tourism and Antiquities, will kick off next Sunday in Riyadh at The Ritz-Carlton Hotel from the 16th to the 18th of Muharram, in the presence of His Royal Highness Prince Sultan bin Salman bin Abdulaziz, President of the General Authority for Tourism and Antiquities and Chairman of the Supervisory Committee … Read more

Abdulaziz bin Abdullah honors the winners of the Entrepreneurship Awards Today

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Reading time: < 1 MinuteHis Royal Highness Prince Abdulaziz bin Abdullah bin Abdulaziz, Deputy Minister of Foreign Affairs and Chairman of the Board of Trustees of the Centennial Fund, presented the Prince Abdulaziz bin Abdullah International Entrepreneurship Award to the winners in its six categories, His Royal Highness presented the 2014 Leadership Award for Entrepreneurship to Professor Muhammad Yunus, winner of the Nobel Peace Prize, at the ceremony for His Royal Highness’s International Entrepreneurship Award… Read more

Saudi Arabia is the largest smart technology market in the Gulf and the Arab world with investments of more than 5 billion riyals

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Reading time: < 1 MinuteExperts in information technology and modern smart technologies have confirmed that Saudi Arabia is the largest Arab and regional market in the Middle East, with a technology market valued at approximately 5 billion riyals, according to the latest estimates and statistics for the current year, 2014. In interviews with “Al-Riyadh,” they noted that annual spending in the Kingdom’s IT sector markets over the past five years has exceeded … Read more

Minister of Culture and Information honors Riyad Bank for its partnership and support of the Book of the Year Award

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Reading time: < 1 MinuteDr. Abdulaziz Khoja, Minister of Culture and Information, honored Riyad Bank for its partnership and ongoing support of the Book of the Year Award, as well as for the bank’s outstanding efforts to ensure the award’s continuity while maintaining its high scientific and moral standards, expressing his deep gratitude to Riyad Bank, as one of the nation’s leading financial institutions, for its sponsorship of the “Book of the Year” Award, in recognition of its social and cultural role. This took place during a ceremony… Read more

«National Water Company signed a contract with Ewan to supply water to Al Farida residential project for 7 years

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Reading time: < 1 MinuteAt its headquarters in Jeddah, the National Water Company signed a memorandum of understanding and cooperation with Ewan, under which the National Water Company will supply the residential project “Al-Farida,” which Ewan is developing in the Dhahban area north of Jeddah, with five million cubic meters of drinking water over a period of seven years, at a rate of 6 riyals per cubic meter, included in the development cost. The memorandum of understanding was signed … Read more

Alwaleed receives Canada's Deputy Minister of International Trade

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Reading time: < 1 MinuteHis Royal Highness Prince Al-Waleed bin Talal bin Abdulaziz Al Saud, Chairman of the Board of Directors of Kingdom Holding Company, received Simon Kandy, Canada’s Deputy Minister of International Trade, and the accompanying delegation, which included His Excellency Mr. Thomas MacDonald, Canada’s Ambassador to the Kingdom, and Jordan Reeves, Commercial Counselor at the Canadian Embassy. Also present at the meeting were Dr. … Read more

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