Discusses the application of smart cities. International Road Federation's Middle East Regional Conference opens

Reading time: < 1 Minute  Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Fourth International Road Federation (IRF) Middle East Regional Conference, organized by the Ministry of Transport in cooperation with the International Road Federation (IRF), will open today for three days at the King Faisal Conference Hall at the Intercontinental Hotel in Riyadh. The Ministry of Transport's Undersecretary for Roads and Chairman of the Organizing Committee ... Read more

“Al Ahli opens specialized mortgage centers in Riyadh and Jeddah

Reading time: < 1 Minute  To complement the advanced services it provides to its customers, Al Ahli Bank recently opened its first two specialized real estate finance centers in Dahra Laban neighborhood in Riyadh and Abhar Al Shamaliya neighborhood in Jeddah, which offer all Al Ahli Real Estate Finance services and products, including integrated real estate financing solutions and assistance in finding residential properties that meet the aspirations and requirements of its various customers, and these two centers are considered one of ... Read more

EU ambassadors briefed on the Kingdom's facilities to attract foreign investments

Reading time: < 1 MinuteThe Investment Commission (KDIPA) reviewed yesterday during the introductory meeting for representatives of the embassies of the European Union member states accredited to the Kingdom and commercial advisors the decisions supporting the attraction of foreign investments and the facilities taken by the Kingdom's government, especially the decision of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - on reviewing all regulations and procedures to facilitate the entry of companies ... Read more

Ministry of Commerce officially joins the International Electronic Financial Statements Filing Organization

Reading time: < 1 MinuteThe Ministry of Commerce and Industry (MCI) has announced that it has joined the International XBRL Organization (XBRL) to keep pace with the best practices and international developments in the field of e-government in order to enhance the country's economy and better serve its customers. Read more

  Experts and analysts expect the real estate and hospitality sectors to lead investment activity in the GCC

Reading time: 2 MinutesThe results of the first CFA Institute survey indicate that the economic outlook for 2016 is unclear, with the vast majority of respondents (81%) expecting GCC economies to be impacted by lower global oil prices. However, despite this uncertainty, the possibility of a value-added tax on sales and the fate of human resources will dominate the economic landscape.” ... Read more

The Saudi Investment Bank increases its capital to seven billion riyals

Reading time: < 1 MinuteThe Board of Directors of The Saudi Investment Bank recommended to the Extraordinary General Assembly, and after obtaining the approval of the competent authorities, to increase the bank's capital from SAR 6,500 million to SAR 7,000 million by an increase of 7.7% by granting one free share for every 13 existing shares, thus increasing the number of shares from 650 million shares to ... Read more

220 thousand companies under the umbrella of the Arab Contractors Union, and six companies listed in the global rankings

Reading time: 2 Minutes  The President of the Arab Contractors Union, Fahad Mohammed Al-Hammadi, launched the first Arab contracting company to be offered for subscription with a value of one million dollars for the installation of telephone towers, and all companies affiliated with the Arab Contractors Union are entitled to apply for work in accordance with the conditions and regulations governing work. During the activities of the Construction and Infrastructure Projects Forum, which was held in ... Read more

(BCI inducts Mobily into the Business Continuity Hall of Fame“

Reading time: < 1 Minute  Mobily has been inducted into the Business Continuity Hall of Fame by the Business Continuity Institute (BCI) in London, the first telecommunications company in the world to be awarded this distinction in recognition of the maturity of its business continuity program. The selection came in recognition of the company's outstanding efforts, represented by the Risk and Business Continuity Department, to maintain business continuity even in ... Read more

“SABB introduces financing products during Islamic Banking Solutions Seminars in Riyadh and Khobar

Reading time: < 1 Minute  The Saudi British Bank (SABB) presented a specialized presentation on the latest innovative financing products and solutions that corporate clients can benefit from, such as working capital financing solutions, capital expansions, trade and catering solutions, and Shari'ah-compliant treasury products. This came during two seminars on Islamic banking organized by the bank in Riyadh and Al Khobar under the title of ... Read more

Jeddah Chamber of Commerce and the British Trade Commission discuss boosting investment between the two countries

Reading time: < 1 Minute  The Jeddah Chamber and a group of investors and businessmen discussed with the Middle East Group delegation representing the British Trade and Investment Authority, headed by Counselor David Lloyd, ways to build joint projects with the Saudi private sector in various service and investment fields, during a meeting between Jeddah Chamber Board Member Imad Al-Muhaidib and Deputy Secretary General of the Chamber Eng... Read more