Month: December 2015

The effectiveness of the new financing strategy reduces the levels of withdrawals from foreign reserves

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Reading time: < 1 MinuteA specialized economic report revealed that the Kingdom’s decision to keep its crude oil production unchanged could have a significant impact on its market share, It also ruled out major changes in OPEC policy at its meeting scheduled for early December, noting that OPEC will not proceed with production cuts unless producers outside the organization adopt a policy of reducing production in a way that does not affect … Read more

Stock market index rises to 115.13 points in November

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Reading time: < 1 MinuteThe Saudi stock market index closed last November at 7,239.93 points, up 115.13 points, or 1.62%, compared to the previous month’s close. The Saudi Stock Exchange (Tadawul) indicated in its monthly statistical report that the index’s performance from the beginning of the year through the end of November saw a decline of 13.12%, equivalent to (1,093.37 points), The index’s highest closing level during the month was … Read more

King Salman's Human Resources Development Program launched«

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, may God protect him, has approved the launch of the «King Salman Human Resources Development Program,» which aims to improve the quality of government employees’ performance and productivity, enhance the work environment, and prepare and develop second-tier leaders. This was announced by Minister of Civil Service Khalid bin Abdullah Al-Arj, who noted that the implementation of the King Salman Human Resources Development Program… Read more

The Alshaya family. Believes in family businesses and owns the franchise rights to more than 04 international brands

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Reading time: 2 MinutesPrepared by Dr. Waddah Al-Said. Today, on *The World of Adults*, we shine a spotlight on one of Kuwait’s most prominent figures in finance and economics: Mohammed Abdulaziz Al-Shaya, Chairman of the Board of Directors of Mohammed Hamoud Al-Shaya Company, which was founded more than a century ago in Kuwait. Today, the company holds franchise rights for more than 40 global brands and operates in … Read more

Riyadh Chamber announces the opening of candidacy for Riyadh Chamber elections

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Reading time: < 1 MinuteThe Supervisory Committee for the Riyadh Chamber of Commerce and Industry Board of Directors elections for the upcoming term (1437–1441 AH) has decided, and, pursuant to a decision by the Minister of Commerce and Industry, has opened the nomination period for membership on the Board of Directors for its next term, effective today through the end of business on Tuesday, 4/3/1437 AH, corresponding to December 15, 2015 AD. The Ministry of Commerce and Industry has specified the requirements and criteria that candidates must meet, and … Read more

Saudi-British Business Council discusses aspects of cooperation

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Reading time: < 1 MinuteThe headquarters of the Council of Saudi Chambers in Riyadh recently hosted a joint meeting of the Saudi-British Business Council, during which participants discussed areas of mutual cooperation in economic and trade fields between the two friendly nations, as well as mechanisms to support and develop these areas in a manner that meets the aspirations and wishes of the leaderships of both kingdoms and serves the interests of their peoples. The meeting addressed the importance of developing trade and investment relations between the business sectors of the two countries and accelerating efforts … Read more

Discusses the fundamentals and future of investment. Abha Investment Forum kicks off on December 23

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Reading time: < 1 MinuteThe Abha Chamber of Commerce and Industry is organizing the third edition of the Abha Investment Forum from December 23–24 under the patronage of the Governor of the Asir Region, Prince Faisal bin Khalid bin Abdulaziz, under the slogan «Toward a Stimulating Investment Roadmap,» with the participation of prominent officials and economic experts, in order to attract private-sector investment to the region. The Chamber’s Secretary-General, Abdullah Al-Zahrani, explained … Read more

«Qassim» : Accelerating tourism and investment licenses procedures

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Reading time: < 1 MinuteThe Al-Qassim Region Secretariat has taken new procedural steps to expedite the processing of tourism and investment licenses, as the Health and Professional Licensing Department at the Secretariat’s Municipal Services Agency has approved the completion of procedures for more than 100 specialized licenses directly, without referrals to other government agencies. The new procedural measures include licensing procedures for tourism, health, educational, media, andsocial and investment activities. The Secretary explained … Read more

More than 500 billion riyals worth of Riyadh's investment projects

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Reading time: < 1 MinuteTransforming the capital into a «leading global destination» by all measures will be one of the anticipated outcomes of the comprehensive, large-scale plan, which aims to support thousands of projects currently being developed across the capital.   Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, confirmed this during his meeting with the «Oxford Business Group,» adding that the draft of Riyadh’s comprehensive strategic master plan focuses on … Read more

Real Estate Fund threatens to put defaulters on the defaulters list

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Reading time: < 1 MinuteThe Real Estate Development Fund has threatened to place government employees on the «Sama» list of delinquent borrowers if they delay submitting their payroll deduction statements, The Fund has requested that a number of government agencies submit deduction data for employees who benefit from the bank’s services, in accordance with the mechanisms applied by the automated system for processing amounts deducted from government employees’ salaries in favor of the Fund, provided that the data includes the number … Read more

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