Month: November 2017

Third quarter profit of 209.62 million Dar Al Arkan sells assets and raises non-operating profit

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Reading time: < 1 MinuteDar Al Arkan Real Estate Development revealed that its net profit increased by 86.38%, compared to the same quarter of 2016, and according to the company's statement on Tadawul, the company's profits during the third quarter jumped to 209.62 million riyals in the third quarter of this year, compared to 112.47 million riyals for the same period last year. The company's profits jumped to SAR 209.62 million in the third quarter of this year, compared to SAR 112.47 million for the same period last year. Read more

Muhammad al-Sa'ab: Housing Ministry must resolve landlord issues to inject real estate products. He calls for a reassessment of white land prices

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Reading time: < 1 Minute  Mr. Mohammed bin Abdullah Al Saab, CEO of Zood, called on the Ministry of Housing to reconsider the evaluation of white land prices according to market data and economic indicators every six months, in line with the decisions taken by the Council of Ministers to re-evaluate real estate in terms of price. In an interview with CNBC Arabia, Al-Saab emphasized that this ... Read more

66 speakers at Aspar International Forum 2017 discuss the evolution of technology and human capital Ibtikar Exhibition showcases projects

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Reading time: 2 MinutesUnder the theme “Creativity and Innovation in the Context of the Knowledge Economy (Fourth Industrial Revolution)” The second session of the Aspar International Forum 2017 kicked off yesterday evening in Riyadh in the presence and patronage of Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh, with the participation of 66 local and international speakers, representing government leaders, leading companies, innovators and entrepreneurs, and the forum continues for 3 days to discuss investment ... Read more

Saudi specialized consortium signs MoU to develop aerospace industry and build national technical capabilities

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Reading time: < 1 MinuteThe alliance of Saudi companies specialized in the aerospace industry yesterday signed a memorandum of understanding (MoU) aimed at creating cooperation and building Saudi industrial capabilities specialized in the aerospace industry and aircraft and supports projects to localize the aerospace industry in Saudi Arabia in line with the Kingdom's vision to raise the percentage of local industrial content to 50% by 2030. The memorandum of understanding was signed by ... Read more

Supply Chain Conference: Saudi Arabia is implementing a strategic plan as a global logistics platform to connect the three continents

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Reading time: 2 MinutesHis Excellency the Minister of Transport, Dr. Nabil Mohammed Al Amoudi, inaugurated yesterday the “Supply and Supply Chains Conference” organized by the Ministry with the participation of a number of officials and decision makers, a group of experts and specialists in the field of supply and supply, representatives of major local and international companies, in addition to those interested in logistics and supply operations from inside and outside the Kingdom, and an exhibition in which major entities and companies with ... Read more

Minister of Commerce during the Youth Business Forum: A special committee to prevent government companies from competing with the private sector

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Reading time: 2 MinutesThe Minister of Trade and Investment, Dr. Majid Al-Qasabi, revealed that a committee is currently studying the establishment of criteria for government agencies that establish companies whose most important conditions are not to compete with the private sector, and called during his meeting with entrepreneurs within the Youth Business Forum organized by the Chamber of Commerce and Industry, youth committees to communicate with the ministry with their proposals and visions and develop an action plan in this regard, noting that each ... Read more

Bank Al Jazira trains 145 professionals in cooperation with the Pioneer Summits Institute in Jeddah 

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Reading time: < 1 Minute  Bank Al Jazira, through its social responsibility activities, represented by the Al Jazira Benevolence Program, in cooperation with the Pioneer Summits Institute, held the closing ceremony of the “Ata” training program in Jeddah. The program aims to train one hundred and forty-five specialists and families of children with autism spectrum disorder and families of children with mental disabilities and how to deal with them in Medina, Jeddah and Taif for a period of three months by an elite ... Read more

Al Rajhi Bank launches centralized payments and remittance system and enhances operational efficiency

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Reading time: < 1 Minute Al Rajhi Bank has recently launched a centralized payments system in collaboration with Accenture, an achievement that adds to the bank's efforts to modernize its ongoing programs by finding integrated solutions in providing comprehensive technological and digital services to companies and the business sector. The new payments system aims to maintain Al Rajhi Bank's leadership in the payments and transfers market in the Kingdom of Saudi Arabia, as the system will provide a solution ... Read more

Goal confirms: More than 120,000 companies and establishments participate in the "Supporting the Growth of Emiratization of Enterprises" program  

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Goal - Investment Projects - Employment

Reading time: < 1 MinuteThe number of companies and establishments that participated in the program (supporting the growth of localization of enterprises) increased, according to the latest statistics of the program, and the Human Resources Development Fund (Hadaf) confirmed that the program contributes to achieving the targets of the Kingdom's Vision 2030, and raising the participation rate of Saudis and Saudi women in the labor market. The official spokesperson for the Ministry of Labor and Social Development and the Human Resources Development Fund (HADAF), Abul Khail ... Read more

E-commerce revenues rise to $3.8 trillion. Growth in emerging markets is accelerating

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E-commerce

Reading time: 2 MinutesSpecialized data issued by the Communications and Information Technology Commission (CITC) showed that e-commerce markets have achieved rapid growth supported by the increasing shift from traditional shopping to online and mobile shopping, with e-commerce transactions between consumers and businesses reaching $3.8 trillion in 2016, CITC's report indicated that e-commerce markets in the Middle East ... Read more

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