Month: July 2018

“SABIC achieves SAR 6.7 billion profit in the second quarter of 2018

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SABIC

Reading time: 3 MinutesThe Saudi Basic Industries Corporation (SABIC) posted net income of 6.7 billion riyals in the second quarter of 2018, compared to 3.71 billion riyals in the same period of the previous year, an increase of 81 % compared to 5.51 billion riyals in the previous quarter, an increase of 21.6 %. Total profit reached 15.86 billion riyals from the company’s operations for the second quarter of … Read more

The Development Bank Approves Funding for 240 Projects Worth 46 Million Riyals Across Several Development Sectors

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Social Development Bank

Reading time: 2 MinutesThe Social Development Bank finalized applications for financing a number of development projects across all regions of the Kingdom during the month of Shawwal of 1439 AH, approving financing for 240 startup and small projects across the Kingdom with a total value of 46 million riyals. This is part of the Bank’s role in empowering small and startup projects through its financial and non-financial products and services… Read more

“Energy”: Rumors circulating on social media about changes to electricity rates are unfounded

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Electricity

Reading time: < 1 MinuteThe Ministry of Energy, Industry, and Mineral Resources clarified that there is absolutely no truth to the rumors currently circulating on social media regarding any change to electricity rates. The ministry confirmed that a change to the current rates is not under consideration. The ministry stressed the need for caution before publishing or sharing such misinformation, and urged everyone to verify the accuracy and credibility of news from … Read more

Within two weeks... 942 villas under construction in the “Al-Qatif” project were fully booked”

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Reading time: 2 MinutesThe Ministry of Housing announced that reservations for all residential units in the “Manazil Al-Qatif” housing project in Al-Qatif Governorate have been filled, less than two weeks after the project’s launch. In a press release, the ministry explained that reservations for all 942 townhouse units in the project have been filled, confirming that it has begun the process of signing final contracts with … Read more

Sunday... The “Blockchain 2018” Conference Kicks Off in Bahrain, Sponsored by Amlak Newspaper

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Reading time: < 1 MinuteThe 2018 Global Blockchain Conference will take place in the Kingdom of Bahrain, with media sponsorship from Amlak Real Estate Newspaper, from July 29 to 30 at the Sofitel Zallaq Hotel in Manama. The conference will be held under the patronage of His Excellency Mr. Mohammed Al-Qaid, CEO of the Information and e-Government Authority, and will be attended by businesswoman and CEO of “Engot Coin” Iman Mutlaq, as well as a number of senior … Read more

Dubai to host Global Franchise Exhibition and Forum next December

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Reading time: < 1 MinuteOn December 5 and 6, the Dubai International Convention and Exhibition Center will host the third edition of the Global Franchise Expo and Forum, bringing together business leaders, decision-makers, and pioneers in the field of franchising from the region and around the world. The exhibition and forum will offer a number of business opportunities, with more than 100 brands from 80 countries around the world participating. This year’s event will feature… Read more

The City of Riyadh Meets 31 Global Indicators for the Quality and Development of E-Services

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Hotel rooms

Reading time: 2 MinutesThe city of Riyadh ranked 30th—in the high-ranking group—in a pioneering e-government assessment study conducted by the United Nations on the websites of 40 cities worldwide, with the aim of improving urban resilience and sustainability through e-government. The study identified 60 LOSI indicators covering the technical aspects and content of municipal and secretariat websites, as well as the provision of e-services, … Read more

Government committee formed to solve all challenges and obstacles to Saudi exports

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Reading time: < 1 MinuteThe Saudi Export Development Authority has launched the “Export Challenges” service to support exporters and identify the domestic and international challenges and obstacles they face, and then to study and analyze these challenges, find effective solutions to address them, and ensure they do not recur, in cooperation with relevant government agencies. Exporters can report any challenges they encounter during the export process through the agency’s online portal, which is then studied and analyzed … Read more

Ministry of Energy Opens Bids for the Dumat al-Jandal Wind Power Project

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Reading time: 2 MinutesThe Office for Renewable Energy Project Development, affiliated with the Ministry of Energy, Industry, and Mineral Resources, announced the opening of bid envelopes for the 400-megawatt Dumat Al-Jandal project in the Al-Jawf region, It is the Kingdom’s first wind power project and the second tender issued by the Ministry as part of the National Renewable Energy Program. The project is part of efforts to diversify energy sources and achieve sustainable growth … Read more

“The Ministry of Housing Launches the Second Phase of the ”A’ali Jeddah“ Project to Provide 10,000 Housing Units

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Reading time: 2 MinutesThe Ministry of Housing announced the launch of the second phase of the “A’ali Jeddah” project, located in the Prince Fawaz neighborhood in southern Jeddah, confirming that reservations for the first phase have been completed, with 1,370 confirmed reservations for residential units in the project. In a press release, the ministry explained that the project’s capacity had been increased to accommodate all eligible beneficiaries for this project, calling on those interested … Read more

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