Month: November 2019

Saudi Arabia, Bahrain and Kuwait trade ministers: The private sector must move quickly to keep pace with the transformations of the Fourth Industrial Revolution

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Investment

Reading time: 3 MinutesThe participation of the trade ministers of Saudi Arabia, Bahrain, and Kuwait highlighted the need for the region’s economic policies to adapt quickly to the changes brought about by the Fourth Industrial Revolution and to keep pace with artificial intelligence by promoting private-sector leadership and fostering the values of innovation and creativity among Arab youth. This came during their participation in the closing sessions of the 18th Conference of Arab Business Owners and Investors, held in … Read more

Princess Doaa bint Mohammed participates in the Arab Week for Sustainable Development in Cairo and calls for education for the future

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Reading time: 3 MinutesHer Highness Princess Doaa bint Mohammed, Supreme President of the Arab Women’s Foundation and President of the Friends“ Forum Academy for Education, Children, Skills Development, and Creativity in the Kingdom of Saudi Arabia, participated in the ”Arab Sustainable Development Week“ under the theme ”An Integrated Partnership for a Sustainable Future,” in collaboration with Egypt’s Ministry of Planning, Reform, and Follow-up, the United Nations, the World Bank, and the European Union. (Investment projects … Read more

Saudi Electricity Middle East kicks off on November 19, highlighting digital transformation in the sector

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Projects

Reading time: 4 MinutesOn November 19, Riyadh will host the Saudi Middle East Electricity Conference and Exhibition, which will run through November 21 at the “Riyadh International Convention and Exhibition Center,” with significant local and international participation. The launch of the event’s second annual edition coincides with the Saudi Electricity Company’s efforts to introduce numerous initiatives and investment opportunities in the energy sector, as well as its efforts aimed at rehabilitating the capabilities … Read more

Minister of Trade and Investment: The Fourth Industrial Revolution threatens 800 million people who will lose their jobs in 10 years

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Investment

Reading time: 2 MinutesDr. Majid Al-Qasabi, Minister of Commerce and Investment, during his participation in the closing day of the 18th Conference of Arab Business Owners and Investors, held in the Kingdom of Bahrain with the participation of a number of Arab ministers and officials, called for strengthening future-oriented skills, promoting technology and innovation, and institutionalizing a culture of digital transformation to address the challenges and concerns posed by the Fourth Industrial Revolution across the Arab region and the Middle East… Read more

The world awaits Aramco's IPO tomorrow. 13 banks participating in the IPO. Cash distributions over five years

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Aramco Shares - Economy - Aramco IPO

Reading time: 3 MinutesThe world is awaiting tomorrow’s largest initial public offering (IPO) on the Saudi and global markets, as the stock market will see the start of the IPO for «Saudi Aramco.» The company is one of the world’s largest integrated oil and gas companies, and the offering will take place following the announcement of the price range for the IPO, as stated in the offering prospectus released by the company a few days ago, which indicates that the period … Read more

30 schemes in Jazan provide 49 thousand free land The Minister of Housing calls for the completion of projects according to the required schedule and quality

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Housing projects

Reading time: 3 MinutesHis Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, inspected a number of housing projects and free land allocation plans in the Jazan region, and was briefed on the progress of work there, emphasizing the need to complete them on schedule and to the appropriate quality standards in preparation for their handover to citizens benefiting from the “Sakani” program, as well as the need to apply the highest standards to provide diverse housing options that meet citizens’ expectations and align with their preferences. … Read more

Eastern Province's Investment and Revenue Development Agency receives praise for its participation in the Arab Business Owners and Investors Conference in Bahrain

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Investment

Reading time: 2 MinutesWith great success and praise from officials and visitors, the Investment and Revenue Development Agency participated in the 18th edition of the Arab Business Owners and Investors Conference in Bahrain, During the conference, Abdulhakim Al-Ammar Al-Khalidi, President of the Eastern Chamber, praised the Agency’s distinguished presence and its sophisticated presentation of its diverse projects supporting youth; this came during his meeting with the Project and Initiatives Coordinator, Engineer Omar Al-Otaibi. (Investment … Read more

Raghadan Paints completes preparations to launch its trade show in Riyadh's Al Marsalat neighborhood This evening

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Building materials

Reading time: 2 MinutesRaghdan Paints has completed preparations for the opening of its trade show in the Al-Mursalat neighborhood of Riyadh, scheduled for this Thursday evening at exactly 7:15 p.m. The show will feature all products from the Raghdan Paints factory, as well as products from international companies specializing in construction and finishing that have strong relationships and partnerships with the company. (Building Materials) On this occasion, Ms. Aisha Raghadan revealed that … Read more

"Riyadh: The Sustainable City" forum discusses the impact of major quality projects in the city

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Riyadh projects

Reading time: 3 MinutesWith the participation of more than 60 international experts from leading global academic and research institutions, the “Riyadh: The Sustainable City” forum kicked off yesterday, Tuesday. Organized by the Royal Commission for Riyadh City, the forum aims to highlight the importance of Riyadh’s four major projects— (King Salman Park, the Sports Trail, Green Riyadh, and Riyadh Art), which were launched by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz—may God support him… Read more

The Real Estate Fund deposits 1.36 billion riyals in the accounts of «Residential» beneficiaries»

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Real Estate Fund - Real Estate Finance

Reading time: 2 MinutesThe Real Estate Development Fund announced that it had deposited 1.36 billion riyals into the accounts of beneficiaries of the «Sakani» program, run by the Ministry of Housing and the Fund, last October, In a press release, the Fund stated that 235 million riyals were allocated to subsidize the profits from subsidized mortgage contracts, while 1.13 billion riyals went to beneficiaries of the initiative supporting active-duty military personnel. (Mortgage Financing) … Read more

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