Economy
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YORK Outlines Precautionary Measures for Workplaces amid COVID-19
With the easing of restrictions in Saudi Arabia, and life gradually returning to normal, employees across all sectors have started going back to their...
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Bahri operates cargo flights to transport medical equipment and supplies to KSA
In continuation of its ongoing efforts to support the Ministry of Health’s initiatives to contain and combat COVID-19 and as part of its SAR 10 millio...
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MAWANI Launches 4th Shipping Line in 2020
In partnership with DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, Saudi Ports Authority (MAWANI) has launch...
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KING ABDULLAH PORT WELCOMES WORLD’S LARGEST CONTAINER SHIPS
Marking their first voyage to Saudi Arabia, mega container ships MSC Gulsun, MSC Mia and MSC Sixin recently docked at King Abdullah Port in the same w...
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Aramco Completes its Acquisition of a 70% Stake in SABIC from the Public Investment Fund
Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public...
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Apple’s App Store ecosystem facilitated over half a trillion dollars in commerce in 2019
Apple today announced the App Store ecosystem supported $519 billion in billings and sales globally in 2019 alone. The new study, conducted by indepen...
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Emirates to lay off more pilots, cabin crew on Wednesday
Emirates, one of the world's biggest long-haul airlines, will lay off more pilots and cabin crew on Wednesday (Jun 10), sources said, in what would be...
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Wego and German National Tourist Office, Gulf countries join hands to bring the best of Germany to GCC travellers
Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), partners with the German National Tourist Office, Gulf countri...
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CFKC Held a Webinar - Enabling the Saudi Economic Ecosystem in Response to the COVID-19 Pandemic
The Communication and Financial Knowledge Center (CFKC) (a MOF Initiative) held a webinar entitled “Ena-bling the Saudi Economic Ecosystem in Response...
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Samba launches instant credit card issuance service online
As part of its commitment to serve customer needs faster and more conveniently through its 24-hour electronic banking channels, Samba Financial Group...
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AMAALA’s Triple Bay Construction under Supervision of Saudi Arabian Parsons
AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coast, appointed Saudi Arabian Parsons Limited (Parsons), who, followin...
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Saudi Aramco Announces End of Bonus Shares Holding Period
Saudi Arabian Oil Company announced that the eligibility period for entitlement to receive bonus shares (180 days), as highlighted in section 18.1.6 o...
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SAMA: With Growth 95%.. 89,345 New Mortgages Loans for Individuals until April 2020
The monthly report issued by The Saudi Arabian Monetary Authority "SAMA" revealed that residential new mortgages for individuals until April 2020 reac...
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KPMG: M&A activity in GCC region to gain pace amid Covid-19
Merger and acquisition (M&A) activity in Saudi Arabia and other Gulf countries are expected to increase amid the Covid-19 pandemic as small and medium...
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Renewables Increasingly Beat Even Cheapest Coal Competitors on Cost
Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Ag...
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Mohammed bin Salman: three years of remarkable performance
Ramadan 26 of this year, recorded a memorable memory in the history of Saudi Arabia and in the minds of its citizens, because it has marked three year...
