Business & Money | Sunday 17 May, 2020 1:12 pm

Raza offers rent deferrals across properties in Saudi Arabia

Raza Inc, the real estate arm of the Saudi Public Pension Agency (PPA) and a subsidiary of Al Ra’idah Investment Company (RIC), announced today a slew of relief measures for commercial clients within its property portfolio. Measures include flexible rent payments and rent deferrals for a period...

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Business & Money | Sunday 17 May, 2020 2:55 am

Kingdom issues decision to protect workers, fine violators

The Minister of Human Resources and Social Development Ahmed Bin Sulaiman Al-Rajhi has approved adding a paragraph to the table of violations and penalties, and the decision was published in the official gazette on Friday.The decision stipulates imposing a fine of SR10,000 for not complying with...

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Business & Money | Saturday 16 May, 2020 5:39 am

Minister of Industry: Despite its ferocity, Corona crisis has some long term gains for industrial sector

Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, emphasized that the novel Corona crisis will be followed by radical changes in various concepts of global trade, and that the world commercial map will change radically, which is positively reflected on the development of...

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Business & Money | Saturday 16 May, 2020 3:22 am

Dubai Customs and Spanish counterpart convene by video conference on trade and covid19

Director General of Dubai Customs Ahmed Mahboob Musabih and Pilar Giradu Porigu Director of Spanish Customs held a video meeting to discuss the latest updates about the outbreak of Covid-19 and its negative impacts on economy and the global supply chain. The two...

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Business & Money | Friday 15 May, 2020 5:38 am

#YORK HVAC System Ensures 100% Fresh Air Inside Makkah’s Grand Mosque

The Kingdom of Saudi Arabia has implemented several precautionary measures at Al-Masjid Al Haram in Makkah in the wake of COVID-19, with a temporary hold on prayers and Umrah inside the Mosque until further notice, to ensure the safety of worshipers.The General Presidency for the Affairs of the...

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Business & Money | Thursday 14 May, 2020 4:50 pm

Monshaat continues to build the capacity of Saudi SMEs through digital platforms

As a business support organization, The Small and Medium Enterprises General Authority “Monshaat” were established to organize, support and develop the Saudi SMEs sector to increase their productivity and their contribution to the GDP from 20% to 35% by 2030. The authority support SMEs via...

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Business & Money | Thursday 14 May, 2020 4:28 pm

Bahri adds new dry-bulk carrier ‘Sara’ to its industry-leading fleet

Bahri, a global leader in logistics and transportation, has announced that it has taken delivery of the new dry-bulk carrier ‘Sara.’ Built by Hyundai Vietnam Shipbuilding (HVS), a subsidiary of Hyundai Mipo Dockyard Co. Ltd. (HMD), the vessel increases the company’s fleet of dry-bulk carriers ...

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Business & Money | Thursday 14 May, 2020 4:14 am

The Visa Foundation Announces Grantee to Support COVID-19 Recovery in Central Europe, Middle East and Africa

The Visa Foundation today announced its approval of a $1.6 million COVID-19 relief grant to the Red Cross to support their COVID-19 recovery programs across Central and Eastern Europe, Middle East and Africa. The Red Cross is supporting the frontline response to the pandemic and providing critical...

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Business & Money | Thursday 14 May, 2020 3:43 am

Council of Economic and Development Affairs holds meeting via visual network

Virtually, the Council of Economic and Development Affairs held a meeting today.During the meeting, the Council reviewed a number of economic and developmental issues, including a quarterly economic presentation submitted by the Ministry of Economy and Planning which gave an account on the key...

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Business & Money | Thursday 14 May, 2020 3:31 am

Oshkosh Defense And Al Tadrea Manufacturing Company Sign Joint Venture Agreement

US-based Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, signed an agreement with Saudi Al Tadrea Manufacturing Company (TMC), creating a new Saudi majority-owned firm, Oshkosh Al Tadrea Manufacturing (OTM).  OTM will combine the manufacturing and tactical-wheeled...

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