Business & Money | Thursday 11 July, 2019 12:22 pm

Dussur, Aramco and HHI to build first marine engine plant in MENA

The Saudi Arabian Industrial Investments Company (Dussur), Saudi Aramco, and Hyundai Heavy Industries (HHI) have signed a joint venture to manufacture 2-stroke and 4-stroke marine and electric power plants (EPP) engines, as well as marine pumps. The manufacturing facility will be located at Ras...

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Business & Money | Thursday 11 July, 2019 11:43 am

Jordan-Iraq forum kicks off in Baghdad

The Jordan-Iraq forum on digital transformation in the financial sector, held on Wednesday in Baghdad, is set to broaden investments between Jordanian companies and Iraq’s financial institutions, the Information and Communications Technology Association - Jordan (int@j) said on...

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Business & Money | Thursday 11 July, 2019 10:50 am

Saudi SFDA CEO Meets WHO Director General in Geneva

 CEO of the Saudi Food and Drug Authority (SFDA) Dr. Hisham bin Saad Al-Jadhey held a meeting here today with the Director-General of the World Health Organization (WHO) Dr. Dr Tedros Adhanom Ghebreyesus. The two sides discussed bilateral relations between the Kingdom of Saudi Arabia and the...

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Business & Money | Thursday 11 July, 2019 10:47 am

Uber founder takes aim at South Korea’s shared kitchen market

Chef Youm Jung-phil plans to close his restaurant in Seoul’s affluent Gangnam district this month, worn down by the rising cost of labor and rent as well as declines in the number of customers eating in. Instead Youm, who has nearly 20 years of experience in the industry, has opted to sell...

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Business & Money | Thursday 11 July, 2019 10:15 am

Saudi Arabia ranked second among G20 countries for telecoms expansion

Saudi Arabia has been ranked second among the G20 group of leading nations for the development of its telecommunication services. According to global radio spectrum allocation reports, the Kingdom made the largest breakthrough among G20 countries in terms of the amount of radio spectrum awarded...

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Business & Money | Thursday 11 July, 2019 10:15 am

Saudi Arabia’s SNAD program disburses SR90m to 4,700 beneficiaries

The SNAD Mohammed bin Salman program has announced the disbursement of more than SR90 million ($24 million) to 4,700 beneficiaries. Since its launch, the program has disbursed more than SR300 million to more than 15,000 Saudis, as part of its aim to support newlyweds, promote knowledge and...

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Business & Money | Thursday 11 July, 2019 10:10 am

Arkema to further extend its presence in the Kingdom of Saudi Arabia with the acquisition of ArrMaz

  Arkema completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining and infrastructure markets with a strong presence in Saudi Arabia. Thanks to this acquisition, Arkema will support the development of its customers in the region with top...

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Business & Money | Thursday 11 July, 2019 12:00 am

Dubai’s residential market to remain buyer and tenant-friendly

Dubai’s tenants and end-users are continuing to benefit from reduced apartment and villa sales prices, as well as a softening rental market, a trend expected to continue for the remainder of the year, according to the latest research from leading international real estate services firm,...

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Business & Money | Wednesday 10 July, 2019 12:00 pm

Local artist turns viral Shawarmer marketing campaign

The Riyadh street art scene has a surprising and highly unconventional new addition with the unveiling of a new piece of work from popular local artist and poet Abdullah Al-Othman. What makes this new piece of work so unique? It’s a 4-meter by 4-meter monument made up of more than 20,000...

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Business & Money | Wednesday 10 July, 2019 11:55 am

Saudi Arabia's Savola issues 1bn riyals sukuk

Savola Group, Saudi Arabia's largest food products company, confirmed on Tuesday it had raised 1 billion riyals ($267 million) in sukuk, or Islamic bonds, in a deal arranged by the Saudi arm of HSBC. Savola made the deal public in a bourse filing, confirming what sources familiar with the...

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