Business & Money | Sunday 12 August, 2018 8:16 am

Saudi tourism authority to inaugurate youth business projects in Jeddah

The Saudi Commission for Tourism & National Heritage (SCTH) in Makkah will inaugurate on Sunday a tourist accommodation project for young business people, supported by the Social Development Bank and the Tourism Authority in Jeddah. Mohammed Al-Omari, SCTH’s director general in Makkah,...

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Business & Money | Sunday 12 August, 2018 5:24 am

ALJ, Kosei and NICDP in MoU to drive investment in Saudi car manufacturing sector

Abdul Latif Jameel (ALJ) and Japanese company Kosei Aluminium (Kosei) have signed a Memorandum of Understanding (MOU) with the National Industrial Clusters Development Program (NICDP), driving foreign investment into Saudi Arabia’s auto manufacturing sector. The MOU seeks to explore the...

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Business & Money | Saturday 11 August, 2018 2:51 pm

Joint ministerial group sign accord for stronger Saudi-New Zealand cooperation

A Saudi and New Zealand joint ministerial group ended a two-day series of meetings in Auckland on Friday with an agreement to strengthen cooperation between the two countries. The committee’s minutes were signed by Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli, and New ...

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Business & Money | Saturday 11 August, 2018 3:51 am

50 scholarships granted to Pakistani students to study in Saudi universities

Saudi Arabia’s Ambassador to Pakistan Nawaf Al-Maliki announced that 50 scholarships have been allocated for Pakistani students to study in Saudi universities, according to the Saudi Press Agency. The announcement came during his meeting with Senate Chairman Muhammad Sadiq Sanjrani in...

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Business & Money | Friday 10 August, 2018 5:04 am

Abdul Latif Jameel and Japan’s Kosei Aluminum Sign MOU with the National Industrial Clusters Development Program

Abdul Latif Jameel (ALJ) and Japanese company Kosei Aluminium (Kosei) have signed a Memorandum of Understanding (MOU) with the National Industrial Clusters Development Program (NICDP), driving foreign investment into Saudi Arabia’s auto manufacturing sector.    The MOU seeks...

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Business & Money | Friday 10 August, 2018 1:14 am

Mastercard continues to support KSA’s cashless drive with new multi-layered security payment solution for mobile: mada Pay

Continuing its efforts to advance Saudi Arabia’s payments ecosystem, Mastercard, a leading technology company in the global payments industry, has partnered with mada, the domestic payment network, to launch the mada Pay mobile payment wallet.    The wallet solution is the...

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Business & Money | Thursday 9 August, 2018 7:33 am

NAMA Women’s First Networking Forum in Brazil Draws over 100 Business Women and Leaders

More than 100 Brazilian and Arab figures in business, diplomacy, and women’s development came together at a first-of-its-kind networking event in São Paulo, Brazil, hosted yesterday (Tuesday) by a leading UAE-based women’s organisation, the NAMA Women Advancement Establishment...

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Business & Money | Thursday 9 August, 2018 7:03 am

Saudi total revenues soar by 67%% in Q2

The Saudi Ministry of Finance published Wednesday the second quarter (Q2) budget performance report which showed, among others, that total revenues reached SR273.588 billion in Q2, an increase of 67% year-on-year. Q2 non-oil revenues reached SR89.423 billion, an increase of 42%...

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Business & Money | Thursday 9 August, 2018 5:07 am

IDC's CIO Summit Returns to the Kingdom Next Month

International Data Corporation (IDC) is delighted to announce that its annual Saudi Arabia CIO Summit will this year take place at Jeddah’s InterContinental Hotel on September 26-27. More than 100 of the Kingdom's most influential information and communication technology leaders will be...

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Business & Money | Thursday 9 August, 2018 4:12 am

The Deloitte “VAT in the GCC guide” mobile app in Arabic

Deloitte has released its latest version of the "VAT in the GCC guide" mobile app in Arabic for the first time, making it available in both English and Arabic. The app is accessible to the public to download, and is designed to help businesses to better understand VAT and its impact,...

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