Business & Money | Sunday 30 June, 2019 11:59 am

Committee formed to implement King's youth funding program

In implementation of the Royal directives to develop an integrated funding program to support small and medium-sized enterprises (SMEs) for young people, Prime Minister, Omar Razzaz, decided to form a steering committee, headed by Deputy Prime Minister and Minister of State, Rajai...

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Business & Money | Sunday 30 June, 2019 11:54 am

Deputizing for Crown Prince, Razzaz inaugurates digital economy development forum in Mashreq countries.

Deputizing for Crown Prince Al Hussein Ben Abdullah, Prime Minister, Omar Razzaz, launched the Digital Economy and Entrepreneurship Development in Mashreq countries, organized by the Ministry of Digital Economy and Entrepreneurship in cooperation with The World Bank. The two-day forum will see...

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Business & Money | Sunday 30 June, 2019 11:46 am

Aqaba's "logistics city" project 1st stage launched

Director of the Golden Triangle Investment Company in Aqaba, Obeid Yassin, said the first phase of the Golden Triangle Logistics City, which provides a 260,000-square-metre building and additional 140,000-square-metre areas for customs services in accordance with best global practices, has begun...

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Business & Money | Sunday 30 June, 2019 11:34 am

wasl properties continues to cater to mid-income earners

wasl properties, a subsidiary of wasl Asset Management Group, announced the launch of its ‘wasl oasis III’ development into the market. The project, located in Muhaisnah, will offer 253 units and comes as part of wasl’s strategy to provide affordable housing options in established ...

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Business & Money | Sunday 30 June, 2019 11:30 am

Abu Dhabi Fund for Development Allocates AED1.8 Million to Support Biological Diversity Research

Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has earmarked a grant worth AED1.8 million (US$500,000) to support the North-Eastern Federal University (NEFU) in Yakutsk, Russia.  Aiming to facilitate scientific research and molecular...

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Business & Money | Sunday 30 June, 2019 6:24 am

Spotlight on $30bn franchise in the Middle East market

With a market value of $30 billion and an annual growth rate of 27 percent, franchising is the fastest-growing non-oil sector in the Middle East region, according to Munir Mohammed Nasser, chairman of the Madinah Chamber of Commerce and Industry.  Nasser was speaking at the World Franchise...

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Tourism & Hospitality | Sunday 30 June, 2019 5:23 am

Saudi Haj Ministry allocates 230,000 seats for domestic pilgrims

As many as 230,000 seats with service providers have been specified for Saudi nationals and expatriate residents wishing to perform the upcoming Haj pilgrimage, the Ministry of Haj and Umrah has announced. The ministry said the reservation of the seats would start on Thursday through the...

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Tourism & Hospitality | Sunday 30 June, 2019 5:13 am

Taif Season set to open on Aug. 1 with eight countries participating

The Taif Season will open on Aug. 1 within the Saudi Seasons tourism initiative with at least seven other countries participating. The event will consist of three major sections, which are the annual Souq Okaz festival, a camel race and various tourist activities. Taif Governor Mohammed Bin ...

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Business & Money | Sunday 30 June, 2019 5:10 am

Japan: Fast becoming Saudi students’ favorite destination

Japan is one of the most popular foreign countries for young Saudis. A love of anime and manga, a myriad of cultural similarities, and a surge in the popularity of J-Pop, cosplay, and Lolita fashion are all reasons why Japanese culture has such strong roots in the Kingdom, so it is no surprise...

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Government | Sunday 30 June, 2019 4:57 am

G20 Summit Concluded, Stressing Work to Enhance Global Economic Growth

Japanese Prime Minister Shinzo Abe, who was chairing the current session of G20 summit, stressed that the group will work to enhance global economic growth, expressing full confidence that the next G20 summit, set to take place, in the Kingdom of Saudi Arabia, will be a great success. In a press...

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