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“Industrial Fund” announces the details of the expansion of its financing activity to include a number of new and promising sectors

Riyadh 29-Sep-2019 His Excellency the Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Industrial Development Fund, Mr. Bandar bin Ibrahim Al-Khuraif, today sponsored the launch of financial services and products After the amendment of the Fund’s Articles of Association under the slogan …

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The Kingdom opens its doors to tourists from all over the world by launching the tourist visa and announces the attraction of 115 billion riyals

Riyadh 27 -9-2019 SPA The Kingdom announced the opening of its doors to tourists from all over the world and the launch of the e-tourist visa, during a ceremony organized by the General Authority for Tourism and National Heritage today in Riyadh. The event, which coincided with World Tourism Day, …

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The Saudi Minister of Municipal and Rural Affairs issues a decision to establish the Municipal Center for Digital Transformation to accelerate the pace of technical work in the municipal work system

Riyadh 26 -9-2019 \ SPA His Excellency the Minister of Municipal and Rural Affairs in charge of Dr. Majed bin Abdullah Al Qasabi issued a decision to establish an organizational unit called (Municipal Center for Digital Transformation) in the Ministry to unify digital and technical works in the municipal sector. …

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SAMA reduces REPO, REVERSE REPO

Riyadh, September 18, 2019, SPA The Saudi Arabian Monetary Authority (SAMA) has reduced the REPO rate by 25 basis points from 2.75% to 2.50% and the REVERSE REPO rate by 25 basis points from 2.25% to 2.00%. The decision is consistent with SAMA’s objective of preserving Monetary Stability amid evolving …

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