Media IN Riyadh May, 16 2019 Economic reforms in Saudi Arabia have started to yield positive results, with non-oil growth picking up and female labour force participation and employment increasing, according to the International Monetary Fund (IMF). International Monetary Fund (IMF) further said that economic reforms on tax such as …
Read More »KAUST announces joint investment from Innovation Finance Fund and Product Development Company
15-05-2019 Media in\ Jeddah King Abdullah University of Science and Technology (KAUST) has announced that Red Sea Farms, an emerging agricultural technology company specializing in brackishwater technology, has secured a joint investment of $ 1.9 million from the Innovation Finance Fund and the University’s Research Product Development Company. For his …
Read More »Board of Directors of the Saudi Chambers holds its 100th meeting by hosting Medina
15-05-2019 Media in \ Medina The Board of Directors of the Saudi Chambers headed by Dr. Sami bin Abdullah Al-Obaidi held its 100th meeting today and the 94th Executive Committee Meeting which was hosted by the Chamber of Commerce and Industry in Medina in Dar Al Taqwa Hotel. Dr. Sami …
Read More »The Saudi index closed higher at 8480.70 points
15-05-2019 Media in\ Riyadh The index of major Saudi shares closed today, up 106.43 points to close at 8480.70 points, and trades worth more than 5.7 billion riyals. The number of shares traded more than 170 million shares, which were shared by more than 100 thousand transactions, the shares of …
Read More »Jeddah Islamic Port records 28% growth container handling in the month of April 2019
Media IN Jeddah, 15 May 2019 SPA Jeddah Islamic Port achieved remarkable growth in containers handling during the month of April 2019 by 403,000 containers, an increase of 28%. The port also achieved a growth rate through handling 178,000 containers with an increase of 25% compared to the same period …
Read More »An ”Authorised Economic Operator” pact signed between UAE and KSA
Media IN Riyadh 14-05-2019 The UAE and Saudi Arabia signed an Authorized Economic Operator (AEO) agreement yesterday in Riyadh by Customs Commissioners and Chairman of the Federal Customs Authority, and Governor of the General Customs Authority. The agreement aims to improve the customs cooperation between the two countries and facilitate …
Read More »The Saudi Stock Exchange closed lower at 182.74 at 8674.66
12-05-2019 Media in\ Riyadh The index of major Saudi shares closed today, down 182.28 points to close at 8674.66 points, and trades worth more than 2.7 billion riyals. More than 90,000 shares were traded, with 16 companies posting gains, while 172 stocks closed lower. Bupa Arabia, Takaful Takaful, AXA Cooperative, …
Read More »Saudi Ministry of Housing hands over 2,000 plots of residential land to its beneficiaries over the past month
Media In \ Riyadh 10-05-2019 The “Housing” program of the Ministry of Housing has continued to hand over free residential land to beneficiaries of the program who were allocated to them in the last monthly payments. During the month of April, 2057 plots of land distributed throughout the Kingdom were …
Read More »KSA: MAWANI Handles 21 Million Tons of Cargo during April 2019
Media IN/Abu-dhabi/ Wed,08-05-2019: SPA Riyadh: The Total tonnage cargo handled in Saudi ports during the month of April 2019 was over 21 million tons, an increase of 3.02%. The number of handling containers reached (622,000), an increase of 22.02%, compared to the corresponding period of the previous year, according to …
Read More »The Saudi Stock Exchange closed at 8968.86 points
Media in\ Riyadh 07-05-2019 The index of major Saudi shares closed today at 7468.86 points, with a trade value of more than 3.4 billion riyals. The number of shares traded was more than 100 million shares, which were shared by more than 100 thousand transactions, where the shares of 71 …
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