Media IN RIYADH: 29-05-2019 The Kingdom of Saudi Arabia jumped 13 positions, the highest leap among the 63 participating countries, in the IMD World Competitiveness Yearbook 2019 issued today by the IMD International Institute for Management Development (IMD), in Lausanne, Switzerland. The Kingdom of Saudi Arabia is now ranked 26th, …
Read More »Saudi Arabia’s total exports increased by 32% in 2018
Media IN Riyadh – Mubasher: 29-05-2019 Saudi Arabia’s total exports increased by 32.69% to SAR 1.104 trillion, marking the highest rate since 2014, during the year ended 31 December 2018, versus SAR 831.88 billion in the same period of the prior year. The GCC nation’s oil exports jumped by 36% …
Read More »Arrival of the largest container ship to King Abdul Aziz Port in Dammam
Media In / dammam May 28, The second container terminal at King Abdul Aziz Port in Dammam, which is managed by the Saudi International Ports Company, received today the largest container ship in the history of Saudi ports with the unlimited support of the wise leadership and follow-up by His …
Read More »IHS to buy 8,100 towers in Saudi Arabia
Media IN LONDON 25-05-2019: The Mauritius-headquartered IHS — which buys or builds mobile phone masts and then leases them to telecoms companies — said in March it had struck a deal with Zain KSA to buy its 8,100 towers in Saudi Arabia. It will then lease them back to the …
Read More »Ministry of finance in KSA announces closing date for issuance of denominated Sukuk Program
Media IN Riyadh, May 23, 2019, SPA The Ministry of Finance announces that it has closed the May 2019 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 2,840 billion. The Sukuk issuances were divided into two tranches as follows: – The first …
Read More »46% increase in records of Saudi e-commerce activity
Media in 23-may 2019 The Ministry of Commerce and Investment of Saudi Arabia revealed that the trade records of the e-commerce activity increased by 64% during 2018, with the number of issued records reaching 3192 records, compared with 1940 records in 2017, while the total number of existing trade records …
Read More »Meeting of the Joint Ministerial Committee of OPEC and its partners to monitor the production agreement in Jeddah tomorrow
18-05-2019 Media IN Jeddah The fourteenth meeting of the Joint Ministerial Committee to monitor the reduction of production between the Organization of the Petroleum Exporting Countries (OPEC) and the countries outside it (OPEC +) will be held tomorrow in Jeddah to discuss the situation of the world oil markets, follow …
Read More »Saudi Arabia confirms that illegal financial flows continue to pose a threat to the financial stability of States
18-05-2019 Media in \New York Saudi Arabia stressed that illegal financial flows continue to pose a major threat to the financial stability of States and to the achievement of their national goals for sustainable development. This came in the Kingdom’s address to the United Nations during the High-level Meeting on …
Read More »Economic Reforms Yield Positive Results to the KSA: IMF
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 …
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