Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraq’s Prime Minister Mustafa Al-Kadhimi agreed on the need for their countries
Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraq’s Prime Minister Mustafa Al-Kadhimi agreed on the need for their countries to continue coordinating in confronting extremism and terrorism. The two leaders met at the Yamamah Palace in Riyadh on Wednesday and signed several agreements to boost economic cooperation, starting with…
Headed for a promising year in 2021, Saudi banking sector is all set to grow, says KPMG in its report. The report ‘Banking Perspectives 2021’ records that the sector is moving positively, supported by the reforms in the Kingdom with halt in expected credit losses (ECL) and stable liquidity. One…
The Saudi Center for International Strategic Partnerships signed a memorandum of cooperation with the Council of Saudi Chambers, aiming to coordinate efforts between the center and the Council to strengthen the role of the private sector in international strategic partnerships. This memorandum will stimulate private sector participation and sustainability,…
“What is behind Riyadh’s decision to compel international companies to open their regional headquarters in the Kingdom? What are its implications for the economy and the private sector? Will it succeed in implementing the decision at the present time?” These are examples of questions posed by Saudi and Arab tweeters…
Saudi Arabia’s Ministry of Agriculture celebrated the project of a Saudi citizen who planted one million olive trees in the Al-Jawf area and was able to produce 200,000 liters of olive oil, as documented by the Food and Drug Authority, through its Twitter account. Nasser Al-Hamad, the project’s owner, began…
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Board of Directors of the Public Investment Fund, announced the launch of the Soda Development Company in the Asir region with expected investments of more than SR 11 billion. The company aims…
The Kingdom’s Cabinet announced that Saudi Arabia is committed to supporting the stability of the oil markets and the sustainability of global supplies. The announcement was made during the cabinet’s weekly meeting, during which the cabinet discussed mitigating the effects of the coronavirus (Covid-19) pandemic, enhancing energy security and the…
As a continuation of their efforts to support local initiatives, Saudi Aramco and Al-Fanar recently concluded a memorandum of understanding (MoU) to establish a strategic cooperation between the two companies. This MoU includes several sustainability-based initiatives and aims to support localization, innovation and digitization in the Kingdom, in line with…
The main Saudi stock index closed today, up 61.74 points, to close at 9085.97 points, with a value of 11.4 billion riyals. The share of traded shares is more than 310 million shares, with more than 435,000 shares in which the shares of 116 companies recorded an increase in their…
According to the fees introduced for interbank transfers following this coming May, the upper limit of the transfer fee of half a riyal has been approved for transactions equal to or less than 500 riyals. As for transactions whose value exceeds 500 riyals the transfer fee has been set at…
