Business & Money | Sunday 29 October, 2017 6:32 am

Saudi pavilion at Baghdad fair big draw

A large number of Iraqi businessmen and citizens visit Saudi Arabias pavilion at the 44th edition of Baghdad International Fair. This was for the first time the Kingdom is participating in the fair. As many as 60 Saudi companies are showcasing their products and services at the 10-day...

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Business & Money | Sunday 29 October, 2017 2:24 am

Riyadh calls on UNSC to address challenges affecting women, society

Saudi Arabia has called on the UN Security Council and UN agencies supervising Women, Peace and Security plans, to address the challenges that hinder the development of women and society as a whole, including ending all kinds of occupation, combating anti-Muslim extremist speech and practices, and...

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Business & Money | Sunday 29 October, 2017 1:30 am

Saudi Crown Prince Says Kingdom Ready To Back Extension Of Oil Output Cut Agreement

Crown Prince Mohammed bin Salman on Saturday reiterated that the Kingdom of Saudi Arabia is ready to support the extension of an oil production cut agreement led by the Organization of Petroleum Exporting Countries (OPEC) in order to balance global crude oil supply and...

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Business & Money | Sunday 29 October, 2017 12:09 am

Saudi engineer joins NASA microgravity project

US space agency NASA has involved a Saudi engineer in its prestigious microgravity research project. Mishaal Saeed Al-Shihrani and his team earned the best proposition among other participants to join the project. Shihrani said the project they are working involves designing a device...

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Business & Money | Saturday 28 October, 2017 2:48 am

Foreign investors to be given full access to Saudi parallel market

Saudi Arabia plans to make its capital market more accessible to foreign investors by giving them full access to NOMU, a parallel market recently launched for small and medium-sized enterprises, Mohammed El-Kuwaiz, chairman of the Capital Market Authority (CMA) said Thursday. Non-resident...

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Business & Money | Saturday 28 October, 2017 2:06 am

Noon to launch by end of year in Saudi Arabia, says CEO

Noon, the digital marketplace created in the region, for the region and powered by the region’s leading retailers, will launch in Saudi Arabia before the end of this year, said Faraz Khalid, Chief Executive Officer.   He was addressing a panel discussion at the Future Investment...

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Business & Money | Saturday 28 October, 2017 12:05 am

High net worth expats in Saudi Arabia contributed a 42% increase in overall demand for second citizenship

According to Citizenship Invest, market leader specialized in the fastest citizenship programs to legally obtain a second passport, high net worth expats living in the Kingdom of Saudi Arabia contributed a 42 per cent increase in overall demand for a second nationality and passport in 2017. The...

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Business & Money | Friday 27 October, 2017 2:40 pm

KSA, Virgin Group to form $1 billion partnership in space projects

The Public Investment Fund (PIF) and Virgin Group will form a $1 billion partnership to invest in Virgin Galactic, The Space Ship and Virgin Orbit, the Saudi Press Agency (SPA) reported.   The agreement includes a $480 million future option for investment in the space services sector....

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Business & Money | Friday 27 October, 2017 1:41 pm

SEDCO Capital Participates in the 2nd Global Ethical Finance Forum

SEDCO Capital, one of the largest asset managers in Saudi Arabia, was invited to participate in the 2nd Global Ethical Finance Forum to discuss the interplay between Ethics, Faith, Finance and Impact.   The 2nd Ethical Finance conference, which took place in Edinburgh with the support of ...

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Business & Money | Thursday 26 October, 2017 8:37 am

Zain Saudi Arabia turnaround continues, reports 3rd consecutive quarterly profit

Zain Saudi Arabia reported its third consecutive quarterly net profit for the period ending 30 September 2017 reflecting a significant turnaround in the company’s historical performance. Ongoing focus on customer acquisitions, further improvement in quality of service and network reach and...

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