Government | Monday 9 October, 2023 8:56 am

King Salman raises basic minimum pension for social security beneficiaries

The Saudi King issued directives today, Oct. 8, on raising the basic minimum pension for social security beneficiaries by 20%. Meanwhile, the Citizen Account Program will remain in effect while adding certain factors to enhance support efficiency and ensure that benefits are received by the...

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Government | Monday 9 October, 2023 8:54 am

Ministry of Commerce issues 83,500 commercial registers in Q3 2023

The Ministry of Commerce issued its Q3 2023 bulletin on the performance of the Saudi business sector.A total of 83,450 commercial registers were issued in the third quarter, an increase of nearly 17% year-on-year (YoY) from 71,600 commercial registers in Q3 2022.Riyadh Province accounted for the...

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Business & Money | Monday 9 October, 2023 8:51 am

PIF, Saudi Electricity launch Electric Vehicle Infrastructure Company

The Public Investment Fund (PIF) and Saudi Electricity Company (SEC) announced today the launch of the Electric Vehicle Infrastructure Company. PIF will own a 75% stake in the Company, while SEC will hold the remaining 25% stake.   The company aims to deliver best-in-class electric...

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Technology & IT | Monday 9 October, 2023 8:50 am

The Digital Cooperation Organization Launches the Second DiplomaticConnect at the Embassy of Oman in Riyadh to Foster Digital Diplomacy

Following the success of the inaugural DCO DiplomaticConnect, the Digital Cooperation Organization (DCO) launched the second DiplomaticConnect event. The gathering took place at the Embassy of Oman in Riyadh, bringing together diplomats, government officials, private sector leaders, and technology...

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Business & Money | Monday 9 October, 2023 8:35 am

Saudia Announces Sponsorship of Riyadh Season 2023 as the Platinum Partner and Official Airline

Saudia has announced the sponsorship of the fourth edition of Riyadh Season as the Platinum Partner and Official Airline of this mega event, commencing on October 28th. This event is one of the most anticipated entertainment seasons globally and aligns with the airline's commitment to its new...

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Business & Money | Monday 9 October, 2023 8:25 am

Minister of Industry & Advanced Technology inaugurates ‘Standard Turf’ factory and visits ‘Rabdan’ vehicle facility

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, inaugurated Standard Carpets Industries’ new factory ‘Standard Turf at Dubai Industrial City, a member of TECOM Group PJSC and one of the largest industrial ecosystems in the region.’ Standard Carpets is one of...

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Business & Money | Monday 9 October, 2023 7:04 am

Monsha’at and Leading Saudi Entrepreneurs Take Part in Global Entrepreneurship Congress 2023

A Saudi Arabian delegation comprising some of the nation’s leading entrepreneurs recently participated in the Global Entrepreneurship Congress 2023 (GEC23), led by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia. Among Monsha’at’s objectives ...

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Environment & Energy | Sunday 8 October, 2023 4:35 pm

Saudi Arabia commits to invest in all energy production potentials: Energy Minister

Saudi Arabia adopted a comprehensive approach focused on harnessing all the potentials of energy production from renewables, hydrogen, electricity transmission, and establishing hydrogen distribution pipelines, said Minister of Energy Prince Abdulaziz bin Salman.    During MENA...

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Government | Sunday 8 October, 2023 4:09 pm

Saudi issues decree to develop Imam Faisal bin Turki Royal Reserve

Saudi Arabia issued a decree to establish a royal reserve named “Imam Faisal bin Turki”, which will spread across three administrative regions—Asir, Jazan, and Makkah. It will also extend to the Kingdom’s territorial water in the Red Sea. This will be the eighth royal reserve in the...

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Business & Money | Sunday 8 October, 2023 12:42 pm

Amazon Saudi Hosts Annual Seller Summit to Empower Local Businesses to Grow Online

Amazon Saudi Arabia recently hosted its annual Seller Summit in Riyadh, showcasing a suite of cutting-edge tools and services designed to empower small and medium-sized businesses (SMBs) in Saudi Arabia. These innovations are tailored to help SMBs reach millions of online customers and drive...

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