Government | Sunday 23 August, 2020 10:37 am

Saudi Passports: Transfer of ID must for renewal of residency of expat over 25 years

The General Directorate of Passports has revealed an important condition for renewing the residential permit (iqama) of a resident over the age of 25.If the head of the family wants to renew his iqama and those of all the dependents in his family, but one dependent has exceeded the age of 25 years, ...

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Tourism & Hospitality | Sunday 23 August, 2020 5:19 am

GACA Contributes to Growth of Domestic Tourism in Southern Regions

The General Authority for Civil Aviation (GACA) has provided a seating capacity for the southern airports with the aim of connecting all regions of the Kingdom of Saudi Arabia by air. This has contributed to meeting the growing demand for travel and for the development of tourism and economic...

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Business & Money | Sunday 23 August, 2020 3:24 am

Saudi Arabia finance ministry announces closure of August issuance of sukuk program

Saudi Arabia’s finance ministry announced on Saturday the closure of the August 2020 issuance of the government’s sukuk progam. The first tranche of the sukuk, or Islamic bonds, has a size of 100 million riyals ($26.6 million) and a total tranche size of 6.125 billion riyals, maturing in...

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Tourism & Hospitality | Saturday 22 August, 2020 12:35 pm

Resumption of economic events in Dubai from 15 Sep

Aligned with the directive of Dubai’s Covid-19 Command Control Center, the Emirate’s Tourism Activities rules for facilities and services have been updated to resume economic activities and allowing the below:  1. MICE Local Event, starting from Sep 15th 2020.  2....

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Business & Money | Saturday 22 August, 2020 1:51 am

Bahri signs $410m agreement to receive 10 new chemical tankers from Hyundai Mipo Dockyard

Bahri, a global leader in logistics and transportation, signed a new agreement with Hyundai Mipo Dockyard, a member of Hyundai Heavy Industries (HHI) Group, which owns one of the largest state-of-the-art shipyards in the world, to build ten 49,999-dwt Medium Range (MR) chemical...

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Business & Money | Friday 21 August, 2020 9:00 am

E-payment compulsory from Aug. 25; 30% reward for whistleblowers

Okaz/Saudi Gazette Abdulrahman Al-Hussein, spokesman of the Ministry of Commerce, said that teams from the Ministry of Commerce and Ministry of Municipal and Rural Affairs detected 82 violations during their raids carried out on 3,500 commercial establishments during the last three weeks.It...

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Business & Money | Thursday 20 August, 2020 2:00 pm

Ithra Launches the Tanween Challenges

The King Abdulaziz Center for World Culture (Ithra) is pleased to announce the Tanween Challenges, a set of creativity and innovation challenges that will be featured during this fall’s Tanween Season. The Challenges encourage participants to think creatively while working with industry experts...

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Environment & Energy | Thursday 20 August, 2020 10:00 am

OPEC+ reiterates importance of attaining full conformity for market stability

Energy Minister Prince Abdulaziz Bin Salman, who chaired the 21st Joint Ministerial Monitoring Committee (JMMC) meeting via videoconference here, urged the Organization of Petroleum Exporting Countries (OPEC) members and allies to boost compliance with oil output cuts aimed at supporting...

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Technology & IT | Thursday 20 August, 2020 4:06 am

Apple becomes 1st US company to hit $2 trillion in market value

Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales...

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Business & Money | Thursday 20 August, 2020 3:25 am

PIF Launches ROSHN, a New Company Aimed at Developing World-Class Urban Communities

The Public Investment Fund (PIF) announced today the launch of ROSHN (“the Company”), a national champion that will develop world-class integrated urban communities across Saudi Arabia.  Through its mandate of developing integrated communities that follow leading international...

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