Business & Money | Thursday 3 September, 2020 2:14 pm

Saudi Arabia's Capital Market Authority (CMA): Allowing Foreigners to Invest Directly in Debt Instruments

The CMA Board issued its resolution on 22/12/1441 H., corresponding to 12/08/2020G, which included allowing residents and non-residents foreigners to invest directly in listed and non-listed debt instruments. This comes as part of CMA's strategic goals to develop the capital market "Financial...

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Business & Money | Thursday 3 September, 2020 12:54 pm

Women 20 (W20) Advocates Gender Inclusive Covid-19 Economic Recovery

On the eve of the 25th anniversary of the landmark Beijing Conference on Women, the Women 20 (W20), an official G20 engagement group whose primary objective is to ensure gender considerations are mainstreamed into G20 discussions and policies, calls on G20 leaders to commemorate 2020 as the Year of ...

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Business & Money | Thursday 3 September, 2020 9:26 am

G20 Enhances Sustainable Development and Emergency Response Plan for Developing Countries

The G20 Development Working Group (DWG) concluded its 3rd meeting under the Kingdom of Saudi Arabia's G20 Presidency, in the presence of representatives of several international and regional organizations.Representatives of the G20 DWG members discussed a number of themes, including: the...

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Tourism & Hospitality | Thursday 3 September, 2020 6:28 am

International flights to Saudi Arabia remain suspended, says Saudia

Saudi Arabian Airlines (Saudia) on Wednesday said international flights remain “suspended until further notice,” except for return flights for residents departing from the Kingdom and registering on the Awdah initiative.Awdah is aimed at expats wanting to return to their home countries via an...

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Business & Money | Thursday 3 September, 2020 2:22 am

B20 and Business at OECD launch “GVC Passport” on Financial Compliance to Reinvigorate Firms’ Growth Post-COVID-19

The Business 20 (B20), the official voice of the global business community across G20 members, and Business at OECD today launched a joint conceptual policy proposal that focuses on reducing barriers that firms in general and SMEs in particular encounter in their quest to participate in Global...

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Environment & Energy | Wednesday 2 September, 2020 1:14 pm

Madinah governor opens water treatment project

Madinah Gov. Prince Faisal bin Salman on Tuesday opened a water treatment project to improve the irrigation sector in the Madinah region. The Saudi Irrigation Organization is working to manage, operate and boost the region’s agricultural sector. Prince Faisal stressed the need to harness the ...

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Government | Wednesday 2 September, 2020 2:00 am

Custodian of the Two Holy Mosques Chairs Cabinet's Virtual Session

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired here the Cabinet's virtual session.At the outset, the Cabinet reviewed latest developments related to Coronavirus pandemic, at the local as well as the international arenas, especially in terms of preventive and...

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Technology & IT | Wednesday 2 September, 2020 12:36 am

Zoom predicts revenue surge

Zoom Video Communications Inc. raised its annual revenue forecast by more than 30 percent after comfortably beating quarterly estimates on Monday as it converts more of its huge free user base to paid subscriptions. Shares of Zoom, which have surged almost four-fold this year, rose 9.3 percent ...

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Business & Money | Tuesday 1 September, 2020 1:43 pm

Alwaleed Philanthropies appoints Instinctif Partners to expand their regional and global presence

Instinctif Partners has been appointed by KSA-based philanthropy giant, Alwaleed Philanthropies, which delivers vital humanitarian projects both regionally and internationally. To date, Alwaleed Philanthropies has delivered over 1,000 projects in nearly 200 countries. Instinctif Partners will...

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Technology & IT | Tuesday 1 September, 2020 9:43 am

AI training program for young Saudis

Dr. Abdullah bin Sharaf Al-Ghamdi, president of the Saudi Data and Artificial Intelligence Authority on Monday announced the launch of a training program in the field of data and artificial intelligence (AI) for 100 young men and women in the Makkah region.He was speaking at the inaugural ceremony...

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