Business & Money | Thursday 13 June, 2019 12:40 am

Nayifat reports Q1 results, unveils strategy for growth

Nayifat Finance Company, Saudi Arabia’s leading non-bank financial institution  (“NBFI”) for consumers and SMEs, has announced its financial results for the three-month period ended 31 March 2019. Revenue of SAR 84.9 million improved by 1.12% year-on-year, while net...

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Environment & Energy | Tuesday 11 June, 2019 6:26 am

Al-Falih: Only Russia undecided on OPEC deal extension

 Saudi Energy Minister Khalid Al-Falih said on Monday Russia was the only oil exporter undecided on extending an output deal between OPEC and its allies until the end of the year. Al-Falih, in Moscow for talks with counterpart Alexander Novak, said there was disagreement in Russia over...

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Environment & Energy | Tuesday 11 June, 2019 5:52 am

ENOC announces retail expansion in line with Saudi Vision 2030

ENOC Group, a wholly-owned entity of Dubai government, has announced ambitious expansion plans for its retail operations in the Kingdom of Saudi Arabia. The Group’s retail arm will increase its service station network by more than eight fold by 2030 to reach 124 stations to meet the...

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Business & Money | Tuesday 11 June, 2019 5:23 am

Dialogue a must to resolve conflicts, head of Saudi-led interfaith dialogue center tells G20 forum

The secretary-general of the King Abdullah bin Abdul Aziz International Center for Interreligious and Intercultural Dialogue (KAICIID), Faisal bin Abdulrahman bin Muammar, has stressed the importance of focusing on common values and ethics to resolve various issues in the world. In his keynote...

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Business & Money | Monday 10 June, 2019 3:49 pm

“Sipchem” & “SASREF” signing primary Hydrogen Supply Agreement

Sahara International Petrochemical Co. “Sipchem” and Saudi Aramco Shell Refinery Company “SASREF” signed on Thursday 30th of May 2019 a Hydrogen Supply Agreement with Saudi Aramco Shell Refinery Company (SASREF). The agreement is to supply SASREF with the Hydrogen Gas...

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Government | Monday 10 June, 2019 9:43 am

‘Furijat’ initiative releasing detainees from financial debt

On May 29, Minister of Interior Prince Abdul Aziz bin Saud bin Naif launched the “Furijat” initiative, which allows people to contribute funds to assist detainees in prison for failing to pay off their debts through the proper channels or for defaulting on payments. So far, thanks to ...

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Tourism & Hospitality | Monday 10 June, 2019 3:45 am

Visa in 3 minutes for Jeddah Season visitors

Authorities have announced issuance of instant e-tourism visa for the visitors of the ongoing 40-day ‘Jeddah Season’ festival. The visa will be issued within three minutes with a condition that the visa applicant shall buy ticket for any one of the events of the festival. Raed Abu...

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Technology & IT | Monday 10 June, 2019 2:33 am

Saudi Arabia, Japan ink deal for CIT cooperation

The Ministry of Communications and Information Technology (MCIT) on Sunday signed a memorandum of cooperation with the Japanese Ministry of Internal Affairs and Communications to boost cooperation and achieve further development and growth in the field of communications and information technology...

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Business & Money | Sunday 9 June, 2019 1:40 pm

Citigroup Saudi Arabia holds its board meeting as it marks its one-year anniversary in the Kingdom

Citigroup Saudi Arabia recently held its first board meeting of the year, marking its one-year anniversary in the Kingdom.  The board is comprised of Citi senior executives and independent directors including Alberto J. Verme, Chairman-Citi Institutional Clients Group, also...

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Tourism & Hospitality | Sunday 9 June, 2019 1:18 pm

Saudia Cargo transports 175 Tons of WWE Super Showdown equipment

Saudi Airlines Cargo Company transported 175 Tons of World Wrestling Entertainment (WWE) equipment all the way to Jeddah, from Maastricht in the Netherlands for the WWE event that will take place at King Abdullah Sports City on June 7.   Saudia Cargo has successfully provided all its...

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