Business & Money | Tuesday 19 February, 2019 5:00 am

Saudi Arabia and Spain’s Navantia plan combat management systems venture

State-owned Saudi Arabian Military Industries (SAMI) signed an agreement on Monday with Spanish state-held shipbuilder Navantia to set up a joint venture to provide combat systems, the new partnership’s chief executive said on Monday. The SANNI venture, the name of which stands for SAMI...

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Business & Money | Monday 18 February, 2019 3:37 pm

Bahri showcases state-of-the-art maritime logistics offerings at IDEX and NAVDEX 2019

Demonstrating its commitment to advancing growth of maritime industry and improving security in logistics business, Bahri, a global leader in logistics and transportation, is exhibiting at the 2019 edition of International Defence Exhibition (IDEX) and Naval Defense and Maritime Security...

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Business & Money | Monday 18 February, 2019 11:34 am

Jabal Omar Development Company ends its fiscal year 2018 with a net profit of SAR 193.78 Million

Jabal Omar Development Company, one of the largest real estate developers in the Middle East and one of the largest listed companies in the Saudi stock market (Tadawul), announced a net profit of SAR 193.78 million for the year ending 2018. The net profit increased by 245% due to off-plan...

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Business & Money | Monday 18 February, 2019 3:10 am

F&B spending to account for 8.9% of GDP by 2023

Worldwide consumption of food and beverages will account for 8.9 per cent of GDP by 2030 – up from today’s 8.5 per cent - according to the Gulfood Global Industry Outlook Report 2019 released today at the world’s largest annual food and beverage trade exhibition. With the...

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Government | Monday 18 February, 2019 2:03 am

Saudi Crown Prince takes Pakistan bond ‘to new level’

A major transformation is underway in Saudi Arabia’s economic relationship with Pakistan, according to Dr. Ali Awadh Asseri, a former ambassador to Islamabad. In a wide-ranging interview with Arab News, the former envoy said greater interaction between business and the private sectors in...

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Business & Money | Monday 18 February, 2019 1:09 am

600,000 Saudi women join workforce, says official

Efforts to empower Saudi women by absorbing them in the job market have been successful, according to a top official of the Ministry of Labor and Social Development. Nawal Abdullah Al-Thabian, assistant director general of the ministry’s branch in Makkah province, has said some 600,000...

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Business & Money | Sunday 17 February, 2019 4:33 pm

Gulfood 2019 officially open

The five-day exhibition, which runs until Thursday 21 February, has once again attracted high-calibre interest including ministers, top trade envoys and national organisations from the four corners of the globe. The show offers a platform for game-changing business deals, new market opportunities...

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Business & Money | Sunday 17 February, 2019 8:51 am

Amaala, Red Sea projects to ‘generate 57,000 jobs’

A member of the Saudi Economic Association (SEA) has said the Red Sea Project will create 35,000 job opportunities, attract a million visitors annually and put the Kingdom on the international tourism map whereas the Amaala project will create over 22,000 job opportunities. The Red Sea Project...

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Business & Money | Sunday 17 February, 2019 8:32 am

(Saudi Exports) to participate in Gulfood exhibition with 53 Saudi companies

The Saudi Export Development Authority (Saudi Exports) will participate in the 24thGulfood in Dubai from February 17 to 21, 2019, as part of the Authority’s sustained efforts to raise awareness about Saudi exports and support exporters by promoting their goods and services in the global...

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Business & Money | Sunday 17 February, 2019 6:44 am

How ‘Absher’ app liberates Saudis from government bureaucracy

Absher, the “one-click” e-services app launched by the Interior Ministry in 2015, is now regarded as the leading government platform for Saudi citizens, freeing them from bureaucratic inefficiency and endless queuing for everyday services. However, in a recent New York Times article,...

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