Environment & Energy | Monday 22 October, 2018 7:35 am

Sipchem tops bumper earnings from Saudi petrochemical majors

Saudi petrochemical producer Sipchem said its third-quarter profits surged by about half to SR180.3 million ($47.9 million) amid a brace of strong earnings from the sector. The company also known as Saudi International Petrochemical Co, plans to merge with Sahara Petrochemicals as a wave of...

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Business & Money | Monday 22 October, 2018 6:31 am

KSA to set up first special economic zone in Riyadh

Saudi Arabia announced the establishment of a special economic zone (SEZ) on Sunday, the Saudi Press Agency reported. The zone, the first of its kind in the world, will be developed in Riyadh. It will focus on integrated logistics and will enjoy special rules and regulations aiming at attracting...

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Business & Money | Monday 22 October, 2018 2:13 am

More than 200 exhibitors from local, regional and foreign companies at Biznex

The organizing coalition of the 2018 Biznex conference and exhibition announced, at a press conference today, the participation of more than 200 Egyptian, Arab and foreign companies, for the first time in Egypt. Biznex is scheduled for November 8-10 at the Egyptian International Exhibition...

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Business & Money | Sunday 21 October, 2018 3:24 am

Dar Al Arkan Seeks Accreditation from ETMAM for Three Developments in Riyadh City

Dar Al Arkan, the largest listed real estate developer in the Kingdom of Saudi Arabia, today announced that it has submitted a request to ETMAM, the Developers Services Centre at the Saudi Ministry of Housing, for the accreditation of three comprehensive development projects in Shams Ar Riyadh,...

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Business & Money | Sunday 21 October, 2018 2:45 am

We want France to become the No. 1 investor in the Kingdom: Saudi-French Business Council chief

A delegation from the Saudi-French Business Council concluded a visit to the French cities of Paris and Lyon. The delegation participated in the council’s 40th session, during which four commercial contracts were signed. It also visited French art companies and museums to discuss...

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Tourism & Hospitality | Sunday 21 October, 2018 2:21 am

Copthorne Hotel Riyadh wins award for Best 4-star Corporate Hotel

Copthorne Hotel Riyadh has won the illustrious award for the “Best 4-star Corporate Hotel” at the second editionof Arabian Travel Awards 2018.    The much-anticipated award held last September 20thin Dubai honoured the key players in the travel, tourism and...

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Government | Saturday 20 October, 2018 2:00 pm

Royal orders issued relieving Assiri, Al-Qahtani from posts

The Custodian of the Two Holy Mosques King Salman issued three royal orders on Friday night, Saudi Press Agency said. The first royal order relieved Ahmed Bin Hassan Bin Muhammad Assiri from his post as deputy president of General Intelligence. The second order relieved Saud Bin Abdullah...

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Technology & IT | Saturday 20 October, 2018 2:30 am

King Abdul Aziz City for Science and Technology unveils self-guided Black Shark boat at 38th GITEX Technology Week

King Abdul Aziz City for Science and Technology (KACST) has unveiled its Black Shark self-guided boat at the 38th GITEX Technology Week in Dubai. The vessel, which can carry out coastal surveillance and many other tasks, was developed in collaboration with Taqnia for Robotics and Smart...

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Business & Money | Friday 19 October, 2018 5:11 am

Moody’s raises GDP growth forecasts for Saudi Arabian economy

Moody’s has raised Saudi Arabia’s GDP growth forecast for 2018 to 2.5 percent from 1.3 percent as it maintains a “stable outlook” for the Saudi economy. The ratings agency also increased its 2019 GDP forecast to 2.7 percent, well above the 1.5 percent previously predicted,...

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Culture & Education | Friday 19 October, 2018 4:17 am

Taif University delegates forge links with American counterparts

Taif University aims to further its academic and administrative development plan through a combination of experience and successful international cooperation, including partnerships with a number of American universities, said Dr. Hossam bin Abdul Wahhab Zaman, the university’s...

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