Business & Money | Sunday 7 October, 2018 6:00 pm

Saudi Arabia invests $133.3bn in industrial, service projects to diversify economy

Saudi Arabia has invested SR500 billion ($133.3 billion) in industrial, service and logistics projects and contracts, which will go a long way in cutting dependence on oil, and in diversifying the national economy. The Kingdom is also witnessing a remarkable demand in industrial investment after...

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Technology & IT | Sunday 7 October, 2018 4:44 am

Young Saudi innovators showcase talent at App World

Some dozens of young Saudi innovators displayed home-made gadgets and products at App World, which was inaugurated by Deputy Emir of Makkah region Prince Abdullah Bin Bandar. The second edition of the three-day App World is being held under the patronage of Prince Khaled Al-Faisal, Emir of...

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Environment & Energy | Sunday 7 October, 2018 1:42 am

S&P expects stable growth in Saudi Arabia

The Saudi economy is expected to grow at an average of more than 2 percent between 2019 to 2021 according to the S&P ratings agency. Affirming the country’s long and short term sovereign ratings, it said that higher than expected revenues generated by the stronger oil price have been met ...

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Business & Money | Sunday 7 October, 2018 12:39 am

Saudi Design Week: Introducing the concept of sustainable creativity

Saudi Arabia is undergoing a rapid transformation in all spheres of life. The government is working relentlessly to create opportunities for young local talent in all sectors and the Saudi youths are wasting no time to prove their mettle. Albara Saimaldahar, an architect, is also very excited...

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Environment & Energy | Saturday 6 October, 2018 5:47 am

Aramco IPO to go ahead by early 2021

Saudi Crown Prince Mohammed bin Salman said the flotation of Saudi Aramco would proceed by 2021, Bloomberg reported on Friday. He made the disclosure in a wide-ranging interview with the newswire conducted at the royal palace in Riyadh on Wednesday. It also touched on his relationship with...

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Technology & IT | Saturday 6 October, 2018 3:46 am

Hundreds to benefit from Apps World Forum workshops in Saudi Arabia

Developers, entrepreneurs and technology enthusiasts from around the Kingdom gathered at the Ritz-Carlton in Jeddah to attend the Application World Forum for its second consecutive year. The three-day forum was launched in the presence of Deputy Makkah Gov. Prince Abdullah bin Bandar,...

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Business & Money | Saturday 6 October, 2018 3:26 am

Bahri highlights growing presence in U.S. at Breakbulk Americas 2018

Highlighting its growing presence in the U.S., Bahri, a global leader in logistics and transportation, represented by Bahri Logistics, one of the company’s business units, participated at Breakbulk Americas 2018, the largest exhibition for the project cargo and breakbulk industry in the...

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Business & Money | Saturday 6 October, 2018 1:48 am

Shoura to discuss consumer protection from deceptive ads

In its 54th ordinary session scheduled to be held on Monday, the Shoura Council is set to discuss the report of the Culture, Information, Tourism and Antiquities Committee on a draft proposal on the advertisement and marketing regulation presented by the Shoura member Dr. Abdullah Al-Sufyani. In ...

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Business & Money | Friday 5 October, 2018 4:00 am

Saudi Arabia carries out $8.14m relief projects in Tajikistan

Dr. Abdullah Al-Rabeeah, general supervisor of the King Salman Center for Relief and Humanitarian Aid (KSRelief), inaugurated the building project of the Committee for Emergency Situations and Civil Defense (CoES)’s republican education and training center in the Tajik capital of...

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Government | Friday 5 October, 2018 2:41 am

Ministry of Housing hands over 316 villas in Uyaynah

Prince Faisal Bin Bandar, emir of Riyadh, handed over a total of 316 residential villas to deserving Saudi citizens on Thursday. The fully furnished villas are part of the Al-Uyaynah Residential Project of the Ministry of Housing, located north of Riyadh. Each villa, with two stories and four bed...

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