Environment & Energy | Monday 1 January, 2018 10:32 am

Saudi Arabia sets new gasoline prices

Saudi Arabia increased fuel price effective as of midnight Sunday (Dec. 31, 2017). Octane 91 fuel which cost 75 halalas per liter will now be available at SR1.37 per liter and 95 octane which cost 90 halalas per liter will cost SR2.04 per liter. Diesel for industries and utilities...

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Environment & Energy | Monday 1 January, 2018 9:45 am

Threefold increase in electricity bills from today

From Monday, consumers will have to bear a threefold increase in electricity tariff with the implementation of Value Added Tax (VAT) and a revised bill calculation system. Saudi Electricity Co. (SEC) will apply 5% VAT on electricity bills, connection and service charges. The Electricity and...

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Healthcare | Monday 1 January, 2018 9:14 am

Al-Rabiah lauds KSMC’s achievements in medical education

Minister of Health Dr. Tawfiq Al-Rabiah honored 232 students at a graduation ceremony held at King Saud Medical City (KSMC) in Riyadh. KSMC had sponsored the students to enroll in accredited academic and training programs in the Kingdom and abroad. In a speech on the occasion, Al-Rabiah...

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Sports | Sunday 31 December, 2017 9:46 am

Crown Prince awards Crown Prince Cup to Prince Faisal Bin Khaled

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense awarding the Crown Prince Cup to Prince Faisal Bin Khaled, emir of Asir region and owner of the horse Al-Shamly, which won the annual horse race at King Abdulaziz race course in Al-Janadriyah in Riyadh Saturday evening. ...

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Government | Sunday 31 December, 2017 9:43 am

Inspection tours to detect VAT violations

The Ministry of Commerce and Investment (MCI) in cooperation with the General Authority of Zakat and Tax (GZAT) will intensify its inspection tours of markets and companies to detect commercial violations before Value Added Tax (VAT) comes into force on Jan. 1. The inspection tours will be...

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Business & Money | Saturday 30 December, 2017 12:20 pm

Makkah forum to boost innovation, leadership

An initiative to encourage innovators and entrepreneurs and to discover creative talents begins at the Makkah Cultural Forum on Jan. 7. The forum, “How to be an example,” is run under the cooperation of King Abdullah University for Science and Technology (KAUST) in the innovation...

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Culture & Education | Saturday 30 December, 2017 11:17 am

Al-Shirayian named chairman of Al-Ekhbariya Network Company

Minister of Culture and Information Awwad Al-Awwad on Friday issued an order, appointing Executive President of the Radio and Television Authority Dawud Al-Shirayian as the chairman of the Board of Directors of Al-Ekhbariya Network Company. He also appointed Abdul Aziz Al-Fahd, Khalid...

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Business & Money | Saturday 30 December, 2017 10:30 am

Apple, Amazon in licensing talks with Saudi Arabia

APPLE and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Muhammad Bin Salman’s push to give the Kingdom a high-tech look. A third source confirmed that Apple was in talks with SAGIA, Saudi Arabia’s...

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Government | Friday 29 December, 2017 3:45 pm

King receives Kuwait's deputy PM

Custodian of the Two Holy Mosques King Salman receives Kuwait’s First Deputy Premier and Minister of Defense Sheikh Nasser Sabah Al-Ahmad Al-Sabah at Al-Auja Palace in Diriyah, Riyadh, on Thursday. They reviewed fraternal relations between the two countries. King Salman later hosted a...

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Business & Money | Friday 29 December, 2017 2:10 pm

Uber sells 15% stake to SoftBank

SoftBank (SFTBF), the Japanese conglomerate, has reached a deal to invest more than $7 billion in Uber for a 15% stake in the ride-hailing startup, according to sources familiar with the deal.    The vast majority of that investment comes from SoftBank buying up shares held by...

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