Business & Money | Monday 30 March, 2020 5:26 am

COVID-19: Information on Nissan operations in Africa, Middle East, India region

In response to the continuing COVID-19 outbreak, Nissan has announced a temporary suspension to production in its Africa, Middle East and India region. This action follows the advice and guidance of respective national governments, and is being taken to safeguard the wellbeing of staff,...

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Business & Money | Monday 30 March, 2020 3:44 am

ADDED and World Bank discuss preparations for Doing Business 2021 report

Via a videoconference, H.E. Rashed Abdul Karim Al Balooshi, Undersecretary of Abu Dhabi Department of Economic Development (ADDED), recently held a virtual meeting with members of the Word Bank to discuss the evaluation processes for Abu Dhabi in terms of the...

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Business & Money | Monday 30 March, 2020 3:33 am

SAMA pledges financial support for those hit by coronavirus crisis

 The Saudi Arabian Monetary Authority (SAMA) has pledged to support people living in the Kingdom who lose their jobs as a result of the ongoing coronavirus crisis – offering financial support for any charges incurred as a result.  “The measures taken include supervisory...

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Business & Money | Monday 30 March, 2020 2:31 am

BMW and CNN Join Forces to Explore the Art of Leadership

In times of uncertainty, inspiring people play an even more important role in sustaining society. The BMW Group and CNN International Commercial (CNNIC) have teamed up to portray the stories and attitude of some of the most remarkable creatives, artists and leaders of our time through two unique...

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Business & Money | Sunday 29 March, 2020 10:53 am

Saudi Re Posts Strong 2019 Financial Results

Saudi Reinsurance Company (Saudi Re), listed on the Saudi Stock Exchange (Tadawul), reported a net profit before zakat of SR 59.32 million for the full year ended 31 December 2019, a three-fold increase (332%), from SR 13.72 million in the same period last year.   Gross written premium...

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Business & Money | Sunday 29 March, 2020 3:36 am

Saudi municipalities cleaning up to combat coronavirus

Municipalities in Saudi regions have stepped up their environmental sanitation campaign and sterilization of public sites, markets and streets to prevent the spread of the coronavirus disease (COVID-19). Atif Al-Sharaan, mayor of Al-Jouf region, said that the municipality is working to disinfect ...

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Business & Money | Saturday 28 March, 2020 5:03 pm

B20 Saudi Arabia welcomes the G20 Leaders’ commitment to tackle the COVID-19 pandemic

B20 Saudi Arabia welcomes the statement on the need for global coordination to respond to the impact of COVID-19, announced at the end of the Extraordinary G20 Leaders’ Summit. We commend the leadership of the Kingdom of Saudi Arabia, in particular The Custodian of the Two Holy Mosques King...

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Business & Money | Saturday 28 March, 2020 4:56 pm

A virtual G20 summit — but it offered genuine reassurance

It is a good sign when the G20 produces its traditional communique within minutes of the formal close of a summit of world leaders. It means there was genuine and broad agreement on the issues under discussion, and that there were no tricky last-minute “accommodations” to be made to...

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Business & Money | Saturday 28 March, 2020 3:57 pm

The Ministry of Hajj and Umrah urges minor pilgrim doers to take advantage of the exemption period, before the deadline

Ministry of Hajj and Umrah, in cooperation with the General Directorate of Passports, announced that, in addition to what it announced on Rajab 28, 1441 AH corresponding to March 23, 2020 AD, it provided an opportunity for all pilgrims whose visas ended and those who were late to leave to their...

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Business & Money | Saturday 28 March, 2020 3:53 pm

G20 Summit emphasizes the necessity for revitalization of the global economic growth

Saudi newspapers highlighted in their editorials today a number of issues, at local, regional and international arenas. Dammam-based Al-Yaum and Jeddah-based Al-Bilad newspapers, respectively, shed lights in their editorials, the announcement made by the Kingdom of Saudi Arabia to hold the...

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