Business & Money | Thursday 28 October, 2021 9:39 am

SABIC turns to net profit in first nine months of 2021

Saudi Basic Industries Corp. (SABIC) made SR18 billion in net profits in the first nine months of 2021, compared to a net loss of SR2.6 billion in the same period last year. The company attributed the rise to higher average selling prices, it said in a bourse filing.  ...

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Business & Money | Thursday 28 October, 2021 9:35 am

Riyadh region’s largest city economy: 44 multinational companies to open regional HQs

A total of 44 multinational companies (MNCs) received on Wednesday licenses to move their regional headquarters to Riyadh. The licenses were issued at the 5th edition of the Future Investment Initiative, attended by the world’s most influential leaders in business and government.Among the...

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Tourism & Hospitality | Thursday 28 October, 2021 1:03 am

Majid Al Futtaim’s VOX Cinemas opens its first movie theatre in Jubail

VOX Cinemas, the dedicted cinema arm of  Majid Al Futtaim, has launched its latest cinema at Galleria Mall – Jubail, underpinning its commitment to make entertainment experiences accessible to everyone across Saudi Arabia and contribute to the growth of the entertainment industry in the ...

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Business & Money | Thursday 28 October, 2021 12:07 am

Bahri Receives Prestigious Recognition for Excellence in Youth Empowerment at GCC GOV HR Awards 2021

In recognition of its pioneering initiatives to empower the youth, Bahri, a global leader in logistics and transportation, was named the ‘Organization of the Year for Youth Empowerment’ at the prestigious GCC GOV HR Awards 2021 held recently in Dubai in conjunction with the 9th Annual GOV HR...

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Culture & Education | Wednesday 27 October, 2021 9:38 am

Misk Foundation celebrates the launch of the first program, Area 2030

Prince Mohammed Bin Salman Foundation (MiSK Foundation) has celebrated in Tarif neighborhood in Diriyah the launch of "Leaders 2030", the first edition of a program of its kind in Saudi Arabia, in the presence of Minister of Energy Prince Abdulaziz Bin Salman and several senior ministers and...

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Government | Wednesday 27 October, 2021 1:20 am

National Infrastructure Fund created; target funding SR200 billion projects in 10 years

The National Development Fund (NDF) on Monday announced the establishment of the National Infrastructure Fund, which was approved by the Council of Ministers as one of the subsidiary development funds and banks of NDF.In a statement, NDF said that the new fund would contribute to achieving the...

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Business & Money | Wednesday 27 October, 2021 12:08 am

Fashion, money, power and sustainability: Welcome to the new FII

The Future Investment Initiative Forum returned to Riyadh on Tuesday, two years after the city last hosted the event, at which powerful and affluent people from around the world traditionally gather to look for big contract opportunities. But this year, the fifth staging of the forum, is...

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Business & Money | Tuesday 26 October, 2021 9:50 am

Saudi EXIM Bank, Japan’s SMBC, Sign MoU

The Saudi Export-Import Bank and the Sumitomo Mitsui Banking Corporation (‘SMBC’) have signed a Memorandum of Understanding (‘MoU’) that would see the Japanese banking giant cooperating with Saudi EXIM with a view to providing more financial solutions to Saudi and Japanese...

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Government | Tuesday 26 October, 2021 12:01 am

Custodian of the Two Holy Mosques Chairs Cabinet's Virtual Session

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, Prime Minister, chaired the Cabinet's virtual session today.At the outset of the session, the Custodian of the Two Holy Mosques briefed the Cabinet on the content of the letter received from King Hamad bin Isa Al Khalifa of...

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Government | Monday 25 October, 2021 10:58 pm

HRH Crown Prince Announces Conclusion of “Middle East Green Initiative Summit”

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Deputy Prime Minister, announced the conclusion of the "Middle East Green Initiative Summit”, which was held today in Riyadh, with wide international participation led by heads of states, leaders of world countries and...

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