Business & Money | Sunday 3 May, 2020 2:23 am

Finance Minister: The Kingdom Has Taken Firm and Quick Measures to Maintain Human Safety

The Minister of Finance and Acting Minister of Economy and Planning, Mohammed bin Abdullah Al-Jadaan, confirmed that the Kingdom of Saudi Arabia has faced this crisis from a position of strength. The Kingdom has taken several steps during the past several years, based on Saudi Vision 2030 and on...

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Healthcare | Sunday 3 May, 2020 2:17 am

KSA Ministry of Health Leads Advance Clinical Studies, on 4 Innovative Techniques for Coronavirus Treatment

The Ministry of Health, in collaboration with the World Health Organization (WHO) conducts advanced clinical studies, in seven different centers, at the several hospitals, across the Kingdom, to combat novel Coronavirus.The process have been launched, coincidently, at King Faisal Specialist...

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Business & Money | Saturday 2 May, 2020 5:45 pm

Saudi Arabia’s Social Development Bank allocates $2.39bn aid for small businesses

The Social Development Bank (SDB) in Saudi Arabia has recently launched new initiatives to support small businesses in the Kingdom, as well as self-employed entrepreneurs, state news agency SPA reported. The move comes as the country explores ways to support the local economy, which has taken...

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Business & Money | Saturday 2 May, 2020 9:41 am

Moody’s affirms Saudi Arabia’s rating at A1, modifies outlook

Moody’s Investors Service, one of the world's leading rating agencies, affirmed Saudi Arabia’s sovereign credit rating at “A1”, however, it modified Kingdom’s outlook to “negative” from “stable”, Saudi Press Agency reported on Friday.The change in future outlook was the result of...

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Business & Money | Friday 1 May, 2020 2:43 pm

GASTAT Releases Results of Umrah Statistics Bulletin 2019

General Authority for Statistics (GASTAT) released the results of “Umrah Statistics Bulletin 2019” through its official website www.stats.gov.sa. The Report contains a number of Umrah-related indicators and results during 2019, which have been taken from Umrah Survey (for domestic Umrah...

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Business & Money | Friday 1 May, 2020 10:36 am

G20 Digital Economy Ministers Stress Promising Role of Digital Technologies in Enhancing COVID-19 Response

The Extraordinary G20 Digital Economy Ministerial Meeting by issuing a final communique which reads as follows:"We, the G20 Ministers responsible for the digital economy, emphasize the promising role of digital technologies and relevant digital policies to strengthen and accelerate our collective...

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Technology & IT | Thursday 30 April, 2020 11:56 am

Ministry of Communications and Information Technology launches International Hope Hackathon"

Ministry of Communications and Information Technology, today launched "Hope Hackathon" initiative, as part of "Gamers Without Borders - By Saudi" championship, which is the largest championship in the world of e-sports that the Kingdom recently launched. The hackathon, which was launched in...

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Business & Money | Thursday 30 April, 2020 9:02 am

Saudi-US Business Council, (B20) group conclude meeting on impact of Covid-19 disease on international business community

The Saudi-US Business Council and the Saudi Business Group (B20) concluded an open virtual meeting on the impact of Covid-19 disease on the international business community, highlighting the necessary measures to ensure that global markets operate efficiently during future...

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Business & Money | Thursday 30 April, 2020 1:35 am

The Red Sea Development Company Identifies Optimum Location of Overwater Assets

Saudi Arabia, Riyadh (Date 29 April 2020): The Red Sea Development Company (TRSDC), the developer behind one of the world’s most ambitious tourism projects, has shared details of an activity to identify the location of its overwater assets around four key islands at the destination. This...

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Business & Money | Wednesday 29 April, 2020 2:16 pm

Saudi Arabia posts SR34 billion deficit in Q1 2020

Saudi Arabia's budget deficit in the first quarter of 2020 stood at SR34.107 billion ($9.07 billion), according to a report released by the finance ministry early Wednesday.According to the figures in the report, the Kingdom recorded total revenues worth SR192.072 billion ($51.219 billion) in the...

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