Business & Money | Sunday 26 April, 2020 1:13 am

SAL launches state-of-the-art facilities at KKIA

Saudi Arabian Logistics (SAL) has moved some of its services to the newly launched facilities at King Khalid International Airport (KKIA). This comes in line with SAL new operational plan aiming to enhance ground-handling services and streamline the cargo acceptance procedures through the...

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Government | Saturday 25 April, 2020 6:16 pm

SAMA Program Package Contributes to Back up Private Sector against Covid-19 Financial, Economic Impacts

Saudi Arabian Monetary Authority (SAMA) announced a plan of action worth about SR50 billion, in the first phase, aiming to provide the private sector with aid, in order to consolidate its role in bolstering the national economic growth, through a program package of measurements, including...

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Healthcare | Saturday 25 April, 2020 5:26 pm

On Behalf of G20, Minister of Finance Calls for Cooperation with All Active Organizations to Face Coronavirus Pandemic

The World Health Organization (WHO) launched today a global coalition to accelerate the development and production of a vaccine for the novel coronavirus, and distribute safe and effective technologies for prevention and diagnosis so that they are available to all who need them all over the...

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Tourism & Hospitality | Saturday 25 April, 2020 3:23 pm

G20 Tourism Ministers Express Sympathy for the Loss of Human Life Caused by Coronavirus Pandemic

The Virtual Meeting of G20 Tourism Ministers was concluded by issuing a final communique which reads as follows: "We, the Tourism Ministers of the G20, express our deepest sympathies for the tragic loss of lives due to the COVID-19 pandemic and the suffering faced by people around the world....

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Business & Money | Friday 24 April, 2020 11:41 am

Closure of April 2020 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program

The Ministry of Finance announces that it has closed the April 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 5.550 billion.The Sukuk issuances were divided into two tranches as follows:The first tranche has a size of SAR 1.300...

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Business & Money | Friday 24 April, 2020 2:16 am

Bahri’s net profit soars 134% in first quarter despite COVID-19 challenges

Bahri, a global leader in logistics and transportation, on Wednesday reported strong growth in net profit during the first quarter of 2020 despite challenges posed by the global COVID-19 pandemic. The increase in quarterly earnings was driven by a significant improvement in the performance of the...

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Business & Money | Friday 24 April, 2020 1:13 am

SAMI appoints Walid Abukhaled as acting CEO

The Board of Directors of Saudi Arabian Military Industries (SAMI) announced the appointment of Eng. Walid Abukhaled as acting CEO to oversee the company’s operations starting from April 23, 2020, until further notice. Eng. Abukhaled will be taking over from Dr. Andreas Schwer who served as CEO...

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Business & Money | Thursday 23 April, 2020 12:56 pm

The FII Institute Series Launches With a Future-oriented Virtual Event: "Beyond the Crisis: Technology to the Rescue" on April 23rd

The Future Investment Initiative (FII) Institute kicks off by hosting an exclusive virtual event on April 23rd, moderated by entrepreneur and futurologist, Dr. Peter H. Diamandis. This inaugural meeting marks the start of the FII Institute Series, bringing together an influential group of...

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Business & Money | Thursday 23 April, 2020 12:16 pm

Saudi SABIC to distribute SAR 2.2/shr for H2-19

The Saudi Basic Industries Corporation (SABIC) announced that its ordinary general meeting (OGM) has approved the board of directors’ recommendation to distribute cash dividends to shareholders for the second half (H2) of 2019. With a total amount of SAR 6.6 billion, the dividends will be...

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Business & Money | Thursday 23 April, 2020 12:15 pm

SAGO Issues Tender to Import 655,000 Tons of Wheat

Saudi Grains Organization (SAGO) announced today that it has issued the third tender for the year of 2020 to import 655,000 tons of wheat to be supplied during the period of July-August 2020.Governor of SAGO Eng. Ahmad Abdulaziz Al-Fares stated that the amount specified in the tender is distributed ...

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