Business & Money | Wednesday 30 January, 2019 2:33 pm

Saudi banks denies circulating anticipations on other mergers

Talat Hafiz, secretary general, Media and Banking Awareness Committee of Saudi Banks said that there is no truth about news and expectations of new possible mergers among Saudi banks except what was announced earlier, particularly the merger agreement between SABB Bank and Alawwal Bank, and...

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Business & Money | Wednesday 30 January, 2019 11:23 am

Hormann’s JAFZA factory starts production of steel fire rated hinged doors

Hormann’s new factory in JAFZA has started rolling out steel fire rated hinged doors to meet demands from Middle East customers.  One of the world’s largest producers of industrial, commercial and residential doors, Hormann opened its new 4,800 square meter production line in...

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Business & Money | Wednesday 30 January, 2019 4:31 am

Saudi Exports launches finance initiative to boost business export capacity

The Saudi Export Development Authority (Saudi Exports) launched the Export Finance Enhancing Initiative under the Private Sector Stimulus Plan by signing agreements with the Saudi Industrial Development Fund and the International Islamic Trade Finance Corporation (ITFC) Non-oil exports are one...

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Business & Money | Wednesday 30 January, 2019 3:41 am

Aramco, TechnipFMC, Axens advance catalytic crude to chemicals technology

Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, on Tuesday signed a Joint Development and Collaboration Agreement (JDCA) with Axens and TechnipFMC to accelerate the development and commercialization of the company’s Catalytic Crude to Chemicals (CC2C) technology....

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Business & Money | Wednesday 30 January, 2019 3:27 am

Saudi Arabia announces creation of Neom Company

Saudi Arabia has set up NEOM, the world’s future destination for dreamers and innovators, as a closed joint-stock company fully owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund. The change in the legal status of NEOM will allow the company to create 16 economic...

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Business & Money | Tuesday 29 January, 2019 4:01 pm

16th edition of the Saudi Plastics and Petrochemicals Exhibition successfully launched with more than 154 exhibitors

The 16th edition of theSaudi Plastics and Petrochemicals Exhibition was launched on 27 January 2019, at the Jeddah Center for forums and events, in the presence of his Highness Saud Bin Abdullah Bin Mansour Bin Jalwi, advisor to the Governor of Makkah Region, Undersecretary of Jeddah...

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Business & Money | Tuesday 29 January, 2019 3:21 pm

Badiri Social Entrepreneurship Programme’s Debut Edition Enriches the Uae With 13 Female-led Social Enterprises

At the end of the pilot edition of the Badiri Social Entrepreneurship Programme (BSEP), 13 socially-driven UAE-based female entrepreneurs are equipped with the knowledge, guidance and expertise they need to start-up their social enterprises, or take existing businesses to the next...

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Business & Money | Tuesday 29 January, 2019 3:16 pm

SAUDI EXPORTS launches the Export Finance Enhancing Initiative within the Private Sector Stimulus Plan

Non-oil exports are one of the fundamental pillars of vision 2030; this was demonstrated by the wise leadership’s Royal Decree of approving the Private Sector Stimulation Plan and allocating 5 billion SAR to the initiative of enhancing Saudi exports financing as a part of the capital of Saudi ...

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Business & Money | Tuesday 29 January, 2019 1:15 pm

Double the success for Bidaya Home Finance at prestigious global awards event

Saudi home finance specialist, Bidaya, has won two prestigious awards and has been recognised as a global leader in a worldwide search for the best consumer banking products. The Riyadh-based company was named ‘Best Home Finance Provider’ and also won the ‘Best Digital...

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Business & Money | Tuesday 29 January, 2019 11:55 am

HVAC R Expo Saudi Officially Opens Doors in Riyadh

Eng. Mansour Al-Shathri, Vice Chairman of the Riyadh Chamber of Commerce and Industryhas officially inaugurated HVAC R Expo Saudi and co-located FM EXPO Saudi & Saudi Clean Expo at the Riyadh International Convention & Exhibition Centre (RICEC). Eng. Mansour Al-Shathri took a tour of the...

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