Business & Money | Thursday 25 October, 2018 4:31 am

DP World Group Chairman and CEO discusses impact of geographies on innovation at Saudi conference

Global trade enabler DP World has highlighted its ambition to use Hyperloop and blockchain technologies to revolutionize the movement of cargo across borders. Speaking at the Future Investment Initiative in Riyadh, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, already the...

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Business & Money | Thursday 25 October, 2018 4:30 am

Registration for IRU World Congress in Muscat Hits Record High

Only few days away from one of the largest international events for road transport, mobility and logistics, registration for the International Road Transport Union (IRU) World Congress in Muscat has hit an all-time high. Organised by the IRU and hosted by ASYAD in collaboration with the Ministry of ...

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Business & Money | Thursday 25 October, 2018 2:51 am

Agreements signed to improve digital services for pilgrims

Saudi Arabia has signed two agreements that aim to enhance the digital capabilities of services related to Hajj and Umrah, to make the experience easier and more enjoyable for pilgrims. Both were signed on the sidelines of the Future Investment Initiative gathering in Riyadh. The first is with...

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Business & Money | Wednesday 24 October, 2018 3:04 pm

Bahri supports Supply Chain and Logistics Conference as Diamond Sponsor

Reinforcing its commitment to the advancement of the maritime industry, Bahri, a global leader in logistics and transportation, supported the Supply Chain and Logistics Conference held under the patronage of Saudi Arabia’s Minister of Transportation, Dr. Nabil bin Mohammed Al-Amoudi, as a...

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Business & Money | Wednesday 24 October, 2018 11:50 am

NCB Achieved SAR 8,020 Million Net Income for the nine months of 2018

The National Commercial Bank announced that its net income for the nine months of 2018 reached SAR 8,020million compared to SAR 7,245million for the same period of the previous year, an increase of 10.7%.NCB’s net income for the third quarter reached...

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Business & Money | Wednesday 24 October, 2018 5:00 am

Deals worth more than $50bn signed at KSA Future Investment Initiative

At least 25 deals worth more than $50 billion have been signed at Future Investment Initiative (FII) in Riyadh. The contracts struck on the first day of the event included what were described as 12 “mega deals.” Among the projects announced on Tuesday in front of an audience of...

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Business & Money | Wednesday 24 October, 2018 5:00 am

PIF invested in 50-60 firms via SoftBank fund

Yasir Al-Rumayyan, the head of the Public Investment Fund (PIF), said during the opening session of the Future Investment Initiative that kicked off in Riyadh on Tuesday that around 10% of the Kingdom’s sovereign fund assets are international assets while 90% were local, adding that the Fund...

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Business & Money | Wednesday 24 October, 2018 3:30 am

Imran Khan: Pakistan needs loans to overcome debt crisis

Pakistan is seeking loans from the International Monetary Fund (IMF) and friendly countries to reservice debt and shore up its economy, prime minister Imran Khan said on Tuesday at the Future Investment Initiative forum here. “What we are hoping is that we do a bit of both, get a loan from ...

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Business & Money | Wednesday 24 October, 2018 3:22 am

MSS Organizes Workshop on Strategies to Safeguard Jobs

Model Service Society (MSS), a licensed social organization by the Community Development Authority (CDA) under the Government of Dubai, conducted a workshop on the topic: “Safeguarding Your Career” at Al Bustan Residence - Qusais, Dubai.  The three-hour program was framed based...

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Business & Money | Wednesday 24 October, 2018 2:49 am

Saudi Arabia’s Jabal Omar Development Company returns to profit

The Saudi developer behind the transformation of the center of Makkah — Jabal Omar Development Company — has returned to profit in the third quarter after a string of losses over the last year. The change in fortune will be welcomed by the Tadawul-listed company as it pushes forward...

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