Culture & Education | Thursday 25 October, 2018 2:47 pm

SAR 3.0 Billion Mou to Build New Network of Schools in Saudi Arabia

In a major step forward towards opening up its education sector for foreign investment, Saudi Arabia has announced an ambitious partnership between GEMS Education and Hassana Investment Company, the investment arm of the General Organization for Social Insurance “GOSI”. The...

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Business & Money | Thursday 25 October, 2018 4:47 am

Princess Reema: Investment will take Saudi eSports to next level

Greater investment in eSports would boost the Saudi economy and help young gamers better compete in the global — if virtual — arena, one of the Kingdom’s top sporting officials has said.  Princess Reema bint Bandar, of the General Sport Authority, told the Future...

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Business & Money | Thursday 25 October, 2018 4:41 am

MBS: Middle East can be the ‘new Europe’

The Middle East can be the “new Europe,” Saudi Crown Prince Mohammed bin Salman said on Wednesday as he vowed to see the region thrive economically.  The crown prince told a packed audience at the Future Investment Initiative forum in Riyadh that he would like to see the...

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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 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 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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Business & Money | Wednesday 24 October, 2018 12:48 am

Saudi Arabia's Crown Prince and Jordan's King Abdullah II arrive at FII 2018

Saudi Arabia's Crown Prince Mohammed bin Salman and Jordan's King Abdullah II have arrived at the Future Investment Initiative. ...

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