Tourism & Hospitality | Thursday 1 August, 2019 1:58 pm

Saudi Arbian Airlines (Saudia) Welcomes Hajj Guests From All Over the World

SAUDIA is currently in the midst of the Hajj season whereby an increase of nearly 10% more guests is projected, over last year’s figures. The Hajj guest traffic is being carried on both regular scheduled commercial flights, as well as dedicated charter flights. There are 15 leased widebody ...

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Government | Thursday 1 August, 2019 2:00 am

SAMA's decision on repo and reverse repo rates

SAMA has decided to lower its repo rate from 300 basis points to 275 basis points, and its reverse repo rate from 250 basis points to 225 basis points with immediate effect. Rate adjustments are in line with SAMA's objective of preserving monetary stability. ...

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Tourism & Hospitality | Thursday 1 August, 2019 1:40 am

First American airline flight in 22 years arrives in Saudi Arabia

The first American airline flight to arrive in Saudi Arabia since 1997 landed in Jeddah on Wednesday carrying 168 Hajj pilgrims. The Miami Air chartered flight from Ohio touched down at King Abdulaziz International Airport on Wednesday afternoon, a General Authority of Civil Aviation (GACA)...

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Business & Money | Thursday 1 August, 2019 1:30 am

NCB achieved SAR 6.2 billion net income for the First Half of 2019,

The National Commercial Bank announced that its net income before calculating Zakat and income tax for the first half of 2019 reached SAR 6,239 million compared to SAR 5,653 million for the same period of the previous year, with an increase of SAR 585 million and a growth of 10.4%. Moreover,...

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Business & Money | Wednesday 31 July, 2019 4:49 pm

ENGIE sign a 30 MWp solar PV contract to supply power to NADEC in KSA

NADEC launched the project to provide electricity from a dedicated 30 MWp solar PV facility in NADEC City, in the Haradh region (265 kms South-East from Riyadh) with the primary objective of supporting its energy transition process. The implementation of this project is expected to reduce...

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Healthcare | Wednesday 31 July, 2019 12:29 pm

Shaza Makkah Blood Donation Campaign makes a Vital Contribution to the Holy City’s Blood Bank

Shaza Makkah conducted a Blood Donation campaign on 14 July 2019 in order to make a vital contribution to the Holy City’s blood bank. Held in the hotel’s beautiful Noor Hall, the campaign also aimed at creating greater awareness of the need for citizens and residents to show care for...

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Culture & Education | Wednesday 31 July, 2019 10:22 am

Alwaleed Philanthropies supports the first young female Saudi Scouts to attend 2019 World Scout Jamboree, USA

Alwaleed Philanthropies, the global foundation that empowers women and youth and invests in programs to support cross-cultural understanding, is participating in the 2019 World Scout Jamboree by supporting the first five young female Saudi Scouts to attend the event. The Scouts will participate in...

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Healthcare | Wednesday 31 July, 2019 7:43 am

Saudi Red Crescent Authority roll out what3words location technology in a revolutionary move to improve response times ahead of Hajj

 The Saudi Red Crescent Authority announces it has partnered with what3words, helping those in need of medical attention to be found faster and respond to incidents more effectively. The partnership, launching ahead of the busy Hajj period, will enable callers to use 3 word addresses,...

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Business & Money | Wednesday 31 July, 2019 7:05 am

Air Arabia receives the second A321neo LR

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), received its second Airbus (A321neo Long Range). The aircraft flew nonstop from Hamburg, Germany to Sharjah International Airport.   The addition of the second A321neo LR will enable Air Arabia ...

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Government | Tuesday 30 July, 2019 7:25 pm

Ministry of Finance Releases Q2 2019 Budget Performance Report

His Excellency the Minister of Finance, Mohammed bin Abdullah Al-Jada’an announced today, July 30, 2019, the 2nd Quarter Performance Report of the state's budget for the fiscal year 2019. The fiscal data reflect improvement in financial performance during the first half of this year...

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