Business & Money | Friday 26 April, 2019 1:04 am

Alkhabeer Capital celebrates 8th consecutive year among best workplaces by Great Place to Work® Institute

Alkhabeer Capital, a prominent asset management company specializing in alternative investments, announced today that it has been ranked as the best workplace in Saudi Arabia within the financial services sector by Great Place to Work®. The company climbed three spots in the 2019 ranking to...

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Business & Money | Thursday 25 April, 2019 3:20 pm

CMA, Tadawul and Debt Management Office Announce Enhancements to Sukuk and Bonds Market

The Capital Market Authority (CMA), the Saudi Stock Exchange (Tadawul) and the Debt Management Office (DMO) unveiled a number of enhancements to the fees and commissions’ structure of the Sukuk and Bonds Market in a joint effort to further develop the capital market. According to the...

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Business & Money | Thursday 25 April, 2019 1:00 pm

SADAFCO Announces Completion of Jeddah Central Warehouse Project

Saudia Dairy and Foodstuff Company (SADAFCO)announced that its Jeddah Central Warehouse, the largest in the company’s network, is now operational. The facility has a capacity up to 42,000 pallets, and total building, automation & semi-automation, and engineering & equipment costs...

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Business & Money | Thursday 25 April, 2019 5:19 am

SAGIA Launches Venture Capital Platform at Financial Sector Conference

Reflecting the wealth and diversity of opportunities that the Kingdom of Saudi Arabia offers international businesses and investors, the Saudi Arabian General Investment Authority (SAGIA) has launched VENTURE by Invest Saudi, a new initiative aimed at attracting global venture capital firms to the...

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Business & Money | Thursday 25 April, 2019 3:30 am

Saudi future is bright: HSBC CEO

Global finance chiefs are attending a two-day Financial Sector Conference in Riyadh reposing confidence in the Kingdom and its economy. Big investors in Saudi Arabia appear to be focused on potential deals in the largest Arab economy and the world’s top oil exporter as it opens up under a...

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Culture & Education | Thursday 25 April, 2019 2:32 am

Prince Khaled approves three new Islamic museums in Makkah

Emir of Makkah Prince Khaled Al-Faisal has approved the establishment of three new Islamic museums in the holy city in addition to a seasonal exhibition. The museums will be located at the headquarters of Jabal Omar Company under the supervision of the Authority for the Development of...

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Business & Money | Wednesday 24 April, 2019 4:04 pm

Tawuniya announces the first health program of its kind in the Middle East and North Africa in partnership with Vitality Group

The Company for Cooperative Insurance (Tawuniya) has signed an agreement, which is the first of its kind in the Saudi insurance market with Vitality Group, the global leader in integrating wellness benefits with insurance products. Part of Discovery Group, Vitality operates its Shared-Value...

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Business & Money | Wednesday 24 April, 2019 10:00 am

NCB’s Net Income reached SAR 3.2 Billion for the First Quarter of 2019

The National Commercial Bank announced that net income for the first quarter of 2019 reached SAR 3,165 million compared to SAR 2,987 million for the same quarter of the previous year, an increase of 6.0% and an increase of 19.5% from the previous quarter’s net income of SAR 2,647...

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Business & Money | Wednesday 24 April, 2019 3:30 am

Saudi charity delegation joins international C20 summit in Japan

A top-level delegation from Saudi charitable organization, the King Khalid Foundation (KKF), has attended the influential C20 summit in Japan. The conference gathering in Tokyo of civil society organizations from throughout the world, is an engagement group of the G20 international...

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Sports | Wednesday 24 April, 2019 2:54 am

Youth pillars of reform plan, future of Saudi Arabia

Young people in Saudi Arabia are the pillars of the country’s reform plan and the future of the Kingdom, the Saudi Press Agency (SPA) reported Prince Abdul Aziz bin Turki Al-Faisal as saying. The prince said that 70 percent of the country’s population were aged between 15 and 35, and...

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