Culture & Education | Friday 21 December, 2018 1:00 am

Seminars, poetry nights to enrich Janadriyah fair

The 33rd Janadriyah Festival, an annual celebration of Saudi heritage and culture, that got underway on Thursday, will see a series of seminars and other events in Riyadh featuring guest speakers from the Kingdom and around the world, who will discuss a wide variety of cultural, political, social...

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Environment & Energy | Thursday 20 December, 2018 4:09 am

Saudi energy minister expects oil stocks to fall by end of first quarter

Saudi Arabia's energy minister, Khalid al-Falih, said he expects global oil stocks to fall by the end of the first quarter but added that the market remained vulnerable to political and economic factors as well as speculation. "We remain focused on fundamentals, I can tell you we will...

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Government | Thursday 20 December, 2018 4:04 am

Remittances fell by SR9bn in 4 years reaching SR125bn from SR134bn: Khulaifi

Saudi ministers highlighted their ministries’ goals in post-budget sessions on Wednesday, a day after the government announced a SR1.106 trillion budget, the Kingdom’s biggest ever. Economy Minister Mohammed Al-Tuwaijri said five sectors are prepared for privatization in the first...

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Business & Money | Thursday 20 December, 2018 3:07 am

Saudi corruption settlements will net "not significantly less" than $13 bln in 2019 -minister

Saudi Arabia's finance minister said on Wednesday that cash settlements from an anti-corruption campaign would net "not significantly less" in 2019 than the 50 billion Saudi riyals ($13.3 billion) collected in 2018. Mohammed al-Jadaan also said in a Reuters interview that...

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Tourism & Hospitality | Thursday 20 December, 2018 2:57 am

The Royal Commission of Al-Ula reveals a new wonder in Al-Ula at the launch of the Winter at Tantora Festival

The Royal Commission of Al-Ula today announced the launch of the Winter at Tantora festival which will see eight world-class artists perform across seven weeks. Alongside the launch, a new purpose-built concert venue, ‘Maraya’ was unveiled to the public.  Set against the...

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Business & Money | Thursday 20 December, 2018 2:08 am

Saudi government to pay private sector dues 'within months'

Outstanding payments owed by the Saudi government to private-sector firms will be made “within months,” the Kingdom’s economy minister has said. The crash in oil prices from mid-2014 forced the government to slash projects and delay payments to some contractors and suppliers,...

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Business & Money | Wednesday 19 December, 2018 4:00 pm

Alawwal bank awarded ‘CEO of the Year in Retail Banking’ after a successful year of innovation

Alawwal bank Managing Director, Soren Nikolajsen, has been awarded ‘CEO of the year in Retail Banking’ at the Enterprise Agility Awards, 2018 held in Dubai. The award recognises a year of continuous improvements by the bank, investing in new digital services and modernising its branch...

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Business & Money | Wednesday 19 December, 2018 11:36 am

Nokia showcases innovative technologies at SASG 2018 in Saudi

to enable the digital transformation of utilities for improved efficiency, safety, reliability and new business models Nokia reiterates its demonstrates improved operational efficiency with its cutting-edge technology...

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Culture & Education | Wednesday 19 December, 2018 2:43 am

Arab media ministers vow to make joint efforts against challenges

Saudi Arabia’s Media Minister Dr. Awwad Al-Awwad and his Arab counterparts on Monday pledged to devise a joint Arab strategy to overcome the challenges facing the region. The meeting was held on the sidelines of an event organized to celebrate the selection of Riyadh as the capital of Arab...

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Government | Wednesday 19 December, 2018 1:39 am

Saudi Arabia’s 'record' 2019 budget boosts spending by 7%

Saudi Arabia plans to increase state spending by more than 7 percent in 2019, according to a record budget announced on Tuesday. King Salman said the budget was the largest in the Kingdom’s history, aiming to support economic growth and achieve financial stability. “We are...

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