Environment & Energy | Friday 6 October, 2017 5:09 am

Saudi Aramco concludes five MOUs with Russia s largest energy company

Saudi Aramco's CEO Eng. Ameen bin Hussein Al-Nasser today signed five MOUs with Russia's largest energy company on the sidelines of the Saudi Russian Investment forum, co-organized by the Saudi general investment authority, Saudi chambers of commerce and Direct Investment Fund of...

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Cars & Autos | Friday 6 October, 2017 4:24 am

All-new Genesis G80 Sport officially unveiled at Luxury Motor Show (EXCS11)

Genesis Saudi Arabia (AL Wallan Trading Company, Mohamed Yousuf Naghi Motors Co. and Al Majdouie Automotive Co.) is showcasing the all-new Genesis G 80 Sport at the 11th edition of the Luxury Motor Show (EXCS11), being held in Riyadh until Sunday, October 8.   The all-new Genesis G 80...

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Government | Friday 6 October, 2017 4:16 am

Makkah-Madinah high speed rail just months away from becoming operational

Field work on the Haramain Express Train, which connects the holy cities of Makkah and Madinah, is done and the entire project will be fully completed before the yearend, the Makkah Region Development Authority (MRDA) has said. In a statement reported by Al-Hayat newspaper on Thursday, the...

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Government | Friday 6 October, 2017 4:05 am

King, Putin oversee signing of landmark agreements

Saudi Arabia and Russia on Thursday signed several agreements, memoranda of understanding (MoU), and cooperation programs. The signing ceremony was held at Kremlin Palace in the presence of Custodian of the Two Holy Mosques King Salman and Russian President Vladimir Putin. Also, Putin held a...

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Business & Money | Thursday 5 October, 2017 7:59 pm

The 11th edition of the Luxury Motor Show (EXCS 11) in Saudi Arabia enjoyed a large female turnout

The 11th edition of the Luxury Motor Show (EXCS11), which was held at Four Seasons Hotel in Riyadh, Saudi Arabia, achieved unprecedented success in the light of the Royal Decree allowing women to drive.  The Show main hall was overwhelmed with ladies who visited the Show to learn about the...

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Business & Money | Thursday 5 October, 2017 5:05 pm

Investors & Exhibitors Laud Success of KSA Real Estate Event

The foundation has been laid for a promising future for the real estate sector in the Kingdom of Saudi Arabia with the conclusion of the first ever Restatex Cityscape Riyadh, which saw over 6,000 participants walk through its doors. The exhibition, which was held from September 27th until the...

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Business & Money | Thursday 5 October, 2017 9:53 am

BahriBunge Dry Bulk Ltd. office inaugurated in Dubai

Following the announcement of the joint venture agreement by Bahri, a global leader in transportation and logistics, and Koninklijke Bunge B.V. (“Bunge”), a wholly-owned subsidiary of Bunge Limited, a global agribusiness and food company, the two companies recently inaugurated the...

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Business & Money | Thursday 5 October, 2017 6:36 am

KSA processing 3 applications for banking licenses

The Saudi central bank has received three applications for banking licenses and processing them is at an advanced stage, central bank governor Ahmed Al-Kholifey told a news conference on Wednesday. Another central bank official said no more bank mergers were expected. Alawwal Bank and Saudi...

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Government | Thursday 5 October, 2017 2:59 am

A turning point in Saudi-Russian relations

King Salman arrived in Moscow on Wednesday for a historic and unprecedented state visit to Russia, the first by a Saudi monarch in almost a century of diplomatic ties. The king was greeted at Vnukovo airport by senior Russian officials and a military brass band. He will have talks with the Russian ...

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Government | Thursday 5 October, 2017 2:00 am

Crown Prince donates SR16 million to Qassim charities

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, has donated SR16 million from his own account to charitable societies in Qassim region. This was within the Project of Prince Muhammad Bin Salman to support charitable societies in all regions of the Kingdom. The money...

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