Business & Money | Wednesday 2 December, 2020 3:02 am

KPMG: Saudi banks on the journey of customer endurance based on strong capital and liquidity base

KPMG, the leading provider of audit, tax and advisory services inSaudi Arabia, published the latest edition of its “Banking Pulse,” a quarterly report series,highlighting the latest developments in the Kingdom's banking sector following thedisclosure of third-quarter 2020 financials by...

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Business & Money | Tuesday 1 December, 2020 5:19 am

Saudia Cargo is ready to transport and receive coronavirus vaccine

Omar Hariri, CEO of Saudia Cargo and chairman of the Saudi Arabian Logistics Co. (SAL), said that all arrangements and capabilities have been put in place to receive the consignment of coronavirus vaccine after its approval by the relevant authorities.  “The Model Cargo Village at King...

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Culture & Education | Tuesday 1 December, 2020 4:13 am

Saudi university to establish scientific lab to detect genetic diseases

The King Abdul Aziz City for Science and Technology (KACST) and the Sultan bin Abdul Aziz Humanitarian City  (SBAHC) on Monday joined hands for the establishment of the Saudi Genome Subsidiary Program laboratory at SBAHC. The lab will serve as a research platform for the...

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Business & Money | Tuesday 1 December, 2020 1:18 am

Saudi rights body signs deal to launch programs for prisoners’ rights

Dr. Awwad Al-Awwad, president of the Human Rights Commission, on Monday said the Kingdom attaches great importance to the rights of prisoners and provides them with comprehensive care through various rehabilitation programs to help them integrate into society and become productive citizens. He ...

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Tourism & Hospitality | Monday 30 November, 2020 2:17 pm

Dur Hospitality inaugurates the Holiday Inn & Suites Al Jubail Hotel

In line with its rigorous expansion strategy, Dur Hospitality has inaugurated the 4-star Holiday Inn & Suites in Al Jubail Industrial area, adding a new and noteworthy property to its rich lineup of hotels and accommodation offerings spread all around the Kingdom.  The new hotel will...

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Environment & Energy | Monday 30 November, 2020 1:31 pm

Aramco Announces Expansion of Its Flagship Localization Program

Aramco today announced the expansion of its flagship program to increase local content and boost domestic supply chains. It is a significant milestone in the company’s In-Kingdom Total Value Add (iktva) program, which marks its fifth anniversary on December 1st. The expansion includes plans for...

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Business & Money | Monday 30 November, 2020 4:13 am

Saudi minimum wage will apply to all existing, new workers: ministry

The Ministry of Human Resources and Social Development said that the decision to raise the minimum wage calculation for Saudis from SAR 3,000 ($800) to SAR 4,000 ($1,066) applies to all existing and new workers in the Saudi labor market. The employee, earning less than SAR 4,000, will be...

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Business & Money | Monday 30 November, 2020 12:11 am

Saudi Pavilion at Expo 2020 Dubai Announces Completion of Construction

The Kingdom of Saudi Arabia Pavilion at Expo 2020 Dubai, which began construction in February 2019, announced today the close of construction and complete readiness for the landmark World Expo – the first in the Arab region - set to take place in October 2021.The iconic Kingdom of Saudi Arabia...

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Technology & IT | Sunday 29 November, 2020 3:16 pm

Zain KSA completes capital restructuring, remaining offer of priority shares oversubscribed by 469%

“Zain KSA” has announced that the oversubscription rate in the remaining priority right issues has reached 469%, following an unprecedentedly high demand from corporate investors. The company stated that these recent developments are part of its capital restructuring plan, which included two...

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Business & Money | Sunday 29 November, 2020 2:09 pm

Saudi Urban20 Chair Wishes Italy ‘buona Fortuna’ With the 2021 Urban20 Presidency

The Urban20 (U20) Chair, His Excellency Fahd Al-Rasheed, President of the Royal Commission for Riyadh City has today wished his Italian counterparts good luck or “Buona Fortuna” as Italy prepares to take up the reins of the 2021 G20 Presidency and the engagement group of cities, the...

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