Government | Sunday 21 April, 2024 9:54 am

SAMA Governor stresses importance of global economy flexibility amid current challenges

Ayman Al-Sayari, Governor of the Saudi Central Bank (SAMA), stressed the importance of the global economy flexibility amid the current challenges and the balance of risks that threaten economic prospects. At the IMF/WB 2024 Spring Meetings, held in Washington, DC, Al-Sayari pointed to the...

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Government | Sunday 21 April, 2024 8:57 am

Deloitte launches Kiyadat to advance GCC national talent into leadership roles

Deloitte Middle East announced the launch of Kiyadat, a center of excellence designed to empower national talent across the Gulf Cooperation Council (GCC) region. In Arabic, "Kiyadat" translates to "Leaders", symbolizing the commitment to fostering national talent and paving their way towards...

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Government | Friday 19 April, 2024 10:51 am

Alstom seals deal to upgrade automated people mover system at Jeddah's KAIA

France-based global rail transport company Alstom signed a contract to upgrade the Innovia automated people mover (APM) system at the King Abdulaziz International Airport (KAIA), Jeddah, according to a company statement. Under the contract, Alstom will provide design, engineering,...

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Government | Friday 19 April, 2024 7:35 am

Saudi Arabia starts reducing payment of accumulated traffic fines by 50%

The General Department of Traffic (GDT) started April 18, reducing the payment of accumulated traffic fines by 50%. The decision applies traffic violations committed by Saudi nationals, residents, visitors, and GCC nationals before today, GDT said in a statement.  To...

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Government | Wednesday 17 April, 2024 10:12 am

Riyadh Gears Up for the 2024 Islamic Development Bank Group’s Annual Meetings and IsDB Golden Jubilee Celebration

The Islamic Development Bank Group (IsDB) is set to hold its 2024 Annual Meetings and IsDB Golden Jubilee in Riyadh from April 27-30, under the Royal Patronage of the Custodian of Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud. The 2024 Annual Meetings will be held under the theme of...

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Government | Monday 15 April, 2024 11:11 am

MoEI to highlight UAE’s efforts to achieve energy transition, climate neutrality at WFES 2024

The Ministry of Energy and Infrastructure (MoEI) will participate in the World Future Energy Summit (WFES) 2024, to be held at the Abu Dhabi National Exhibition Centre from April 16th to 18th. During its participation, the Ministry plans to highlight the UAE’s achievements in the clean energy...

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Government | Monday 15 April, 2024 10:51 am

Localizing insurance product sales jobs takes effect today

The decision issued by the Insurance Authority (IA) to localize all sales positions in insurance products goes into effect today, April 15. The decision stipulates that non-specialized sales employees will not receive any sales-related commissions. The IA will monitor the implementation...

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Government | Monday 15 April, 2024 8:41 am

Saudi Finance Minister Heads Kingdom's Delegation ‏to IMF-WBG 2024 Spring Meetings

His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, will head the Kingdom's delegation at the International Monetary Fund and World Bank Group 2024 Spring Meetings, to be held April 15-20, 2024 in Washington, D.C., United States.   ‏The Saudi Delegation will...

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Government | Sunday 14 April, 2024 11:18 am

Labor claims in Saudi Arabia drop 23% to 35,200 in Q1 2024

The claims filed before the labor courts and circuits in Saudi Arabia decreased by about 23% to 35,200 in the first quarter of 2024, compared to the fourth quarter of 2023, Al-Eqtisadiah newspaper reported, citing a judicial source.   The labor cases varied between wage, allowance,...

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Government | Saturday 13 April, 2024 8:16 am

EU Council approves law targeting organised crime through asset recovery and confiscation

The Council of the European Union (EU) today adopted a law which sets out EU-wide minimum rules on the tracing, identification, freezing, confiscation and management of criminal property in connection with a wide range of crimes. The directive will better equip member states in their fight...

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