Cars & Autos | Sunday 28 October, 2018 11:10 am

Volvo Cars Tech Fund invests in electric car charging company FreeWire

Volvo Car Importers EMEA Volvo Cars has acquired a stake in electric car charging company FreeWire Technologies via the Volvo Cars Tech Fund, deepening the company’s commitment to a fully electric future.   While Volvo Cars’s electrification strategy...

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Environment & Energy | Sunday 28 October, 2018 3:19 am

Aramco continues to champion professional careers for women

Saudi Aramco chaired the “Leadership Excellence for Women Awards and Symposium” (LEWAS), a leading industry event held at the Bahrain International Convention & Exhibition Center last Oct. 23-25, promoting efforts to increase professional opportunities for women engagement and...

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Business & Money | Sunday 28 October, 2018 3:13 am

$658m deal signed to supply power to 210,000 homes in South Africa

Saudi company ACWA Power, which operates in the fields of power generation and desalination in more than 10 countries, has announced plans to invest $658 million in South Africa. An announcement on Friday said this will help to boost trade and investment links between Saudi Arabia and the African...

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Business & Money | Sunday 28 October, 2018 3:05 am

Saudi Arabia’s first center to support small and medium enterprises opens

The Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qassabi inaugurated the Kingdom’s first center to support and empower small and medium enterprises, at the Saudi Small and Medium Enterprises Authority (Monsha’at) headquarters in Riyadh. The launch was attended by Ferid ...

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Healthcare | Saturday 27 October, 2018 5:39 am

Saudi Arabia praises GCC for anti-smoking initiatives

Saudi Minister of Health Dr. Tawfiq Al-Rabiah has praised the efforts and achievements of Gulf Cooperation Council (GCC) countries in combating smoking and raising awareness about of its dangers.  He pointed out that the organization has put in place a new program to improve existing...

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Business & Money | Saturday 27 October, 2018 3:38 am

Saudi delegation to attend EU-Arab Summit

A Saudi business delegation will attend the third EU-Arab World Summit in Athens next week, with the aim of promoting the interests of the Kingdom’s business sector. The two-day summit starts on Monday under the theme “shared horizons.” The delegation will be headed by the...

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Business & Money | Friday 26 October, 2018 6:35 am

AL-Falih; Deals signed at Riyadh conference worth $56bn

Deals signed at the Riyadh Future Investment Initiative (FII) conference reached a total value of $56billion, Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Thursday. "There were more than 25 deals signed worth $56 billion," Al Falih said in remarks...

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Business & Money | Friday 26 October, 2018 6:33 am

Saudi Arabia’s PIF joins Russia and China in $2.5bn ‘trilateral’ investment fund

Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) is to join forces with Russian sovereign wealth fund RDIF as a new partner in the joint Russia-China Invesment Fund, it was announced on Thursday. As part of the agreement, Saudi’s PIF will contribute $500 million to ...

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Culture & Education | Friday 26 October, 2018 5:32 am

Saudi Arabia’s culture minister heads Arab delegations at China-Arab States Cooperation Forum

The Saudi minister of culture, Prince Badr bin Abdullah bin Mohammed bin Farhan Al-Saud, headed the Arab delegations participating in the China-Arab States Cooperation Forum (CASCF) in Chengdu, China on Thursday. On behalf of Saudi Arabia, the minister thanked the government of the People’s...

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Business & Money | Friday 26 October, 2018 2:31 am

Saudi Housing Ministry signs residential real estate deals worth $4.4bln on FII sidelines

The Saudi Ministry of Housing has signed three residential real estate development agreements worth $4.4 billion, the Saudi Arabian General Investment Authority (SAGIA) announced on Thursday on the sides of the Future Investment Initiative in Riyadh. One of the deals was a $2.6 billion memorandum...

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