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Tag Archives: Saudi Arabia

Saudi Arabia issues rules for small-scale solar energy generation

Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, the government said on Monday. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more than 2 megawatts, the Electricity and Cogeneration Regulatory …

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IMF: Saudi Arabia’s ‘bold’ reforms see non-oil sector pick up

  Saudi Arabia’s “bold reform program” is paying off, with economic growth in its non-oil sector forecast to pick up this year, the International Monetary Fund (IMF) said Friday. Growth in non-oil parts of the economy is projected at 1.7 percent in 2017 compared to 0.2 percent last year, the fund said, amid the Kingdom’s efforts to diversify the economy …

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Saudi Arabia to host 2020 G20 summit

Jeddah – Saudi Arabia will host the G-20 Summit in 2020, said an official statement issued on Saturday at the end of this year’s event in Hamburg, Germany. “We thank Germany for hosting a successful Hamburg summit, and look forward to meeting again in Argentina in 2018, in Japan in 2019 and in Saudi Arabia in 2020,” AFP quoted the …

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Growing demand for accredited executive coaches in Saudi Arabia, report

United Arab Emirates –As more companies in Saudi Arabia invest in building effective leaders, Ashridge Executive Education reports a growing demand for third party certified Executive Coaches. An accredited Executive Coach is certified to work with leaders, executives, managers, business owners and other professionals in a senior position. Erik de Haan, the Director of Ashridge’s Centre for Coaching, says coaches …

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ITFC, catalyst group TIE partnership for SME Trade Development in support of Vision 2030 of Saudi Arabia

As a strategic step towards the development of the small-to-medium-sized enterprises (or “SMEs”) in Saudi Arabia, the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, and Catalyst Group inked an Engagement Agreement to commence ITFC’s KSA SME Program to boost the SME Trade development. Through this partnership, ITFC will be piloting a SME Trade …

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Is Saudi Arabia’s Vision 2030 starting to take shape?

Microsoft co-founder Bill Gates believes young people in Saudi Arabia are key to the country achieving its Vision 2030 reform plan. The reforms put in place earlier this year by the oil-rich kingdom appear to be taking hold, if we are to go by two major economic announcements this week. The first was the Saudi Arabian central bank’s announcement that …

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54% of Businesses in UAE and Saudi Arabia Have Experienced Business Disruption because of Digital Technologies

Digital Crisis Looms: Business Leaders Fear Digital Start-ups Will Make Their Business Obsolete Within 3-5 Years News highlights: 85% of businesses consider digital start-ups a threat, either now or in the future 44% of businesses don’t know what their industry will look like in 3 years 59% have witnessed the entrance of new competitors as a result of digital technologies …

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Lufthansa introduces new General Manager for Saudi Arabia

Mark Pey assumes lead post in the Kingdom, plans to grow Lufthansa’s business. Riyadh/Jeddah – Beginning September 1, 2016, Mark Lukas Pey is the new Country Manager for Lufthansa German Airlines in Saudi Arabia, looking to further grow the airline’s business across the Kingdom. With over 20 years’ expertise in the airline industry, Pey will leads the team to strengthen …

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Food services industry set to soar in Saudi Arabia

Jeddah – Being the largest economy in the Middle East, Saudi Arabia has a rapid growth of food consumption. The Kingdom offers abundant growth opportunities to food and beverage companies, across all its sub-sectors and categories, due to a particular lifestyle, age group and most of all, potential. According to industry research, the total GCC food services market, which includes, …

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Irresistible Almarai is most positively perceived brand in Saudi Arabia

eXtra and Mobily claim Kingdom’s most improved brand status. Riyadh, Saudi Arabia – Middle East megabrand Almarai is the most positively perceived brand in Saudi Arabia according to the 2016 Mid-Year BestBrand Rankings – released today by global market research company YouGov. The Mid-Year BestBrand Rankings which launched across 26 countries globally, including the UAE, Saudi Arabia and Egypt, are …

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