Tuesday , 25 September 2018

Tag Archives: Saudi Arabia

Why do UAE and Saudi Arabia want to use blockchain?

Last week, the UAE’s central bank announced it was working on a joint cryptocurrency, based on blockchain, with its counterpart in Saudi Arabia Since beginning its dramatic rise in value over a year ago, many commentators have pronounced bitcoin dead, saying instead that the true value of the polarising digital currency was to be found in its underlying technology, blockchain. …

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Saudi Arabia, GCC to be connected by ultra-fast tube transportation system

The entire Gulf region will be connected through an ultra-fast tube transportation system, which will operate at a velocity of 1,100 km per hour. Founder of US-based Virgin Hyperloop One, Josh Giegel spoke to Arab News on Thursday soon after he signed an agreement with the MiSK Foundation for an ultra-fast tube transportation system and to train Saudi youths on …

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Saudi Arabia reform push targets wealth fund doubling assets

Saudi Arabia presented ambitious plans for economic and social renewal before a host of A-list global investors on Wednesday, saying its main sovereign wealth fund wants to increase its financial clout to 1.5 trillion riyals ($400 billion) by 2020. The Public Investment Fund (PIF) announced the assets-under-management goal at a conference showcasing a programme to turn the strictly conservative country …

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Smartphone users buzzing after Saudi Arabia unblocks Internet calls

Saudi smartphone users were calling out with joy this week after the government lifted a ban on apps that allow video and voice services. Minister of Communications and Information Technology Abdullah Al-Swaha earlier this month issued a directive to unblock calling apps that have met regulatory requirements, with users able to access them from Wednesday. The move will make the …

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Saudi Arabia, UAE salary increases highest in GCC

Saudi Arabia, followed by Kuwait and the UAE continue to lead the region in salary increases in 2017, according to a new survey. The GCC-wide survey of 600 multi-national companies and locally-owned conglomerates by Aon, also showed that Saudi Arabia and Kuwait have the highest salary increase projections for 2018, at an optimistic 4.5 per cent. The data showed that, …

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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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