Friday , 24 November 2017

Tag Archives: Saudi

Saudi fund agrees plan to invest in Virgin space ventures

Saudi Arabia’s Public Investment Fund plans to invest about $1 billion in Richard Branson’s space company, Virgin Galactic, and sister companies The Spaceship Company and Virgin Orbit, according to a joint statement published on Thursday. “This investment will enable us to develop the next generation of satellite launches and accelerate our programme for point to point supersonic space travel,” the …

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Saudi, Russia to sign deals worth over $3bln during King Salman’s Moscow visit

Russia and Saudi Arabia will sign joint investment agreements worth more than $3 billion during a visit to Moscow by Saudi Arabia’s King Salman, Russian Energy Minister Alexander Novak was quoted as saying on Wednesday. The deals will include a $1.1 billion agreement for Russian petrochemical firm Sibur to build a plant in Saudi Arabia, the energy ministry cited Novak …

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Saudi reform tweaks won’t affect key economic policies

Saudi Arabia is revising parts of an economic development plan released a year ago but key policies, including fiscal reforms and a massive privatisation programme, won’t be affected by the review, sources familiar with the matter told Reuters. In June 2016, the government published a National Transformation Programme (NTP) that included hundreds of steps to modernise the economy and society, …

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MIDEAST STOCKS-Banks pull Qatar higher, big Mobily loss weighs on Saudi

Banks pulled Qatar’s stock market higher in early trade on Monday while Saudi Arabia’s market edged down after a string of second-quarter earnings, with telecommunications firm Mobily plunging on a bigger-than-expected loss. The Qatari index added 0.4 percent as Qatar National Bank climbed 1.0 percent and Masraf Al Rayan rose 0.8 percent. Qatar International Islamic Bank gained 1.4 percent after …

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IPO surge: Saudi SMEs help 2017 hit a five-year high

The first quarter of 2017 saw 10 new initial public offerings (IPOs) registered on the stock markets among the six members of the Gulf Cooperation Council (GCC), a five-year record high and propelled by Saudi Arabian small and medium-sized businesses, according to a press release issued by consultancy firm PwC. IPO news in the region is important, as Saudi Arabia, …

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Saudi delegates visit SDG to learn Dubai’s smart transformation efforts

A government delegation from the Ministry of Communications and Information Technology and the Ministry of Civil Service in Saudi Arabia recently visited the office of Smart Dubai Government Establishment (SDG), the Smart Dubai Office’s technical arm that supervises Dubai’s smart transformation efforts. The visiting delegates aimed to learn more about SDG’s best practices, particularly in the area of shared services …

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UAE and Saudi pharmaceutical product importers hold fruitful discussions with Brazilian manufacturers in São Paulo

Meeting reflects Arab countries’ growing commitment to strengthen ties with vast South American nation Saudi Arabia and UAE imported a combined USD 3 million worth of pharma products from Brazil in 2015 UAE – The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that major importers of pharmaceutical products from the UAE and the Kingdom of Saudi Arabia held fruitful discussions …

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UAE and Saudi pharmaceutical product importers hold fruitful discussions with Brazilian manufacturers in São Paulo

Meeting reflects Arab countries’ growing commitment to strengthen ties with vast South American nation. Saudi Arabia and UAE imported a combined USD 3 million worth of pharma products from Brazil in 2015. UAE – The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that major importers of pharmaceutical products from the UAE and the Kingdom of Saudi Arabia held fruitful discussions …

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Qatar Development Bank showcases local construction expertise at “Big Five Saudi” Exhibition

Qatar Development Bank (QDB) concluded its successful participation at the “Big Five Saudi” Exhibition held in Jeddah, Kingdom of Saudi Arabia (KSA), from March 7 to March 10, 2016. This year’s exhibition attracted 11,453 visitors from 547 countries that were able to review 27 Qatari private sector companies at the three day event at the Qatari Pavilion hosted by QDB …

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Saudi’s USD 100 Billion in Renewable Energy Projects to Meet Skyrocketing Power Needs

Saudi Arabia Hosts Middle East’s ‘Biggest Potential’ for Solar and Wind, Supporting Economic and Job Growth: Abdul Latif Jameel Energy and Environmental Services Riyadh, Kingdom of Saudi Arabia: More than USD 100 billion in Saudi renewable energy projects will help meet its skyrocketing energy demand and diversify its energy sector, industry experts said today in the build-up to the World …

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