Business & Money | Thursday 25 October, 2018 4:47 am

Princess Reema: Investment will take Saudi eSports to next level

Greater investment in eSports would boost the Saudi economy and help young gamers better compete in the global — if virtual — arena, one of the Kingdom’s top sporting officials has said.  Princess Reema bint Bandar, of the General Sport Authority, told the Future...

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Business & Money | Thursday 25 October, 2018 4:41 am

MBS: Middle East can be the ‘new Europe’

The Middle East can be the “new Europe,” Saudi Crown Prince Mohammed bin Salman said on Wednesday as he vowed to see the region thrive economically.  The crown prince told a packed audience at the Future Investment Initiative forum in Riyadh that he would like to see the...

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Business & Money | Thursday 25 October, 2018 4:37 am

Maktoum bin Mohammed attends 5th World Green Economy Summit 2018

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubaiattended  (Wednesday, 24th October 2018) the inauguration ceremony of the fifth World Green Economy Summit 2018 in Dubai, which is being held under the patronage of His Highness Sheikh Mohammed bin Rashid ...

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Business & Money | Thursday 25 October, 2018 4:31 am

DP World Group Chairman and CEO discusses impact of geographies on innovation at Saudi conference

Global trade enabler DP World has highlighted its ambition to use Hyperloop and blockchain technologies to revolutionize the movement of cargo across borders. Speaking at the Future Investment Initiative in Riyadh, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, already the...

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Business & Money | Thursday 25 October, 2018 4:30 am

Registration for IRU World Congress in Muscat Hits Record High

Only few days away from one of the largest international events for road transport, mobility and logistics, registration for the International Road Transport Union (IRU) World Congress in Muscat has hit an all-time high. Organised by the IRU and hosted by ASYAD in collaboration with the Ministry of ...

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Business & Money | Thursday 25 October, 2018 2:51 am

Agreements signed to improve digital services for pilgrims

Saudi Arabia has signed two agreements that aim to enhance the digital capabilities of services related to Hajj and Umrah, to make the experience easier and more enjoyable for pilgrims. Both were signed on the sidelines of the Future Investment Initiative gathering in Riyadh. The first is with...

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Business & Money | Wednesday 24 October, 2018 3:04 pm

Bahri supports Supply Chain and Logistics Conference as Diamond Sponsor

Reinforcing its commitment to the advancement of the maritime industry, Bahri, a global leader in logistics and transportation, supported the Supply Chain and Logistics Conference held under the patronage of Saudi Arabia’s Minister of Transportation, Dr. Nabil bin Mohammed Al-Amoudi, as a...

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Business & Money | Wednesday 24 October, 2018 11:50 am

NCB Achieved SAR 8,020 Million Net Income for the nine months of 2018

The National Commercial Bank announced that its net income for the nine months of 2018 reached SAR 8,020million compared to SAR 7,245million for the same period of the previous year, an increase of 10.7%.NCB’s net income for the third quarter reached...

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Business & Money | Wednesday 24 October, 2018 5:00 am

Deals worth more than $50bn signed at KSA Future Investment Initiative

At least 25 deals worth more than $50 billion have been signed at Future Investment Initiative (FII) in Riyadh. The contracts struck on the first day of the event included what were described as 12 “mega deals.” Among the projects announced on Tuesday in front of an audience of...

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Business & Money | Wednesday 24 October, 2018 5:00 am

PIF invested in 50-60 firms via SoftBank fund

Yasir Al-Rumayyan, the head of the Public Investment Fund (PIF), said during the opening session of the Future Investment Initiative that kicked off in Riyadh on Tuesday that around 10% of the Kingdom’s sovereign fund assets are international assets while 90% were local, adding that the Fund...

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