Business & Money | Saturday 15 January, 2022 9:53 pm

Saudi Pavilion at Expo 2020 Dubai celebrates ‘Year of Saudi Coffee 2022’

DUBAI — On the occasion of the designation of 2022 as the “Year of Saudi Coffee”, the Saudi Arabia’s pavilion participating in Expo 2020 Dubai highlighted, through a short film that was shown on its huge digital screen, the importance of the initiative launched by the Saudi Ministry of...

More Details

Business & Money | Thursday 13 January, 2022 9:42 am

Saudi Tourism Authority, Wego form strategic partnership to promote tourism

Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), and Saudi Tourism Authority (STA) have announced a strategic partnership to inspire Middle East holidaymakers to visit Saudi Arabia after more than a year of hiatus.Saudi Arabia has been recognized globally for...

More Details

Business & Money | Tuesday 11 January, 2022 5:10 pm

World Defense Show to generate thousands of jobs plus SR700 million economic impact: EY

RIYADH — Founded by the General Authority for Military Industries (GAMI), Saudi Arabia’s inaugural World Defense Show is set to have a major impact on the Kingdom’s local economy, according to a report by consultancy Ernst & Young (EY) — generating thousands of jobs plus an economic...

More Details

Business & Money | Tuesday 11 January, 2022 5:05 pm

Ministerial roundtable on sustainable future minerals underway in Riyadh

RIYADH — More than 32 ministers, government representatives and nine international organizations from around the world are participating in the inaugural Ministerial Roundtable on Sustainable Future Minerals that is being held in Riyadh on Tuesday.The inaugural meeting serves as a top-level...

More Details

Business & Money | Tuesday 11 January, 2022 9:12 am

Employee can be terminated only with a unanimous decision of probe panel

RIYADH — It was stipulated in the executive regulations of Saudi Arabia’s Job Discipline Law that termination of an employee from service, as part of disciplinary measures, shall be based on a unanimous decision of the committee that has been constituted to investigate the charges against...

More Details

Business & Money | Tuesday 11 January, 2022 9:06 am

GASTAT set to launch fifth census in Kingdom's history ‘Saudi Census 2022’

RIYADH — The General Authority for Statistics (GASTAT) announced on Monday that it is preparing to launch the "Saudi Census 2022" program, which is an essential pillar of Saudi Arabia's Vision 2030.The "Saudi Census 2022" program is the fifth census in the Kingdom's history, as the last general...

More Details

Business & Money | Monday 10 January, 2022 9:02 pm

DMCC records best year since inception, attracts 2485 companies to Dubai in 2021

DUBAI, 10th January 2022 (WAM) - DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced that it achieved its best year on record, attracting 2,485 companies to Dubai in 2021. The year also saw DMCC achieve its best June,...

More Details

Business & Money | Monday 10 January, 2022 9:47 am

Among G20, Saudi Arabia ranks second in economic growth

RIYADH — Saudi Arabia ranked second among the G20 countries in terms of the best economic performance during the third quarter of 2021, with posting a growth of 5.7 percent on a quarterly basis.An analysis of indices issued by the G20 countries and the International Monetary Fund showed that the...

More Details

Business & Money | Sunday 9 January, 2022 12:10 am

What day is it? UAE works on Friday for first time

DUBAI: Employees and schoolchildren juggled work and studies with weekly Muslim prayers on the first ever working Friday in the United Arab Emirates as the Gulf country formally switched to a Saturday-Sunday weekend.Some grumbled at the change and businesses were split, with many moving to the...

More Details

Business & Money | Sunday 9 January, 2022 12:07 am

New privatization rules signed off in Saudi Arabia to encourage investors

Riyadh: Fairness, transparency, and feasibility will now all be taken into consideration before private public partnerships are given the green light in Saudi Arabia after a law change was signed off.  The National Center for Privatization and PPP have approved a new set of rules which...

More Details