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...

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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...

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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...

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Business & Money | Saturday 8 January, 2022 11:53 pm

Saudi budget carrier flyadeal launches new route between Riyadh and Cairo

RIYADH: Low-cost Saudi airline flyadeal on Thursday launched its first regular flights between King Khalid International Airport in Riyadh and Cairo International Airport, the Saudi Press Agency reported. Ahmed Al-Brahim, the airline’s chief commercial and customer officer, said that the...

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Business & Money | Tuesday 4 January, 2022 9:53 am

Full steam ahead for Saudi women with train driver program

JEDDAH: The Saudi Railway Polytechnic is training women to drive trains on the Kingdom’s Haramain High Speed Railway, in a project seeking to break taboos. For decades, train driving has been viewed as a masculine career profession. And while women in Saudi Arabia have broken records in ...

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Business & Money | Tuesday 4 January, 2022 9:34 am

Saudis’ transfer of money abroad records 4-year highest figure, crossing SR7 billion

RIYADH – The transfer of money by Saudis to outside the Kingdom reached more than SR7.18 billion during the month of November 2021, and this recorded the highest monthly amount of remittance that has been made over the past four years, Okaz/Saudi Gazette has learned from the recent data released...

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Business & Money | Tuesday 4 January, 2022 9:29 am

Alpha Dhabi Holding raises stake in Aldar Properties to 30%

ABU DHABI, 3rd January, 2022 (WAM) -- Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will increase Alpha Dhabi Holding’s shares in Aldar Properties to 29.8 percent, making it one of the largest shareholders,...

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Business & Money | Tuesday 4 January, 2022 9:15 am

Hamdan bin Mohammed approves 600 housing loans worth AED600 million

DUBAI, 3rd January, 2022 (WAM) -- Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved 600...

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Business & Money | Sunday 2 January, 2022 9:10 am

Saudi custom license plate auction raising millions for Interior Ministry

JEDDAH: An online Saudi government auction for custom license plates is attracting hundreds of bidders and raising millions. The event aims to raise funds for the General Directorate of Traffic, which operates under the ministry and is responsible for certifying the license...

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Business & Money | Sunday 2 January, 2022 8:30 am

Jazeera Paints Calls for Introspection with the Warm Embrace of 2022 Color Trends.

Jazeera Paints, a top-notch paint and coating company, vigorously paving its way in the Kingdom, kick-starts a bracing new beginning with the launching of the “2022 Color Trends”. This year, a soulful, nourishing and enlightening four-color collection is incorporated in paint, only to reflect...

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