Business & Money | Wednesday 5 August, 2020 11:19 am

Moody's affirms Saudi Re's A3 IFSR rating, stable outlook

Saudi Reinsurance Company (Saudi Re) announced today that Moody’s Investors Service (Moody’s) has affirmed the company's A3 Insurance Financial Strength Rating (IFSR) with a stable outlook.   The affirmation of Saudi Re’s rating reflects its strong brand and market position in...

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Business & Money | Wednesday 5 August, 2020 3:36 am

GLOBAL MARKETS-Gold Soars Past $2,000, Gold up on Stimulus Hopes 2 New York

MSCI's benchmark for global equity markets rose 0.47% after earlier hitting a five-month high, less than 4% from its all-time peak in February. The index was lifted overnight when stocks rallied in Asia on relatively strong manufacturing data from around the world reported on Monday.On Wall Street, ...

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Tourism & Hospitality | Wednesday 5 August, 2020 3:25 am

Rotana invites guests to reset and recharge as hospitality sector welcomes positive signs of recovery

Heralding growing confidence among travellers in the wake of the global COVID-19 pandemic, Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa, Eastern Europe, and Turkey, has revealed that occupancy levels are continuing to rise at its...

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Business & Money | Wednesday 5 August, 2020 1:35 am

Price tags displayed on products must include VAT: Ministry

Saudi Arabia’s Ministry of Commerce emphasized that prices of products in the market must be inclusive of value-added tax (VAT). The displayed prices of goods shall be final prices and should reflect the same in the cashier’s computer system, Saudi Press Agency reported on Tuesday, quoting the...

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Technology & IT | Wednesday 5 August, 2020 1:30 am

Network International powers Careem’s digital payments initiative

Network International, the leading enabler of digital commerce across the Middle East & Africa (MEA) today announced that Careem joins its growing list of issuer processing clients.   The five-year agreement will see Network International process prepaid cards on behalf of Careem ...

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Technology & IT | Wednesday 5 August, 2020 1:24 am

Airbus solutions being rolled-out in Kuwaiti government entities to reinforce mission-critical communication system

With the Kuwaiti Government fast transitioning from narrowband to broadband networks, Airbus has shown strong support for the move through increased deployment in the country of its secure communication and collaboration solutions, specifically Tactilon Agnet 900and Tactilon...

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Cars & Autos | Wednesday 5 August, 2020 12:27 am

The New Flying Spur In Detail: Touch Screen Remote Brings Luxury To Your Fingertips

The new Flying Spur’s multi-functional Touch Screen Remote affords rear seat occupants unprecedented control over the car’s extensive range of luxury features, redefining precision control over passenger comfort. Encapsulating the remarkable attention to detail and use of latest generation ...

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Environment & Energy | Tuesday 4 August, 2020 1:22 pm

MBRSC Releases 0.7 Meter Satellite Image “Mosaic” captured by KhalifaSat

The Mohammed Bin Rashid Space Centre (MBRSC) today announced the completion of an updated map of the Abu Dhabi and Dubai using the UAE's first high-resolution satellite image “Mosaic”, captured by KhalifaSat. The system captures a matrix of individual digital images to create a single...

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Business & Money | Tuesday 4 August, 2020 1:13 pm

Saudi Customs eases restrictions for trucks from GCC states

The Saudi Customs has relaxed coronavirus precautionary measures and restrictions for the movement of trucks coming from other Gulf Cooperation Council (GCC) states.All the trucks carrying goods destined for Saudi Arabia will be allowed to enter through its land ports, according to a circular...

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Business & Money | Tuesday 4 August, 2020 10:17 am

Saudi Arabia’s Mining Sector Grows 3.1% during 1Q of 2020, Targets SR240 b by 2030

Saudi newspapers highlighted in their editorials today a number of issues, at local, regional, and international arenas.Al-Eqtisadiah newspaper said in its editorial that the mining sector will be solid economic future of the Kingdom of Saudi Arabia which has 6 percent of the world's uranium...

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