Business & Money | Saturday 22 June, 2024 6:00 am

UAE reaping fruits of visionary leadership's forward-looking approach: Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE continues to reap the rewards of its visionary leadership's forward-looking approach through increased global trade and investment openness. “This is reflected in the record growth in foreign direct...

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Healthcare | Saturday 22 June, 2024 5:56 am

Private healthcare sector’s contribution surges 400% during Hajj season 2024

The Saudi private healthcare sector during the Hajj season 2024 witnessed a growth of more than 400% compared to a year earlier. This surge was driven by enhanced partnerships with the private sector, expansion of service scope, and enhancement of the healthcare quality, which...

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Business & Money | Saturday 22 June, 2024 5:54 am

Microsoft back as world's most valuable public company

Microsoft regained the title of the "world's most valuable public company" after Nvidia stock fell sharply on Thursday.   Computer chip maker Nvidia slipped 3.5% to $130.78, leaving the company valued at $3.2 trillion.   Meanwhile, Microsoft fell 0.15% to $445.70, but...

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Government | Saturday 22 June, 2024 5:47 am

Saudi Arabia eyes new areas of cooperation with Switzerland: Al-Jadaan

Saudi Arabia seeks new areas to deepen cooperation with Switzerland, including insurance, in addition to new markets and best practices in this regard, said Minister of Finance, Mohammed Al-Jadaan.   During his participation in the Fourth Saudi-Swiss Financial Dialogue in Zurich,...

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Tourism & Hospitality | Saturday 22 June, 2024 5:45 am

Saudi Arabia continues to provide unprecedented Hajj services: Al-Rabiah

Saudi Arabia will continue to provide unprecedented Hajj services in line with Vision 2030, Saudi Press Agency reported, citing Minister of Hajj and Umrah, Tawfig Al-Rabiah. He highlighted the success of this year’s Hajj season, thanks to the directives and endless support provided by the...

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Government | Saturday 22 June, 2024 5:26 am

GACA seeks public input on SILZ violations and fines regulations

The General Authority of Civil Aviation (GACA) invited the public to send their opinions on the draft special integrated logistics zone (SILZ) violations and fines regulations, via the public consultation platform, Istitlaa, until July 7, 2024.   The draft regulations aim to clarify...

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Business & Money | Saturday 22 June, 2024 5:02 am

Details of amendments to Finance Companies Control Law

The Saudi Cabinet, chaired by King Salman, recently approved amendments to Finance Companies Control Law.  The official gazette Umm Al-Qura published on Friday details of the amendments, which include the necessity of obtaining the bank's approval on practicing any non-finance activities, ...

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Business & Money | Friday 21 June, 2024 6:20 am

European Commission green lights PIF’s acquisition of German autonomous car manufacturer

The European Commission announced its approval of the acquisition and joint control of the German autonomous electric vehicle company Holon by the Public Investment Fund (PIF) and Austrian company Benteler.   The Commission said in a statement that, under European Union merger law,...

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Business & Money | Friday 21 June, 2024 6:13 am

UBS CEO warns Switzerland may lose world’s wealth hub status

UBS CEO Sergio Ermotti warned that Switzerland could lose its position as the world's wealth management center if policymakers overreact to the collapse of Credit Suisse. Ermotti, who was chosen once again as head of Switzerland's largest bank a few days after his former rival was rescued last ...

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Business & Money | Friday 21 June, 2024 6:12 am

Al Mashaaer Train serves 2.2M passengers during Hajj season: SAR

Saudi Arabia Railways (SAR) announced the success of the operational plan for Al Mashaaer Al Mugaddassah Train in the Hajj season of 1445 AH, completing the transport of more than 2.2 million passengers between Arafat, Muzdalifah and Mina stations by facilitating 2,206 trips. The train...

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