Business & Money | Wednesday 17 June, 2020 1:20 pm

Aramco Completes its Acquisition of a 70% Stake in SABIC from the Public Investment Fund

Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1...

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Business & Money | Wednesday 17 June, 2020 1:04 pm

Amazon Launches Amazon.sa

Amazon today announced the launch of Amazon.sa, a dedicated store for customers in Saudi Arabia that features millions of products from both local and international businesses, including products from Amazon US. Customers shopping on Amazon.sa will enjoy great prices and fast delivery across 34...

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Business & Money | Wednesday 17 June, 2020 11:21 am

YORK’s “Hospitals Initiative” Helps 21 Hospitals Fight COVID-19

Al Salem Johnson Controls (YORK), a pioneer in the heating, ventilation, air-conditioning and refrigeration (HVACR) sector, has launched the “YORK Hospitals Initiative” for maintenance work, last March, in cooperation with the Ministry of Health, to support the Healthcare Sector in facing the...

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Environment & Energy | Wednesday 17 June, 2020 5:41 am

Saudi Arabia regains position as world’s top oil exporter

Saudi Arabia has emerged from three months of oil market volatility as the world’s biggest oil exporter once more, knocking the US off the top slot it gained last year.Industry experts calculated that in April — when oil prices crashed because of pandemic lockdowns — the Kingdom exported...

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Culture & Education | Wednesday 17 June, 2020 5:29 am

Saudi Arabia releases cultural report

The Saudi Ministry of Culture has released its first Cultural Status Report, documenting the Kingdom’s achievements in various sectors. “We achieved many initiatives so far, and we have high hopes and ambitions for the future. Last year, intellectuals and artists have shared with us many...

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Cars & Autos | Wednesday 17 June, 2020 3:11 am

Four Great Reasons to Buy a Lexus LX 570

n the world of luxury SUVs, companies have to make sure they build vehicles that have it all: power, comfort, technology, convenience, and all the little details that let the vehicle warrant a hefty price tag. The 2020 Lexus LX 570 is a complete package. It gives customers something they can rely...

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Business & Money | Wednesday 17 June, 2020 2:39 am

Policy continuity the key for G20's think tank engagement group

Highlighting the importance of continuity in policies, the chair of the a think tank Dr. Fahad Al-Turki said the T20 will assess new challenges and will provide recommendations based on facts. Al-Turki, who is vice president of research at the King Abdullah Petroleum Studies and Research...

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Technology & IT | Wednesday 17 June, 2020 2:27 am

Acer Middle East Encourages Residents To Connect Through Gaming

As residents around the region spend significant time indoors working and learning from home, Acer Middle East is encouraging consumers to spend quality time with loved ones, through its #GameWithAcerME campaign. Acer, one of the global leaders in the gaming industry through its Predator and...

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Business & Money | Wednesday 17 June, 2020 2:18 am

ADDED launches “Monitoring and Inspection through Bicycles” initiative to economic facilities

 The Abu Dhabi Department of Economic Development (ADDED) has launched a foot patrol initiative to monitor and inspect the economic facilities in the emirate of Abu Dhabi through bicycles equipped with all the requirements of inspectors. This move aims at accelerating awareness-raising and...

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Cars & Autos | Wednesday 17 June, 2020 1:25 am

Ford Transit Now Available with Efficient and Durable New 10-Speed Automatic Transmission

Ford has started production of a new 10-speed automatic gearbox option for rear-wheel drive (RWD) Transit models that offers excellent fuel efficiency,1 outstanding durability and the ability to tow up to 2,800 kg,2 the company today announced. The new transmission offers the ideal...

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