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,...

More Details

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...

More Details

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...

More Details

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, ...

More Details

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,...

More Details

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 ...

More Details

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...

More Details

Government | Friday 21 June, 2024 6:11 am

Saudi foreign trade sees rapid progress in goods, services sectors: Al-Qasabi

Minister of Commerce Majid Al-Qasabi said Saudi foreign trade has witnessed rapid progress in the goods and services sectors, backed by structural reforms under the Kingdom’s Vision 2030. The trade attachés around the world contributed to enabling access to exports by launching 660 export...

More Details

Business & Money | Friday 21 June, 2024 5:57 am

UAE Ministry of Finance Launches New Transformational Projects

The UAE Ministry of Finance today announced the implementation of transformational projects that support the country’s efforts to transition towards the future and enhance its competitiveness, in line with the ‘We the UAE 2031’ vision and the UAE’s efforts to become the global hub for the...

More Details

Environment & Energy | Friday 21 June, 2024 5:56 am

UAEREP Solidifies its 6 th Cycle Solicitation Document

The UAE Research Program for Rain Enhancement Science (UAEREP) hosted an international assembly of leading scientists, experts, and stakeholders to discuss strategic research thrust areas and outline short- and long-term roadmaps for its 6th Cycle. This cycle will offer grants to up to three...

More Details