Business & Money | Tuesday 9 June, 2020 6:06 am

Framework Working Group Advances the G20 Action Plan

The G20 Framework Working Group (FWG) met virtually on June 8, 2020 to advance the G20 Action Plan – Supporting the Global Economy through the COVID-19 Pandemic –. The Action Plan was endorsed by the G20 Finance Ministers and Central Bank Governors during their meeting on April 15, 2020.The FWG ...

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Business & Money | Tuesday 9 June, 2020 6:00 am

Ericsson Response: 20 years of providing connectivity in emergencies

Ericsson Response, the company’s humanitarian relief program that focuses on providing connectivity to humanitarian workers and populations in affected areas, is celebrating 20 years of service. Find out about the key role the program plays enabling humanitarian response here. The mission...

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Business & Money | Tuesday 9 June, 2020 5:00 am

GROHE Goes ZERO – GROHE Achieves Carbon-Neutral Production

As one of the first leading manufacturers for full bathroom solutions and kitchen fittings, GROHE has now achieved carbon-neutral production. GROHE has thus reached a central milestone in its long-term commitment to sustainability. “The initiative ties in seamlessly with the numerous...

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Cars & Autos | Monday 8 June, 2020 1:46 pm

Almajdouie Changan opens a state-of-the-art center for after-sales service

Almajdouie Motors Company, the authorized distributor for Changan cars in Saudi Arabia, has announced the opening of a state-of-the-art center for after-sales services for its customers in the eastern region.   The company has announced the start of operating its new advanced center...

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Business & Money | Monday 8 June, 2020 1:28 pm

Lockheed Martin Partners with TAQNIA to Build New Satellite Ground System for Kingdom of Saudi Arabia

Following the successful launch and operation of Saudi Arabia’s newest commercial communications satellite, SaudiGeoSat-1 (SGS-1), Lockheed Martin (NYSE: LMT) has been selected to develop a new ground system to control, manage and operate the satellite. The Saudi Technology Development and...

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Business & Money | Monday 8 June, 2020 1:01 pm

Finastra research reveals strong interest in Open Banking among UAE banks

Finastra research1 reveals that nearly nine out of ten (88%) financial institutions in the UAE plan to enable Open Banking in the next 12 months. The demand from UAE banks for further collaboration is driven by innovation in customer service and the customer experience. However, the main factors...

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Technology & IT | Monday 8 June, 2020 11:52 am

Nearly half of Arab online users, did not receive cybersecurity guidelines from employers

Kaspersky conducted a recent survey in collaboration with popular Arabic technology news portal – AITnews. This survey aims to understand employees working from home are equipped to protect themselves from the increased attacks on networks and mobile devices.  The survey revealed...

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Business & Money | Monday 8 June, 2020 11:17 am

McDonald's Saudi Arabia Shares the Goodness

In collaboration with the Ministry of Health and Ministry of Labor and Social Development, McDonald's Saudi Arabia created an initiative to express its appreciation to the Kingdom and especially to all those heroes who endeavored and persevered to protect and preserve the health and safety of all....

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Business & Money | Monday 8 June, 2020 11:11 am

Saudi Arabia records $20.09bln trade surplus in Q1 2020

By Staff Writer, Mubasher Riyadh –   Saudi Arabia’s trade balance surplus reached SAR 73.74 billion during the first quarter (Q1) of 2020, declining by 38.3% year-on-year (YoY) from SAR 119.54 billion in Q1-19. On a quarterly basis, the trade surplus decreased by 32.5%, up...

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Business & Money | Monday 8 June, 2020 11:06 am

Saudi job fund deposits SR379 million in bank accounts

The Saudi Human Resources Development Fund (Hadaf) reported that it had deposited more than SR379 million ($100 million) in people’s bank accounts for May.The beneficiaries, numbering more than 253,000, are registered with the Hafiz unemployment and difficulty finding employment schemes.Hadaf...

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