Business & Money | Saturday 2 May, 2020 5:45 pm

Saudi Arabia’s Social Development Bank allocates $2.39bn aid for small businesses

The Social Development Bank (SDB) in Saudi Arabia has recently launched new initiatives to support small businesses in the Kingdom, as well as self-employed entrepreneurs, state news agency SPA reported. The move comes as the country explores ways to support the local economy, which has taken...

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Business & Money | Saturday 2 May, 2020 9:41 am

Moody’s affirms Saudi Arabia’s rating at A1, modifies outlook

Moody’s Investors Service, one of the world's leading rating agencies, affirmed Saudi Arabia’s sovereign credit rating at “A1”, however, it modified Kingdom’s outlook to “negative” from “stable”, Saudi Press Agency reported on Friday.The change in future outlook was the result of...

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Cars & Autos | Saturday 2 May, 2020 3:51 am

SAMACO Bentley bears VAT for its customers

SAMACO Automotive Company, the authorized dealer for Bentley in Saudi Arabia, has launched its special offer for the holy month of Ramadan, as well as the restoration of the economic cycle and commercial activities currently taking place in the Kingdom after the partial lifting of the health ban...

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Business & Money | Friday 1 May, 2020 2:43 pm

GASTAT Releases Results of Umrah Statistics Bulletin 2019

General Authority for Statistics (GASTAT) released the results of “Umrah Statistics Bulletin 2019” through its official website www.stats.gov.sa. The Report contains a number of Umrah-related indicators and results during 2019, which have been taken from Umrah Survey (for domestic Umrah...

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Culture & Education | Friday 1 May, 2020 2:36 pm

Sharjah Museums Authority celebrates International Museum Day with an online exhibition 

With audiences isolating at home, venues shutdown and events cancelled, Sharjah Museums Authority (SMA) is holding “Diversity in Times of Adversity” online exhibition to bring people together to appreciate the role of arts and creativity during a world crisis.    On the...

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Business & Money | Friday 1 May, 2020 2:30 pm

Digitalization Joint Statement In Response To Covid-19

As the world tries to find effective solutions to the COVID-19 pandemic, governments and businesses are becoming increasingly reliant on digital technologies to support their communities and citizens. Digital systems have become a lifeline for all businesses as well as health services, and serve as ...

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Business & Money | Friday 1 May, 2020 2:14 pm

Dubai Customs and Bahraini counterparts convene by video conference on covid-19

Dubai Customs and Bahrain Customs convened by video conference to discuss the latest updates about the outbreak of Covid-19 and its negative impacts on economy and the supply chain. The meeting included Ahmed Mahboob Musabih, Director General of Dubai Customs and President of Bahrain Customs,...

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Business & Money | Friday 1 May, 2020 2:13 pm

MBRSG Discusses The Role of global governments and HR Post-Coronavirus and in the New VUCA

The trends and role of global governments post-coronavirus pandemic, and Human Resources management in the new VUCA were the subjects of two discussions hosted by the Mohammed bin Rashid School of Government (MBRSG) - the first research and teaching institution focused on promoting governance and...

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Business & Money | Friday 1 May, 2020 10:36 am

G20 Digital Economy Ministers Stress Promising Role of Digital Technologies in Enhancing COVID-19 Response

The Extraordinary G20 Digital Economy Ministerial Meeting by issuing a final communique which reads as follows:"We, the G20 Ministers responsible for the digital economy, emphasize the promising role of digital technologies and relevant digital policies to strengthen and accelerate our collective...

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Business & Money | Friday 1 May, 2020 9:19 am

Mastercard Study Shows Consumers in Kingdom of Saudi Arabia Make the Move to Contactless Payment for Everyday Purchases

During March, as many countries in the Middle East imposed necessary restrictions on social distancing, a majority of consumers turned to contactless payments for necessary purchases.65 percent of respondents in Saudi Arabia say they are now using contactless payments, citing safety and cleanliness ...

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