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Saudi

Saudi telecom, information technology, and postal markets hit $65.6bn

DUBAI: Saudi Arabia recorded an increase in its communication-related industries in 2020, a government regulator said, owing to a wider national campaign to improve connectivity across the Kingdom.

Saudi crown prince announces Green Saudi Initiative, Green Middle

LONDON: Saudi Arabia’s crown prince announced two new initiatives to tackle climate change on Saturday. The Green Saudi Initiative and the Green Middle East Initiative aim to clearly define a road

Saudi Arabia issues record 91 new industrial licenses in February

Riyadh: Saudi Ministry of Industry and Mineral Resources issued a record 91 new industrial licenses in February, a year-over-year increase of 21 percent, SPA reported. The biggest award of new

Greek engineering firm Salfo committed to Saudi Arabia’s infrastructure development

Greek engineering and management consulting firm Salfo and Associates SA., which has a strong presence in Saudi Arabia, aims to continue to leverage its unique knowhow and local knowledge to support

Saudi Arabia at forefront of fight against extremism, says KACND official

JEDDAH: Saudi Arabia is keen to promote a culture of dialogue and tolerance across the globe, Ibrahim Al-Aseeri, the deputy secretary-general of the King Abdul Aziz Center for National Dialogue

SABIC joins forces with BASF and Linde to build renewables-fueled

Saudi Arabia’s SABIC has teamed up with BASF and Linde to develop a petrochemical furnace that relies on renewable energy instead of fossil fuels. The partners have already jointly worked on concepts

Saudi Arabia announces 400 new coronavirus cases

RIYADH: The Saudi health ministry said Monday it recorded 404 new COVID-19 cases in the past 24 hours. This brings the total number of people who contracted the virus to 385,424. The ministry said it

Saudi health ministry says coronavirus cases exceed 400 for the first

Saudi health ministry says coronavirus cases exceed 400 for the first time in months

Saudi scientists study effect of cosmic rays on solar cells in China

RIYADH: Saudi scientists plan to study how cosmic rays affect the efficiency of solar cells used in satellites. The Saudi Space Commission has agreed with the China Manned Space Agency to implement a

Saudi PIF-owned recycling company says sector could be worth more

RIYADH: The CEO of Saudi Arabia’s biggest waste company said the low level of recycling in the Kingdom is a lost opportunity worth as much SR70 billion ($18.7 billion). Saudi Arabia currently

Amazon to create 1,500 new jobs in Saudi Arabia

DUBAI: Amazon plans to hire 1,500 new employees in Saudi Arabia and add 11 buildings, the company said. The expansion will boost storage capacity in the Kingdom by 89 percent and its geographical

DP World says revenue up 11% to $8.5b

DP World announced revenue growth of 11.0% to $8,533 million and adjusted EBITDA grew 0.4% to $3,319 million with adjusted EBITDA margin of 38.9% for the calendar year 2020. The revenue growth was supported by acquisitions and full year contribution from Topaz Energy & Marine and P&O Ferries while Maritime and Logistics revenue was up 33.2%. But like-for-like revenue decreased by 7.0% and down 3.2% excluding one-off […]

Saudi Arabia welcomes efforts to ensure Iran does not acquire nuclear weapon

RIYADH: Saudi Arabia welcomed international efforts to ensure Iran does not acquire a nuclear weapon, and to make the Gulf region free of all weapons of mass destruction. During the weekly cabinet

Shuaa leads $50m sukuk for Pure Harvest

Arabian Post Staff SHUAA Capital has led a USD 50 million structured Sukuk for Pure Harvest Smart Farms, the world-leading, sustainable technology-enabled agribusiness based in the UAE. SHUAA also co-invested in Pure Harvest through its managed funds as part of this funding round. SHUAA originated, structured and placed the innovative financing solution, which comprises a USD 50 million 3-year sukuk with embedded warrants. Simultaneously, Pure Harvest has […]

Smugglers protests: Iran succumbs to trauma and demons

James M. Dorsey The clashes sparked by a crackdown on cross border fuel smuggling to neighbouring Pakistan achieved what past US and Saudi machinations failed to accomplish: ethnic unrest in a strategic, impoverished and long restive majority Sunni province in predominantly Shiite Iran.Recent clashes in the Iranian province of Sistan and Balochistan highlight Iran’s vulnerabilities as well as its inability to overcome trauma and control its demons. The […]

Saudi legal reforms to boost inward medical investment says industry

DUBAI: A suite of new legal reforms will attract foreign investment into the Kingdom’s medical supplies sector, the industry’s watchdog head predicts. It follows the introduction of sweeping

‘Saudi’s got talent?’ Kingdom mulls entertainment academy

RIYADH: Saudi investment chiefs want to ensure more of the country’s workforce is trained to work in the entertainment sector. The Kingdom’s General Entertainment Authority (GEA) has signed an

Saudi domestic flights buck Mideast air travel slowdown

DUBAI: Saudi domestic airlines are seeing a quicker recovery in routes within the Kingdom than larger regional rivals relying on pandemic-paralyzed long haul travel. The CAPA Live aviation industry

Saudi nationals join World Economic Forum Young Global Leaders class

DUBAI: Three Saudis nationals have been selected to join the World Economic Forum’s Young Global Leaders (YGL) class of 2021. Founder and Executive Chairman of the WEF, Klaus Schwab, created the YGL

Saudi’s billion dollar gaming industry could double in next three years

Saudi Arabia approves incentives for Hajj and Umrah businesses

RIYADH: Saudi Arabia’s King Salman approved a number of incentive initiatives for establishments operating in the Hajj and Umrah sectors, Saudi Press Agency (SPA) reported on Monday. The move comes

Saudi Arabia launches women’s accountancy program

RIYADH: A program to encourage Saudi women to join the accounting profession was launched on Monday by Saudi Commerce Minister Dr. Majid bin Abdullah Al-Qasabi. The program is organized by the Saudi

Formula 3 driver Reema Juffali on the road to becoming an icon for all Saudi women

RIYADH: Within moments of meeting Reema Juffali, you will get the feeling she was always meant for a career in motorsports. Watch her drive, and those feeling are immediately confirmed. For Saudi

How Accelerated Branding helped companies through these unprecedented times

The brand lives in the hearts and minds of consumers, and brand loyalty is an invaluable asset as the battle for customers intensifies. During these unprecedented times some struggled while others were invigorated. The difference was the brand’s legacy being properly communicated to the company’s personas. Accelerated Branding has provided industry giants the platform to get through these times unscatched. The Accelerated Branding™ process creates timeless brands […]