Government | Sunday 24 September, 2023 4:59 am

Minister of Finance approves amending Zakat rules for financing activities

Minister of Finance, Mohammed Al-Jadaan, approved amending some rules for calculating Zakat on financing activities.   The financing activities definition was amended to read: “Financing activities mean banks and financing companies licensed by the Saudi Central Bank (SAMA), as...

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Government | Sunday 24 September, 2023 4:38 am

Saudi Arabia’s position among nations embodied in past, present: King Salman

King Salman bin Abdulaziz remarked that “on the occasion of National Day, the status of this nation among nations is embodied, past, present, and forever.”On his official X account, King Salman prayed to Allah for the preservation of the country’s security,...

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Business & Money | Saturday 23 September, 2023 1:44 am

Saudi Arabia has leading position in maritime transport: MAWANI

Saudi Arabia secured a leading position in the maritime transport industry regionally and globally through its geographical location that connects three continents, said Omar Hariri, President of the Saudi Ports Authority (MAWANI).   He told the Saudi Maritime Congress that this...

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Business & Money | Saturday 23 September, 2023 1:42 am

Fed seen to cut interest rates in 2024: BlackRock

The Federal Reserve is nearing the end of its current cycle of interest rate hikes aimed at tamping down inflation and may look to cut rates next year, Rick Rieder, BlackRock's Chief Investment Officer for Global Fixed Income, told Fox Business. "The thing that will be interesting next year is ...

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Business & Money | Saturday 23 September, 2023 1:40 am

Expanding female workforce participation could boost Saudi economy: S&P

The increasing participation of women in Saudi Arabia's workforce is expected to boost the country’s economic growth prospects, according to S&P Global Ratings.   Labor market reforms led female workforce participation for Saudi nationals to nearly double to almost 36% in 2022, ...

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Tourism & Hospitality | Saturday 23 September, 2023 1:33 am

Tele-ICU in launched in Saudi Hospital

Ras Tanura General Hospital (eastern Saudi Arabia) has launched a Tele-ICU service; making it the first facility to operate such a service in the region. aiming to improve the healthcare quality and optimize the best out of the available sources without having to refer patients to central...

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Environment & Energy | Saturday 23 September, 2023 1:31 am

ENOC Group introduces environmentally acceptable lubricants to support the maritime industry’s race to net zero

ENOC Group, a leading integrated global energy player, has unveiled a comprehensive range of Environmentally Acceptable Lubricants (EALs) for marine vessels, which is expected to contribute to the maritime industry’s decarbonisation efforts locally and...

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Environment & Energy | Saturday 23 September, 2023 1:28 am

THE ROYAL COMMISSION FOR ALULA TO HIGHLIGHT SUCCESSES IN REVITALISING ARID ENVIRONMENTS TO GLOBAL AUDIENCE

The Royal Commission for AlUla (RCU) will showcase its extensive environmental regeneration projects at the upcoming Society for Ecological Restoration's 10th World Conference (SER2023) in Darwin, Australia. RCU’s participation as a Premium Sponsor of the event will amplify its transformative...

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Business & Money | Saturday 23 September, 2023 1:04 am

Bahri Closes Participation in Saudi Maritime Congress 2023 as a Founding Partner

Bahri, a global leader in logistics and transportation, has successfully concluded its participation at the 4th edition of the Saudi Maritime Congress as a founding partner. Held under the patronage of His Excellency Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services...

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Tourism & Hospitality | Saturday 23 September, 2023 1:02 am

SAUDIA CELEBRATES THIRD CONSECUTIVE "WORLD CLASS AIRLINE" WIN AT THE APEX OFFICIAL AIRLINE RATINGS™

SAUDIA, the national flag carrier of Saudi Arabia, announced its triumphant win as the "World Class Airline 2024" for the third consecutive year at The APEX Official Airline Ratings™ awards.  This remarkable achievement solidifies SAUDIA's position as a three-time consecutive recipient...

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