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Financials and Investment News in Saudi Arabia

Riyadh: Energy Minister Meets His Azerbaijani Counterpart
1/15/2018 - Minister of Energy, Industry and Mineral Resources Engineer Khalid bin Abdulaziz Al-Falih met here with Minister of Energy of Azerbaijan Parviz Shahbazov and his accompanying delegation.

Dur...
Saudi-Japanese Business Council President Expects Increase in Japanese Investments in the Kingdom
1/15/2018 - President of Saudi-Japanese Business Council at the Council of Saudi Chambers Tariq bin Abdulhadi Al-Qahtani expected that Japanese investments in the Kingdom are witnessing remarkable levels in the i...
Jeddah: International Islamic Trade Finance Corporation Signs Agreement for Gambia
1/17/2018 - The International Islamic Trade Finance Corporation, a member of Islamic Development Bank Group, has signed a framework agreement granting $ 210 million for a three-year term to the Republic of Gambia...
Saudi Arabia: Issues Directive for Transfer of USD $2 Billion to the Central Bank of Yemen
1/17/2018 - The Kingdom of Saudi Arabia is determined to alleviate the suffering of the Yemeni people and to help them cope with the economic burdens resulting from the crimes and violations committed by Iranian-...
Saudi Arabia: Economists Think Saudi's Outlook Looks A Little Too Rosy
1/17/2018 - Saudi Arabia’s government expects record spending to deliver a strong economic rebound in 2018.

Economists say it’s too optimistic, with officials underestimating the impact of new taxes, su...
Saudi Tech Startups Raise over SR48m in 2017
1/17/2018 - The technology startups incubated by Badir Program, one of the King Abdul Aziz City for Science and Technology main initiatives, have successfully raised more than SR48 million during the year 2017 th...
Minister of Trade and Investment Discusses Ways to Strengthen Relations and Develop Trade Exchange
1/22/2018 - Minister of Trade and Investment, Dr. Majid bin Abdullah Al Qasabi, is leading the kingdom's delegation in an official visit to the Republic of Costa Rica from 21 to 23 January.

During the vi...
Saudi: Finance Minister: Etimad Platform Enhances Trends towards Digital Transformation
1/22/2018 -  Mohammed bin Abdullah Al-Jadaan, Minister of Finance, launched here a digital platform "Etimad" which included the Finance Ministry's electronic services to the public and private sectors at King Abd...
Saudi: President of Costa Rica Receives Minister of Commerce
1/24/2018 - President of Costa Rica Luis Guillermo Solis Rivera has received Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qasabi, in the presence of the Saudi Ambassador to Mexico Hammad bin Ghan...
Saudi: Davos Takeaway: Sun Shines on Global Economy but Caution Needed
1/27/2018 - Davos, Switzerland — The upturn in economic growth prospects for the global economy is an opportunity to “fix the roof while the sun shines” and to shift the recovery from a cyclical to a structural o...
Abu Dhabi: Economic Cities Authority Signs Mou with Masdar
1/27/2018 -  The Economic Cities Authority (ECA) signed a memorandum of understanding with Abu Dhabi Future Energy Company (Masdar), aiming to cooperate on projects and services that can be provided in the Saudi ...
Saudi:Finance Minister at Davos Forum We Seek to Ensure Sustainability of Growth in National Economy
1/28/2018 - The Minister of Finance Mohammed bin Abdullah Al-Jadaan participated in World Economic Forum "Davos" held in Switzerland from 23-26 January 2018 within the Kingdom's delegation including a number of p...
Saudi Economic Reforms Have Supported Logistics on Red Sea Line
1/28/2018 - The CEO of logistics services at LogiPoint, Hemanth Prakash said that the Saudi economic reforms have had a positive impact on the development of a significant logistical competition along the Red Sea...
Riyadh -Expert Analyzes Why 50% of Entrepreneurs Leave the Market in the First Year
1/28/2018 - The Kingdom has a very attractive atmosphere for business and investment for small and medium business startups. However, one of the observations that was noticed with small and medium businesses is t...
Saudi Sipchem Mulls U.S. Shale Venture in First Foreign Foray
1/30/2018 -  Saudi International Petrochemical Co. is considering investing in the U.S. shale industry in what would be the company’s first foreign venture as it faces higher costs and a shortage of feedstock at ...
Saudi: Jazan Chamber President Meets German Commissioner
1/31/2018 - President of Board of Directors of Jazan Chamber Khalid bin Mohammed Sayegh met here German Industry and Trade Commissioner in the Kingdom Oliver Ohms.

During the meeting, they discussed opp...
Saudi Chambers Council SG Meets Czech Ambassador
1/31/2018 - Secretary General of the Council of Saudi Chambers Dr. Saud bin Abdulaziz Al-Mishari discussed with the Ambassador of Czech Republic to the Kingdom Berry Slavic here the promotion of trade, investment...
Saudi: Cisco Aims to 'Reinvent the Network', Unveils New Predictive Analytics Innovations
1/31/2018 - Cisco said it aims to reinvent the network by investing in technologies in intent-based networking, as it revealed its software innovations in analytics at the Cisco Live event here this week.

...
15th Saudi Plastics & Petrochem Underlines Sector Challenges
2/3/2018 - RIYADH — With the drive towards economic diversification, the chemical and petrochemical sector in Saudi Arabia is accelerating the achievement of the objectives of the Saudi vision 2030.

Th...
Saudi-Spanish Joint Committee Starts 2nd Session in Riyadh
2/6/2018 - The Saudi-Spanish Joint Committee has started in Riyadh its second session co-chaired by Minister of Commerce and Investment Dr. Majed bin Abdullah Al-Qasabi and Spanish Secretary of State for Trade M...

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