Business & Money | Tuesday 14 April, 2020 2:55 pm

Visa supports move in KSA to increase in PIN-free contactless transactions

In accordance with SAMA’s decision, Visa cardholders in Saudi will only be required to enter PIN for contactless transactions above SAR300; new limit is a 200% increase on previous SAR100 limitVisa is working alongside local bank partners and merchants to implement new PIN-free limit on Visa...

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Business & Money | Tuesday 14 April, 2020 2:04 pm

PepsiCo supports the MENA region with $5 million relief funds in response to the COVID-19 crisis

As regional efforts kick into high gear to provide relief from the devastating impact of COVID-19, PepsiCo and its philanthropic arm, the PepsiCo Foundation have confirmed that it is committing $5 million in relief efforts across the region. In the wake of the COVID-19 pandemic, PepsiCo, The...

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Business & Money | Tuesday 14 April, 2020 1:45 pm

MAWANI & SGP signs remotely the largest single BOT Agreement in the Kingdom with investments of 7 billion Saudi Riyals

Saudi Ports Authority (MAWANI) and Saudi Global Ports (SGP) signed a new Build, Operate and Transfer (BOT) agreement for the Container Terminals in the King Abdulaziz Port in Dammam over a virtual signing ceremony today. Under the patronage of H.R.H. Prince Saud bin Nayef bin Abdulaziz,...

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Business & Money | Tuesday 14 April, 2020 1:34 pm

Statement on Finance and Trade

The COVID-19 pandemic knows no boundaries, with about 1.8 million confirmed cases and over a hundred thousand deaths across 209 countries and territories. As the COVID-19 pandemic continues to spread, so do the resulting economic shockwaves. Heightened uncertainty surrounding the crisis means the...

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Business & Money | Tuesday 14 April, 2020 1:05 pm

Nakheel completes deep disinfection at 647 residential buildings across Dubai

Master developer Nakheel has completed a two-week precautionary deep disinfection programme at all 647 residential buildings in its Dubai property portfolio as part of its continued efforts to safeguard public health.   More than 6,000 corridors, 3,000 concierge and lobby areas, and...

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Business & Money | Tuesday 14 April, 2020 4:39 am

Red Sea Mall Adheres to International Sanitizing Standards to Reduce the Spread of COVID19

Red Sea Mall started the sanitizing process in adherence to international sanitization standards across its facility. The process will include the mall’s HVAC (Heat Ventilation Air Condition) system, all public areas, washrooms, prayer rooms, corridors, floors, gates, glass windows, seating...

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Business & Money | Tuesday 14 April, 2020 1:00 am

Hytera Actively Participates in the Fight Against COVID-19, Helping to Prevent Cross-infections

As of April 9, 2020, more than 1.5 million people have been diagnosed with COVID-19 worldwide, according to data from the World Health Organization (WHO). At this critical moment, Hytera, as a global leading provider of professional and private wireless communication networks, has taken immediate...

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Business & Money | Monday 13 April, 2020 2:25 am

SAMA and Financial Sector’s Initiatives .. Sustainable Development in the Time of COVID-19 Pandemic

A tremendous development of the economic and financial system in the Kingdom of Saudi Arabia can be observed since the emergence of Corona virus (COVID-19). A high level of professionalism in dealing with local and global developments in an attempt to maintain the stability and sustainability of...

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Business & Money | Monday 13 April, 2020 1:22 am

G20 Finance Ministers and Central Bank Governors to Hold Meeting Next Wednesday

The G20 Finance Ministers and Central Bank Governors will meet under the Saudi G20 Presidency on April 15 to continue to discuss and take urgent actions needed to address the global challenge presented by the COVID-19 pandemic. Traditionally, the April G20 Finance Ministers and Central Bank...

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Business & Money | Monday 13 April, 2020 1:04 am

Pfizer Advances Battle Against COVID-19 on Multiple Fronts

Pfizer Inc. (NYSE: PFE) today announced important advances in the battle against the global COVID-19 pandemic.  As outlined in Pfizer’s five-point plan, the company has been collaborating across the healthcare innovation ecosystem ranging from large pharmaceutical companies to the...

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