Business & Money | Sunday 29 March, 2020 3:36 am

Saudi municipalities cleaning up to combat coronavirus

Municipalities in Saudi regions have stepped up their environmental sanitation campaign and sterilization of public sites, markets and streets to prevent the spread of the coronavirus disease (COVID-19). Atif Al-Sharaan, mayor of Al-Jouf region, said that the municipality is working to disinfect ...

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Business & Money | Saturday 28 March, 2020 5:03 pm

B20 Saudi Arabia welcomes the G20 Leaders’ commitment to tackle the COVID-19 pandemic

B20 Saudi Arabia welcomes the statement on the need for global coordination to respond to the impact of COVID-19, announced at the end of the Extraordinary G20 Leaders’ Summit. We commend the leadership of the Kingdom of Saudi Arabia, in particular The Custodian of the Two Holy Mosques King...

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Business & Money | Saturday 28 March, 2020 4:56 pm

A virtual G20 summit — but it offered genuine reassurance

It is a good sign when the G20 produces its traditional communique within minutes of the formal close of a summit of world leaders. It means there was genuine and broad agreement on the issues under discussion, and that there were no tricky last-minute “accommodations” to be made to...

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Business & Money | Saturday 28 March, 2020 3:57 pm

The Ministry of Hajj and Umrah urges minor pilgrim doers to take advantage of the exemption period, before the deadline

Ministry of Hajj and Umrah, in cooperation with the General Directorate of Passports, announced that, in addition to what it announced on Rajab 28, 1441 AH corresponding to March 23, 2020 AD, it provided an opportunity for all pilgrims whose visas ended and those who were late to leave to their...

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Business & Money | Saturday 28 March, 2020 3:53 pm

G20 Summit emphasizes the necessity for revitalization of the global economic growth

Saudi newspapers highlighted in their editorials today a number of issues, at local, regional and international arenas. Dammam-based Al-Yaum and Jeddah-based Al-Bilad newspapers, respectively, shed lights in their editorials, the announcement made by the Kingdom of Saudi Arabia to hold the...

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Business & Money | Saturday 28 March, 2020 1:57 pm

Abu Dhabi ranks 1st among Arab cities and 35th globally in 2020 World Happiness Report

Abu Dhabi has been ranked first among Arab cities in the latest edition of the World Happiness Report 2020, an annual publication of the United Nations Sustainable Development Solutions Network made in partnership with the Gallup World Poll, an American analytics and advisory...

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Business & Money | Saturday 28 March, 2020 9:51 am

Saudi Arabia raises more than SR15bn in bond sale

The Kingdom’s Finance Ministry said on Friday that it had closed the book to investors on its March 2020 riyal-denominated sukuk program. The total amount raised by the sukuk sale was SR15.568 billion, divided into three tranches that mature in five, 10 and 30 years. Gulf oil exporters...

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Business & Money | Friday 27 March, 2020 2:42 am

The ENTERTAINER waives its commission for restaurants during COVID-19 pandemic

Due to the rapidly evolving environment surrounding the impact of COVID-19, from March 25th until the UAE Government deems it safe to open restaurant doors for takeaways and in-venue dining, the ENTERTAINER will remove all commissions received on food deliveries.   To help reduce...

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Business & Money | Friday 27 March, 2020 12:44 am

KFED announces 3-month postponement of payment for outstanding loan instalments of MSMEs

Khalifa Fund Enterprise Development (KFED) announced that it will postpone the collection of payments for outstanding instalments for three months for UAE nationals and owners of micro small and medium enterprises (MSMEs) that are part of the mortgage program helping them establish their commercial ...

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Business & Money | Thursday 26 March, 2020 10:33 am

Nakheel pledges AED230 million in financial support for customers

Master developer Nakheel today announced an AED230 million economic relief package for customers in the wake of the Covid-19 outbreak.   The initiative is in line with the economic stimulus launched under the direction of H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice President...

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