Business & Money | Monday 22 July, 2019 11:16 am

Saudi Arabia Refinancing and Deutsche Gulf Sign $ 2.25 Billion Agreement

The Saudi Real Estate Refinancing Company (a wholly-owned subsidiary of the Public Investment Fund) today announced that it has signed a partnership agreement with Deutsche Gulf Finance, which includes the purchase of real estate portfolios and the provision of financial facilities worth more than...

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Business & Money | Monday 22 July, 2019 10:10 am

17.4 billion Saudi Riyals of the Development Fund for Saudi exports in 2009

The value of the Saudi Development Fund's funds and guarantees to Saudi exports jumped 494 percent last year compared to 2017. The value of the funds and guarantees provided by the Fund in 2018 about 17.39 billion riyals, compared with 2.93 billion riyals in 2017. According to a report by the ...

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Business & Money | Monday 22 July, 2019 9:00 am

EY launches 2nd Edition of Entrepreneurial Winning Women Program to Empower the Next Generation of Women Leaders

EY has launched the 2019 edition of its Entrepreneurial Winning Women program in the MENA region as part of its ongoing effort to recognize and support women entrepreneurs who are contributing to their local economies.    The EY Entrepreneurial Winning Women™ program...

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Business & Money | Monday 22 July, 2019 9:00 am

Amendments to the system of the Industrial Fund allows to invest and issue sukuk

The Council of Ministers decided earlier this month to approve the amendment of the Saudi Industrial Development Fund, after reviewing the recommendation prepared by the Economic Affairs Council and considering the decision of the Shura Council. Um Al Qura newspaper published details of the...

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Business & Money | Monday 22 July, 2019 8:21 am

SSIF assets reach JD10.7b; revenues grow by 24%

The Social Security Investment Fund’s (SSIF) assets grew by 5 per cent by the end of June to reach JD10.72 billion, compared with JD10.19 billion as at the beginning of 2019, according to a statement from the fund. SSIF’s revenues increased to reach JD321.6 million by the end of...

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Business & Money | Sunday 21 July, 2019 11:59 pm

75% of Security Awareness Professionals Work Part-time According to the Latest SANS Security Awareness Report

The most common factors holding back security awareness programmes in companies are the lack of time and staff rather than budget, although nearly 60% of the professionals surveyed say they are not even aware of the budget allocated to security awareness in their companies. These are some of the...

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Business & Money | Sunday 21 July, 2019 11:59 pm

United Arab Emirates Public and Cultural Diplomacy Minister Discusses Ongoing and Future Partnerships with Smithsonian Institution and Free Sackler Gallery

On the sidelines and part of UAE's delegation to the United States Department of State Ministerial to Advance Religious Freedom Conference, His Excellency Zaki Nusseibeh, United Arab Emirates Minister of State and Head of the Ministry of Foreign Affairs Office of Public and Cultural Diplomacy...

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Business & Money | Sunday 21 July, 2019 9:30 pm

ASE closes trading on higher note

The Amman Stock Exchange (ASE) closed Sunday's trading session up by 0.11 percent at 1,881 points. A total of 6.3 million shares were traded through 3,158 transactions at a trading value of JD8.7 million. When comparing the closing prices of companies with traded shares, 30 saw their share...

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Business & Money | Sunday 21 July, 2019 2:39 pm

SAB Express the Global Service Provider for FedEx Express in Saudi Arabia

 FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company appointed SAB Express (SAB) as the global service provider for its international services, connecting Saudi Arabia with more than 220 countries and territories. “SAB...

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Business & Money | Sunday 21 July, 2019 1:45 pm

AlGhazali Organizes an Exhibit in Jeddah in Preparation for Haj Season 1440H

AlGhazali Trading Company organized its regional exhibition in Jeddah in preparation for Haj season 1440H. This came after the annual company meeting for its clients and distributers. The exhibit, which was held in AlGhazali center in Jeddah, was opened by Dr. Sami Abdullah Al-Obeidi, vice...

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