February 20th, 2019 | 0 commentsThe world is watching with interest the reforms taking place in Saudi Arabia under Crown Prince Mohammed bin Salman’s Vision 2030 strategy, Pakistani President Dr. Arif Alvi said on Monday. Speaking exclusively to Arab News during a wide-ranging interview in Islamabad, Alvi described Saudi Arabia’s new direction toward moderation and mode...
February 20th, 2019 | 0 commentsThe Saudi Cabinet praised Crown Prince Mohammed bin Salman on Tuesday for his three-stage Asian tour, including visits to Pakistan, India and China. The Cabinet, chaired by King Salman, particularly welcomed the outcome of the Pakistan leg of the trip, during which deals worth $20 billion were signed by the two nations. It added that it w...
February 20th, 2019 | 0 commentsCrown Prince Mohammed bin Salman arrived in New Delhi for his first trip to India on Tuesday night. Prime Minister Narendra Modi, in a break from normal protocol, welcomed the Saudi prince at the airport with a warm hug, sending a clear message about the importance India is placing on this royal visit. “India is delighted to welcome HRH M...
February 20th, 2019 | 0 commentsSaudi Arabia's King Salman and Russian president Vladimir Putin voiced their support for continued coordination on the global energy markets, the Kremlin said on Tuesday, after the two leaders had a telephone conversation. The Kremlin also said the two leaders praised the ongoing bilateral cooperation between Russia and Saudi Arabia. "Mut...
February 20th, 2019 | 0 commentsThe Saudi Arabian Ministry of Finance (MoF) announced closing its three-tranch domestic sukuk issue under the Saudi government local currency sukuk programme at a value of SAR 9.376 billion. The first tranche stood at SAR 1.8 billion and it would mature in 2024, according to the MoF’s statement. The second tranche amounted to SAR 274 mill...
February 20th, 2019 | 0 commentsAlmarai Co will meet with a number of investors to issue US dollar-denominated sukuk that will be under the fixed rate RegS Senior system. The value of the Islamic bond issue will be specified over the coming period subject to the market’s conditions, according to a statement on Tuesday to the Saudi Stock Exchange (Tadawul). The meetings...
February 20th, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) started Tuesday’s trading session with a negative performance after its main Tadawul All Share Index (TASI) levelled down 23.5 points, or 0.27%, to 8,546.3 points. By 10:40 am Saudi time, TASI’s trading volume hit 19.17 million shares exchanged through 15,460 transactions at a turnover of SAR 379.65 mill...
February 20th, 2019 | 0 commentsSouth Korea's S-Oil Corp on Tuesday signed a $2.32 billion (KRW 2.61 trillion) contract to provide Aramco Trading Singapore with refined oil products over the coming period. S-Oil will supply Aramco Trading Singapore with 17 million barrels of diesel, 13 million barrels of naphtha, and about 12 million barrels of jet fuel to the firm, Reu...
February 20th, 2019 | 0 commentsApply Pay on Tuesday announced starting its business in Saudi Arabia through providing prepaid services, secure and quick buying transactions on the web or its Apple Pay in-app. Visa debit and credit cardholders in the kingdom will also be able to carry out payments via Apple Watch and iPhone 6,and iPhone SE in stores that approve wireles...
February 20th, 2019 | 0 commentsSaudi Arabia’s consumer price index (CPI), which is known as inflation, fell 1.9% year-on-year in January, registering the first drop in 14 months, the General Authority for Statistics (GASTAT) reported on Tuesday. Housing, water, electricity, gas, and other fuels section tumbled 7.7% by the end of last month, compared to the same period...
