March 19th, 2019 | 0 commentsSaudi Arabia has strongly condemned Israeli violations in the occupied Palestinian territories and the recent Israeli forces’ aggression on unarmed civilians in the Gaza Strip. The Kingdom’s ambassador at the United Nations in Geneva spoke on the violations in his speech before the Human Rights Council, during an interactive dialogue with...
March 19th, 2019 | 0 commentsSaudi Arabia's Minister of State for Foreign Affairs Adel Al-Jubeir said on Monday that the world stands united in solidarity with Muslims after the terror attack in Christchurch, New Zealand last week, which killed 50 people. Taking to Twitter, Al-Jubeir also said that the incident proved that terrorism had "no religion or race." He adde...
March 19th, 2019 | 0 commentsAl Ahsa Development on Monday announced the completion of purchasing a 25% stake in Twareat Medical Company at a value of SAR 15 million. The transaction’s financial impact will start to appear in the company’s financials as of the first quarter of 2019, according to Al Ahsa’s filing to the Saudi Stock Exchange (Tadawul). In January, the...
March 19th, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) closed Monday’s trading session in the green after its benchmark Tadawul All Share Index (TASI) surged 89.72 points, or 1.05%, to 8,653.16 points, recording its highest level in 30 sessions. TASI’s traded value rose to SAR 3.68 billion ($981.3 million) on Monday, versus SAR 3.04 billion ($809.87 million)...
March 19th, 2019 | 0 comments Saudi Arabia’s crude oil exports dropped to 7.254 million barrels per day (bpd) in January, from 7.687 million bpd in December 2018. The kingdom’s oil output fell 0.4 million bpd month-on-month to 10.243 million pbd in the first month of 2019, Reuters reported on Monday, citing official data. Crude oil Inventories of the top producer of...
March 18th, 2019 | 0 commentsA number of ambassadors of brotherly countries called on King Salman at Al-Yamamah Palace on Sunday and presented their credentials to the king. The king welcomed the envoys and conveyed his greetings to their leaders and wished them success in their endeavors. The ambassadors included Dr. Ibrahim Gallo (Sierra Leone), Vu Viet Dung (Vietn...
March 18th, 2019 | 0 commentsDr. Yousef Al-Othaimeen, secretary-general of the Organization of Islamic Cooperation (OIC), praised King Salman for his “strong and firm” response to Friday’s terrorist attack on two mosques in Christchurch, New Zealand, in which 50 people were killed. He also called on the international community to confront terrorism and hate speech in...
March 18th, 2019 | 0 commentsSaudi Arabia has finalised new rules for calculating Islamic Tax on banks. The new procedures will lead banks to pay around 10% to 20% of their net profits, Bloomberg News reported on Sunday. “The General Authority of Zakat & Tax (GAZT) set limits for the taxable asset base of between four times and eight times net profits,” according...
March 18th, 2019 | 0 comments Saudi Arabia will need to make certain exceptions for tourists as it seeks to be a global tourism destination. The Saudi government has to exempt tourists from many local rules in certain destinations such as NEOM in a bid to attract more visitors to the kingdom, global CEO of AccorHotels told Arabian Business. The GCC kingdom may learn...
March 18th, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) closed Sunday’s trading session with a negative performance after its benchmark Tadawul All Share Index (TASI) tumbled 19.44 points, or 0.23%, to 8,563.44 points. TASI’s trading value fell to SAR 3.036 billion by the end of the first session of the week, from SAR 4.804 billion on Thursday. The pharmaceut...
