January 17th, 2019 | 0 commentsDr. Khaled bin Abdulmohsen Al-Muhaisen has been president of the National Anti-Corruption Commission (Nazaha) with the rank of minister since January 2015. Previously he was a member of the Shoura Council, and also served as a professor at the Institute of Public Administration in Riyadh. Al-Muhaisen was a member of the law commission at...
January 17th, 2019 | 0 commentsA prominent member of the UAE Federal National Council (FNC) has praised the Kingdom’s efforts at enhancing security and development. Amal Al-Qubaisi, FNC chairperson and speaker, met with members of the Saudi Shoura Council during a delegation visit to the UAE headed by Ahmed Al-Ghamdi, deputy chairman of the Saudi-Emirati Parliamentary...
January 17th, 2019 | 0 commentsSaudi Arabia’s Samba Financial Group on Wednesday reported a 10.1% year-on-year profit rise by the end of 2018. Samba logged a net profit of SAR 5.53 billion ($1.47 billion) last year, up from SAR 5.02 billion ($1.34 billion) during 2017, according to a statement to the Saudi Stock Exchange (Tadawul). The Saudi lender attributed 2018 prof...
January 17th, 2019 | 0 commentsSaudi Arabia on Wednesday has revealed plans to start the construction of its first renewable energy projects after a month, the head of the Energy Ministry's Renewable Energy Project Development Office said. The project will be offered for the private sector as it will be fully financed by investors, Al Eqtisadiah newspaper reported, cit...
January 17th, 2019 | 0 commentsSaudi Arabia's energy ministry is teaming up with the state-owned Public Investment Fund (PIF) to Saudise renewable energy techniques, the energy minister said on the sidelines of the 2019 Abu Dhabi Sustainability Week (ADSW). This cooperation aims to meet domestic demand for clean energy and to export the surplus abroad, Khalid al-Falih...
January 17th, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) finished Wednesday’s trading session in the green after its benchmark Tadawul All Share Index (TASI) surged 59.22 points, or 0.7%, to 8,406.47 points, registering its highest level in six months. TASI’s liquidity increased slightly to SAR 3.23 billion, from SAR 3.19 billion, while trading volume stood at...
January 14th, 2019 | 0 commentsSaudi Arabia’s Grand Mufti Sheikh Abdul Aziz Al-Asheikh, Speaker of Shoura Council Dr. Abdullah bin Mohammed Al-Asheikh, several senior ministers, members of the Saudi Shoura Council, scholars and citizens on Sunday called on the king at his palace in Riyadh to greet him. The reception began with the recitation of verses from the Holy Qur...
January 14th, 2019 | 0 commentsResults for the initial admission of female students to join military service at the General Directorate of Prisons (which is at soldier’s rank) have been announced by the Ministry of Interior. Details can be found on www.jobs.sa. Dates and venues for personal interviews were sent via text message. Candidates must bring with them a printe...
January 14th, 2019 | 0 commentsAramex on Sunday announced its acquisition of Saudi TAL for Commerce and Contract Company Ltd for $80 million. Commenting on the deal, Aramex CEO Bashar Obeid revealed that Saudi Arabia was Aramex’s largest market in the Middle East and one that held significant growth potential for the business, stressing that the acquisition was in line...
January 14th, 2019 | 0 commentsSaudi Fransi Capital on Sunday announced a cash dividend distribution for shareholders in its Taleem REIT Fund. The Saudi financial services provider said that the distribution, amounting to SAR 8.160 million ($ million), will be based on 51 million existing units, according to a filing to the Saudi Stock Exchange (Tadawul). The distribut...
