June 7th, 2019 | 0 commentsAnif bin Ahmed Abanmi has been the president of Saudi Post since December 2018. He has also been the vice president of Saudi Telecom Co. (STC) for the operations sector since March 2018. Abanmi attained his bachelor’s degree in electrical engineering from the University of Colorado Boulder in 1998, and his master’s degree in electrical en...
June 7th, 2019 | 0 commentsUS Ambassador to Saudi Arabia John Abizaid visited Masmak Museum in Riyadh on Thursday, where he was received by the museum’s director Nasser Al-Arifi. The ambassador was briefed on the importance of Masmak Fort and its prominent position in the history of Saudi Arabia, and Riyadh in particular. Abizaid expressed in the visitors’ book his...
June 7th, 2019 | 0 commentsSaudi Arabian artists Dania Al-Saleh and Lulwah Al-Homoud are representing the Kingdom at the Artificial Intelligence and Intercultural Dialogue Art Exhibition, which began Thursday at the Hermitage Museum in St. Petersburg, Russia, and ends July 7. The exhibition explores the role of AI in contemporary art and features work that combines...
May 30th, 2019 | 0 commentsPresident of Guinea Professor Alpha Condé arrived in Madinah on Tuesday to visit the Prophet’s Mosque. At Prince Mohammed bin Abdulaziz International Airport, he was received by Undersecretary of Madinah Region Wahib bin Mohammed Al-Sahli and a number of officials. President Condé is in Saudi Arabia to attend key summits convened by King...
May 30th, 2019 | 0 commentsSaudi Arabia's foreign minister on Wednesday called on Islamic nations to reject Iran's "interference" in the affairs of other countries. "Tehran's support for Houthi rebels in Yemen is proof of Iranian interference in other nations' affairs and this is something that ... Islamic countries should reject," Ibrahim Al-Assaf told a gathering...
May 30th, 2019 | 0 commentsThe Saudi Arabian Monetary Authority’s (SAMA) assets increased by more than SAR 26 billion in April, compared to the month before. SAMA’s assets went up to 1.919 trillion ($491.7 billion) in April, according to the monthly bulletin by the Saudi Arabian Monetary Authority (SAMA). Assets decreased by SAR 16.541 billion last month, compared...
May 30th, 2019 | 0 commentsDevelopment Works Food Company posted an 8.83% year-on-year increase in its profits for the first quarter of 2019. Net profits after zakat and tax recorded SAR 1.45 million in Q1-19, compared to SAR 1.33 million in Q1-18, according to a filing to the Saudi Stock Exchange (Tadawul) late Tuesday. Revenues of the Saudi-based company jumped 3...
May 30th, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) opened Wednesday’s trading session with negative performance, pressured by blue-chip stocks. By 10:40 am KSA time, the main Tadawul All-Share Index (TASI) fell 1.55%, or 132.58 points, to 8,418.32 points. TASI’s traded volume reached 26 million shares exchanged at a turnover of SAR 671.13 million through...
May 30th, 2019 | 0 commentsRemittances by expatriates living in Saudi Arabia declined by 8.5% year-on-year to SAR 10.723 billion ($2.859 billion) in April. Month-on-month, remittances went down 23% last months from SAR 11.258 billion in March, data released by the Saudi Monetary Authority (SAMA) showed on Wednesday. Meanwhile, money transfers by Saudis grew 2.39% t...
May 30th, 2019 | 0 commentsSaudi mortgage surged 134.7% year-on-year to SAR 6.419 billion in April, compared to SAR 2.735 billion in the year-ago period. Month-on-month, mortgage in the kingdom rose 15.4% last month from SAR 5.56 billion in March, according to Saudi Arabia Monetary Authority (SAMA). The mortgage provided by banks in the GCC country reached SAR 6.03...
