July 23rd, 2019 | 0 commentsThe second phase of Indonesian Hajj pilgrims started landing in Jeddah with the arrival of a 455-strong contingent from Makasar’s Sultan Hasanuddin International Airport in South Sulawesi. The pilgrims were received by Indonesian Deputy Chief of Mission to Saudi Arabia Dicky Yunus and Indonesian Consul General Mohamad Hery Saripudin at Ki...
July 23rd, 2019 | 0 commentsA military exercise based in the Kingdom and conducted by the Saudi Royal Land Forces and the US Army will continue throughout this month. The exercise is called “Commander 2019” and was launched on July 14 at the main exercise center at the King Khalid Military City in the Northern Borders region. It aims to develop and strengthen Saudi-...
July 23rd, 2019 | 0 commentsSaudi Real Estate Refinance Company (SRC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), signed a partnership agreement with Deutsche Gulf Finance (DGF), Saudi Gazette reported. The deal was signed by Fabrice Susini, CEO of SRC, and Mohammad Al Dowesh, acting CEO of DGF, at a press conference in Riyadh. Under the deal, SRC...
July 23rd, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) opened Monday’s trading session in green territory, after two straight drops. By 10:30 am KSA time, the main Tadawul All-Share Index (TASI) inched up 0.07%, or 7.37 points, to 8,966.28 points. TASI’s traded volume reached 15.44 million shares exchanged at a turnover of SAR 394.55 million through 14,280 t...
July 23rd, 2019 | 0 commentsThe National Program to Support the Management of Projects in Public Entities (Mashroat) has signed a partnership agreement with Serco, a leading global provider of essential public services. The three-year deal will ensure that international standards in facility management (FM) will be followed through a knowledge transfer system, which...
July 23rd, 2019 | 0 commentsThe Saudi Stock Exchange’s (Tadawul) ended Monday’s trading session with mixed performance, pressured by the fall of leading sectors. The benchmark Tadawul All Share Index (TASI) decreased by 0.56%, or 50.34 points, ending the session at 8,907.46 points. TASI’s turnover decreased to SAR 2.58 billion on Monday, from SAR 2.71 billion on Sun...
July 19th, 2019 | 0 commentsNewly appointed Saudi Ambassador to the United States Princess Reema bint Bandar met with US Treasury Secretary Steven Mnuchin to discuss opportunities to further strengthen the countries’ partnership. The Saudi Arabian embassy in the US, in a tweet, said the two senior officials explored “ways to strengthen Saudi Arabia’s close partnersh...
July 19th, 2019 | 0 commentsThe Egyptian Embassy in Riyadh celebrated its National Day with VIP guests including acting Riyadh Gov. Prince Mohammed bin Abdulrahman bin Abdul Aziz, senior diplomats, business leaders and members of the Egyptian community. Prince Mohammed represented the Saudi government at the celebration. Upon his arrival, he was received by Egyptian...
July 19th, 2019 | 0 commentsZahrat Al Waha for Trading Co recorded a 29.2% year-on-year increase in profits to SAR 10.14 million during the second quarter of 2019, compared to SAR 7.85 million, as disclosed in the initial financial statements. Meanwhile, on a quarterly basis, the company’s profits grew 11% when compared to the first quarter of 2019, according to a b...
July 19th, 2019 | 0 commentsThe Saudi Steel Pipe Company (SSP) was awarded a contract to supply oil and gas steel pipes in consideration of an amount that exceeds 5% of SSP’s revenue in 2018, according to a bourse statement released on Thursday. Last year, SSP’s revenues fell 7.2% year-on-year to SAR 646.2 million in 2018. The production and financial impact of the...
