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FINANCE & ECONOMY

Saudi Arabia Launches Commercial Courts to Protect Foreign Investors
October 17, 2017

Saudi Arabia's Justice Minister and Chairman of the Supreme Judicial Council Dr. Walid Bin Muhammad Al-Sama’ani officially launched commercial courts on Sunday.

Commercial courts started operating from September 21 this year with the opening of three courts in Riyadh, Jeddah and Dammam.

Al-Sama’ani"...

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Wind turbines suspended high in the sky have potential as an alternative power source for Saudi Arabia
October 17, 2017

The notion of tethered wind turbines that generate electricity from abundant and reliable high-altitude winds seems futuristic. Now, KAUST research led by Georgiy Stenchikov has identified the most favorable areas for high-altitude wind-energy systems in the Middle East.

The results confirm that there is abundant wind energy up there that could"...

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Sudan: Ready to re-delineate maritime border with Saudi Arabia
October 17, 2017

Sudanese Deputy Prime Minister and the Minister of Information Ahmed Bilal Othman said his country is ready to re-delineate its maritime border with Saudi Arabia, Okaz newspaper reported.

During his meeting with a number of members of the Saudi Journalists’ Association in Riyadh, Othman said that the political climate between Saudi Arabia and Sudan is at its best. He pointed out that"...

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Online retail comes to Saudi Arabia
October 17, 2017

In Saudi Arabia, a kingdom where postal codes are rarely used, most people pay in cash, and shopping is done in giant air-conditioned malls, building an online retail business is no easy task.

But two powerfully-backed companies are trying to do just that, betting a young, tech-savvy population will eventually deliver up a large slice of the Arab world’s largest consumer market."...

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Saudi Arabia’s PIF establishes recycling sector company
October 17, 2017

Saudi Arabia has announced it will establish a recycling sector company via the Public Investment Fund (PIF), as part of its ambitious Vision 2030 programme.

The creation of the The Saudi Recycling Company, a new waste management company, is part of Vision 2030’s goal of diversifying the economy and developing the public sector.

The"...

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Saudi Arabia and Indonesia Sign Minutes of Domestic Workers Recruitment
October 17, 2017

Dr. Ali bin Nasser Al-Ghafis, Minister of Labor and Social Development,
and Indonesia's Minister of Manpower and Transmigration Mohammed Hanif
Dhakiri signed here today a protocol agreement on the recruitment of
Indonesian domestic workers.

During the meeting, the two ministers discussed ways of enhancing
joint cooperation between the two friendly countries in the field of
labor and ways of developing mechanisms....

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KSMA organizes family marathon to increase awareness on obesity
October 17, 2017

King Saud Medical City (KSMC) recently organized a special family-oriented event at Tala Park in Al-Nada District in the capital to increase the culture of walking in the community. The event came in line with The World Obesity Day under which the KSMC has made efforts to spread the obesity awareness within the community.

Saudi Arabia has one of the highest obesity (33%) and diabetes (17%) rates in the world. Obese patients are at an increased risk for"...

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Female students to get driving lessons in colleges
October 17, 2017

The Technical and Vocational Training Corporation (TVTC) will organize driving lessons for female students in various colleges in the Kingdom, according to female supervisor of girl education at TVTC Amal Al-Sahli.

“Allowing women to drive will further promote their role in public life and enhance their participation in the labor market,” she said.

Amal said TVTC is making necessary preparations to start driving lessons and educate"...

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Saudi Recycling Company in the offing
October 17, 2017

The Public Investment Fund (PIF) is planning to establish the Saudi Recycling Company, a new waste management government enterprise, aiming to support and operate the PIF’s investments in domestic recycling sector projects, it was announced here on Monday.

Aligned with the Kingdom’s Vision 2030 goal to safeguard the country’s environment by improving recycling across the Kingdom, the new company will develop and operate projects designed"...

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Commercial courts to boost investment in Saudi Arabia
October 17, 2017

Justice Minister Walid Al-Samaani has officially launched the commercial courts after they had started to operate on Muharram 1 of this year.
Al-Samaani, who is also the Supreme Judicial Council chairman, said the three commercial courts in Riyadh, Jeddah and Dammam would help enhance the business environment, encourage investment and boost economic development, in line with the objectives of Saudi Vision 2030.
Addressing the inaugural ceremony, Al-Samaani"...

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