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FINANCE & ECONOMY

Saudi Arabia's reforms should bring flood of foreign funds next year
April 22, 2018

Saudi Arabia's inclusion in global equity indexes and the planned privatisation of oil company Aramco are expected to bring big inflows of overseas money into the kingdom next year.

This should help Riyadh rebuild its financial reserves and fund investment plans after the 2014 plunge in oil prices that cut export earnings and deprived the banking system of funds.

Reversing the trend would shift the outlook for an economy which shrank"...

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Russia eyes an exit, while Saudi Arabia holds oil output curbs together
April 22, 2018

Opec kingpin Saudi Arabia is set to maintain a global pact to curb oil output as prices top three-year highs even as Russia looks to ease off production restrictions to meet fiscal targets.

It was “premature” to even talk about gradual easing of cuts at the Opec meeting in June, Saudi oil minister Khalid Al Falih told reporters after the exporter group’s monitoring committee"...

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Saudi Arabia Says Toy Drone Shot Down in Capital Riyadh
April 22, 2018

Saudi security forces shot down a small recreational drone flying in an unauthorized space in the capital Riyadh on Saturday, according to the kingdom’s state news agency.

The Saudis put out the statement from the Riyadh police after a flurry of unconfirmed rumors spread on social media of clashes and gunfire near the royal palace and a possible coup.

The"...

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Finance Minister says Saudi Arabia is investing in technology 'like there's no tomorrow'
April 22, 2018

Saudi Arabia’s finance minister, Mohammed al-Jadaan, says that the oil-rich kingdom is putting down major capital in its efforts to diversify the economy, investing money in technology and “spending as if there is no tomorrow.”

The tech push is part of the country’s push to decrease its reliance on oil as Crown Prince Mohammad bin Salman has stressed a need for a"...

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Saudi Arabia will be one of the very best countries for tourism, says Prince Sultan
April 22, 2018

Saudi Arabia will be one of the most attractive countries for tourism because of its location, its unique tourist and historic elements and its hospitable and welcoming people, said Prince Sultan bin Salman.
Prince Sultan, who is president of the Saudi Commission for Tourism and National Heritage (SCTH), told the annual conference of the World Travel and Tourism Council (WTTC) in the Argentine capital Buenos Aires that the efforts of the SCTH and its partners"...

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Makkah workshop approves 27 initiatives to enhance religious moderation and tolerance
April 22, 2018

Makkah Gov. Prince Khaled Al-Faisal has inaugurated the “mithaq” initiative, the first of its kind to be held at the Holy Mosques, and received the book on “Following the Steps of the Role Model” from the General President of the Affairs of the Two Holy Mosques Sheikh Abdulrahman Al-Sudais.

The initiative included three workshops: The first workshop, Creating Initiatives"...

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Private sector Saudi staff must wear traditional dress
April 22, 2018

Prince Khaled Al-Faisal, emir of Makkah and adviser to Custodian of the Two Holy Mosques, issued directives that young Saudi citizens who are employed with the private sector in the region must wear Saudi dresses while women employees should wear dresses.

He also ordered that a working team comprising representatives of the emirate, branches of the Ministry of Labor and Social Development and Ministry of Commerce and Investment should follow up continuously"...

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DAH marks graduation of 16th batch of students
April 22, 2018

In an auditorium filled with members of the board, friends, family, faculty, alumni and staff, Dar Al-Hekma University celebrated the graduation of 384 students in the colleges of Design & Architecture, Business & Law, Education and Health Sciences.

The graduation ceremony began with reciting of verses from the Holy Qur’an by Sarah Al Atwi, a graduate student from the Department of Architecture, and Iman Ergesus, a graduate of the Department"...

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The Western Union Foundation Continues its Commitment to Supporting Education with Global WU Scholars Program
April 22, 2018

(AETOS Wire) -- The Western Union Foundation is now accepting applications for its WU Scholars Program* for the second year in a row. This global scholarship program is focused on supporting students around the world who are pursuing a post-secondary education in the areas of science, technology, engineering, mathematics (STEM), business and entrepreneurship. “Education opens the door to economic opportunity,” said Jacqueline Molnar, Western Union Foundation Board Chair. “The Western Union Foundation is committed to helping people all over the world gain access to job-focused education, which in turn can translate into better careers and better pay.” Students are selected as WU Scholars based on their accomplishments and personal goals related to the program’s three pillars: perseverance, aspiration, and community. Students receive USD $2,500 (or the local currency equivalent) as a contribution toward their tuition or school fees......

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DMS Champions Greater Transparency across the Region’s Digital Advertising Ecosystem with “ads.txt”
April 22, 2018

Transparency has been a growing concern in digital advertising, with industry research revealing that ad fraud costs the global digital ecosystem about $6 billion per year. For many years, companies have looked at a range of possible solutions to combat this issue, but as they say, sometimes the simplest ideas are the best ones.

In June 2017, The IAB"...

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