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FINANCE & ECONOMY

Millennium Hotels and Resorts Expands Further in the Kingdom of Saudi Arabia With Millennium Madinah Airport
June 21, 2018

Millennium Hotels and Resorts have furthered their expansion into the Kingdom of Saudi Arabia with the opening of Millennium Madinah Airport. Designed to provide pilgrims and visitors a luxurious accommodation in the city, the property features 227 magnificent rooms and is located at Prince Mohammad Bin Abdulaziz Airport.

Situated from the center of Al Madinah al-Munawwarah, the “City"...

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Saudi Arabia to push ahead with Salwa Canal project
June 21, 2018

Bidding for construction projects of the Salwa Canal that will separate Saudi Arabia from neighbouring Qatar will end next week on June 25, according to Saudi media reports.

Previous reports in local media indicated that the canal will measure 15-20 metres deep and 200 metres wide, allowing for the passage of merchant vessels. Saudi Arabia’s Al-Riyadh newspaper went further, claiming"...

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Saudi Arabia 'committed to ensuring the availability of oil supplies': Prince Abdulaziz
June 21, 2018

Saudi Arabia is 'committed to ensuring the availability of [oil] supplies,' Prince Abdulaziz said Wednesday, as OPEC debates whether to lift caps on its 1.8 million b/d output cut agreement with 10 non-OPEC partners.

OPEC is discussing a 'wide range of options, including bringing additional supplies to the market,' the prince, who also serves as Saudi Arabia's minister of state for energy affairs, said in prepared remarks at the OPEC"...

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Saudi Arabia to Launch ‘Masam’ Humanitarian Project next Week
June 21, 2018

Saudi Arabia will launch on Monday “Masam,” a humanitarian project represented by King Salman Humanitarian Aid and Relief Center (KSRelief), reported the Saudi Press Agency on Wednesday.

The project stems from the teachings of Islam, which call for helping the needy and preserving human life, dignity and health.

“Masam” is an extension of Saudi Arabia’s humanitarian role and its global message in this regard....

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Strategy to empower Saudi Arabia and UAE
June 21, 2018

In early June, Saudi Arabia and the UAE launched a “Strategy of Resolve” that will create dozens of joint projects in priority sectors within five years between the two allies. The announcement was made in Jeddah in the presence of Saudi Crown Prince Mohamed bin Salman and UAE Crown Prince Sheikh Mohamed bin Zayed.

The strategy is an outcome of the “resolve retreat”"...

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Gulbarga Charitable & Welfare Trust Riyadh chapter launched
June 21, 2018

Indian expatriates from Gulbarga launched a new chapter at Riyadh with a commitment to help poor and needy people in their hometown.

The President of Gulbarga Charitable and Welfare Trust (GCWT) Jeddah Chapter Syed Nasir Khursheed attended the event as the chief guest and inaugurated the new chapter while Mohammed Imdad Ali, president GCWT Riyadh Chapter, anchored and presided over the function.

Sadat Ali, IT manager and Dr. Sayeed Mohiuddin,"...

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High tobacco tax forces many to quit smoking
June 21, 2018

The Ministry of Health has reported that the increase in tobacco tax made many smokers to seek medical help to quit the habit.

Naqaa Anti-Smoking Society head Sulaiman Al-Sabi said the tobacco tax was increased by 348 percent.

'Our clinics witnessed a large increase in patients who came in wanting to quit smoking so they won't have to pay the taxes on tobacco. The price of a packet of cigarettes has now reached SR25. The smoker would"...

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1.8 million products on store shelves during Ramadan
June 21, 2018

The Ministry of Commerce and Investment reported that the number of products that were on sale during the month of Ramadan was 1.8 million, Al-Watan newspaper reported.

The ministry ran an inspection campaign during the month of Ramadan and shut down 65 stores for commercial fraud. During the campaign, 2,669 food products were seized for being unsuitable for human consumption. The inspectors also closed down 20 stores and warehouses for multiple violations."...

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1,000 Saudis to get cyber security training abroad
June 21, 2018

As many as 1,000 young Saudis will take advantage of the King’s Foreign Scholarship Program with specialization in vital cyber security areas over a period of five years.

The National Cybersecurity Authority has signed cooperation agreement with the Ministry of Education in this regard, the Saudi Press Agency reported on Wednesday.

According to the deal, every year 200 Saudis will be sent abroad for pursuing cyber security related"...

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Saudi university launches survey into the effects of women driving
June 21, 2018

Researchers will observe and document the effects women driving in Saudi Arabia have on the economy, environment, community and traffic safety. It will also gather information about attitudes toward the change in the law, and the experience of women who get behind the wheel.
With the ban on women driving in the Kingdom due to be lifted on June 24, 2018, Imam Abdulrahman bin Faisal University in Dammam has launched a national study titled “The impact of"...

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