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FINANCE & ECONOMY

Saudi Exports Muddy The Waters
February 18, 2018

Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market than exit early from cuts (channeling Neil Young's 'it's better to burn out than fade away').

Al-Falih"...

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Saudis weigh sole listing of Saudi Aramco shares on Riyadh stock exchange
February 18, 2018

As rumours emerge over Riyadh’s process of choosing one or more foreign bourses for the listing of shares in the impending initial public offering (IPO) of state oil giant Saudi Aramco, the role of the Saudi stock exchange — Tadawul — in the limited sale is increasingly in the spotlight.

The Saudi exchange has been preparing for its part in the IPO and its officials have"...

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RCCI drive to help employ young Saudis in 12 sectors
February 18, 2018

The Riyadh Chamber of Commerce and Industry (RCCI) is preparing to launch a major campaign aimed at training and qualifying young Saudis of both sexes to work in jobs announced by the Ministry of Labor where there is a shortage of Saudis, Al-Watan newspaper reported.

These include 12 business sectors to be localized starting from next Muharram in accordance with the decision of the Minister of Labor and Social Development Ali Al-Ghafis.

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17 university hospitals to be privatized
February 18, 2018

Tatweer Holding Company, which comes under the Ministry of Education, is working to privatize 17 university hospitals, Al-Madina newspaper reported on Saturday.

They are trying to develop an operational model to involve the private sector to be a partner in these hospitals.

Studies are in progress to amend the regulations of these university hospitals to involve the private sector.

The privatization of government hospitals is"...

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Construction commences on Maldives mosque donated by Kingdom
February 18, 2018

The construction of the $24.95 million ($6.65 million) King Salman Abdul Aziz Mosque, which is a donation from Saudi Arabia, started in the Maldives on Thursday, according to Maldives Ambassador to the Kingdom Abdullah Hameed.
Hameed said that Minister of Housing and Infrastructure of Maldives Dr. Mohamed Muizz announced on his Twitter account that the mosque “is a symbol of the strong relations between the two countries.”
“When it’s"...

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Saudi women don’t need male permission to start businesses
February 18, 2018

Saudi women do not need the permission of a male guardian to start their own business, according to the Ministry of Commerce and Investment.
“No need for a guardian’s permission. Saudi women are free to start their own business freely,” ministry spokesperson Abdul Rahman Al-Hussein tweeted on Thursday using an Arabic hashtag that translates as #No_Need.
The #No_Need campaign is an initiative of Taysir, which aims to streamline the necessary"...

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General Cable Corporation Stockholders Approve Acquisition By Prysmian Group
February 18, 2018

(AETOS Wire) -- General Cable Corporation (NYSE: BGC) today announced the voting results from the Company’s special meeting of stockholders held this morning. Stockholders of General Cable approved the Company’s previously announced acquisition by Prysmian Group (BIT: PRY) for $30.00 per share in cash.

A total of 38,140,754 shares, representing"...

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World Expo Is An Exciting Opportunity For The UAE Event Industry
February 18, 2018

The Dubai event industry is not only growing at an incredibly fast rate but the scale of events that have been put together successfully has left the world stunned. The event industry covers all aspects from construction to hospitality to marketing and project management and all of these will be coming together for the biggest event to date in the history of Dubai, The World Expo 2020.

“With"...

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No Bird Flu H5N8 Case Reported, in Saudi Arabia -Environment Daily Briefing Announces
February 17, 2018

The daily briefing of the Ministry of Environment, Water and Agriculture on avian influenza H5NB, announced that
there was no infection reported, throughout the Kingdom, during the past 24 hours.
The ministry indicated that the number of samples collected since the beginning of the spread stood at 7992, from all regions of the Kingdom.
The results are 130 positive cases with elimination of 5404 birds, during the past 24 hours.
The Ministry"...

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Pakistan Under Scrutiny for Planned Troop Deployment in Saudi Arabia
February 17, 2018

Pakistan's decision to deploy troops to Saudi Arabia has sparked domestic criticism the country is taking sides in the Yemeni conflict in violation of a parliamentary resolution, and it's a move some say likely will upset neighboring Iran.

The Pakistani military announced Thursday it was sending a 'contingent' of troops 'on a training and advice mission' to Saudi"...

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