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Team of women tourists visit NEOM for first time
October 21, 2019

TABUK — The NEOM region has received the first female tourist delegation, which consists of more than 20 women, who came from various regions of the Kingdom.

During the trip that started from Tabuk, tourists were introduced to the environmental and archaeological sites of NEOM in a 19-hour exciting journey.

The group passed through Al-Bida’a governorate and then went to Maghair Shuaib, through Markaz Mekhna and Ain Musa archaeological"...

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BICSI successfully concludes Tech Roadshow in Saudi Arabia
October 21, 2019

DUBAI — BICSI, the association advancing the information and communications technology (ICT) and extra low-voltage (ELV) communities, successfully concluded its Technical Roadshow across key cities in the Kingdom of Saudi Arabia.

The Saudi Tech Roadshow that was held in Jeddah, Riyadh and Al-Khobar on Oct. 13-17 attracted ICT/ELV professionals including architects, consultants and engineers to network and share experiences and expertise.
...

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Mobily revenues rise for eighth consecutive quarter to reach SR3.4bn
October 21, 2019

RIYADH — Mobily continued to grow its revenues for the eighth consecutive quarter to reach SR3.4 billion in Q3 2019, with a YoY growth of 14.4%. This is mainly attributed to the growth of subscribers’ base, the growth of revenues of business, and wholesale units and the growth of FTTH active base.

In addition, the company continued delivering positive net results for the fourth consecutive quarter, as Q3 2019 net result highlighted a YoY growth"...

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NDC at the heart of beauty & wellness in Saudi Arabia
October 21, 2019

RIYADH — Beauty has boomed in Saudi Arabia and right in the center of it all is National Distribution Company (NDC), a distribution business based in the heart of Riyadh in Saudi Arabia. The market experts in all things beauty and wellness distribute over 25 international brands across KSA to bring major beauty, color cosmetics, haircare, nailcare and personal care to beauty-lovers in the country.

By distributing to over 50 retailers all over KSA,"...

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Ownership, strategy can impact NOC ratings
October 21, 2019

JEDDAH — National oil companies (NOCs) have some of the world's strongest credit ratings, but politics and strategy mean they also appear across the credit spectrum. NOCs typically have a privileged position in terms of access to reserves, and the lifting costs for many are also among the lowest globally. Nevertheless, this doesn't necessarily translate into a strong financial or credit profile for every NOC, S&P

Global Ratings said over"...

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World’s lightest meringue shows Tanween’s sweet spot in Saudi Arabia
October 21, 2019

DHAHRAN: A multi-sensory experience featuring the world’s lightest meringue is being presented at the King Abdul Aziz Center for World Culture (Ithra) as part of Tanween, a season brimming with events and activities. Tanween is the biggest creative platform in the Kingdom with 232 cultural, artistic and scientific events ranging from art exhibitions, theatrical performances, workshops and seminars about the concept of playing as a tool that brings together education"...

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Aramco stock market launch ‘will depend on market conditions’
October 21, 2019

DUBAI — Saudi Aramco said Sunday the timing of its long-awaited stock market debut 'will depend on market conditions,' after the latest delay in the blockbuster initial public offering.

The IPO forms the cornerstone of a reform program conceived by Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, to wean the Saudi economy off its reliance on oil.

Aramco was expected to launch the first part of a two-stage"...

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Sudanese Minister of Energy and Mining meets with Saudi Ambassador
October 21, 2019

Sudanese Minister of Energy and Mining Adel Ali Ibrahim met with Saudi Ambassador to Sudan Ali bin Hassan Jafar. During the meeting, the Saudi Ambassador said that the Kingdom of Saudi Arabia works to increase the volume of cooperation with Sudan and seeks to invest in the field of energy and mining.

He handed over"...

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Pakistan International Airlines boosts flights to Saudi Arabia
October 21, 2019

Pakistan International Airlines will add an additional seven flights from Pakistan to Jeddah, bringing the total to 42 each week, according to local media reports.

According to the Pakistan-based 'The Nation' newspaper, PIA will begin two weekly flights between the city of Quetta and Jeddah, in addition to two flights per week from Multan to both Riyadh and Dubai.

In"...

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Saudi Arabia signs $3bn power deal in Bangladesh
October 21, 2019

Saudi Aramco and ACWA Power have signed a $3 billion deal to set up a 3,600MW LNG-based power plant in Bangladesh.

The memorandum of understanding (MoU) was inked with Bangladesh Power Development Board (BPDB), which will also see a 2MW power plant being established.

It was revealed that $2.5bn will be invested for"...

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