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Pakistan to send troops to Saudi Arabia on 'training and advice mission'
February 18, 2018

Thousands of Pakistani troops will be deployed to Saudi Arabia to help train and advise the kingdom's military, but the decision has led to a backlash at home with many fearing 'mission creep'.

Islamabad did not clarify the number of troops who will be sent to the Gulf state, but the 'contingent'"...

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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').

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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 suggested"...

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Address details now a must for bank accounts
February 18, 2018

Banks have been reportedly asking customers to furnish address details in compliance with the Saudi Arabian Monetary Authority’s (SAMA) directive to implement the National Address System.

The National Address System is a unified address data storage through the Geographic Information System (GIS).

The Kingdom introduced this system for the first time in the Arab world. It is considered a great leap in fast delivery of services with effective"...

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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.

Chairman"...

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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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Cancel expat levy, JCCI tells ministry
February 18, 2018

The Jeddah Chamber of Commerce and Industry (JCCI) has asked the Ministry of Labor and Social Development (MLSD) to cancel expat levy for firms which have equal number of Saudis and expat workers.

This is part of seven recommendations sent by the JCCI to the ministry in a report.

It said that expat levy should not be collected for the remaining work permit period after an expat has been sent on an exit visa.

The report said that"...

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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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Emirates Hospital Honours ‘Year of Zayed’
February 18, 2018

In honour of the UAE’s ‘Year of Zayed’, Emirates Hospital in Jumeirah unveiled a large-scale poster of Sheikh Zayed bin Sultan Al Nahyan on the façade of the building. The initiative aims to pay tribute to Sheikh Zayed’s inspirational and honourable virtues that have set the precedence for the UAE to gain a reputation as global leader of humanitarian values.

“Sheikh"...

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