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In "BUSINESS"
March 29, 2018
Saudi Stock Exchange joins FTSE Global Equity Index Series
Jeddah — Saudi Arabia ranked 7th worldwide in the “efficiency of government spending” index, according to one of the sub-reports of the Global Competitiveness Report 2017-2018 issued by the World Economic Forum.Saudi Arabia preceded countries such as the Netherlands, Norway, the United Kingdom, Sweden, Japan, China, India, France, Russia and other advanced and major countries.Saudi Arabia advanced five positions between 2016 and 2017 (12th place), ranking seventh in 2018.The report covers the economies of 136 countries classified through 114 indicators listed in 12 main axes: infrastructure, education, health, innovative Labor market efficiency and others.Saudi Arabia’s rank among the top 10 countries in the “efficiency of government spending” index reflects the vision of the...
March 28, 2018
Saudi Arabia ranks 7th globally in govt spending efficiency: WEF
LAGOS, Nigeria — The Islamic Corporation for the Development of the Private sector (ICD) and Jaiz Bank, SunTrust Bank and Wema Bank signed a Line of Financing agreements for a $20 million, $10 million and $20 million respectively on Wednesday.
The $50 million Line of Financing facility will be extended by the above Nigerian banks to the SMEs covering various sectors such as industrial, communication, technology, health, manufacturing, agricultural sectors, etc.
On this occasion, ICD Management commented: “The small and medium sized enterprises (SMEs) have a crucial role to play in a country’s growth and development, and ICD has big plans for them. This is an important niche in all the member countries, especially in Africa. ICD is now focusing on increasing access to funding to the...
March 28, 2018
ICD, Nigerian banks sign Line of Financing agreements
March 28, 2018
Petronas, Aramco form two new joint ventures
RIYADH — Servcorp Limited, a pioneer and innovator in serviced offices, virtual offices and co-working environments, has announced that the company’s operations in Saudi Arabia’s major cities of Riyadh, Jeddah and Khobar are staffed by a majority female workforce. According to Servcorp’s most recent employment figures, 60% of its employees in the Kingdom are women, of which the majority are Saudi nationals.Currently the company employs three female floor managers, in addition to four team leaders, sales managers, and virtual office managers. Servcorp’s Al Murjanah space is operated by a team of five Saudi women, and four women run the Business Gate space in Riyadh.Ms. Mariam Mirza, Al murjanah floor manager at Servcorp in Jeddah, Saudi Arabia, commented: “By providing Saudi...
March 28, 2018
Servcorp leads on Saudi women economic empowerment
Saudi GazetteJEDDAH — Realizing the importance of women in Saudi Arabia in Switzerland’s tourism, Switzerland Tourism and seven female partners representing top Swiss hotels arrived here to present Switzerland’s beauty directly and exclusively to the ladies in Saudi Arabia.During their visit, the delegation which consists of representatives of Switzerland Tourism in Dubai and female partners from stunning destinations such as Crans-Montana, Bern, Lugano, Flims, Interlaken, and Zurich, met with several female VIPs and royals through a total of seven events and gatherings.Numerous experiences, attractions and fantastic hotels are presented to the exclusive guests throughout the events.In a press conference held on Tuesday here in Jeddah, Matthias Albrecht, director of Switzerland...
March 28, 2018
Switzerland promotes tourism exclusively to Saudi women
March 28, 2018
NCB, Sayidaty to launch a new award to support Saudi female businesses
March 28, 2018
Aramco announces commercial cooperation worth over $10bn
NEW YORK — Following a meeting between Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, and Michael R. Bloomberg, the Misk Foundation and Bloomberg LP, the global business and financial information leader, Tuesday announced several initiatives to enhance the financial and market capabilities in Saudi Arabia. These initiatives will advance Saudi Arabia's efforts to develop robust finance courses, attract foreign capital, and help Saudi companies compete internationally; key components of the Kingdom's Vision 2030 plan to establish a thriving economy.Bader Al Asaker, chairman of the Board of Misk Initiatives Center, said, “Crown Prince Muhammed Bin Salman founded Misk with a mission to empower young Saudis to become active participants in the knowledge...
March 28, 2018
Misk Foundation partners with Bloomberg to advance Vision 2030
March 28, 2018
Call to limit authorities in family businesses in order to grow
