Tag: Business

KSA’S NON-OIL EXPORTS INCREASE 31% IN SECOND QUARTER

In the second quarter of 2022, Saudi Arabia’s non-oil exports, including re-exports, increased by 31% annually to 86.2 billion Saudi Riyals ($23 billion), as the country progressed towards diversifying
pangea

SAUDI ARABIA INVITES SUBMISSIONS FOR VENICE BIENNALE 2023

The 18th International Architecture Exhibition of the Venice Biennale will feature the participation of Saudi Arabia’s Architecture and Design Commission. According to the commission’s chairwoman, Sumayah Al Solaiman, the biennale
pangea

THE RUA AL MADINAH PROJECT NEAR THE HOLY PROPHET’S MOSQUE

Saudi Arabia’s Crown Prince Mohammed bin Salman on Wednesday revealed a master plan for the Rua Al Madinah project on a site to the east of the Prophet’s Mosque.
pangea

REVISED REGULATORY SANDBOX FRAMEWORK TO BOOST FINTECH INVESTMENTS

The Saudi Central Bank has recently announced to revise the Framework of its Regulatory Sandbox. This action was taken as part of SCB’s efforts to advance the Regulatory Sandbox’s
pangea

SAUDI GASCO SIGNS MOU WITH ABURI COMPOSITES

As reported in a stock exchange release, Saudi Arabia’s National Gas and Industrialization Company (GASCO) has signed a non-binding Memorandum of Understanding (MoU) with Front End Company and Aburi
pangea

SAUDI ARAMCO IS SET TO IMPLEMENT CARBON STORAGE AND UTILIZATION

With global populace estimate to grow over two billion in the next 25 years, higher levels of energy will be needed to meet rising consumer demands. With the horrid
pangea

244% JUMP IN VENTURE CAPITAL FUNDING MAKES KSA A BREEDING GROUND FOR START UPS

As per the Venture Capital Report released by Magnitt’s and Saudi Venture Capital, Saudi Arabia recorded its venture capital funding at $ 584 million in the first half of
pangea

LABOR COURT ASKS EMPLOYER TO GIVE ESB DUE SALARIES TO DISMISSED WORKER

The labor court of KSA presided over a legal session regarding claims of unjust dismissal of the petitioner by his employer and ruled out the employing company is indeed
pangea

PENALTY FOR NON-DISCLOSURE OF 60,000 SAR OR MORE WHILE TRAVELING

Asem Al-Issa, a finance lawyer, while in conversation with the Al-Ikhbariya Channel stated that it is mandatory for travelers to disclose the amounts in their possession while travelling. This
pangea

MISA INKS $ 925 MILLION DOLLARS FROM 49 DEALS

Ministry of Investment Saudi Arabia has recently closed 49 crucial investment deals worth more than $925 million, pivoting the needle of its National Investment Strategy towards a green. In
pangea