With deals worth $100 bln, Mohammed bin Salman means business in UK

Wednesday, 7 March 2018

The whole of London welcomed Saudi Crown Prince Mohammed bin Salman to Britain, where the city took up billboards that celebrate his efforts to bring about radical changes in Saudi Arabia -open it to the world, as well as his efforts to empower Saudi women. The British Prime Minister Theresa May also confirmed that Gulf security ensures the security of Britain and the prosperity of the Gulf means Britain's prosperity. The UK media chose to use “MBS means business” to highlight the ...

France’s Macron mingles with fashion royalty in bid to woo designers

Tuesday, 6 March 2018

Nowhere is fashion a bigger business than in France - and President Emmanuel Macron intends to keep it that way.Designers from France’s Jean Paul Gaultier to Lebanon’s Elie Saab descended on the Elysee Palace for dinner on Monday, as Macron sought to further boost one of the country’s most profitable sectors with an appeal to brands from far and wide.The gala, coinciding with Paris Fashion Week, was the latest effort by 40-year-old Macron, who came to power last May, to try and ...

VIDEO: Bed-ridden Pakistani boy runs family food business

Tuesday, 20 February 2018

Abdul Moeed is a miracle boy in more ways than one. He was diagnosed with a muscular dystrophy disease that results in increasing weakening and breakdown of skeletal muscles over time. Abdul Moeed was eventually unable to walk by age 7 and by age 10 he started using a wheel chair. Growing up, he excelled in his studies and completed intermediate from university. In 2010 Abdul Moeed had a major breakdown which got him on ventilator throughout day and night. Food delivery service Years of ...

Donald Trump Jr. arrives in India to help sell apartments

Tuesday, 20 February 2018

The eldest son of President Donald Trump has arrived in India to help sell luxury apartments and lavish attention on wealthy Indians who have already bought units in Trump-branded developments.Donald Trump Jr. posed for photos Tuesday morning with Indian developers, who are building the complexes in four cities. Later in the week, he is scheduled to make a speech about Indo-Pacific relations at a New Delhi business summit, sharing the stage with Prime Minister Narendra Modi.The Trump ...

Report: Saudi Arabia’s cabinet approves bankruptcy law

Sunday, 18 February 2018

Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors. Modern bankruptcy legislation does not currently exist in Saudi Arabia, creating difficulties for struggling companies seeking to restructure debt with creditors since the 2009 global financial crisis and, more recently, the dip in oil prices. The kingdom is embarking on an intensive drive ...

Japan economy grows for 8th straight quarter, longest since 1980s

Wednesday, 14 February 2018

Japan's economy grew for the eighth straight quarter at the end of 2017, government data showed Wednesday, the longest period of expansion since the boom days of the late 1980s.Gross domestic product in the fourth quarter of last year rose 0.1 percent from the previous three months, the Cabinet Office said.But the growth fell short of market expectations for a rise of 0.2 percent and represented a slowdown from the 0.6 percent in the preceding July-September quarter.At an annualized rate, the ...

Saudi orders inventory of delayed payments to private sector

Tuesday, 13 February 2018

Saudi Arabia has ordered an inventory of all delayed payments to the private sector, state news agency SPA said on Monday, citing a royal decree.The decree urged a quick resolution of outstanding payments.It will also establish a committee headed by the trade and investment minister in charge of gathering data on payment delays to private sector contractors.The committee will look into reasons for the delays and come up with solutions for speedy repayment.

Russia, Saudi Arabia to discuss joint energy projects - Moscow

Monday, 22 January 2018

Russia and Saudi Arabia at a meeting due in February will discuss implementation of joint energy projects, Russia’s Energy Minister Alexander Novak told the Rossiya 24 TV channel on Sunday. Russian TASS news agency quoted the minister as saying "Russia and Saudi Arabia have a roadmap on implementation of about 30 projects." OPEC+ ministers have a meeting in Oman on Sunday to discuss the deal’s implementation under condition of growing oil prices. Earlier Novak told ...

Saudi-Japan business forum kickstarts in Riyadh

Sunday, 14 January 2018

A trade delegation of 60 Japanese companies led by the Japanese Minister of Economy, Trade and Industry, Hiroshige Seko, will attend the Saudi Arabia-Japan Business Forum on Sunday in Riyadh, under the co-chairmanship of Saudi Commerce and Investment Minister, Majid Al-Qasabi. The forum, held at the al-Faisaliah Hotel in Riyadh, will also be attended by the governor of Saudi Arabian General Investment Authority (SAGIA) Eng. Ibrahim bin Abdul Rahman Al Omar, along with other leaders of the ...

Saudi unemployment rate falls 5.8 percent in Q3 of 2017

Tuesday, 2 January 2018

RIYADH – The overall unemployment rate has fallen 5.8 percent in the Kingdom in the third quarter of 2017 compared with the second quarter, according to a report of the General Authority of Statistics. Saudi Arabia stands 12th among G20 nations in terms of the average fall in the rate of unemployment during the third quarter. The report indicates that the unemployment rate among Saudis showed signs of stability at 12.8 percent despite an increase in the number of new jobseekers. The ...

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