RIYADH: Saudi exports are expected to gain momentum with a 12 percent increase in certificates of origin issued in October, indicating that more businesses will now contribute to international trade. According to the Ministry of Industry and Mineral Resources, it processed 38,988 certificates of origin in October compared to 34,745 recorded in September. The CO certifies that the products exported abroad …
Read More »
MAKKAH: The Ministry of Justice’s recent announcement licensing 15 foreign law firms and reviewing 15 other applications for practicing law in the Kingdom has paved the way for a broad legal practice to ensure justice and uphold high standards. The decisions follow an influx of international companies seeking to establish their headquarters in Saudi Arabia. The ministry explained that licenses …
Read More »
RIYADH: The 7th edition of the Future Investment Initiative summit is set to unite 5,000 delegates and offer insights from 500 distinguished speakers across a spectrum of critical sectors. To be held under the theme “The New Compass,” the event will be held in Riyadh from Oct. 24 to Oct. 26. The FII Institute is a worldwide nonprofit organization with …
Read More »
Tunisia reached a preliminary deal with the International Monetary Fund a year ago on a $1.9 billion loan program, but 12 months later it has yet to receive any money and seems unwilling to implement the reforms needed to do so. While analysts say the North African nation can manage without IMF support in the short-term, they are much less …
Read More »
Egypt’s real estate developers consider expansion in foreign markets, especially Saudi Arabia, in search of investment and profit opportunities in light of unstable economic conditions that the Egyptian economy suffers from. Some major real estate companies expressed their interest in investing in the Saudi real estate market, in conjunction with the investment boom taking place in Saudi Arabia and the …
Read More »
PIF creates Al Balad Development Co. to boost historic Jeddah area RIYADH: The Public Investment Fund has established a new company to develop the historic Jeddah district of Al Balad into a global tourist destination. Al Balad Development Co. will work to improve the infrastructure of the region, supervise the restoration of historical buildings in the area, and develop service …
Read More »
RIYADH: Real estate has been considered one of the safest bets for investors globally and thanks to the Public Investment Fund, Saudi Arabia is now able to offer a sizable portfolio to the world. The opportunities are amplified by real demand in a swiftly expanding market that is providing some of the best returns on investments in the region and …
Read More »
WASHINGTON: President Joe Biden gathered other world powers Tuesday to coordinate on Ukraine as it battles Russia in a war now almost 20 months long — a deliberate show of US support at a time when the future of its aid is entangled with a volatile faction of House Republicans who want to cut off money to Kyiv. The phone …
Read More »
glitzo Shine Bright with Glitzo