Track hurricanes, tropical storms, severe weather, wildfire smoke and more. Weve now announced, in my division, five markets where weve launched recycled PET. WebBook Dubai (DXB) to Tbilisi (TBS) flights from AED 1,070. Saudi Arabia on Wednesday announced a larger-than-expected budget surplus of SR102 billion ($27.13 billion) for 2022 SR12 billion higher than previously forecast. The two-day event that began on Dec. 11 was attended byas many as 30 officials from the government and private speakerstodiscussthe impact of government services on citizens and the private sectorbesidesaddressingthe plans and future projects of the entities present. However, the town has neither hotels nor international schools, and locals and expatriates seeking foreign education for their children had to send them to international schools in the main city center, Yanbu Al Bahr, or in the Royal Commission. RIYADH:The private sector is considered a key driver in boosting Saudi Arabiasgross domestic productand helpingit become a productive economy,saidSaudiFinance Minister MohammedAljadaanduring the2023 Budget Forumorganizedto reviewthe performance of the government for the year 2022. Yanbu has an international airport (code YNB) that was upgraded in 2009. May 16,7 C. The Kingdom also upwardly revised the growth of its gross domestic product to 8.5 percent for 2022, compared with the 7.5 percent estimated in December 2021 and the 8 percent forecast in the pre-Budget statement published at the end of September. The companys upstream activities are concentrated in the southern desert areas and in the Mediterranean offshore, through the Global Gas & LNG Portfolio for the management of the Transmed gas pipeline, which connects Algeria to Italy through Tunisia. [5] It remained a small port town until 1975, when the Saudi government designated it as one of the country's two new industrial centers (the other being Al Jubayl on the Persian Gulf). On a private sector account of sustainable tourism, John Pagano, the CEO of the Saudi based Red Sea Global, discussed the efforts taken by RSG towards sustainable and regenerative tourism. The report further noted that dedicated policies to invest in emerging technologies have also triggered innovation and job creation in the SME sector. Damac Properties has announced the launch of Cavalli Couture, a $90 million ultra-luxury branded residence on the banks of Dubai Water Canal. Jarir Bookstore had also opened a branch in Yanbu Al-Balad. Arabian Homes also have a gated private residential community compound catering to the expat population, and is located next to the Holiday Inn. Saudi British Bank on Sunday announced the repurchase of up to 1 million ordinary shares to be allocated for the long-term employee stock incentive plan. Its known for its dates festival which is the biggest in the world with various types of dates. For other uses, see, Mubarakpuri, The Sealed Nectar (Free Version), p. 128. Caldern also talked up the importance of tourism in helping the economies of developing countries. Saudi Crown Prince Mohammed bin Salman recently announced the Kingdoms ambition to see 30 competitive games developed by firms in the Kingdom by 2030 as part of the countrys national gaming and esports strategy. The company last Thursday signed a series of agreements with nine Chinese entities, laying the ground for financing and constructing its renewable energy projects in Saudi Arabia and Belt and Road Initiative countries. The Radwah Mountain is very visible anywhere in the town. Gulf Engineering & Consultants is working as the consultant on the project. He said that tourism, food, and beverages,privatization, and SMEs are the next group of sectors that will require some sort of collaboration between the private and public sectors. WebBuraidah (Arabic: Buraydah) is the capital and largest city of Al-Qassim Region in north-central Saudi Arabia in the heart of the Arabian Peninsula.Buraydah lies equidistant from the Red Sea to the west and Persian Gulf to the east. WebDecember 8,3 C. Some of the key participants includedMartin Avetisyan, chief growth officer,Farfetch; Samuel Cardillo, head of technology at Nike (RTFKT);Rio Ferdinand, broadcaster and former professional footballer;Fernando Garibay,musicproducer;andAlexander Heller,founder & CEO,HyperSpace. The public finances are somewhat independent, but as oil prices fluctuate, we try to keep them stable by controlling spending,theministeradded. Attempted Arson Lincoln, California (One act of Domestic Terrorism) On December 27, 2004, four incendiary devices were placed in two homes under construction in Lincoln, California. He said that tourism, food, and beverages,privatization, and SMEs are the next group of sectors that will require some sort of collaboration between the private and public sectors. WebBook Dubai (DXB) to Tbilisi (TBS) flights from AED 1,070. The report further noted that dedicated policies to invest in emerging technologies have also triggered innovation and job creation in the SME sector. Saudi British Bank on Sunday announced the repurchase of up to 1 million ordinary shares to be allocated for the long-term employee stock incentive plan. Some of the key participants includedMartin Avetisyan, chief growth officer,Farfetch; Samuel Cardillo, head of technology at Nike (RTFKT);Rio Ferdinand, broadcaster and former professional footballer;Fernando Garibay,musicproducer;andAlexander Heller,founder & CEO,HyperSpace. On the announcements front, Saudi National Bank declared the completion of capital hike procedures with Credit Suisse Group. Three major oil pipelines lead across the desert from the oilfields in the east to terminate at the Red Sea in Yanbu. ACWA Power Chairman MohammadAbunayyanwho also participated in the forum revealed that the Kingdom has the cheapest renewable energies in the world. Launched in March 2022,Catalyze Saudi is an engagement platform to encouragetheexploration of opportunities within the VC and PE ecosystem in Saudi Arabia. February 6,1 C. Klaus Mueller, the head of the Federal Network Agency, on Twitter hailed the double success for Germanys energy security. New Italian-built power plant opens in Tunisia, Closing Bell: TASI plunges 108 points as capital goods index plummets by 4%, SaudiFinanceMinistrycalls for greaterprivate participation as itreviews2023budget, UAE In-Focus DEWA completes 93% of 4th phase of H-Station in Al Aweer; Etihad to reintroduce 4 A380s, Ministry Of Investment holds Catalyze Saudi event to boost SME funding, Beijing no longer requires COVID test results to enter supermarkets, buildings, Chinese cities relax testing rules as zero COVID-19 policy eases, Beijing, Shenzhen scrap COVID-19 tests for public transport, Artists bring regions rich history to life at Misk Art Week, US forces kill two Daesh officials in Syria raid, Gifted young Saudis key focus of 2nd Mawhiba global conference, Award-winning designer Zac Posen presents fashion masterclass in Riyadh, Makkah Clock Royal Tower to launch childrens nursery in Ramadan, Egyptian envoy highlights importance of attracting more Russian tourists to Egypt, Japanese companys lander rockets toward moon with UAE rover, Lebanese religious leader slams MPs for failing nations people, world, PepsiCo partners with PSU to educate youth on sustainability, PepsiCo partners with Saudi Irrigation Organization to enhance water sustainability, Italy to become energy hub of Europe under EU-Tunisian power line plans, Italy to help set up bio territories in Tunisia, PIFs National Water Co. launches $23m environmental project in Qassim, Oil Updates Crude prices down; OPEC+ plays crucial role in supporting market stability, Saudi governorshailKingdoms surplusbudgetas it set topropeleconomicgrowth, Budget 2023: Saudi Arabia exceeds surplus estimate and revises up GDP forecast, UAE In-Focus Global trade surges 19% in first 9 months of 2022, AI and digital economy development key part of Saudi-China partnership plan, SMEs in KSA jump 9.3% in Q3 driven by healthy entrepreneurial ecosystem, Driven by strong incubation programs, Saudi gaming startups double in 2022, Russia sought to swap ex-US Marine for assassin held in Germany, Delta Hotels by Marriott debuts 100th property in Dubai, A political compromise offers renewed promise of realizing Sudanese aspirations, How a British explorers search for an ancient lost Arabian city uncovered a traveler from the stars instead, China and GCC natural partners for cooperation, Chinese President Xi Jinping tells Riyadh summit, The US multinational aims to become net zero and net water-positive by 2040, Photovoltaic plant in Tataouine will generate 20 GWh of energy per year, Comes after EU green light on 200 km underwater power line connecting Italy and Tunisia. ACWA Power Chairman MohammadAbunayyanwho also participated in the forum revealed that the Kingdom has the cheapest renewable energies in the world. Mohammed Ali Al-Shorafa, chairman of Etihad Aviation Group, said, It is wonderful to announce the return of this splendid aircraft. The company will be doling out SR118.13 million on Dec. 29. The second phase is made up of gardens, marina and a number of islands. December 27, 2004. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. The rest of the residents of Yanbu Al-Sina'iya tend to be upper-middle and upper-class Saudi citizens, upper-class Asians, and upper-class Arab and Middle Eastern residents. This is amuch-needed platform considering thatthenumber of small and medium enterprises registered in Saudi Arabiawasclose to a million by the end of the third quarter of 2022. January 6,1 C. RIYADH:In a move to bridge the financing gap in the small and medium enterprises sector,Saudi Arabias National Development Fund has announced thestartof operations at the Small and Medium Enterprises Bank. Saudi Crown Prince Mohammed bin Salman recently announced the Kingdoms ambition to see 30 competitive games developed by firms in the Kingdom by 2030 as part of the countrys national gaming and esports strategy. The index declined 12 percent over the last month since Nov.10, when it ended at 5,967.17. The project is expected to be operational in the first quarter of 2023. Expressing his views on the general budget, the Saudi National Bank Chairman AmmarAlkhudairysaid there are several things that reflect positively on the citizens and economic system in the Kingdom including the fact that jobs have been created as well as small and medium enterprises growing by 10 percent. Were aiming to expand that to 10 markets by the end of the first quarter of next year, Willemsen said. The three-day event, which began on Dec. 9 inAlUlaand culminated in Riyadh, is powered bythe Ministry of Investment of Saudi Arabiaand Jada Fund of Funds. According toMonshaat, policy changesthathave been implemented in the Kingdom since 2016 are one of the reasons behind the surge in the number of SMEs. Yanbu Cement Co., however, brought some cheer to its shareholders as it declared a 7.5 percent cash dividend, at SR0.75 per share, for the second half of 2022. Helles, at the foot of the peninsula, was the main landing area.With gunfire support from the Royal Navy, the 29th Division was to It has been called the city of Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. The report further noted that dedicated policies to invest in emerging technologies have also triggered innovation and job creation in the SME sector. In a statement to Tadawul, it said the bank would finance the repurchase from its internal resources. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. WebTransfer your pension and claim up to 1,000 in cashback.. Plus, new ii customers pay no Pension Builder subscription fee for their first 6 months if they open a SIPP account before 31 December 2022. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. Yanbu's history dates back at least 2,500years, when it was a staging point on the spice and incense route from Yemen to Egypt and the Mediterranean region. June 21,1 C. September 20 C. Opportunities in the entertainment sector are ample, with Saudi Arabia recently announcing its intentions to become a global hub for gaming and esports. In the second phase, the ministry seeks to increase the ratio to 40 percent as of March 24, 2023. According toMonshaat, policy changesthathave been implemented in the Kingdom since 2016 are one of the reasons behind the surge in the number of SMEs. RIYADH:The private sector is considered a key driver in boosting Saudi Arabiasgross domestic productand helpingit become a productive economy,saidSaudiFinance Minister MohammedAljadaanduring the2023 Budget Forumorganizedto reviewthe performance of the government for the year 2022. April 12,2 C. We work with about 100,000 farmers across the world, and we use about seven million acres of agricultural land. The second day of the forumwill witness the holding of five dialogue sessionsrevolving aroundthe national industry and its role in facing risks,business facilitation and its role in the economy,the impact of tourism and culture on economic development,and the impact of the budget on empowering women. TheMonshaatreport pointed out that venture capital funding in Saudi Arabia in the first nine months of 2022 witnessed a 93 percent year-on-year increasetotalingSR3.1 billion ($820 million). With regard to families most in need of housing,the ministersaid theywere able to pump more than 30,000 housing units, andwe will continue with this approach until we reach 70,000 housing units this year and next.. Find information on one-way, return, direct flights fares & cheapest month to fly from Dubai (DXB) to Tbilisi (TBS) Meanwhile, he revealed that the government's non-oil revenues covered 40 percent ofitsspending by the end of 2021, after covering only 10 percent previously. The Kingdom also upwardly revised the growth of its gross domestic product to 8.5 percent for 2022, compared with the 7.5 percent estimated in December 2021 and the 8 percent forecast in the pre-Budget statement published at the end of September. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. WebJazan (Arabic: , romanized: Jzn), also spelled Jizan (Arabic: , romanized: Jzn), Gizan or Gazan, is a port city and the capital of Jizan Region, which lies in the southwest corner of Saudi Arabia and directly north of the border with Yemen.. Jazan has one of the largest mega projects market in the kingdom with significant infrastructure projects worth Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. Find information on one-way, return, direct flights fares & cheapest month to fly from Dubai (DXB) to Tbilisi (TBS) It will supply the Tunisian national electricity grid with over 20 GWh of energy per year by ensuring savings of around 211,000 tons of CO2 over the life of the plant. While 60 percent of the Kingdoms population is under the age of 30,he pointed out that41 percent are under the age of 25, which is an opportunity to create productive elements. Saudi Minister of Economy and Planning FaisalAlibrahimagreed thatthe private sector has a vital role to playin the long run, considering that its a chief propeller of the Kingdoms economic development. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. The advance-decline ratio of the benchmark index also took a huge hit, with 183 stocks of the listed 219 dropping while 27 gained. SNB shares closed 2.03 percent higher to SR47.85. Average monthly precipitation over the year (rainfall, snow) 3. In October, the Saudi Arabian Oil Co, also known as Aramco, announced the launch of theTaleedProgram, which aims to maintain and further grow the SME sector, AlSaadiadded. Key testing and commissioning operations have started in the fourth quarter of 2022. The city is divided into three primary sections, which are located about fifteenminutes (drive by car) away from each other. The report further noted that dedicated policies to invest in emerging technologies have also triggered innovation and job creation in the SME sector. The plant, installed by the Italian energy company Eni in the city of Tataouine, will contribute to the countrys decarbonisation process. The advance-decline ratio of the benchmark index also took a huge hit, with 183 stocks of the listed 219 dropping while 27 gained. Mohammed Ali Al-Shorafa, chairman of Etihad Aviation Group, said, It is wonderful to announce the return of this splendid aircraft. Located in Jumeirah 2, the development will be a low-rise 14-storey building overlooking Safa Park. A report released by the General Authority for Small and Medium Enterprises, known asMonshaat, showed the number of firms reached 978,445 in the three months to the end of September, up from 892,063 in the second quarter. According toMonshaat, policy changesthathave been implemented in the Kingdom since 2016 are one of the reasons behind the surge in the number of SMEs. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. The public finances are somewhat independent, but as oil prices fluctuate, we try to keep them stable by controlling spending,theministeradded. The three-day event, which began on Dec. 9 inAlUlaand culminated in Riyadh, is powered bythe Ministry of Investment of Saudi Arabiaand Jada Fund of Funds. So, theyre looking for the maximum disruption in order to be paid, the general manager said. It will supply the Tunisian national electricity grid with over 20 GWh of energy per year by ensuring savings of around 211,000 tons of CO2 over the life of the plant. The total trading turnover was SR3.05 billion. The total trading turnover was SR3.05 billion. The plant, installed by the Italian energy company Eni in the city of Tataouine, will contribute to the countrys decarbonisation process. He added thatnext year they will increase to 1 percent. TheMonshaatreport pointed out that venture capital funding in Saudi Arabia in the first nine months of 2022 witnessed a 93 percent year-on-year increasetotalingSR3.1 billion ($820 million). Meanwhile, he revealed that the government's non-oil revenues covered 40 percent ofitsspending by the end of 2021, after covering only 10 percent previously. This comes asSaudi Arabias bumper budget surplus received thumbs up from the Kingdoms governors as they term it a reflection of the strength and durability of the economy that will go long way to improve the lives of its citizens. Yanbu Al-Sina'iya (literally "the industrial Yanbu") is the industrial city, established in 1975 by royal decree to create a Royal Commission to manage the effort to build a new modern city. Average minimum and maximum temperature over the year 2. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. The companys upstream activities are concentrated in the southern desert areas and in the Mediterranean offshore, through the Global Gas & LNG Portfolio for the management of the Transmed gas pipeline, which connects Algeria to Italy through Tunisia. This phase will increase Al Aweer Power Station Complex's total capacity to 2,825 MW under climate conditions of 50 degrees Celsius and 30 percent relative humidity. Arab News. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. Each selected city will show you the following graphs: 1. The first day of the forum comprised six sessions covering themes on financial sustainability and drivers of economic growth, sustainable energy,basic services in light of the national transformation,andthe role of infrastructure and logistics services in supportingeconomic development. The company will be doling out SR118.13 million on Dec. 29. With regard to families most in need of housing,the ministersaid theywere able to pump more than 30,000 housing units, andwe will continue with this approach until we reach 70,000 housing units this year and next.. Etihad is currently preparing the aircraft to fly again, and part of this preparation includes the recruitment and training of A380 teams, including pilots, cabin crew and technical ground staff. This is amuch-needed platform considering thatthenumber of small and medium enterprises registered in Saudi Arabiawasclose to a million by the end of the third quarter of 2022. Besides the real estate investment trusts, the utilities also bucked the trend. This comes as industrial SMEs in Saudi Arabia are urged to transform into resilient and technologically savvy operations in order to go global and be able to compete internationally, according to a report by the multinational professional services network KPMG. RIYADH: The second edition of the Catalyze Saudi event saw entrepreneursand investorsfrom around the world gatheringtoexplore venture capital, private equity and other investment partnership opportunities in the Kingdom. The plant is a hybrid generation system, one of the most innovative and efficient in the world. In Tunisia, Eni also operates the Adam photovoltaic field, with a peak capacity of 5 MW. Currently (July 2018), most of the residents are local tribes, mostly from Johainah (Aljohani), Harb (Alharbi), and few from Ashraf. Expressing his views on the general budget, the Saudi National Bank Chairman AmmarAlkhudairysaid there are several things that reflect positively on the citizens and economic system in the Kingdom including the fact that jobs have been created as well as small and medium enterprises growing by 10 percent. He appointed Abu Salamah Ibn Abd al-Assad to take his place in Medina while he was away commanding another raid. It is the country's second port (after Jeddah) and serves as the main port for the holy city of Medina, 160km (99mi) to the east. To deal with unpatched vulnerabilities, companies should patch their software and hardware to keep them up to date, she added. Average minimum and maximum temperature over the year 2. January 6,1 C. In a statement to Tadawul, the Saudi bank said that as of Dec.9, it held 9.88 percent of the Swiss banks shares. WebDecember 8,3 C. Mohammed Ali Al-Shorafa, chairman of Etihad Aviation Group, said, It is wonderful to announce the return of this splendid aircraft. Saudi-based Power and Water Utility Company for Jubail and Yanbu is pushing ahead with plans to list its shares on the Tadawul stock exchange amid continued initial public offering momentum in the region's equity markets.. He noted that the projects work is progressing according to schedule, while maintaining the highest levels of health, safety, quality, and efficiency. June 21,1 C. Etihad Airways has announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airlines network and customer feedback. It will supply the Tunisian national electricity grid with over 20 GWh of energy per year by ensuring savings of around 211,000 tons of CO2 over the life of the plant. Meanwhile, Finance Minister Muhammad Al-Jadaan issued a ministerial decision amending the terms of consulting services and obligating consulting companies to ensure the percentage of localization. The index declined 12 percent over the last month since Nov.10, when it ended at 5,967.17. The company last Thursday signed a series of agreements with nine Chinese entities, laying the ground for financing and constructing its renewable energy projects in Saudi Arabia and Belt and Road Initiative countries. We are one of the largest companies when it comes to sourcing crops, he said. WebThe airport is named for King Fahd (r. 19822005), under whose reign it was constructed and inaugurated.Design of the airport building began in 1976. RIYADH: Saudi Arabias Ministry of Human Resources and Social Development on Tuesday issued a decision to localize 35 percent of consultancy professions and businesses effective as of April 6, 2023. However, the parallel market Nomu on Sunday declined 232 points to stop at 18,534.86. In November, Saudi Arabias cabinet approved the Small and Medium Enterprises Bank System, according to the Saudi Press Agency. WebNajran (Arabic: Najrn), is a city in southwestern Saudi Arabia near the border with Yemen.It is the capital of Najran Province.Designated as a new town, Najran is one of the fastest-growing cities in the kingdom; its population has risen from 47,500 in 1974 and 90,983 in 1992 to 246,880 in 2004 and 505,652 in 2017.The population mostly originates In a statement to Tadawul, it said the bank would finance the repurchase from its internal resources. Yanbu has a hot desert climate (Kppen climate classification BWh) with very hot summer like weather year round. This phase will increase Al Aweer Power Station Complex's total capacity to 2,825 MW under climate conditions of 50 degrees Celsius and 30 percent relative humidity. Saeed Mohammed Al-Tayer, managing director and CEO of DEWA, said that this project is one of DEWAs key projects to meet the reserve margin criterion set for peak electricity demand in Dubai. We moved from the Fiscal Balance Program to the Fiscal Sustainability Program,Aljadaanemphasized. It also touched upon issues relating tothe impact of enabling investment on economic growth,andstrengthening thetechnologysector to enable the digital economy. Eni has been present in Tunisia since 1961. Talking about the Kingdom's housing sector, the countrysMinister of Municipal and Rural Affairs and HousingMajed Al-Hogailrevealed thatithas served1.4 millionfamilies,withhome ownership rates going as planned. The company last Thursday signed a series of agreements with nine Chinese entities, laying the ground for financing and constructing its renewable energy projects in Saudi Arabia and Belt and Road Initiative countries. Follow @arabnews. In 2020, Saudi Arabia's tourism ministry decided to renovate T. E. Lawrence's house in Yanbu, the British officer who captured the city during World War I.[10]. Saudi Crown Prince Mohammed bin Salman recently announced the Kingdoms ambition to see 30 competitive games developed by firms in the Kingdom by 2030 as part of the countrys national gaming and esports strategy. The interiors will be branded by Cavalli and inspired by the Amazon Jungle. The city lies in the dry valley of the Wadi al-Batin, which is part of the longer valley of the river Wadi al-Rummah (now dry), When they arrived at al-Usharayh, they expected to raid a rich Meccan caravan heading towards Syria led by Abu Sufyan. However, the parallel market Nomu on Sunday declined 232 points to stop at 18,534.86. Meanwhile, he revealed that the government's non-oil revenues covered 40 percent ofitsspending by the end of 2021, after covering only 10 percent previously. Sources and Acknowledgements The number ofSMEsin Saudi Arabia jumped 9.3 percent in the third quarter of 2022, driven by strong economic growth and a healthy entrepreneurial ecosystem in the Kingdom, according tothelatest government figures. Nasser Lootah, executive vice president of generation (power and water) division at DEWA, said that the station is equipped with the latest systems and technologies to reduce emissions to the minimum. The most notable village in Yanbu Al Nakhal is Jabriyya, where the local government office for the town is located. I believe that sustainable tourism has taken the responsibility to lead the world, he noted. Talking about the Kingdom's housing sector, the countrysMinister of Municipal and Rural Affairs and HousingMajed Al-Hogailrevealed thatithas served1.4 millionfamilies,withhome ownership rates going as planned. Saudi Arabia for us is one of our key markets. WebZoom Earth visualizes global weather in real-time. As a result of the pandemic, manufacturing industries have been facing stress in their supply chains, and with no tolerance for downtime, if an attack does take place, those firms are more likely to pay a ransom to get back to business as soon as possible. The third phase has a recreation area, hotel and other facilities. RIYADH: Dubai Electricity and Water Authority has completed 93 percent of the 829 megawatts fourth phase of the H-Station power plant in Al Aweer with investments totaling 1.1 billion dirhams ($30 million). Yanbu Cement Co., however, brought some cheer to its shareholders as it declared a 7.5 percent cash dividend, at SR0.75 per share, for the second half of 2022. Mohammed Ali Al-Shorafa, chairman of Etihad Aviation Group, said, It is wonderful to announce the return of this splendid aircraft. ACWA Power Chairman MohammadAbunayyanwho also participated in the forum revealed that the Kingdom has the cheapest renewable energies in the world. December 06, 2022 16:11. Klaus Mueller, the head of the Federal Network Agency, on Twitter hailed the double success for Germanys energy security. Saudi Minister of Economy and Planning FaisalAlibrahimagreed thatthe private sector has a vital role to playin the long run, considering that its a chief propeller of the Kingdoms economic development. The plant is a hybrid generation system, one of the most innovative and efficient in the world. The site master plan was created by architecture firm Yamasaki & Associates and Boeing and completed in 1977, with construction beginning in 1983. The majority of Yanbu's Western expatriate population is found living in the Royal Commission. Please select the city below you wish to travel to, or the one closest to your destination. He said that tourism, food, and beverages,privatization, and SMEs are the next group of sectors that will require some sort of collaboration between the private and public sectors. Follow @arabnews. He added thatnext year they will increase to 1 percent. The companys upstream activities are concentrated in the southern desert areas and in the Mediterranean offshore, through the Global Gas & LNG Portfolio for the management of the Transmed gas pipeline, which connects Algeria to Italy through Tunisia. It will supply the Tunisian national electricity grid with over 20 GWh of energy per year by ensuring savings of around 211,000 tons of CO2 over the life of the plant. Overall, Saudi Arabia is witnessing an acceleration in licensing SME factories while taking advantage of government facilities to stimulate specific sectors and industries related to thefourthindustrialrevolution. The companys upstream activities are concentrated in the southern desert areas and in the Mediterranean offshore, through the Global Gas & LNG Portfolio for the management of the Transmed gas pipeline, which connects Algeria to Italy through Tunisia. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. December waft the aroma that lets you know you're in Istanbul as the weather turns colder. The more mature, sophisticated, and faster the security program is, the lower the average cost of the data breach is, she added. Key testing and commissioning operations have started in the fourth quarter of 2022. He also concluded another treaty that was made with Banu Damrah previously. He noted that the projects work is progressing according to schedule, while maintaining the highest levels of health, safety, quality, and efficiency. Some of the local Saudis work on their own farms and trade in sheep and camels. Saeed Mohammed Al-Tayer, managing director and CEO of DEWA, said that this project is one of DEWAs key projects to meet the reserve margin criterion set for peak electricity demand in Dubai. The number ofSMEsin Saudi Arabia jumped 9.3 percent in the third quarter of 2022, driven by strong economic growth and a healthy entrepreneurial ecosystem in the Kingdom, according tothelatest government figures. Furthermore,herevealed thatSaudi Arabia has managed to control inflation by capping energy pricesastheyspenttens of billionsof dollars tocompensateSaudi Aramco for selling fuel locally at lowerthan theinternational price. SINGAPORE: Kuwait dropped the official selling price for one of two crude grades it sells to Asia in December from the previous month, a price document reviewed by Reuters showed on Monday. WebTransfer your pension and claim up to 1,000 in cashback.. Plus, new ii customers pay no Pension Builder subscription fee for their first 6 months if they open a SIPP account before 31 December 2022. Mohammed Ali Al-Shorafa, chairman of Etihad Aviation Group, said, It is wonderful to announce the return of this splendid aircraft. Mohammed Ali Al-Shorafa, chairman of Etihad Aviation Group, said, It is wonderful to announce the return of this splendid aircraft. Saudi Arabia thinking about the world with sustainable tourism moves: Ex-Mexico president, New Italian-built power plant opens in Tunisia, Closing Bell: TASI plunges 108 points as capital goods index plummets by 4%, SaudiFinanceMinistrycalls for greaterprivate participation as itreviews2023budget, UAE In-Focus DEWA completes 93% of 4th phase of H-Station in Al Aweer; Etihad to reintroduce 4 A380s, Ministry Of Investment holds Catalyze Saudi event to boost SME funding, Beijing no longer requires COVID test results to enter supermarkets, buildings, Chinese cities relax testing rules as zero COVID-19 policy eases, Beijing, Shenzhen scrap COVID-19 tests for public transport, Artists bring regions rich history to life at Misk Art Week, US forces kill two Daesh officials in Syria raid, Gifted young Saudis key focus of 2nd Mawhiba global conference, Award-winning designer Zac Posen presents fashion masterclass in Riyadh, Makkah Clock Royal Tower to launch childrens nursery in Ramadan, Egyptian envoy highlights importance of attracting more Russian tourists to Egypt, Japanese companys lander rockets toward moon with UAE rover, Lebanese religious leader slams MPs for failing nations people, world, Maaden wants to become the third pillar of Saudi Arabias economy: CEO, Interpols cybercrime chief eyes Middle East duty station as he steps up battle against hackers, Italy to become energy hub of Europe under EU-Tunisian power line plans, Italy to help set up bio territories in Tunisia, PIFs National Water Co. launches $23m environmental project in Qassim, Oil Updates Crude prices down; OPEC+ plays crucial role in supporting market stability, Saudi governorshailKingdoms surplusbudgetas it set topropeleconomicgrowth, Budget 2023: Saudi Arabia exceeds surplus estimate and revises up GDP forecast, UAE In-Focus Global trade surges 19% in first 9 months of 2022, AI and digital economy development key part of Saudi-China partnership plan, SMEs in KSA jump 9.3% in Q3 driven by healthy entrepreneurial ecosystem, Driven by strong incubation programs, Saudi gaming startups double in 2022, Russia sought to swap ex-US Marine for assassin held in Germany, Delta Hotels by Marriott debuts 100th property in Dubai, A political compromise offers renewed promise of realizing Sudanese aspirations, How a British explorers search for an ancient lost Arabian city uncovered a traveler from the stars instead, China and GCC natural partners for cooperation, Chinese President Xi Jinping tells Riyadh summit, Photovoltaic plant in Tataouine will generate 20 GWh of energy per year, Comes after EU green light on 200 km underwater power line connecting Italy and Tunisia. March 7,8 C. "The government's role is to legislate, but we are the ones who will implement and invest, theACWA Power chairman added. We moved from the Fiscal Balance Program to the Fiscal Sustainability Program,Aljadaanemphasized. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. Updated 06 December 2022 . Some of the key participants includedMartin Avetisyan, chief growth officer,Farfetch; Samuel Cardillo, head of technology at Nike (RTFKT);Rio Ferdinand, broadcaster and former professional footballer;Fernando Garibay,musicproducer;andAlexander Heller,founder & CEO,HyperSpace. Furthermore,herevealed thatSaudi Arabia has managed to control inflation by capping energy pricesastheyspenttens of billionsof dollars tocompensateSaudi Aramco for selling fuel locally at lowerthan theinternational price. Most of the restaurants here cater to the various ethnic groups in the area, although some also cater to residents in the Royal Commission. Meanwhile, he revealed that the government's non-oil revenues covered 40 percent ofitsspending by the end of 2021, after covering only 10 percent previously. It has been called the city of RIYADH:The private sector is considered a key driver in boosting Saudi Arabiasgross domestic productand helpingit become a productive economy,saidSaudiFinance Minister MohammedAljadaanduring the2023 Budget Forumorganizedto reviewthe performance of the government for the year 2022. August 23,3 C. Etihad is currently preparing the aircraft to fly again, and part of this preparation includes the recruitment and training of A380 teams, including pilots, cabin crew and technical ground staff. While most of Yanbu Al-Balad has a rather old, worn-out feel to it, parts of the city, particularly at the edges of the city, are starting to modernize, as new shopping centers, as well as a new shopping mall, have been built. Between 150 and 200 followers joined this operation to al-Ushayra, Yanbu in either the month of Jumada al-awwal or Jumada al-Thani.[2][3][4]. However, the banks share price fell 1.09 percent to close at SR36.45. He noted that the projects work is progressing according to schedule, while maintaining the highest levels of health, safety, quality, and efficiency. However, the banks share price fell 1.09 percent to close at SR36.45. RIYADH: Saudi Arabias Tadawul All Share Indexfell 108.30 points on Sunday to close at 10,138.31, dragged by the bearish wave in the capital goods, consumer durables and apparel sectors. This comes asSaudi Arabias bumper budget surplus received thumbs up from the Kingdoms governors as they term it a reflection of the strength and durability of the economy that will go long way to improve the lives of its citizens. The airport is the third-largest and the busiest airport of Saudi Arabia, serving more than 41 million passengers in 2018. Talking about the Kingdom's housing sector, the countrysMinister of Municipal and Rural Affairs and HousingMajed Al-Hogailrevealed thatithas served1.4 millionfamilies,withhome ownership rates going as planned. The scheme is set to be awarded in January 2024 and completed in December 2025. The companys share price on Sunday closed 0.45 percent higher to end at SR33.50. Saudi British Bank on Sunday announced the repurchase of up to 1 million ordinary shares to be allocated for the long-term employee stock incentive plan. It is one of the oldest sea ports along the Red Sea. Talking about the Kingdom's housing sector, the countrysMinister of Municipal and Rural Affairs and HousingMajed Al-Hogailrevealed thatithas served1.4 millionfamilies,withhome ownership rates going as planned. WebYanbu (Arabic: , romanized: Yanbu', lit. On the announcements front, Saudi National Bank declared the completion of capital hike procedures with Credit Suisse Group. The two-day event that began on Dec. 11 was attended byas many as 30 officials from the government and private speakerstodiscussthe impact of government services on citizens and the private sectorbesidesaddressingthe plans and future projects of the entities present. The basic infrastructure of the airport was complete by He added thatnext year they will increase to 1 percent. The plant was built by Societe Energie Renouvelables Eni Etap, or Seree, a joint venture between Eni and Entreprise Tunisienne dActivites Petrolieres, operating in the production of energy from renewable sources. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. It will have a built-up area of 14,966 square metres. The advance-decline ratio of the benchmark index also took a huge hit, with 183 stocks of the listed 219 dropping while 27 gained. Arab News. SINGAPORE: Kuwait dropped the official selling price for one of two crude grades it sells to Asia in December from the previous month, a price document reviewed by Reuters showed on Monday. The first day of the forum comprised six sessions covering themes on financial sustainability and drivers of economic growth, sustainable energy,basic services in light of the national transformation,andthe role of infrastructure and logistics services in supportingeconomic development. The three-day event, which began on Dec. 9 inAlUlaand culminated in Riyadh, is powered bythe Ministry of Investment of Saudi Arabiaand Jada Fund of Funds. Etihad is currently preparing the aircraft to fly again, and part of this preparation includes the recruitment and training of A380 teams, including pilots, cabin crew and technical ground staff. The city lies in the dry valley of the Wadi al-Batin, which is part of the longer valley of the river Wadi al-Rummah (now dry), Damac Properties has announced the launch of Cavalli Couture, a $90 million ultra-luxury branded residence on the banks of Dubai Water Canal. Some of the key participants includedMartin Avetisyan, chief growth officer,Farfetch; Samuel Cardillo, head of technology at Nike (RTFKT);Rio Ferdinand, broadcaster and former professional footballer;Fernando Garibay,musicproducer;andAlexander Heller,founder & CEO,HyperSpace. Launched in March 2022,Catalyze Saudi is an engagement platform to encouragetheexploration of opportunities within the VC and PE ecosystem in Saudi Arabia. However, the parallel market Nomu on Sunday declined 232 points to stop at 18,534.86. Yanbu (Arabic: , romanized:Yanbu', lit. Opportunities in the entertainment sector are ample, with Saudi Arabia recently announcing its intentions to become a global hub for gaming and esports. Every year there is a flower festival at the outskirts of Yanbu that has attracted many viewers around Saudi Arabia and neighboring countries.[6]. However, the banks share price fell 1.09 percent to close at SR36.45. December waft the aroma that lets you know you're in Istanbul as the weather turns colder. Besides the real estate investment trusts, the utilities also bucked the trend. The second day of the forumwill witness the holding of five dialogue sessionsrevolving aroundthe national industry and its role in facing risks,business facilitation and its role in the economy,the impact of tourism and culture on economic development,and the impact of the budget on empowering women. This comes asSaudi Arabias bumper budget surplus received thumbs up from the Kingdoms governors as they term it a reflection of the strength and durability of the economy that will go long way to improve the lives of its citizens. In addition to this, SMEs are set to play a significant role in achieving Saudi Arabias objectives of lowering the unemployment rate from 11.6 percent to 7 percent, and increasing womens participation in the workforce from 22 percent to 30 percent. Etihad Airways has announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airlines network and customer feedback. In Tunisia, Eni also operates the Adam photovoltaic field, with a peak capacity of 5 MW. Alkhudairystressed that SME Bank will have a crucial role to play in the process. Damac Properties has announced the launch of Cavalli Couture, a $90 million ultra-luxury branded residence on the banks of Dubai Water Canal. We work in line with the vision and directives of Sheikh Mohammed bin Rashid Al-Maktoum, the UAEs vice president, prime minister and ruler of Dubai, to provide a robust infrastructure that keeps pace with rapid developments in Dubai and the increasing demand for electricity and water in the emirate according to the highest standards of quality, efficiency, reliability and availability, he said. TheMonshaatreport pointed out that venture capital funding in Saudi Arabia in the first nine months of 2022 witnessed a 93 percent year-on-year increasetotalingSR3.1 billion ($820 million). The second day of the forumwill witness the holding of five dialogue sessionsrevolving aroundthe national industry and its role in facing risks,business facilitation and its role in the economy,the impact of tourism and culture on economic development,and the impact of the budget on empowering women. The plant is a hybrid generation system, one of the most innovative and efficient in the world. The basic infrastructure of the airport was complete by The project is expected to be operational in the first quarter of 2023. The current percentage of its treasury shares of total target shares stands at 0.20 percent. Yanbu is an important petroleum shipping terminal and is home to three oil refineries, a plastics facility and several other petrochemical plants. Catalyze Saudi aims to support the growth of Saudi Arabias startup and entrepreneurship ecosystem. We moved from the Fiscal Balance Program to the Fiscal Sustainability Program,Aljadaanemphasized. WebHafar al-Batin (Arabic: afar al-Bin), also frequently spelled Hafr al-Batin, is a Saudi Arabian city in the Eastern Province.It is located 430 km north of Riyadh, 94.2 km from the Kuwait border, and about 74.3 from the Iraq border. The port is connected to the holy cities, especially the one in Madinah. National Dewatering & Land Draining Co.has been appointed as the piling contractor. On the announcements front, Saudi National Bank declared the completion of capital hike procedures with Credit Suisse Group. The plant was built by Societe Energie Renouvelables Eni Etap, or Seree, a joint venture between Eni and Entreprise Tunisienne dActivites Petrolieres, operating in the production of energy from renewable sources. Savvy Games Group, a firm owned by Saudi Arabias Public Investment Fund, unveiled investments worth SR142 billion ($37.8 billion) to transform the Kingdom into a global gaming hub with world-class gaming companies. Gulf Engineering & Consultants is working as the consultant on the project. The Utilities Index rose 126.72 points to close at 6,715 points, buoyed by ACWA Power which increased 4.3 percent to cease at SR138 ($36.70). Besides the real estate investment trusts, the utilities also bucked the trend. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. Located in Jumeirah 2, the development will be a low-rise 14-storey building overlooking Safa Park. However, the parallel market Nomu on Sunday declined 232 points to stop at 18,534.86. WebInterested in more detailed Weather and Climate information? In Tunisia, Eni also operates the Adam photovoltaic field, with a peak capacity of 5 MW. The number ofSMEsin Saudi Arabia jumped 9.3 percent in the third quarter of 2022, driven by strong economic growth and a healthy entrepreneurial ecosystem in the Kingdom, according tothelatest government figures. November 12,2 C. On the announcements front, Saudi National Bank declared the completion of capital hike procedures with Credit Suisse Group. This will make it harder for cyber criminals to steal credentials, the general manager stressed. This edition was focusedonthe future of the entertainment industry, bringing togetherexpertsto discuss opportunities across sectors such as gaming, media, music, sport, design, tourism, and hospitality, with a key consideration on increasing investment in Saudi Arabia. October 15,6 C. The site master plan was created by architecture firm Yamasaki & Associates and Boeing and completed in 1977, with construction beginning in 1983. 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