Saudi trade summit takes place in Riyadh

The 7th Annual Saudi Trade Finance (STF) Summit took place recently in Riyadh, with the slogan “Enabling the Kingdom’s vision for a better future.” (Twitter/@QnAIntl)
Updated 20 November 2019

Saudi trade summit takes place in Riyadh

  • The summit was founded in 2013 to bridge the gap between CFOs and financial institutions
  • The high-profile event provided a platform to bring together CEOs, presidents, chairmen, group CFOs, finance and treasury heads and thriving government agencies in the Kingdom

RIYADH: The 7th Annual Saudi Trade Finance (STF) Summit took place recently in Riyadh, with the slogan “Enabling the Kingdom’s vision for a better future.”
The high-profile event provided a platform to bring together CEOs, presidents, chairmen, group CFOs, finance and treasury heads and thriving government agencies in the Kingdom to open up thought-provoking panels on current trends, challenges and opportunities in the finance sector.
The summit was founded in 2013 to bridge the gap between CFOs and financial institutions, and this year the General Authority for Small and Medium Enterprises (Monshaat) organized, supported, developed and sponsored the small and medium enterprise (SME) sector.
Monshaat, as a supporting partner of STF, told Arab News: “The efforts of Monshaat in the finance sector is verified into many categories dedicated to small and medium enterprises, including: Venture Capital, SMEs fees refund, funding platform, and indirect lending with a total budget of approximately SR11.4 billion ($3.039 billion) distributed among them.
“An example of one portal is the funding platform, that brings together entrepreneurs and owners of SMEs looking for financing, allow them to choose appropriate financing and connect them to 20 20 funding partners including banks, finance companies and investment companies.”
The STF Summit’s informative conference sessions and unparalleled networking opportunities this year have emphasized the diversification of the economy to empower financial institutions and corporates in achieving the Kingdom’s Vision 2030 Program through sustainable growth.


Saudi customs train dogs to sniff out infected air travelers

Saudi Health Ministry officials distribute roses to people following precautionary measures to prevent coronavirus. (Supplied)
Updated 05 August 2020

Saudi customs train dogs to sniff out infected air travelers

  • 1,983 critical cases reported, death toll reaches 2,984

JEDDAH: Saudi Customs officials are taking the lead in identifying air travelers harboring the coronavirus disease (COVID-19) — by using specially trained sniffer dogs.

The canine virus detectors are being drafted in at airports throughout the Kingdom to help pick up the scent of infected passengers.
Following the resumption of international flights, customs staff in Saudi Arabia are to use the animals as part of their efforts to stop the spread of the deadly virus.
The customs authority, in collaboration with the Centers for Disease Control and Prevention (CDC), has been training Jack Russell terriers and other breeds to recognize the odor of COVID-19.
“The training has been 80 percent successful,” said Mohammed Al-Salloum, director of the National Center for Living Means at Saudi Customs, adding that final preparations were being put in place for the dog teams to start work in airport terminals throughout the country.
Meanwhile, the Saudi Ministry of Health on Tuesday announced 1,342 new confirmed COVID-19 cases, taking the total number in the Kingdom to 281,435.
Of the latest cases, 97 were recorded in Riyadh, 56 in Makkah, 53 in Madinah and Hafr Al-Batin, and 51 in Dammam, with 40 percent of them women. There were 34,763 active cases, with most patients in a stable condition, and 1,983 critical.
The number of people who have recovered from COVID-19 increased to 243,688 with 1,635 of those being in the latest 24-hour period. The Kingdom reported 35 new COVID-19-related deaths, raising the overall toll to 2,984.
The ministry said it had carried out 54,325 polymerase chain reaction (PCR) tests over 24 hours taking the total number of checks conducted since the outbreak to 3,528,040.