Showing results for "Shoura Council"

New regulations for finance companies in Saudi Arabia

  • JEDDAH: King Salman on Saturday issued a royal order instructing the Ministry of Justice to put in place controls to limit the practice of financial activity by unauthorized persons, according to the Finance Companies Control Law. This seeks to accurately track down the offenders, promptly putt...
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French investments in Saudi Arabia top $21.3bn

  • RIYADH: Saudi Arabia has emerged as one of the top destinations for French investment, estimated at more than SR80 billion ($21.3 billion) according to a new report....
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‘More than 50%’: Saudi minister reaffirms government call for women’s central role in reforms

  • LONDON: Women should be “central” to achieving the nation’s ambitious Vision 2030, Saudi Energy Minister Khalid Al-Falih told Arab News on International Women’s Day....
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Saudi Arabia’s economic investments in Egypt run deep

  • CAIRO: The visit by Crown Prince Mohammed bin Salman to Egypt comes as Saudi investment in the country continues to grow, boosted by easing trade restrictions, a weak Egyptian pound and plans for a bridge linking the two countries....
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Shoura demands independent monitoring of Aramco’s sales

  • During the Shoura Council’s session on Monday, members of the council accused those in charge of the “Hadaf” program under the Ministry of Labor of wasting millions of riyals on systematic errors in Saudi Aramco’s sales saying that these errors had been proven by the performance indicators of the...
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‘IS can scare investors away from the region’

  • If the Islamic State (IS) terrorist group is allowed to operate over the next year it would drive investors away, which could have a major negative impact on all the region’s economies, the Italian ambassador said on Tuesday.Mario Boffo was speaking to Arab News at his residence, on the eve of a...
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PIF to set up new companies

  • RIYADH: Saudi Arabia’s Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim Al-Assaf said.His statement, quoted by Asharq Al-Awsat, a sister publication of...
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Sovereign fund to manage growing budget surplus

  • Saudi Arabia is preparing to launch its first sovereign wealth fund to manage budget surpluses from a rise in crude prices estimated at hundreds of billions of riyals every year.The Shoura Council is due to discuss a draft law for the National Reserve Fund in meetings scheduled for Monday and...
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Tourism poised to attract SR 33bn investments by 2020

  • The Saudi tourism and hospitality is poised to see an investment of SR 33.5 billion being pumped in by 2020.Local media quoting experts in the field said investments in tourism and travel sector in the Kingdom have grown at an annual compounded average growth rate (CAGR) of 5 percent since 2001,...
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Denmark set to lose millions following halal slaughter ban

  • Denmark is likely to lose millions of dollars in trade and tourism revenues following its ban Monday on slaughtering animals in accordance with Islamic standards....
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