RIYADH: A package of incentives is to be offered to Saudi companies to list on the Riyadh-based stock market, with more initial public offerings (IPOs) expected next year, according to the CEO of the exchange. The Saudi Stock Exchange, known as Tadawul, expects IPOs to pick up next year, its chief Khalid Al-Hussan told Reuters, while the launch of stock index…
RIYADH: Parents in Saudi Arabia will spend millions of dollars on back-to-school shopping, according to retail analysts and market leaders.“Back-to-school is a major shopping event, and a sizeable amount is spent on school uniforms, shoes, books and other accessories,” Khaled Al-Ghanem, owner of the Al-Samran Stationery Store in Riyadh, told Arab News.Al-Ghanem said that “most hypermarkets, supermarkets, bookshops and stationery…
A senior Yemeni official has put Iran and Iranian-backed Houthi militias on notice, revealing for the first time that Houthis have ruthlessly killed 1,372 children and 814 women since war broke out in Yemen in 2014. Mohammed Askar, the Yemeni human rights minister, said: “Hundreds of children and women have been killed also from March to August this year.” The…
RIYADH: Localization of Saudi Arabia’s fast-growing, multibillion-dollar pharmaceutical industry will top the agenda at a high-profile food and drug conference in Riyadh next month. Regulation of pharmacy stores, strategic procurement of medicines, and food contaminants in Arab countries will be discussed at the three-day conference, organized by the Saudi Food & Drug Authority (SFDA), beginning on Sept. 25. “The SFDA…
RIYADH: Relations between Saudi Arabia and Nepal are poised for strong growth after the opening of the Saudi Embassy in Katmandu and the renewed Saudi pledge to extend aid and loan facilities for infrastructure projects in the south Asian country. “Nepal is also currently studying the clauses of a draft agreement to be signed with the Kingdom, which will facilitate deployment…
RIYADH: Three major Japanese banks will become operational in Saudi Arabia by October this year, said newly Japanese Ambassador Tsukasa Uemura. In an exclusive interview to Arab News on Sunday, the top diplomat said Japan has trained more than 10,000 Saudi engineers and technical personnel and will lend further support for an ambitious training program as part of the commitment…
RIYADH: Iran faces grave consequences if it continues to indulge in proxy wars with neighboring Arab countries, threatening the peace and stability in the Middle East, representatives of the Gulf Cooperation Council (GCC) have warned. In statements issued on the 37th anniversary of the GCC’s establishment, delegates criticized Iran’s role in the Yemen conflict and Tehran’s continued support to the…
RIYADH: Saudi Arabia will set up a high-powered national commission to help disabled people in the Kingdom integrate with mainstream society. “The creation of this new commission is an important step, a historic move,” said Prince Sultan bin Salman, chairman of the Riyadh-based King Salman Center for Disability Research (KSCDR), on Friday. Prince Sultan, who is also chairman of the…
RIYADH: Saudi banks, which are working to capitalize on economic reforms, have defied recessionary trends by posting profits during the first quarter of 2018. The banks have cumulatively reported a 7.5 percent year-on-year increase and an 18 percent quarter-on-quarter growth in net profit for the first quarter, thanks to lower interest expenses and provisioning charges. “The results are credit positive for…
On behalf of Prince Bandar bin Abdul Aziz, founder of the King Salman Center for Disability Research (KSCDR), Riyadh Gov. Prince Faisal bin Bandar attended the General Assembly’s 9th meeting and the 12th meeting of the center’s founders. Prince Sultan bin Salman, chairman of the board of trustees, expressed his thanks and appreciation to King Salman for his support of…