Saudi Chambers Council discusses trade with ambassador to Korea

Secretary General of the Council of Saudi Chambers Khalid Al Otaiby met with Saudi Ambassador to Korea Riyadh Al Mubaraki to discuss trade relations between Saudi Arabia and Korea. Topics discussed included strategies to boost trade, including information exchanges, more business delegations and emphasizing the use of Saudi products by Korean firms working in Saudi Arabia. Read More »

Turkish prime minister encourages stronger Saudi trade relations

Turkish Prime Minister Ahmet Davutoglu recently encouraged a group of Saudi business leaders to consider opportunities to enhance trade and economic collaboration between the two countries. Davutoglu noted Saudi’s position as an important trade partner to Turkey in addition to the cultural ties that bind the two countries as reasons to strengthen economic cooperation. Read More »

Elaf Group sees tremendous momentum in Saudi Arabia’s hospitality industry

Elaf Group is highly optimistic about the growth in Saudi Arabia's hospitality sector. “The Saudi Commission for Tourism and Antiquities has an ambitious strategy to host 45.3 million tourists each year by 2020,” Elaf Group CEO Ziyad Bin Mahfouz told Gulf News Journal. “This, in my opinion, is one of the major reasons to be optimistic for the KSA’s hospitality sector." Read More »

Qatar Science and Technology Park announces board appointments

The Qatar Foundation for Education, Science and Community Development said Dr. Hamad Al-Ibrahim will take over as chairman of the Qatar Science and Technology Park (QSTP). Al-Ibrahim is currently executive vice president of Qatar Foundation Research and Development. QSTP officials also announced that several board members would continue their posts for three more years. Read More »

Saudia Arabia's SEDCO participates in inclusive economics summit

SEDCO Holding Group (SHG) participated in this year's Hope Global Forums annual meeting in Atlanta. The international gathering was themed "Inclusive Economics" and was meant to stimulate and share ideas on how to better involve youth in economic activities. SHG was at the event representing its Riyali program, which puts on financial skills workshops for university students. Read More »

U.S., Saudi chambers launch CEO Summit series in Riyadh

The U.S. Chamber of Commerce partnered with Committee for International Trade at the Council of Saudi Chambers to organize a gathering of CEOs from the two countries in Riyadh in hopes of improving bilateral trade relations. Summit organizers hoped the meeting would be a boon to business in both countries and help support Saudi Arabia's efforts to grow its economy beyond oil. Read More »

Mohamed Yousuf Naghi Motors brings BMW motorcycles to Saudi Arabia

Mohamed Yousuf Naghi Motors recently opened Saudi Arabia's first BMW Motorrad showroom in Jeddah. The new showroom in Jeddah is one of three that will open across Saudi Arabia by 2017. It houses the BMW S 1000 RR, the BMW K 1600 GTL, the BMW R 1200 R Roadster and, for the adventurer; the BMW R 1200 GS. BMW's Motorrad series offers more than 20 models of motorcycles. Read More »

Alkhabeer Capital tops list of Saudi Arabia's best financial services employers

Global research, training and consulting firm Great Place to Work recently put asset management and investment firm Alkhabeer Capital of Jessah at the top of its list of Saudi Arabia's best financial services employers. Alkhabeer Capital also was named the fourth best place to work in a Great Place to Work list that ranked Saudi Arabian businesses from all sectors. Read More »

Islamic Development Bank, NEPAD sign cooperation agreement

The Islamic Development Bank in Saudia Arabia and the New Partnership for Africa's (NEPAD) Development Planning and Coordinating Agency (NPCA) recently signed a memorandum of understanding (MoU) concerning regional integration and cooperation. The MoU also concerned infrastructure, agriculture and food security, education and human capital development, and climate change. Read More »

Qatar Foundation hosts Kyrgyz Republic delegation

The Qatar Foundation's accomplishments and plans for the future were the main topics of discussion during a recent visit to Qatar by a delegation from the Kyrgyz Republic. Kyrgyz Republic President Almazbek Atambayev and the rest of the delegation visited the new headquarters of the Qatar Foundation for Education, Science and Community Development, located in Education City. Read More »

Saudi Aramco to boost reliance on local goods, services

The Saudi Arabian Oil Company, known as Saudi Aramco, has launched a major initiative to acquire as much of its needed goods and services from within the kingdom as possible. Saudi Aramco envisions the initiative, dubbed the In-Kingdom Total Value Add program, as a way to boost the kingdom’s local economy. The program is designed to help create jobs and increase internal investment. Read More »

Qatar Foundation holds architecture conference highlighting Doha's Education City

Hamad bin Khalifa University recently played host to a two-day architecture conference called “Learning from Education City” and organized by the Qatar Foundation for Education, Science and Community Development (QF). Education City lies on the outskirts of Doha, and the sprawling facility represents the Qatar Foundation’s flagship development. Read More »

Cityquest-KAEC forum to bring top urban planners together to revolutionize Saudi cities

Saudi city planners are coming together with sustainability and economic experts next week at King Abdullah Economic City (KAEC) for the third Cityquest-KAEC Forum. The forum aims to bring top experts under one roof to help guide the sustainable development of Saudi Arabia’s cities -- especially the KAEC megaproject that is intended to become a major regional business and lifestyle hub. Read More »

Saudi British Bank honored with Euromoney award

For the eighth year running, Euromoney magazine has honored Saudi British Bank (SABB) as its Best Cash Management Provider in Saudi Arabia for 2015. The award was partly based on feedback from SABB customers. "SABB remains committed to delivering top quality services and is focused on creating innovative and tailored solutions," SABB General Manager of Commercial Banking Majed Al-Gwaiz said. Read More »

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