Islamic Development Bank earmarks $1 billion to aid agriculture, education and infrastructure projects

The board of executive directors of the Islamic Development Bank (IDB) recently approved over $1 billion in funds to finance various agriculture, education, and infrastructure projects in IDB member nations as well as Muslim communities non-member nations. The approval was part of the board’s 311th session where officials reviewed the company’s policies, programs and plans. Read More »

Saudi business leaders to host visit by India's prime minister

Leaders in the Saudi business and economy sectors are looking forward to hosting a visit from India Prime Minister Narendra Modi, as the meeting will improve the investment and bilateral trade relations between Saudi Arabia and India. Economic relations is crucial to both countries because India depends on Saudi Arabia for more than 20 percent of its national oil imports. Read More »

Saudi, British business council leaders discuss plan for economic growth

Council of Saudi Chambers Chairperson Abdulrahman Al Zamil met with Saudi-British Joint Business Council Co-chair Elizabeth Symons to discuss mutual relations between Saudi Arabia and Britain and to develop ideas on how to better collaborative efforts between the two countries. Cooperation in developing programs aimed to better education, health and training was also discussed. Read More »

Guinea president, Council of Saudi Chambers discuss economic cooperation

Guinea President Alpha Conde and his delegation met with members of the Saudi business sector at the Council of Saudi Chambers to discuss economic cooperation between the two countries. Conde encouraged Saudi investors to explore opportunities in Guinea to create partnerships in agriculture, mining, manufacturing and tourism, pointing out incentives Guinea offers to foreign investors. Read More »

India's ambassador, Council of Saudi Chambers discuss trade relations

India Ambassador to Saudi Arabia Ahmed Javed and the leaders from the Council of Saudi Chambers (CSC) recently discussed developing approaches to improve and strengthen the trade relations between the two nations. CSC Chairperson Abdulrahman Al Zamil began the meeting by emphasizing that the two nations have distinguished strategic relations that unite them. Read More »

Saudi Aramco, Dow officials check progress on Sadara complex

The board of directors for Saudi Aramco and Dow Chemical Co. visited the Sadara Chemical Company complex to view the progress of the mega project in Saudi Arabia’s Eastern Province. The chemicals and plastics complex, based in Jubail, is 98 percent finished. The joint venture was first approved four years ago, and experts estimate that it will be fully operational by 2017. Read More »

Detasad signs Intelsat deal to enhance broadband services in Saudi Arabia

Detecon Al Saudia Co. Ltd. (Detasad) re-signed and extended its contract with communications satellite services provider Intelsat S.A. for Ku-ban services to supply broadband and Internet access to business networks operating in and near Saudi Arabia. The multiyear agreement allows Detasad to ensure customers have access to the best performing broadband connectivity available. Read More »

Baud Telecom to help Grandstream expand in Saudi Arabia

Grandstream Networks, which offers SIP unified communication solutions, recently partnered with Baud Telecom, the leading supplier for integrated solutions in Saudi Arabia, to expand Grandstream’s footprint in Saudi Arabia. Installers, resellers and integrators in Saudi Arabia can use Grandstream and Baud Telecom as their local source for SIP unified communications solutions. Read More »

Survey suggests reforming Saudi Arabia tax, business systems could bring in overseas investors

PricewaterhouseCoopers (PwC) Middle East has released its most recent tax survey that suggests that streamlining and clarifying Saudi Arabian taxes and business regimes could help the area’s businesses gain new overseas investors. Many people see Saudi Arabia as a low tax or “no tax” nation. Unfortunately, the actual tax system is complicated and challenging for leaders to manage. Read More »

Saudi Telecom Company picks Gemalto and Comarch to integrate IT services

Saudi Telecom Company (STC) has selected digital security firm Gemalto and Comarch, which designs advanced IT services and software, to implement and integrate its innovative IT services and software and put into use an loT (Internet of Things) connectivity management platform. STC will be able to introduce new products and services under the new platform. Read More »

Council of Saudi Chambers discusses trade relations with Albania mayor

Council of Saudi Chambers Secretary General Khalid Al Otaiby met with Mayor Erion Veliaj of Tirana, Albania, to discuss areas of economic collaboration between the two countries. The two leaders sought to emphasize the important relations that unite Albania and Saudi Arabia. The goal of the meeting was to sustain and build on these relations with ongoing delegation exchanges. Read More »

Top