Thursday, September 16

Business

Breaking World Record, a Gyrfalcon Sold for over 460,000 $ in International Falcon Breeders Auction

Business
Riyadh, The most expensive Gyrfalcon was sold today, Sunday, on the last day of the International Falcon Breeders Auction (IFBA), organized by the Saudi Falcon Club (SFC) at its Headquarters in Malham, north of Riyadh. The falcon was sold to a lucky falconer for 466,667 $ (1,750,000 Saudi riyals).The falcon is a Gyr Qarmousha Falcon “Falco Rusticolus“(Ultra White) Farkh (under one year old) from the American "Pacific Northwest Falcons" farm, the best international breeding farm. The American falcon is 16.5 inches long and wide, and weighs 980 grams.The competitive bedding, which was broadcast live on television and livestream on social media platforms, lasted for a long time. Bidders competed over this falcon because it was the world’s foremost of its kind to be offered in an auction.IFBA ...

Breaking World Record, a Gyrfalcon Sold for over 460,000 $ in International Falcon Breeders Auction

Business
Riyadh, The most expensive Gyrfalcon was sold today, Sunday, on the last day of the International Falcon Breeders Auction (IFBA), organized by the Saudi Falcon Club (SFC) at its Headquarters in Malham, north of Riyadh. The falcon was sold to a lucky falconer for 466,667 $ (1,750,000 Saudi riyals).The falcon is a Gyr Qarmousha Falcon “Falco Rusticolus“(Ultra White) Farkh (under one year old) from the American "Pacific Northwest Falcons" farm, the best international breeding farm. The American falcon is 16.5 inches long and wide, and weighs 980 grams.The competitive bedding, which was broadcast live on television and livestream on social media platforms, lasted for a long time. Bidders competed over this falcon because it was the world’s foremost of its kind to be offered in an auction.IFBA ...

European markets close weak on growth worries

Business
Brussels/Frankfurt/Paris, September European stocks closed lower on Friday, weighed down by some disappointing regional economic data, dpa reported.The pan-European Stoxx 600 declined 0.56 per cent. Britain's FTSE 100 ended 0.36 per cent down, Germany's DAX slid 0.37 per cent and France's CAC 40 tumbled 1.08 per cent. Switzerland's SMI lost 0.65 per cent.Source: Saudi Press Agency

International Trade Relations Director at Confederation of Portuguese Business Praises Investment Climate in Saudi Arabia

Business
Riyadh, Director of International Trade Relations at the Confederation of Portuguese Business Pedro Magalhães noted the mega projects that the Kingdom of Saudi Arabia is witnessing and its qualitative initiatives that are in harmony with the Saudi Vision 2030, in addition to having economic estates with developed infrastructure.In a press statement after concluding a visit with a Portuguese commercial delegation of several companies to the headquarters of the Federation of Saudi Chambers and meeting with Saudi businesspeople, Magalhães stressed that the investment climate in both countries is attractive and characterized by diversity, especially in agricultural technology, innovation, industrial sector, services and constructions.He highlighted the importance of exchanging commercial visit...

Justice Ministry Expands Electronic Real Estate Clean-out Services by Adding Seven New Banks

Business
Riyadh, The Ministry of Justice has announced the expansion of the electronic real estate clean-out service, by making the service available through seven additional banks.The new banks include Albilad Bank, Arriyadh Bank, SBB, AlJazira Bank, Saudi Investment Bank, ANB, and Saudi Fransi Bank, in addition to Alinma, Al Rajhi, and the SNB, in cooperation with the Central Bank of Saudi Arabia (SAMA).The ministry said the expansion of the service procedure aims to serve a larger segment of beneficiaries by allowing them to deposit real estate transaction amounts into their bank accounts in an integrated electronic process that begins with the parties accepting the transaction, transferring the amount to the seller and transferring ownership of the property to the buyer in an electronic form, t...

UAE Condemns Attempt of Terrorist Houthi Militia to Target Saudi Arabia with Ballistic Missile and Bomb-Laden UAVs

Business
Abu Dhabi, The United Arab Emirates has expressed its strong condemnation and denunciation of the attempts of the Iranian-backed terrorist Houthi militia to systematically and deliberately target civilians and civilian objects in Khamis Mushait and Jazan, Saudi Arabia, through a ballistic missile and bomb-laden UAVs, which were intercepted by the coalition forces.In a statement issued by the UAE Ministry of Foreign Affairs and International Cooperation, the UAE stressed that the continuation of these terrorist attacks by the Houthi militia reflects its blatant disregard for all international laws and norms.The UAE ministry urged the international community to take an immediate and decisive stance to stop these repeated actions targeting vital and civil facilities, the security of the Kingd...