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Business

Saudi Arabia’s Ministry of Investment Deploys Taskforce to Ensure Business Continuity Amid Office Closures

Business
Riyadh, The Ministry of Investment of Saudi Arabia (MISA) has announced the establishment of a special taskforce to ensure continuity of all services will be provided to existing and prospective investors through teleworking technologies.In a letter to all investor partners and beneficiaries, Khalid Al-Falih, Saudi Arabia’s Minister of Investment said, “MISA will continue supporting investors and working remotely will not affect the ministry’s service provision. In addition to all services being offered as usual, MISA’s dedicated taskforce will coordinate across all government entities and address any potential issues that stakeholders might encounter that could disrupt normal business activities. The taskforce will also communicate with international investors to address their needs effec

Saudi Arabia’s Ministry of Investment Deploys Taskforce to Ensure Business Continuity Amid Office Closures

Business
Riyadh, The Ministry of Investment of Saudi Arabia (MISA) has announced the establishment of a special taskforce to ensure continuity of all services will be provided to existing and prospective investors through teleworking technologies.In a letter to all investor partners and beneficiaries, Khalid Al-Falih, Saudi Arabia’s Minister of Investment said, “MISA will continue supporting investors and working remotely will not affect the ministry’s service provision. In addition to all services being offered as usual, MISA’s dedicated taskforce will coordinate across all government entities and address any potential issues that stakeholders might encounter that could disrupt normal business activities. The taskforce will also communicate with international investors to address their needs effec

What Is Behind Turkey’s Proposal for Syria’s Oil?

Business
Turkish President Recep Tayyip Erdogan has said that Syrian oil revenues should be used to rebuild the war-torn country, raising concerns among Kurdish forces — which control most of the oil fields in eastern Syria — that such Turkish plans could threaten their own presence. Erdogan told reporters last week that he has proposed the idea to Russian President Vladimir Putin. "With the help of oil revenues generated there, we could assume the construction side, if you extend support in terms of financing. Let's bring ruined Syria to its feet. And Putin said that his could be possible," the Turkish president said, referring to an earlier conversation he has had with his Russian counterpart. Erdogan referred to the Syrian cities of Qamishli in northeast and Deir al-Zour in the east as two ar

Council of Saudi Chambers is umbrella of business sector and chambers of commerce in the Kingdom

Business
Riyadh, The Council of Saudi Chambers is considered the umbrella of the Saudi business sector and the chambers of commerce in the Kingdom of Saudi Arabia, works to represent their interests locally and internally, achieves their goals and serves the Saudi economy.The Council takes care of the common interests of the 28 chambers of commerce and industry in the Kingdom, and is concerned with their representation at local and external levels, and works to develop the roles of the private sector in the national economy.During the year 2019, the Council achieved many accomplishments in leading the institutional work of the business sector, which enhances its contributions to the implementation of the goals and programs of the Kingdom's vision 2030 .The Council provided its services in 2019 to m...

stc: 3,000 Employees work online

Business
Riyadh, stc has announced that more than 3,000 male and female employees have started to work online for the upcoming two weeks. This comes in implementation of stc’s strategy “dare” which aims to digitalize stc. It also comes in line with precautionary measures being taken by the Kingdom of Saudi Arabia to prevent the outbreak of the novel coronavirus (COVID-19).The Deputy President of Human Resources Sector in stc, Ahmad Musfer Alghamdi, said that stc enabled all working mothers to work online to stay home with their children due to current circumstances of suspending all educational institutions in Saudi Arabia.It’s worth noting that stc ranks as 44th on Forbes’ list of the Top 100 Digital Companies around the world, and the 1st in the Middle East. stc also provides 95% of its services

Tunisian Development & Investment Minister Receives Saudi Ambassador

Business
Tunis, The Tunisian Minister of Development and Investment Mohamed Selim El-Ezaby received here today the Ambassador of the Kingdom of Saudi Arabia to Tunisia, Mohammed bin Mahmoud Al-Ali.The meeting tackled the existing economic and financial cooperation between the two countries and opportunities for further strengthening and diversification.They also discussed ways to accelerate the implementation of the projects agreed upon.Source: Saudi Press Agency

Tunisian Development & Investment Minister Receives Saudi Ambassador

Business
Tunis, The Tunisian Minister of Development and Investment Mohamed Selim El-Ezaby received here today the Ambassador of the Kingdom of Saudi Arabia to Tunisia, Mohammed bin Mahmoud Al-Ali.The meeting tackled the existing economic and financial cooperation between the two countries and opportunities for further strengthening and diversification.They also discussed ways to accelerate the implementation of the projects agreed upon.Source: Saudi Press Agency

Syria, Cuba to enhance trade and economic relations

Business
Havana, Syria’s Ambassador to Cuba, Idris Mayya, discussed on Thursday with President of the Chamber of Commerce of Cuba, Antonio Carricarte, means of enhancing trade relations between the two countries.During a meeting held at the Chamber of Commerce of Cuba in Havana, Carricarte stressed the need for expanding economic relations and trade exchange between Cuba and Syria to promote up to the remarkable bilateral political relations, particularly as the two countries are linked by strong friendship and historic relation.Ambassador Mayya, for his part, affirmed that the two countries have willingness to strengthen economic relations, especially during the current circumstances to which both countries are passing through because of the coercive economic measures imposed by the US on them.Sou