Tuesday, August 9

Business

Financed by KSrelief, Ambulance Service carries out 50 missions within a week in Lebanon

Business
Beirut-- Financed by King Salman Humanitarian Aid and Relief Center (KSrelief), the Ambulance Service of Subul Al-Salam Social Society in Al-Minyah, northern Lebanon, carried out 50 ambulance missions during the past week.This comes within the framework of a project to support ambulance services and transport in refugee areas.Source: Saudi Press Agency

PIF Launches Saudi Egyptian Investment Company to Foster Investment in Egypt

Business
Riyadh-- The Public Investment Fund (PIF) today launched the Saudi Egyptian Investment Company (SEIC) to invest in promising sectors throughout Egypt, one of the world’s emerging markets.SEIC will invest in priority sectors including but not limited to, infrastructure, real estate development, health care, financial services, food and agriculture, manufacturing, pharmaceutical and other opportunistic investments. The company will also contribute to enhancing access for PIF and its portfolio companies, along with the Saudi private sector, to a variety of investment opportunities in Egypt. This will help drive attractive long-term commercial returns and enhance cooperation across many strategic sectors.Yazeed Alhumied Deputy Governor and Head of MENA Investments at PIF, said, "We are pleased...

Kuwait, Oman and UAE Welcome Truce Extension Agreement in Yemen

Business
Kuwait, Muscat, Abu Dhabi, Aug 4, 2022, SPA -- The State of Kuwait, Sultanate of Oman and United Arab Emirates have welcomed the United Nations announcement of a truce extension in Yemen for another two months.The Kuwaiti Ministry of Foreign Affairs expressed the State of Kuwait's hope that the truce extension would pave the way for an expanded truce agreement and the resumption of the political process, in order to reach a just and sustainable peace that fulfills the aspirations of the Yemeni people for security and development.In Muscat, the Omani Ministry of Foreign Affairs expressed the hope that this agreement would establish expanded discussions under the auspices of the United Nations to ensure a permanent and comprehensive ceasefire, and to address humanitarian, economic and politi...

CEO of Saudi Fund for Development Receives Ambassador of Tunisia to Saudi Arabia

Business
Riyadh-- CEO of Saudi Fund for Development (SFD) Sultan bin Abdulrahman Al-Marshad received here today Ambassador of the Republic of Tunisia to the Kingdom of Saudi Arabia Hichem Fourati.During the meeting, they reviewed the development projects and programs financed by the SFD in the Republic of Tunisia.The ambassador was briefed on the activities of the SFD in the Republic of Tunisia, and discussed issues related to the progress of development projects and programs being implemented in Tunisia.He valued the Kingdom of Saudi Arabia's efforts through the SFD and its contributions and support for the development projects in Tunisia by providing soft development loans and generous grants from the Kingdom's government, in order to contribute to achieving the sustainable development goals.Sour...

Ministry of Investment Signs MoU with Alstom Company

Business
Riyadh-- The Ministry of Investment has signed a memorandum of understanding with Alstom Company, which is specializes in the sustainable and smart transportation sector, in presence of Undersecretary of the Ministry Fahad Al-Naeem, to discuss the investment opportunities in the transport sector, localize its industries, and establish Alstom's regional headquarters to the Kingdom of Saudi Arabia.The MoU aims to explore the future of sustainable transport in the Kingdom of Saudi Arabia and identify investment opportunities in the public transport sector related to railway infrastructure, sustainable transport technologies and reducing carbon emissions, in line with the objectives of the Kingdom's Vision 2030.Source: Saudi Press Agency

Qatar Stock Exchange Ends Trading Down

Business
Doha-- The general index of the Qatar Stock Exchange ended lower today, losing 9.57 points, or 0.07 per cent, to reach 13,376.64 points level.During today's session, 246,208,163 shares were traded, with a value of QAR 591,295,135.800, through 18,811 deals in all sectors.During the session, 23 companies prices went up, while the prices of 18 other companies declined, and 4 companies maintained their previous closing price.Source: Saudi Press Agency