Wednesday, January 19

Business

Saudi Stock Exchange Main Index Ends Trading Higher at 11,843 Points

Business
Riyadh, Saudi Stock Exchange's main index ended trading higher here today, gaining 178.72 points to close at 11,843.55 points.The total value of the trading reported was SAR 8 billion, while the toll of shares traded was 185 million, divided into over 340,000 deals.The Saudi Parallel Equity Market Index (NOMU) ended the day gaining 297.77 points, to close at 26,143.59 points, with a valuation of SAR 162 million and an overall tally of more than 790,000 stocks traded and divided into as many as 5,123 deals.Source: Saudi Press Agency

Saudi Arabia and Iraq Strengthen Cooperation in Fields of Digital Economy and Digital Government

Business
Riyadh, Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met here today with Minister of Communications of the Republic of Iraq Arkan Shihab Al-Shaibani and the accompanying delegation, in the presence of Iraqi Ambassador to the Kingdom of Saudi Arabia Dr. Abdulsattar Al-Janabi.During the meeting, ways of strengthening cooperation between the two brotherly countries in the field of the digital economy and digital government were discussed.The meeting reviewed the leading Saudi experience in the fields of digital transformation and the development of communications and infrastructure, which contributed to enhance achieving advanced positions by the Kingdom of Saudi Arabia in this field, and supporting the expansion of the Saudi technology companies in th...

Saudi Arabia and Iraq Strengthen Cooperation in Fields of Digital Economy and Digital Government

Business
Riyadh, Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met here today with Minister of Communications of the Republic of Iraq Arkan Shihab Al-Shaibani and the accompanying delegation, in the presence of Iraqi Ambassador to the Kingdom of Saudi Arabia Dr. Abdulsattar Al-Janabi.During the meeting, ways of strengthening cooperation between the two brotherly countries in the field of the digital economy and digital government were discussed.The meeting reviewed the leading Saudi experience in the fields of digital transformation and the development of communications and infrastructure, which contributed to enhance achieving advanced positions by the Kingdom of Saudi Arabia in this field, and supporting the expansion of the Saudi technology companies in th...

Tesla raises Full Self Driving software price to $12,000 in U.S., Musk says

Business
Washington, Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk tweeted on Friday that the electric carmaker will raise the U.S. price of its advanced driver assistant software dubbed "Full Self Driving" to $12,000 on Jan. 17. The 20% price rise comes less than two years since Tesla raised Full Self-Driving (FSD) prices to $10,000 from $8,000 in 2020, Reuters reported. "Tesla FSD price rising to $12k on Jan 17. Just in the US." Musk tweeted. Musk also added that the monthly subscription price will rise when FSD goes to wide release. "FSD price will rise as we get closer to FSD production code release," he tweeted. Tesla has been expanding the release of a test version of its upgraded FSD software, a system of driving-assistance features - like automatically changing lanes and making turns...

Invest Saudi Briefs Businesses on the Kingdom’s Investment Opportunities during “Saudi Day” At Expo 2020

Business
As part of "Saudi Day" celebrations at Expo 2020, Invest Saudi, the Kingdom’s investment promotion platform overseen by the Ministry of Investment (MISA), has hosted the Saudi Arabia Business Briefing to showcase game-changing investment opportunities in the Kingdom’s business ecosystem.The event provided an opportunity for new and existing investors to explore the major untapped potential in the Kingdom, as new sectors continue to open up to investment and new structural reforms have streamlined the Saudi business environment, meeting the needs of a growing variety of investor types.Consisting of remarks from a consortium of presenters across multiple industries and sectors, the briefing provided the chance to learn more about initiatives facilitated by Vision 2030 such as the National I...

Saudi Fund for Development CEO Receives Djibouti’s Secretary of State for Housing

Business
Riyadh, CEO of the Saudi Fund for Development (SFD) Sultan bin Abdurrahman Al-Marshad met here today with Djibouti Secretary of State for Housing, Amina Abdi Aden and the accompanying delegation, currently on a visit to the Kingdom.During the meeting, they discussed issues of common interest and the existing development projects submitted by the Kingdom's government through SFD, which aim to contribute to achieving sustainable development in the Republic of Djibouti, in addition to discussing the challenges facing the progress of development projects and sustainable solutions for them.For her part, the Djibouti Secretary of State for Housing expressed her gratitude for the efforts made by the Kingdom's government for its contribution and support to development projects in Djibouti through ...