With $ 8 billion
Saudi to open a new export bank
Minister Khalid Al-Falih
Riyadh - Emirates Voice
Energy, Industry and Mineral Resources Minister Khalid Al-Falih announced the launch of a new export bank with SR30 billion ($8 billion) in capital to boost the Kingdom’s exports, the Saudi Press Agency (SPA) reported.
Khalid Al-Falih said SR5 billion was allocated to the new bank as the first capital payment. Stressing the importance of government funding for industrial and mineral projects, he said the capital of the Saudi Industrial Development Fund (SIDF) was increased from SR500 million to SR65 billion this year.
His remarks came at the annual Iktifaa forum organized by Saudi Aramco, in the presence of Eastern Region Gov. Prince Saud bin Naif. The forum is a platform to examine ways to streamline spending with a view to stimulating industrial and logistical development in the Kingdom and promoting national cadres.
In the next 10 years, Saudi Aramco will spend over SR1 trillion on its capital projects and operational purchases, Al-Falih said
GMT 07:27 2018 Sunday ,07 January
Saudi boosts citizen benefits as taxes biteGMT 05:54 2017 Saturday ,23 December
Saudi-Sudanese Deal to Ease TransfersGMT 06:56 2017 Wednesday ,20 December
Saudi and Russia expnad food integrationGMT 10:02 2017 Thursday ,14 December
Saudi filmmakers, businessmen eye returnGMT 07:58 2017 Wednesday ,15 November
Saudi-Russian missile deal set
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 01:59 2017 Saturday ,01 July
Why the Middle East is great for the Internet of Things
GMT 18:47 2017 Sunday ,07 May
Egyptian media host
GMT 06:06 2017 Friday ,05 May
Congress Passes Bill to Repeal Obamacare
GMT 06:37 2017 Wednesday ,29 November
Victoria becomes first Australian state to legalise euthanasia
GMT 15:25 2016 Saturday ,09 April
Over 200,000 people didn't get relief in hard-to-reach areas or in besieged areasGMT 10:36 2011 Friday ,15 July
Sony posts 50 million euro net loss
GMT 13:00 2016 Saturday ,01 October
Hanks, Streep on star-studded guest list
GMT 14:38 2017 Wednesday ,08 March
Women an integral part to the Palestinian struggle
GMT 16:56 2017 Tuesday ,17 October
HRH Crown Prince attends Inaugural BIDEC 2017
GMT 22:37 2016 Tuesday ,16 August
Records, comebacks and swimming's new idol in Rio
GMT 06:02 2017 Monday ,06 February
US utilities seek sun as Trump sides with coal, fossil fuels
GMT 07:41 2017 Thursday ,16 February
Morocco Takes Part in Prague International Fair ‘Holiday World’
GMT 08:32 2015 Thursday ,02 July
MBRF unveils details of books by Emirati writers about Japan
GMT 05:45 2017 Thursday ,16 February
SoftBank to buy Fortress Investment for $3.3bn
GMT 08:43 2016 Wednesday ,13 April
Turkish border town hit by new rocket fire from Syria
GMT 06:59 2018 Saturday ,20 January
Egypt's President Sisi says will stand for re-election
GMT 17:18 2013 Wednesday ,11 December
Living room design
GMT 15:56 2014 Thursday ,18 September
20 daily habits to enrich your life
GMT 08:29 2017 Thursday ,09 February
Aussie astronomer part of world 1st discovery of "middleweight" black hole
GMT 15:00 2017 Thursday ,30 November
The 'Godfather of Shanghai football' inspired by Manchester Utd
GMT 11:02 2016 Sunday ,02 October
NAMA Women Advancement Convenes
GMT 12:50 2016 Friday ,07 October
Female speedsters take
GMT 13:20 2017 Wednesday ,22 November
Mladic to appeal life sentence, says son
GMT 21:11 2017 Friday ,06 October
OPEC daily basket price for Thursday, 5th October, 2017
GMT 12:56 2017 Saturday ,04 November
Dow, S&P 500, Nasdaq end at records on strong Apple resultsGMT 05:49 2012 Monday ,02 April
Free formula, for South Africa\'s HIV-positive mothers
GMT 12:35 2014 Wednesday ,24 September
Microsoft to launch Xbox One in China in days
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor