Saudi Arabia launches new SR30bn export bank
Energy, Industry and Mineral Resources Minister Khalid Al-Falih.
Dhahran - Arab Today
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.
Source: Arab News
- Friday ,16 November GMT 15:05 2018 World Bank Regional Vice President First Visit to West Bank and Gaza
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and Gaza
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 20:58 2016 Tuesday ,22 November
ADB, AIIB Approve $227m Loan for Bangladesh
GMT 04:05 2017 Wednesday ,08 November
Trump won't 'allow American cities to be threatened with destruction'
GMT 16:11 2018 Friday ,07 December
Iraqi singer Kadim Al Sahir returns to Dubai Opera stage
GMT 22:54 2017 Tuesday ,06 June
Oman economy: OTI to acquire 40% of Hass group stake
GMT 16:31 2017 Saturday ,22 April
11 killed in overnight violence in Venezuela capital
GMT 15:00 2017 Wednesday ,23 August
Call to file international lawsuit against Qatar backed
GMT 10:42 2017 Tuesday ,21 February
Intends to take measures against authority
GMT 23:26 2017 Monday ,20 March
Yemen authorities boost efforts to nab disguised militants in Al Mukalla
GMT 13:34 2017 Tuesday ,06 June
Actor Tariq Lotfy satisfied of “Between Two Worlds” delay
GMT 16:57 2017 Sunday ,12 February
Strong 6.3 earthquake jolts Pakistan coast
GMT 09:10 2017 Thursday ,28 September
Trump and Republicans roll out tax reform plan
GMT 00:31 2017 Tuesday ,05 September
Partly cloudy with slight drop in temperatures
GMT 06:36 2017 Thursday ,16 February
ready to deal positively with Trump’s administration to achieve peace
GMT 13:05 2017 Friday ,03 November
Syrian regime forces restore control on Deir Al Zour
GMT 15:41 2017 Tuesday ,05 September
Brazil police launch raids in Rio Olympics vote buying scheme
GMT 17:06 2017 Thursday ,20 April
Ammar Al Hakim praises Egypt’s role to ensure regional stability
GMT 02:23 2017 Saturday ,07 October
(June22nd-July23rd
GMT 19:26 2017 Monday ,15 May
Actress Tara Emad decided to participate in one drama work in Ramadan
GMT 14:06 2018 Friday ,07 December
Russian activist Butina about to enter plea deal in US courtGMT 12:35 2012 Friday ,01 June
Journey through cherry orchards of Pella
GMT 09:14 2016 Wednesday ,14 September
Clinton Expected Back on Campaign Trail Friday
GMT 07:36 2017 Friday ,29 December
Obama most admired man among Americans: Gallup poll
GMT 00:22 2017 Sunday ,23 April
Indian stewardess hurt in Brussels terror attack eager to fly
GMT 05:20 2017 Wednesday ,25 October
Trump feud with key senator overshadows tax push
GMT 00:04 2017 Friday ,10 November
Airbus nears deal to sell over 30 A380s
GMT 15:13 2016 Thursday ,08 September
Apple’s iPhone 7 has a better camera, repels water and dust
GMT 17:17 2016 Tuesday ,26 January
Verdict in Safwat el-Sherif profiteering case on May 28
GMT 08:23 2017 Saturday ,05 August
UAE participates in 8th Francophone Games
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor