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 14:06 2018 Wednesday ,17 October
Russian cosmonaut praises US astronaut Hague’s during Soyuz failure
GMT 16:01 2017 Tuesday ,21 March
High-achieving Emirati siblings geared up to accomplish very different goals
GMT 03:40 2017 Sunday ,12 March
Nato to open regional centre in Kuwait
GMT 20:13 2017 Wednesday ,04 October
Prince Faisal bin Al Hussein receives UAE Ambassador to Jordan
GMT 11:12 2017 Sunday ,26 March
Iran says to sanction 15 US companies for Israel ties
GMT 00:17 2017 Monday ,24 April
Algeria summons Moroccan ambassador in row over Syrian refugees
GMT 19:41 2017 Wednesday ,18 October
UAE named member of Federation of News Agencies of OIC Member States
GMT 22:32 2017 Tuesday ,09 May
Mental health The debilitating effects of depression A personal account
GMT 10:17 2017 Thursday ,23 March
US to set up zones for refugees in fight against ISIS
GMT 11:08 2017 Friday ,08 September
Ahsan asks protesters to respect red zone’s sanctity
GMT 15:12 2017 Friday ,25 August
Minister wants uniform tariff for online, conventional taxi services
GMT 13:27 2017 Monday ,18 September
Belgium shatter Aussie Davis Cup dream, face France in final
GMT 19:24 2017 Wednesday ,11 October
Spanish government holds crisis meeting
GMT 20:44 2017 Monday ,12 June
Video of Saif al Islam's release goes viral on Social media
GMT 01:37 2017 Monday ,09 January
Why some artists no longer want to be famous
GMT 04:54 2017 Wednesday ,27 September
Egypt concert-goers arrested for raising rainbow flag
GMT 12:30 2017 Monday ,11 September
Clashes continue in Raqqa as the regime forces are close
GMT 23:40 2017 Saturday ,29 April
Venezuela Officially Moves to Leave Organization of American States
GMT 08:15 2017 Monday ,03 April
Foreign Ministry Undersecretary Meets France Deputy Permanent Representative to UNGMT 13:45 2011 Wednesday ,24 August
Want to be an Arab Idol
GMT 22:22 2017 Monday ,17 April
Google to open up Android to rivals in out-of-court deal with Russia
GMT 03:48 2017 Wednesday ,01 March
Egypt's wheat reserves enough to last for five months: Supply minister
GMT 05:27 2017 Thursday ,14 December
British city refuses licence for Uber
GMT 02:14 2017 Friday ,03 February
Turkish Parliament to debate greater powers for president
GMT 12:51 2017 Thursday ,02 March
Bahrain Bourse daily trading report
GMT 07:03 2017 Monday ,21 August
Saudi Airlines asked Qatar's permission to transport pilgrims
GMT 08:14 2017 Monday ,13 February
UAE markets to remain closed on Sunday, December 11
GMT 01:02 2017 Wednesday ,26 July
Police ready to help rescue Indonesians
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