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 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 15:23 2018 Thursday ,30 August
School bus safety to be enhanced under new transport master planGMT 10:51 2011 Friday ,18 November
Experts advise on managing climate change aid
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 03:01 2016 Wednesday ,08 June
Space feat opens 'new window'
GMT 09:10 2017 Monday ,15 May
President el-Sisi praises UAE's development support to Egypt
GMT 02:21 2016 Monday ,26 December
Head of ERTU news sector: Aljazeera correspondent works
GMT 11:53 2017 Saturday ,27 May
Scholars arrive in UAE for Ramadan lectures
GMT 19:32 2017 Friday ,10 February
Partly cloudy, no change in temperatures
GMT 19:55 2018 Sunday ,14 January
Hamas says will not attend Palestinian meeting over Jerusalem
GMT 21:54 2017 Monday ,16 October
Daimler recalls million-plus vehicles over airbag problems
GMT 18:25 2017 Thursday ,24 August
Mohamed Amseef happy for joining team
GMT 09:36 2017 Thursday ,07 December
Heidy Karam’s contract to present talk show closeGMT 12:56 2011 Sunday ,18 September
Talal Hamieh appointed new Hezbollah military leader
GMT 05:13 2016 Wednesday ,19 October
YouTube signs up ‘The Rock’ for new channelGMT 15:34 2011 Friday ,18 November
UN :Climate change key driver of extreme weather
GMT 04:07 2016 Tuesday ,06 September
G20 leaders agree to further int'l financial institution reform: Xi
GMT 19:47 2017 Monday ,23 October
Arab Diplomatic Group presents talk on women
GMT 16:54 2016 Saturday ,16 April
NCMS forecast sporadic rainfall in western Abu Dhabi, rough seas
GMT 21:08 2016 Monday ,28 November
Vietnam Reports 93 Zika Cases so Far
GMT 21:09 2017 Sunday ,29 January
Mohammed bin Rashid performs funeral prayerGMT 07:32 2013 Wednesday ,22 May
AFP journalist is set freeGMT 14:16 2013 Tuesday ,09 April
Egyptian satirist released on bail
GMT 15:18 2017 Thursday ,08 June
UAE Weather: Residents can expect high temperature, blowing dust
GMT 07:31 2017 Thursday ,16 February
Suicide Bombing Kills 13 in Peshawar, Pakistan
GMT 07:39 2017 Saturday ,09 September
Bahraini students warned to leave Florida
GMT 03:03 2017 Thursday ,27 July
Terror group investigations completed
GMT 21:01 2016 Saturday ,27 August
Confucius Institute contributes to Malagasy youth education, employment
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