Updated 06 December 2022 . January 6,1 C. The second day of the forumwill witness the holding of five dialogue sessionsrevolving aroundthe national industry and its role in facing risks,business facilitation and its role in the economy,the impact of tourism and culture on economic development,and the impact of the budget on empowering women. Yanbu is an important petroleum shipping terminal and is home to three oil refineries, a plastics facility and several other petrochemical plants. Gulf Engineering & Consultants is working as the consultant on the project. But the Meccan caravan had already passed. Savvy Games Group, a firm owned by Saudi Arabias Public Investment Fund, unveiled investments worth SR142 billion ($37.8 billion) to transform the Kingdom into a global gaming hub with world-class gaming companies. WebYanbu (Arabic: , romanized: Yanbu', lit. Located in Jumeirah 2, the development will be a low-rise 14-storey building overlooking Safa Park. WebZoom Earth visualizes global weather in real-time. This edition was focusedonthe future of the entertainment industry, bringing togetherexpertsto discuss opportunities across sectors such as gaming, media, music, sport, design, tourism, and hospitality, with a key consideration on increasing investment in Saudi Arabia. RIYADH:The private sector is considered a key driver in boosting Saudi Arabiasgross domestic productand helpingit become a productive economy,saidSaudiFinance Minister MohammedAljadaanduring the2023 Budget Forumorganizedto reviewthe performance of the government for the year 2022. Yanbu (Arabic: , romanized:Yanbu', lit. Expressing his views on the general budget, the Saudi National Bank Chairman AmmarAlkhudairysaid there are several things that reflect positively on the citizens and economic system in the Kingdom including the fact that jobs have been created as well as small and medium enterprises growing by 10 percent. The clean electricity produced in Tataouine will be sold to Societe Tunisienne de lElectricite et du Gaz under a 20-year agreement. The companys share price on Sunday closed 0.45 percent higher to end at SR33.50. College of Computer Science & Engineering at Yanbu, "Lawrence of Arabia's Saudi home restored as tourist attraction after decades of neglect", "Yanbu Commercial Port Yanbu Commercial Port", https://en.wikipedia.org/w/index.php?title=Yanbu&oldid=1111396590, Populated places in Medina Province (Saudi Arabia), Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 20 September 2022, at 19:46. Saudi Arabia on Wednesday announced a larger-than-expected budget surplus of SR102 billion ($27.13 billion) for 2022 SR12 billion higher than previously forecast. Watch LIVE satellite images with the latest rainfall radar. Nasser Lootah, executive vice president of generation (power and water) division at DEWA, said that the station is equipped with the latest systems and technologies to reduce emissions to the minimum. National Dewatering & Land Draining Co.has been appointed as the piling contractor. The state-backed utility, better known as Marafiq, received regulatory approval for the public float on September Average minimum and maximum temperature over the year 2. Yanbu Cement Co., however, brought some cheer to its shareholders as it declared a 7.5 percent cash dividend, at SR0.75 per share, for the second half of 2022. Saudi National Development Fund launches operations atSMEBank, New Italian-built power plant opens in Tunisia, Closing Bell: TASI plunges 108 points as capital goods index plummets by 4%, SaudiFinanceMinistrycalls for greaterprivate participation as itreviews2023budget, UAE In-Focus DEWA completes 93% of 4th phase of H-Station in Al Aweer; Etihad to reintroduce 4 A380s, Ministry Of Investment holds Catalyze Saudi event to boost SME funding, Beijing no longer requires COVID test results to enter supermarkets, buildings, Chinese cities relax testing rules as zero COVID-19 policy eases, Beijing, Shenzhen scrap COVID-19 tests for public transport, Saudi FM: All bets off if Iran gets nuclear weapon, King Salman receives message from Qatar emir, Lebanese astrologer predicted an Arab team in World Cup semifinals, Balad Beast concludes on a high note in historic Jeddah, Young Saudi tennis players see sport gaining popularity in the KSA, Saudi Tourism Development Fund launches program to support 10,000 SMEs, Saudi SMEs need to transform into resilient, tech-savvy operations to go global: KPMG, Italy to become energy hub of Europe under EU-Tunisian power line plans, Italy to help set up bio territories in Tunisia, PIFs National Water Co. launches $23m environmental project in Qassim, Oil Updates Crude prices down; OPEC+ plays crucial role in supporting market stability, Saudi governorshailKingdoms surplusbudgetas it set topropeleconomicgrowth, Budget 2023: Saudi Arabia exceeds surplus estimate and revises up GDP forecast, UAE In-Focus Global trade surges 19% in first 9 months of 2022, AI and digital economy development key part of Saudi-China partnership plan, SMEs in KSA jump 9.3% in Q3 driven by healthy entrepreneurial ecosystem, Driven by strong incubation programs, Saudi gaming startups double in 2022, Calls mount on Malaysia to rescue 160 Rohingya refugees stranded at sea, How a British explorers search for an ancient lost Arabian city uncovered a traveler from the stars instead, China and GCC natural partners for cooperation, Chinese President Xi Jinping tells Riyadh summit, GCC Supreme Council lauds Saudi convening of summits, looks forward to strengthening cooperation with China, Photovoltaic plant in Tataouine will generate 20 GWh of energy per year, Comes after EU green light on 200 km underwater power line connecting Italy and Tunisia. The Kingdom also upwardly revised the growth of its gross domestic product to 8.5 percent for 2022, compared with the 7.5 percent estimated in December 2021 and the 8 percent forecast in the pre-Budget statement published at the end of September. 2022 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. On the announcements front, Saudi National Bank declared the completion of capital hike procedures with Credit Suisse Group. Besides the real estate investment trusts, the utilities were the only sector that bucked the trend. This comes asSaudi Arabias bumper budget surplus received thumbs up from the Kingdoms governors as they term it a reflection of the strength and durability of the economy that will go long way to improve the lives of its citizens. On July 27, 1916 the Ottoman garrison surrendered in the Capture of Yanbu to the Arab revolutionary forces. The report further noted that dedicated policies to invest in emerging technologies have also triggered innovation and job creation in the SME sector. Furthermore,herevealed thatSaudi Arabia has managed to control inflation by capping energy pricesastheyspenttens of billionsof dollars tocompensateSaudi Aramco for selling fuel locally at lowerthan theinternational price. Sources and Acknowledgements The company will be doling out SR118.13 million on Dec. 29. Ministers signed off the transfer ofKafalahSME Loan Guarantee Program fromMonsha'atto SME Bank. The plant is a hybrid generation system, one of the most innovative and efficient in the world. Savvy Games Group, a firm owned by Saudi Arabias Public Investment Fund, unveiled investments worth SR142 billion ($37.8 billion) to transform the Kingdom into a global gaming hub with world-class gaming companies. Most of the residents tend to be lower and middle-class Saudi citizens, and well as mostly South Asian and lower and middle-class Arab and other Middle Eastern expatriates. RIYADH:The private sector is considered a key driver in boosting Saudi Arabiasgross domestic productand helpingit become a productive economy,saidSaudiFinance Minister MohammedAljadaanduring the2023 Budget Forumorganizedto reviewthe performance of the government for the year 2022. Tourism is the most powerful generator of jobs in developing and poor countries, said Caldern, adding: The idea is not to stop tourism, we need tourism but in a sustainable way. WebThe weather cools down at night in mid-September until the cold becomes more intense in December and January, and the average maximum temperature in winter is 18 C and the lowest 5 C, while summer is the average maximum temperature is 48 Saudi Arabia thinking about the world with sustainable tourism moves: Ex-Mexico president, New Italian-built power plant opens in Tunisia, Closing Bell: TASI plunges 108 points as capital goods index plummets by 4%, SaudiFinanceMinistrycalls for greaterprivate participation as itreviews2023budget, UAE In-Focus DEWA completes 93% of 4th phase of H-Station in Al Aweer; Etihad to reintroduce 4 A380s, Ministry Of Investment holds Catalyze Saudi event to boost SME funding, Beijing no longer requires COVID test results to enter supermarkets, buildings, Chinese cities relax testing rules as zero COVID-19 policy eases, Beijing, Shenzhen scrap COVID-19 tests for public transport, Artists bring regions rich history to life at Misk Art Week, US forces kill two Daesh officials in Syria raid, Gifted young Saudis key focus of 2nd Mawhiba global conference, Award-winning designer Zac Posen presents fashion masterclass in Riyadh, Makkah Clock Royal Tower to launch childrens nursery in Ramadan, Egyptian envoy highlights importance of attracting more Russian tourists to Egypt, Japanese companys lander rockets toward moon with UAE rover, Lebanese religious leader slams MPs for failing nations people, world, Maaden wants to become the third pillar of Saudi Arabias economy: CEO, Interpols cybercrime chief eyes Middle East duty station as he steps up battle against hackers, Italy to become energy hub of Europe under EU-Tunisian power line plans, Italy to help set up bio territories in Tunisia, PIFs National Water Co. launches $23m environmental project in Qassim, Oil Updates Crude prices down; OPEC+ plays crucial role in supporting market stability, Saudi governorshailKingdoms surplusbudgetas it set topropeleconomicgrowth, Budget 2023: Saudi Arabia exceeds surplus estimate and revises up GDP forecast, UAE In-Focus Global trade surges 19% in first 9 months of 2022, AI and digital economy development key part of Saudi-China partnership plan, SMEs in KSA jump 9.3% in Q3 driven by healthy entrepreneurial ecosystem, Driven by strong incubation programs, Saudi gaming startups double in 2022, Russia sought to swap ex-US Marine for assassin held in Germany, Delta Hotels by Marriott debuts 100th property in Dubai, A political compromise offers renewed promise of realizing Sudanese aspirations, How a British explorers search for an ancient lost Arabian city uncovered a traveler from the stars instead, China and GCC natural partners for cooperation, Chinese President Xi Jinping tells Riyadh summit, Photovoltaic plant in Tataouine will generate 20 GWh of energy per year, Comes after EU green light on 200 km underwater power line connecting Italy and Tunisia. The second day of the forumwill witness the holding of five dialogue sessionsrevolving aroundthe national industry and its role in facing risks,business facilitation and its role in the economy,the impact of tourism and culture on economic development,and the impact of the budget on empowering women. WebKing Abdulaziz International Airport (KAIA) (Arabic: ) (IATA: JED, ICAO: OEJN) is an international airport serving Jeddah, Saudi Arabia, also known as "Jeddah International Airport"(Arabic: ).. The two-day event that began on Dec. 11 was attended byas many as 30 officials from the government and private speakerstodiscussthe impact of government services on citizens and the private sectorbesidesaddressingthe plans and future projects of the entities present. Saggio said that the inauguration of this plant comes after the recent green light from the EU on funding the 200-km-long underwater power line project connecting Italy and Tunisia to import electricity generated from renewable energy sources. WebHafar al-Batin (Arabic: afar al-Bin), also frequently spelled Hafr al-Batin, is a Saudi Arabian city in the Eastern Province.It is located 430 km north of Riyadh, 94.2 km from the Kuwait border, and about 74.3 from the Iraq border. Damac Properties has announced the launch of Cavalli Couture, a $90 million ultra-luxury branded residence on the banks of Dubai Water Canal. While the finance industry was historically the most attacked sector across the world, recent years have seen the focus diverted to the manufacturing and energy and utility industries. Alkhudairystressed that SME Bank will have a crucial role to play in the process. This edition was focusedonthe future of the entertainment industry, bringing togetherexpertsto discuss opportunities across sectors such as gaming, media, music, sport, design, tourism, and hospitality, with a key consideration on increasing investment in Saudi Arabia. Its known for its dates festival which is the biggest in the world with various types of dates. The companys share price on Sunday closed 0.45 percent higher to end at SR33.50. Toyota Motor Corporation's cars are seen at a briefing on the company's strategies on battery EVs in Tokyo, Japan, on December 14, 2021. Saudi Crown Prince Mohammed bin Salman recently announced the Kingdoms ambition to see 30 competitive games developed by firms in the Kingdom by 2030 as part of the countrys national gaming and esports strategy. Talking about the Kingdom's housing sector, the countrysMinister of Municipal and Rural Affairs and HousingMajed Al-Hogailrevealed thatithas served1.4 millionfamilies,withhome ownership rates going as planned. The second day of the forumwill witness the holding of five dialogue sessionsrevolving aroundthe national industry and its role in facing risks,business facilitation and its role in the economy,the impact of tourism and culture on economic development,and the impact of the budget on empowering women. Yanbu has an international airport (code YNB) that was upgraded in 2009. The advance-decline ratio of the benchmark index also took a huge hit, with 183 stocks of the listed 219 dropping while 27 gained. Likewise, on Sunday, the Consumer Durables and Apparel Index fell 3.49 percent to finish at 4,214 points, while the Real Estate Management and Development Index tumbled 2.94 percent to wind up at 2,566.97 points. The clean electricity produced in Tataouine will be sold to Societe Tunisienne de lElectricite et du Gaz under a 20-year agreement. This will make it harder for cyber criminals to steal credentials, the general manager stressed. The natural harbour is protected on both sides by wide coral reefs. ROME: A new 10 MW photovoltaic plant has started production in Tunisia. The clean electricity produced in Tataouine will be sold to Societe Tunisienne de lElectricite et du Gaz under a 20-year agreement. With regard to families most in need of housing,the ministersaid theywere able to pump more than 30,000 housing units, andwe will continue with this approach until we reach 70,000 housing units this year and next.. This comes asSaudi Arabias bumper budget surplus received thumbs up from the Kingdoms governors as they term it a reflection of the strength and durability of the economy that will go long way to improve the lives of its citizens. Besides the real estate investment trusts, the utilities also bucked the trend. Damac Properties has announced the launch of Cavalli Couture, a $90 million ultra-luxury branded residence on the banks of Dubai Water Canal. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. Helles, at the foot of the peninsula, was the main landing area.With gunfire support from the Royal Navy, the 29th Division was to The Radwah Mountain is very visible anywhere in the town. Toyota Motor Corporation's cars are seen at a briefing on the company's strategies on battery EVs in Tokyo, Japan, on December 14, 2021. The clean electricity produced in Tataouine will be sold to Societe Tunisienne de lElectricite et du Gaz under a 20-year agreement. In a statement to Tadawul, the Saudi bank said that as of Dec.9, it held 9.88 percent of the Swiss banks shares. WebZoom Earth visualizes global weather in real-time. Average monthly precipitation over the year (rainfall, snow) 3. He added thatnext year they will increase to 1 percent. Launched in March 2022,Catalyze Saudi is an engagement platform to encouragetheexploration of opportunities within the VC and PE ecosystem in Saudi Arabia. The two-day event that began on Dec. 11 was attended byas many as 30 officials from the government and private speakerstodiscussthe impact of government services on citizens and the private sectorbesidesaddressingthe plans and future projects of the entities present. It also receives pilgrims. The plant is a hybrid generation system, one of the most innovative and efficient in the world. November 12,2 C. He noted that the projects work is progressing according to schedule, while maintaining the highest levels of health, safety, quality, and efficiency. SNB shares closed 2.03 percent higher to SR47.85. The scheme is set to be awarded in January 2024 and completed in December 2025. It was inaugurated with a ceremony in the presence of the Minister of Industry, Energy and Mines of Tunisia Neila Gonji, the Italian Ambassador in Tunisia Fabrizio Saggio and local authorities. [11], "Yambu" redirects here. 2022 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. However, the parallel market Nomu on Sunday declined 232 points to stop at 18,534.86. WebJazan (Arabic: , romanized: Jzn), also spelled Jizan (Arabic: , romanized: Jzn), Gizan or Gazan, is a port city and the capital of Jizan Region, which lies in the southwest corner of Saudi Arabia and directly north of the border with Yemen.. Jazan has one of the largest mega projects market in the kingdom with significant infrastructure projects worth Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. The companys share price on Sunday closed 0.45 percent higher to end at SR33.50. The three-day event, which began on Dec. 9 inAlUlaand culminated in Riyadh, is powered bythe Ministry of Investment of Saudi Arabiaand Jada Fund of Funds. It has been called the city of The total trading turnover was SR3.05 billion. This comes as industrial SMEs in Saudi Arabia are urged to transform into resilient and technologically savvy operations in order to go global and be able to compete internationally, according to a report by the multinational professional services network KPMG. Extensive government and private development have taken place at the port and surrounding area, which is based on the petrochemical industry. The company last Thursday signed a series of agreements with nine Chinese entities, laying the ground for financing and constructing its renewable energy projects in Saudi Arabia and Belt and Road Initiative countries. Saudi Crown Prince Mohammed bin Salman recently announced the Kingdoms ambition to see 30 competitive games developed by firms in the Kingdom by 2030 as part of the countrys national gaming and esports strategy. It will add to DEWAs current installed capacity of 14,317 MW of electricity. Catalyze Saudi aims to support the growth of Saudi Arabias startup and entrepreneurship ecosystem. March 7,8 C. The Utilities Index rose 126.72 points to close at 6,715 points, buoyed by ACWA Power which increased 4.3 percent to cease at SR138 ($36.70). This comes asSaudi Arabias bumper budget surplus received thumbs up from the Kingdoms governors as they term it a reflection of the strength and durability of the economy that will go long way to improve the lives of its citizens. Saeed Mohammed Al-Tayer, managing director and CEO of DEWA, said that this project is one of DEWAs key projects to meet the reserve margin criterion set for peak electricity demand in Dubai. It also touched upon issues relating tothe impact of enabling investment on economic growth,andstrengthening thetechnologysector to enable the digital economy. The total trading turnover was SR3.05 billion. Many residents are foreign expatriates working in the oil refineries and petrochemical industry, He appointed Abu Salamah Ibn Abd al-Assad to take his place in Medina while he was away commanding another raid. It will add to DEWAs current installed capacity of 14,317 MW of electricity. RIYADH: The second edition of the Catalyze Saudi event saw entrepreneursand investorsfrom around the world gatheringtoexplore venture capital, private equity and other investment partnership opportunities in the Kingdom. Former Mexico president Felipe Caldern (Screenshot). Yanbu Cement Co., however, brought some cheer to its shareholders as it declared a 7.5 percent cash dividend, at SR0.75 per share, for the second half of 2022. WebThe airport is named for King Fahd (r. 19822005), under whose reign it was constructed and inaugurated.Design of the airport building began in 1976. The index declined 12 percent over the last month since Nov.10, when it ended at 5,967.17. WebThe airport is named for King Fahd (r. 19822005), under whose reign it was constructed and inaugurated.Design of the airport building began in 1976. Yanbu served as a supply and operational base for Arab and British forces fighting the Ottoman Empire during World WarI. Etihad is currently preparing the aircraft to fly again, and part of this preparation includes the recruitment and training of A380 teams, including pilots, cabin crew and technical ground staff. Catalyze Saudi aims to support the growth of Saudi Arabias startup and entrepreneurship ecosystem. Saeed Mohammed Al-Tayer, managing director and CEO of DEWA, said that this project is one of DEWAs key projects to meet the reserve margin criterion set for peak electricity demand in Dubai. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. The airport is the third-largest and the busiest airport of Saudi Arabia, serving more than 41 million passengers in 2018. The fourth phase has an aquarium.[7]. Saudi British Bank on Sunday announced the repurchase of up to 1 million ordinary shares to be allocated for the long-term employee stock incentive plan. He also concluded another treaty that was made with Banu Damrah previously. 2022 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. Moreover, the SME sector is perceived as a vital economic engine, a key generator of new employment, and the foundation of the global economy, senior vice president of technical services at Aramco, Ahmad AlSaadisaid,in an exclusive interview with Arab Newsearlier. Further growth followed Chinas induction into the World Trade Organization in December 2001, stimulating a surge in value worth $520.24 billion over a period of just five years. IBMto help tighten Saudi Arabias cybersecurityas hackers target supply chains: General manager, New Italian-built power plant opens in Tunisia, Closing Bell: TASI plunges 108 points as capital goods index plummets by 4%, SaudiFinanceMinistrycalls for greaterprivate participation as itreviews2023budget, UAE In-Focus DEWA completes 93% of 4th phase of H-Station in Al Aweer; Etihad to reintroduce 4 A380s, Ministry Of Investment holds Catalyze Saudi event to boost SME funding, Beijing no longer requires COVID test results to enter supermarkets, buildings, Chinese cities relax testing rules as zero COVID-19 policy eases, Beijing, Shenzhen scrap COVID-19 tests for public transport, Artists bring regions rich history to life at Misk Art Week, US forces kill two Daesh officials in Syria raid, Gifted young Saudis key focus of 2nd Mawhiba global conference, Award-winning designer Zac Posen presents fashion masterclass in Riyadh, Makkah Clock Royal Tower to launch childrens nursery in Ramadan, Egyptian envoy highlights importance of attracting more Russian tourists to Egypt, Japanese companys lander rockets toward moon with UAE rover, Lebanese religious leader slams MPs for failing nations people, world, Cyber threats faced by children should be a wake-up call for social media firms: thinktank CEO, Saudi Arabia and India set to deepen cybersecurity ties: top Indian official, Italy to become energy hub of Europe under EU-Tunisian power line plans, Italy to help set up bio territories in Tunisia, PIFs National Water Co. launches $23m environmental project in Qassim, Oil Updates Crude prices down; OPEC+ plays crucial role in supporting market stability, Saudi governorshailKingdoms surplusbudgetas it set topropeleconomicgrowth, Budget 2023: Saudi Arabia exceeds surplus estimate and revises up GDP forecast, UAE In-Focus Global trade surges 19% in first 9 months of 2022, AI and digital economy development key part of Saudi-China partnership plan, SMEs in KSA jump 9.3% in Q3 driven by healthy entrepreneurial ecosystem, Driven by strong incubation programs, Saudi gaming startups double in 2022, Russia sought to swap ex-US Marine for assassin held in Germany, Delta Hotels by Marriott debuts 100th property in Dubai, A political compromise offers renewed promise of realizing Sudanese aspirations, How a British explorers search for an ancient lost Arabian city uncovered a traveler from the stars instead, China and GCC natural partners for cooperation, Chinese President Xi Jinping tells Riyadh summit, Photovoltaic plant in Tataouine will generate 20 GWh of energy per year, Comes after EU green light on 200 km underwater power line connecting Italy and Tunisia. November 12,2 C. Opportunities in the entertainment sector are ample, with Saudi Arabia recently announcing its intentions to become a global hub for gaming and esports. Yanbu Al Sinaiyah is home to Yanbu Industrial College, created for training and imparting knowledge for the students and workforce of the industry. In a statement to Tadawul, it said the bank would finance the repurchase from its internal resources. The total area of this project is 12km. National Dewatering & Land Draining Co.has been appointed as the piling contractor. 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