Sunday 25 September 2016
 
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Saudi Arabia approves 100pc foreign retail ownership

In a major move, Saudi Arabia's cabinet has given approval to a rule allowing foreign investors to own 100 per cent of the retail and wholesale businesses in the kingdom, the official SPA news agency said. The cabinet had earl

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Former Sagia chief named Saudi envoy to US

Saudi Arabia's new ambassador to the US is Prince Abdullah bin Faisal bin Turki Al Saud, a British-educated former head of the kingdom's investment authority and of a commission on industrial cities, state media reported on Wednesday.

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Former Sagia chief named Saudi envoy to US

Saudi Arabia's new ambassador to the US is Prince Abdullah bin Faisal bin Turki Al Saud, a British-educated former head of the kingdom's investment authority and of a commission on industrial cities, state media reported on Wednesday.

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US-Saudi forum to highlight investments

The Saudi Arabian General Investment Authority (Sagia) and the US-Saudi Business Council will host a forum in Washington, DC on Friday to highlight investment opportunities in the Kingdom, a report said. The US-Saudi Investment Fo

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Sadara Chemical gets top investment rating

Saudi Arabia-based Sadara Chemical Company (Sadara) has been classified as “Strategic” by the Saudi Arabian General Investment Authority (Sagia), the governmental entity established to oversee investment affairs in the kingdom.

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Khaled Juffali acquires overseas partner’s shares

A joint venture between Khaled Juffali Company and Etimaad Engineering has now transitioned to a 100 per cent Saudi-owned entity as Khaled Juffali Industrial Company (KJIC). Khaled Juffali has acquired all the shares of Etimaad, i

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Key projects: Saudi eases rules for foreign firms

Saudi Arabia has approved a number of steps that could ease the participation of major international companies in the kindgom's key projects, the official Saudi Press Agency has said. The measures announced by the Cabinet yest

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Apple gets license to operate in Saudi directly

The Saudi Arabian General Investment Authority (Sagia) has awarded a license to Apple to operate directly in Saudi Arabia, said a report.   A new Apple subsidiary – Saudi Arabia Apple Company, will speciali

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Saudi 'allows foreign investment in gas stations'

Saudi government will allow foreign investors to build and operate gas and service stations, local media report quoting government sources said. The investors in this sector will have to get licenses from the Saudi Arabian General

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Major commerce forum opens in Riyadh

Around 2,000 delegates and hundreds of business leaders from around the world will share their opinions on entrepreneurship at the ongoing sixth Global Competitiveness Forum (GCF) in Riyadh. GCF is organised by the Saudi Arabian General In

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