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Riyadh
Tuesday, April 20, 2021
CITC building The Communications and Information Technology Commission (CITC) released its report on internet speeds in the Kingdom (Meqyas) for Q4 2020. The report compared the speeds of service providers in the Kingdom through download, upload and 5G, ranking the best performing operators in each region. Saudi Telecom Co. (stc) came in the first place…
Ministry of Human Resources and Social Development Logo Saudi Arabia's Ministry of Human Resources and Social Development (HRSD) urges employees at the public, private, non-profit sectors to apply the precautionary and preventive measures, including the physical distancing, to limit the spread of coronavirus at workplaces and ensure the safety of employees. The Ministry stresses the…
The market capitalization of the Saudi Stock Exchange (Tadawul) decreased by 2.2% to about SAR 8.895 trillion in the week ending Feb. 4, compared to the week before, according to data issued by Tadawul. Foreign investors' ownership accounted for 2.35% of the total market capital.   Ownership Value by Nationality & Investor Type (SAR bln) Variation Feb. 4…
Qualified foreign investors (QFIs) were net buyers of SAR 150.8 million worth of stocks on the Saudi Stock Exchange (Tadawul) in the week ending Feb. 4, 2021, according to recent data issued by the Saudi bourse. Foreign investors sold SAR 29.8 million worth of shares through swap agreements.   Saudi corporates were net purchasers of…
Interior Ministry Spokesperson Talal Al-Shalhoub Saudi Arabia’s decision on imposing COVID-19 curfew depends on society, Interior Ministry Spokesperson Lt. Col. Talal Al-Shalhoub said in the COVID-19 briefing. Violations of precautionary measures increased by 72%, Al-Shalhoub added, noting that the ministry is still monitoring more violations.  The security authorities continue to clamp down on all violators. Meanwhile, Al-Shalhoub…
As many as 29 Tadawul-listed companies are trading above three-month average, according to data compiled by Argaam. Companies Trading above 3-Month Average (Shares/Units) Company/Fund Trading average (3-month) Today’s trading Variation Al-Jouf Agricultural 569615 3271401 474% Arab Sea 1403637 4551978 224% Taleem REIT 141445 457517 223% Al Alamiya 1077359 3323265 208% MIS 487930 1464701 200% Qassim…
Saudi Minister of Transport Saleh Al-Jasser Saleh Al-Jasser, Saudi Minister of Transport, said the contractor will bear the costs of repairing Haramain High-Speed Railway station in Jeddah, and will complete the repairs before the next Hajj season. On his official Twitter account, the minister said: "I am pleased to see work progress, and we will…
 COVID-19 check at a Ministry of Health lab Saudi Arabia recorded 386 COVID-19 cases today, Feb. 6, bringing the total number of confirmed cases to 369,961, the Ministry of Health stated. Recoveries reached 283, raising the total number of recovered cases to 361,237 (98% of total COVID-19 cases). Active cases totaled 2,327, of which 401…
 Minister of Health Tawfig Al-Rabiah Saudi Minister of Health Tawfig Al-Rabiah said that new consignments of COVID-19 vaccines arrived in the Kingdom, following an interruption caused by conditions beyond control. The minister called on everyone to register via "Sehati' app to receive the vaccine.   The ministry's spokesman said yesterday, Feb 14, 2021, that Saudi Arabia resumed the import…
Saudi Arabia’s government will not contract any foreign company or commercial entity that has headquarters in the region, other than the Kingdom, starting from Jan. 1, 2024, SPA reported, citing an official source.  The decision includes all entities, establishments and funds affiliated to the government.   The move comes to stimulate the business of foreign companies that deal…