Daily Archives: December 13, 2015

Prince Sultan bin Salman opens Saudi Colors Forum 2015

Riyadh, Rabi’I 02, 1437, December 13, 2015, SPA — Prince Sultan bin Salman bin Abdul Aziz, President of the Saudi Commission for Tourism and National Heritage, here this evening opened Saudi Colors Forum 2015 and its accompanying exhibition.

He opened the forum in the presence of Prince Turki al-Faisal, Prince Khalid bin Saud bin Khalid, the Assistant Foreign Minister and member of the Board of Directors of the commission, Prince Bandar bin Saud bin Mohammed, Chairman of Saudi Wildlife Authority and the commission’s board member, President of the Saudi Press Agency Abdullah Al-Hussein, Minister of Tourism of South African Derek Hankoem and a number of officials.

The forum is organized by the commission and will continue until next Saturday.

–SPA
23:17 LOCAL TIME 20:17 GMT
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Arabian Horse Breeders Organization championship concludes in Egypt

Cairo, , 02 Rabi’I, 1437,December 13, 2015, SPA — The 5th Arabian Horse Organization Championship for Arabian Horse Breeders concluded here yesterday under the patronage and in the presence of Prince Abdulaziz bin Ahmed bin Abdulaziz, Chairman of the Board of Directors of the Organization and a large gathering of owners, breeders and fans of Arabian horses with the participation of more than 170 horses produced in Egypt.
At the end of the tournament, the breeders of Arabian horses honored Prince Abdulaziz bin Ahmed for his efforts as well as the Organization to support horse breeders in the Arab Republic of Egypt .
— SPA
14:45 LOCAL TIME 11:45 GMT
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Kingdom's living cost index rises 2.3% in November 3 Riyadh

The report attributed the monthly rise for the index to the highs witnessed by the 6 main sections components of this index, topped by clothing and footwear division by 1.1%, the section of goods and miscellaneous services 0.9%, the section of furnishing and home equipment and maintenance by 0.5%, the Section of Recreation and Culture by 0.4%, the Section of Health by 0.3%, and the Section of Housing, water, electricity, gas and other fuels by 0.1%.
On the other hand four sections of the main index, witnessed a decline which were communications section by 0.6%, the Section of Transportation by 0.2%, followed by food and beverage section by 0.1% and finally the section of restaurants and hotels, down by 0.1%; but the Education Section remained at the level of its previous price as its relative record did not witness any changed to be mentioned.
— SPA
14:14 LOCAL TIME 11:14 GMT
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Kingdom's living cost index rises 2.3% in November 2 Riyadh

In contrast, the record of the Section of restaurants and hotels fell by 1.6%. And record the general index of the cost of living index in the Kingdom rose slightly by 0.1% over last November from the previous month.
The monthly report issued by the Department of Statistics and Information said that the general index of the cost of living in the Kingdom stood at (134.4 points) in November last year, up from (134.3) in the month of October 2015 and up from level (131.4) in November 2014 , recording a rise on a monthly rate of 0.1% basis, and an increase on an annual basis rate of 2.3%.
—-More
14:13 LOCAL TIME 11:13 GMT
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Kingdom's living cost index rises 2.3% in November

Riyadh, 02 March 1437 AH December 13, 2015, SPA — The annual level of cost of living in the Kingdom of Saudi Arabia increased by 2.3% during the month of November compared to the corresponding month last year, 2014.
The monthly report of the General Department of Statistics and Information attributed that to the rise witnessed by (11) main sections of the index topped by the Department of Education, with the rise 5.4% followed by the Department of clothing and footwear, which registered a rise of 5.1%.
The Section of Housing, water, electricity, gas and other fuels rose by 4.4%, followed by the Section of Health by 2.5%, the Section of Transportation by 2.3%, furnishing and equipment home and maintenance department by 2.0%, the Section of Recreation and Culture by 1.9%, the Section of miscellaneous goods and services by 1.8%, as well as the rise in tobacco division by 1.5%, and the Section of food and beverages by 0.8% and finally the Section of Communications, up 0.6%.
–More
14:13 LOCAL TIME 11:13 GMT
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Maaden Company adopts initiatives to protect integrity and anti-corruption

Riyadh, 02 March 1437 AH, December 13, 2015, SPA — Saudi Arabian Mining Company “Maaden ” has confirmed its responsibility to protect the integrity and the fight against corruption to conduct a process ensuring the safety of domestic and foreign company transactions.
The Secretary-General of the Board of Directors of “Maaden “Bakr AL-Haboub in his participation with a working paper at a seminar “Smash Corruption” organized by the National Anti-Corruption Commission on the occasion of the celebration of the International Anti-Corruption Day last week, said that the company’s values are its open message and address of dealings, and “Integrity” on the list of values including credibility and fairness of the highest ethical and professional standards in the internal relations with all stakeholders.
Al-Haboub pointed out that the company has prepared since early time in the financial market high standards and a comprehensive system of governance aimed at raising the level of transparency, and adjusting the set of relations between the company’s management and board of directors, and owners and all related parties.
–More
13:40 LOCAL TIME 10:40 GMT
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Maaden Company adopts initiatives to protect integrity and anti-corruption 2 Riyadh

He said that the financial lists of the company are characterized by comprehensiveness and quality in the preparation, and the company’s management adds value to the information contained in those lists in a manner gained tribute by financial institutions and financial analysts, noting that the company was nominated in 2013 by the association of investors relations in the Middle East to win the annual third award in investors relations in the Kingdom, based on its role in the definition of investment climate in the Kingdom, and the company also was nominated this year to gain the best site for investors relations in the Middle East.
— SPA
13:41 LOCAL TIME 10:41 GMT
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STC receives approval from Kuwait Capital Market for acquisition of VIVA Company's Shares

Riyadh, Rabi’I 02, 1437, December 13, 2015, SPA — Further to Saudi Telecommunication Company’s (STC) announcement published on Tadawul website on 19/11/2015 regarding its submission of an optional offer to acquire the shares of VIVA not already owned by STC representing 74% of VIVA total outstanding shares (499.4 million shares), STC announces that it has received the approval from the Kuwait Capital Markets Authority today to proceed with the acquisition. According to regulations in Kuwait the offer document will be sent to VIVA to be studied by its Board of Directors.
The company said in a statement posted on the Saudi capital market, “Tadawul” today, noting that it will announce the details of the offer later.
–SPA
13:01 LOCAL TIME 10:01 GMT
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