Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Category Archives: Economy
2,745 restaurants shut for health violation
Samples of food items and drinks taken from more than 2,000 restaurants in Jeddah were found to be contaminated with 11 types of harmful bacteria, a municipal source has said. The shocking results of food samples, which were tested at
Prince Alwaleed meets Twitter’s CEO in Seattle
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), met with Dick Costolo, CEO of Twitter, at the Fairmont Hotel in Seattle, Washington. During the meeting, Costolo thanked the Prince for giving him the opportunity to meet with him.
Saudia aims to have 200 aircraft by 2020
Saudi Arabian Airlines will have a total of 200 aircraft by the next five years, said Saleh bin Nasser Al-Jasser, director general of the national flag carrier. In a statement issued on Monday, he also disclosed plans to increase Saudia’s
Saudi April inflation flat at 2 percent
Saudi Arabia’s Central Department of Statistics said April consumer price data showed inflation was flat at its March level. It was the lowest since at least September 2012 when the current data series began. Prices of housing and utilities rose
PwC expects more consolidation in KSA insurance market
With an increase in price competition and capital erosion, PwC expects the Saudi insurance market to move toward consolidation of the industry to ensure long-term financial viability and narrow the performance gap between the top three insurance performers and the
Alireza: We have impeccable reputation for quality service
MAN Truck & Bus announced an important milestone this year with the company celebrating 100 years of commercial vehicle manufacturing. In the Middle East, MAN Truck & Bus has built a leadership presence with operations across the GCC and Levant
KSA’s nonoil sector set for robust growth
The Saudi economy will continue with its strong performance in 2015, despite the lower oil prices as the nonoil private sector will record robust growth amid diversification of the national economy and the Saudi stock market (Tadawul) opening up to
Direct real estate investments trending toward land development
AlJazira Capital, claimed to be the Kingdom’s first brokerage firm, says that the real estate development sector index declined by 9.04 percent on the day following the urban land fee enactment. Sector equities gained 31 percent since the beginning of
Foreigners can buy into IPOs on case-by-case basis
Foreigners will be allowed to buy directly into initial public offering of shares in Saudi Arabian companies on a case-by-case basis, the chairman of the Saudi Capital Market Authority said on Tuesday. The CMA announced on Monday rules allowing foreign
Cyprus president, Prince Alwaleed discuss global economic climate
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC) and an accompanying delegation, visited the Republic of Cyprus. During the visit, Prince Alwaleed met with President Nicos Anastasiades of Cyprus at the Presidential Palace. During the meeting, President Anastasiades
Riyadh conference to focus on KSA economic reforms
Minister of Finance Ibrahim Al-Assaf will be the first in a series of distinguished speakers at the Euromoney Saudi Arabia Conference this week, which takes place at the Al Faisaliah Hotel from May 5-6. In his keynote remarks, he will
Jeddah hotel show exhibits latest products, services
The third annual Hotel Show Saudi Arabia 2015 opened in Jeddah on Sunday, to thousands of hospitality professionals from throughout the Kingdom and beyond. Being held with the support of Prince Abdullah bin Saud bin Mohammed Al-Saud, chairman of the
Adel Al Jubeir sworn in as new Saudi foreign minister
Former Saudi Ambassador to the United States Adel Al Jubeir was sworn in on Monday before King Salman bin Abdulaziz as the kingdom’s new foreign minister, the official Saudi Press Agency reported. The top diplomat was appointed to his post
Global leaders to address forum on Saudi-American health care
Riyadh Gov. Prince Faisal bin Bandar will officiate at the opening ceremony of the 2015 C3 Saudi-American Healthcare Forum, which is being held in Riyadh for three days from Monday. The event will be held under the governor’s patronage. Also
Investcorp appoints Kirdar as chairman
Investcorp, the alternative investment firm, has appointed Nemir Kirdar as chairman of its board of directors, effective from July 1, it said in a statement on Sunday. Kirdar will replace Abdul-Rahman Salim Al-Ateeqi, who will retire as chairman at the
KSA to boost Singapore trade links
Economy and Planning Minister Mohammed Al-Jasser received at his office in Riyadh on Sunday Singapore’s Ambassador Lawrence Anderson. During the meeting, they exchanged cordial talks, discussed issues of common interest, and reviewed bilateral cooperation in economic fields. [wpResize] Related articles
Bahrain king, Alwaleed discuss regional and economic issues
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), visited Bahrain on Wednesday. Prince Alwaleed was received by Sheikh Abdullah bin Hamad Al-Khalifa, personal representative of King Hamad at Bahrain International Airport. The prince was accompanied by a delegation
Sharjah Airport Free Zone signs deal with Microsoft
Sharjah Airport International Free Zone (SAIF Zone) signed a Memorandum of Understanding (MoU) with Microsoft for cooperation in the field of information systems and technology and the development of electronic services and raise awareness of intellectual property rights (IPR). Saud
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