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
Chinese data show economy gains strength
BEIJING: Growth in China’s industrial output and retail sales accelerated in May, with consumption increasing at its fastest pace since December, official data showed Friday, in signs of renewed strength in the world’s second-largest economy. Industrial production rose 8.8 percent
Gasoline stations resume water, tissue handouts
Gasoline stations in Jeddah resumed handing out water and tissue papers to customers with the start of the summer vacation and Jeddah festival. Over 1,000 gas stations all over the city received instructions on safety and security to prevent fire
17,000 to sue SEC over outages
More than 17,000 citizens here plan to sue the Saudi Electricity Company (SEC) because it has allegedly failed to compensate them for losses caused by prolonged power outages a year ago during Ramadan. The power outages last year in several
Jeddah bakeries gear up for Ramadan
Bakeries in Jeddah are readying for the holy month of Ramadan with arrangements in place to meet the high demand on bread during the holy month. Walid Al-Khawariji, director general of the public institution for wheat mills, declared the institution’s
Medical cover a must for families of expats
The Cooperative Health Insurance Council has urged all private businesses to abide by the law and provide compulsory medical insurance for expat employees and their families. Ibrahim Youssef Al-Raml, a member of the insurance committee at the Jeddah Chamber of
STC restores services in EP
The Saudi Telecommunications Company (STC) announced Friday that it has restored all mobile, landline and data services in the Eastern Province. Services were disrupted for three hours on Thursday after a technician and a contractor both cut the optical fiber
Haramain train trial run in 6 months
Testing of the first line of the multibillion-riyal high-speed Haramain railway system will start in six months, according to local media on Friday. The testing will take place on the line between Madinah and King Abdullah Economic City in Rabigh.
Maids too prefer to work in big towns
Security forces intercepted a group of people known for smuggling maids from their sponsors’ homes and apprehended them while they were en route to Riyadh from the city of Tabuk. The rising demand for maids ahead of Ramadan each year
Saudico hosts Micros IT Gathering in Madina
Saudico Electronic Systems (SES), a leading IT firm in Saudi Arabia, with Micros Systems Inc., a global provider of leading enterprise-wide applications, services and hardware for the hospitality and retail industries, hosted a IT Gathering in Madina. This event was
Service stations get 4 years to improve
Transport Minister Jubarah Al-Suraisry said that the ministry has given highway service stations a period of four years to improve their conditions and provide better services. “Service stations should either improve their quality of service in accordance with the new
Women fret as weddings approach and tailors vanish
Tailors catering to a female clientele are struggling to meet delivery schedules due to an acute labor shortage especially at a time when the summer holidays coincide with the commencement of the wedding season and most Saudi families prepare to
Construction work to slow down in Ramadan
Several construction companies will suspend work on their projects this Ramadan owing to labor policies which do not permit working for more than four hours a day after breaking of the fast and in view of the long duration of
GCEL-led initiative to have positive impact on economy
With the launch of a study on trade efficiency in the Kingdom and shelf-to-shelf shipping of Saudi exports, the Kingdom joined the global initiative concerning implementing digital economy in trade exchange around the world. The initiative is led by the
New Zealand-GCC free trade deal likely soon
New Zealand Trade Minister Tim Groser expressed optimism regarding the signing of a comprehensive free trade agreement (FTA) that will lower trade barriers between Saudi Arabia and other GCC countries. “We’re making a lot of progress as far as the
ADGC, Al-Olalibi ink franchise deal
Saudi Arabia is one of the most significant and strategic markets in the region and “we are entering it,” said Abdulla Salem Al-Dhaheri, chairman of ADNOC Distribution Global Company (ADGC), after signing a franchise agreement with Saudi-based Al-Olalibi Group, pioneers
KHC, Caisse des Depots Group reach investment partnership
Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, and Caisse des Depots International Capital (CDC International Capital — CDCIC) have signed a memorandum of understanding (MOU) to establish an investment vehicle jointly managed by CDCIC and KHC seeking
STC mistake causes EP network to go down
The Saudi Telecommunications Company (STC) announced on Thursday that another network has gone down, this time disrupting mobile and landline services in the Eastern Province. This follows on the heels of a fire at a facility in Khamis Mushayt on
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