Category Archives: Economy
NWC: Jeddah to have propersewerage by end of 2018
Asir students’ drone design takes flight
Welcome to the future: Feasting on scorpions, grasshoppers
Food safety drive ahead of Ramadan
Car scheme delay irks disabled
Gold Prices Drop to 16-Week Low
Gold prices sank to their lowest level in 16 weeks as worries about political friction in Eastern Europe subsided and amid signs that the U.S. economy continues to recover from a winter slowdown. The most actively traded contract, gold for
Response to refugee crisis ‘disappointing’
AMMAN: World Bank chief Jim Yong Kim said on Wednesday international support for Jordan and Lebanon to help them cope with hosting more than 1.6 million Syrian refugees was “disappointing.” “So far the support for Jordan and also Lebanon… has
Influx of affordable housing solutions seen in the GCC
JEDDAH – The rapid urbanization and population growth in the GCC have resulted in an increased demand for affordable housing units from low- and middle-income households. Estimates from the United Nations show that the number people living in the cities
India likely to welcome foreign online retailers
NEW DELHI: India could allow global online retailers such as Amazon.com Inc. to sell their own products as early as next month, removing restrictions that have held back competition in one of the world’s biggest, and most price-sensitive, retail markets.
MENA consumer online hyper growth era fast approaching
Khaldoon Tabaza Founder & Managing Director, iMENA Holdings JEDDAH – Consumer online businesses in the Middle East and North Africa are headed for an era of hypergrowth. During the next 3-5 years, one or more $1 billion companies will emerge
Air traffic gridlock a global problem
DOHA — Tony Tyler, IATA’s Director General and CEO, conceded that air traffic congestion remained a global problem, with the Gulf region too being hampered by a lack of harmonization of a standard amid a tremendous growth of the industry
Price ‘rice’ before Ramadan: Blame it on hoarders
The rice price has begun to soar in anticipation of Ramadan with a 45 percent increase for a 10 kg bag over the past few weeks. Traders cited upcoming Ramadan and short supplies of the essential commodity from rice exporting
KSA ports handle 194.8m tons of nonoil commodities
Saudi ports handled 194.8 million tons of nonoil commodities in 2013, with an increase of 3.75 percent over the figures of last year, local media said quoting a report released by Saudi Ports Authority (SPA). Revenues of the SPA grew
Saudi-Lanka labor agreement to be implemented soon
Sri Lankan Minister of Foreign Employment Promotion and Welfare Dilan Perera said that the labor agreement between Riyadh and Colombo will come into effect soon following the Shoura Council’s approval of the accord on Monday. Saudi Arabia and Sri Lanka
Qasr Al-Hokm, the Riyadh park with a difference
The Saudi capital boasts many public parks which draw residents and foreigners alike not only because of their recreational facilities but also for the unique architectural designs as well as history. These include the public parks such as Qasr Al-Hokm,
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