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
Blaze breaks out at farm in Qatif
A large fire broke out on Monday at a farm in Umm Al-Hamam town in Qatif, damaging some structures on the estate. Four Civil Defense teams were dispatched to contain the blaze and prevent it from spreading to nearby farms
Tough new laws to curb crime
The government will fine and jail a person for 20 years for unlawfully releasing confidential information and classified documents. This is part of new regulations concerning offenses related to cybercrime, financial fraud, prostitution, extortion, blackmail and assaulting one’s parents and
100 years on, airlines hampered by history, IATA says
2014 marks 100 years since first commercial flight DOHA: On New Year’s Day, 1914, Abe Pheil squeezed into the open cockpit of a Benoist Type XIV boatplane in St. Petersburg, Florida, and became the world’s first airline passenger, flying 20
Qatar denies World Cup bid corruption claims
LONDON: Qatar’s 2022 football World Cup organizers vehemently denied any wrong-doing after a British newspaper alleged a top official paid more than $5 million to secure support in the bidding process. The Sunday Times said it had obtained millions of
Oil price fall will not affect Saudi economic development: Al-Assaf
JEDDAH – Saudi Arabia’s infrastructure and economic development is unlikely to be affected by the decline of oil prices, Saudi Minister of Finance Dr. Ibrahim Al-Assaf said Sunday evening here at the joint press conference held with the World Bank
65,000 Saudi women replace male staff in 13,000 accessory shops
:: The male staff of over 13,000 women’s accessory shops all over the Kingdom have been replaced by 65,000 women, said Dr. Fahad Sulaiman Al-Tekhaifi, assistant undersecretary for private programs. Addressing a workshop on “Role of inspection visits to women’s
Flight delay: Airlines to pay massive fines
The General Authority for Civil Aviation (GACA) will impose a SR300 hourly fine per passenger on local airliners who fail to inform travelers about flight changes 14 days in advance. Maximum compensation per passenger will be SR3,000, in addition to
KSA-World Bank partnership stressed
World Bank President Jim Yong Kim, who arrived in Jeddah Sunday, held wide ranging talks with Finance Minister Ibrahim Al-Assaf on key regional issues, including challenges hampering the inclusive economic growth of the Middle East region, said David Theis, a
SRO works on SR365bn network
The Saudi Railways Organization (SRO) is working on a SR365 billion strategic plan for developing the railway network in the Kingdom and implementing several projects to interlink the country’s provinces by the year 2040. The project aims to establish an
Balad fire probe points to arson
Preliminary investigations conducted by the Civil Defense Department have proved that some of the recurrent fires that have broken out at old buildings in Jeddah’s historic area were caused deliberately. According to press reports, seven fires broke out in the
Locusts invade Asir farms
The Ministry of Agriculture is fighting swarms of desert locusts preparing to descend on Asir province from Africa. Fahd Al-Farteesh, director general in the ministry, said there was no cause for alarm as the locusts were temporary migrants. “The swarms
Summer stretches residents’ finances to the limit
Commercial activity in Madinah is in full gear these days thanks to the summer vacation coinciding with the Umrah pilgrimage season. The central area around the Prophet’s Mosque is bustling with movement and there is an 85-percent hotel occupancy rate,
Tourists warned against fake travel agents
The Saudi Commission for Tourism and Antiquities (SCTA) on Sunday cautioned residents not to fall prey to bogus travel agents and tour operators promoting low-cost international flights during the summer vacation to woo customers. Ahmed Al-Eisa, assistant vice president of
GCC smart cities need lasting IT plans
JEDDAH – As the GCC ramps up its smart city ambitions, sustainable IT plans are needed to store and secure sensitive data, according to an industry expert. Across the region, smart cities are starting to become a reality – including
Zain KSA new postpaid packages
Dr Sultan Ahmed Al Jaber, UAE Minister of State and Director General of the Zayed Future Energy Prize, with Chairman Wang Chuanfu, founder and president of BYD Co, China and Lifetime Achievement winner of the 2014 Zayed Future Energy Prize.
Riyadh governor receives NAS Holding delegation
Riyadh Gov. Prince Turki bin Abdullah bin Abdul Aziz received key executives from NAS Holding in his office. The delegation during its visit to the prince and congratulated him on the Royal confidence appointing him as governor of Riyadh. During
Creative employees ‘have upper hand’
Rajhi Steel has succeeded in creating an attractive work environment for young Saudi nationals. With the construction sector continuing to boom and many mega projects taking shape across Saudi Arabia, Rajhi Steel’s annual consumption of rebar steel has increased to
SCTA to keep an eye on hotel, resort prices
The licensing department of the Saudi Commission for Tourism and Antiquities (SCTA) recently concluded preparations for the summer season and developed a plan to step up monitoring of the accommodation sector such as hotels, resorts and furnished apartments through deploying
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