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
Indian Food: Wooing your culinary senses
Sanjeev Kapoor’s Signature now in the Middle East Arabs are known for their timeless attachment to Indian food and its popularity landed Chicken Tikka Masala to become a true British national dish. But apart from its massive appeal, the euphoric
Shape up or ship out!
Sagia issues stern warning to bogus investors The Saudi Arabian General Investment Authority (SAGIA) has urged small-scale foreign investors to either improve their performance or leave the Kingdom. “We have given an ultimatum to these small investors who have failed
Rabigh desal plant 3rd stage complete
Reverse Osmosis Membrane elements for seawater desalination in KSA set up The Arabian Japanese Membrane Company (AJMC) announced the completion of the second and third stages to manufacture reverse osmosis membrane elements for seawater desalination in the Kingdom. The
Globally, 1.3b tons of food goes to waste each year
According to the US Natural Resources Defense Council, 40% of the food produced in the US gets tossed out every year; that is $165 billion worth of uneaten food. Statistics for the Kingdom are not as accurate, but it
Program turns beggars into successful entrepreneurs
Islamic micro-finance, which is based on profit-sharing and does not charge interest, can play a significant role in alleviating poverty and transforming the poor into successful entrepreneurs, said Mamoon Al-Azami, a senior community development specialist at the Jeddah-based Islamic Development
China pursues the holy grail of ocean energy, in a massive way
The future of energy generation. China is the latest country to take on the decades-old challenge of generating electricity from the world’s oceans. Beijing has invested an estimated $160 million in tidal and wave energy projects since 2010,
Dubai deporting foreign workers based on flawed TB screening policy
It is sending back people whose chest X-rays show scars even though this is far from conclusive proof that the person has the disease. Charanjeet Singh, 31, was deported from the United Arab Emirates in February 2013 because
Gold hits 3-1/2 month low as dollar rises
LONDON Gold prices hit 3-1/2-month lows on Wednesday as the dollar climbed to its highest since February against the euro and stock markets held near recent peaks, after a technical breakout the previous day saw the metal slide more than
Emirates launces daily A380 service to Mumbai
Boeing 777s for Delhi and Hyderabad Emirates will expand its A380 network to 28 destinations, when it launches a daily A380 service to Mumbai International Airport on July 21. EK 500 and EK 501 between Dubai and Mumbai will
Success of Saudi Energy 2014 reflects Kingdom’s fast growth
RIYADH – The International Trade Exhibition for Electricity, Power Generation, Alternative Energy, Water Technology and Lighting, concluded its three-day run Wednesday at the Riyadh International Convention and Exhibition Center. The show welcomed more than 8,000 specialized visitors from various related
Rabigh hospital ‘failing to save accident victims’
JEDDAH — Rabigh General Hospital does not have enough resources to save the lives of traffic accident victims, several citizens were quoted by Makkah daily as saying. Citizens said some of their relatives who were involved in traffic accidents and
Mobily donates SR1 million to Saudi Anti-Smoking Society
IN presence of Prince Turki Bin Abdullah Bin Abdul Aziz, Governor of Riyadh region, the Honorary President of the Saudi Anti- Smoking Society (Naqa), Mobily presented SR1 million as financial support to the society. Engineer Nasser Al Nasser, Chief
LG steps up smartphone effort with new flagship G3
SAN FRANCISCO: LG Electronics is going big in style with a flagship G3 smartphone aimed at turning heads away from market titans Apple and Samsung. LG introduced G3 smartphones at simultaneous events in a half-dozen cities, saying they would
41,000 to benefit from low-cost Haj
Haj Minister Bandar Hajjar has warned domestic Haj service operators against increasing Haj service charges, adding that companies that impose exorbitant prices would be fined up to SR100,000. “Monitoring panels have noticed that 52 companies have hiked prices during the
Duty hours relief for women
The Labor Ministry has fixed the working hours for women between 9 a.m. and 11 p.m. The move ensures that women don’t begin work too early and don’t work after streets become empty. The ministry has urged businesses to employ
Madinah seeks high-capacity investments in mineral reserves
The Madinah authorities are calling for high-capacity investment in the province’s rich metal and mineral reserves at the first Mining and Investment Opportunities Forum scheduled on June 3. Held with the support of Madinah Gov. Prince Faisal bin Salman, the
Saudi-Iran talks offer fuels hope
A senior Iranian official has voiced hope that talks between the Saudi and Iranian foreign ministers could begin soon. He, however, expressed doubts over whether the meeting would result in a swift solution to key issues. “We have requested Saudi
Well-governed family businesses are ‘suitable’ investment partners
JEDDAH – Investment is a two-way process. Whoever is investing capital needs to be sure that the investment opportunity is watertight, has the potential for long-term growth and has the potential to reap the expected rewards. And likewise, when a
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