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
Arab Spring economics, more than 3 years later
By: ABDEL AZIZ ALUWAISHEG Earlier this month, the International Monetary Fund (IMF) released a lengthy study on the economic repercussions of “Arab Spring.” The study examines the economies of Egypt, Jordan, Morocco, Yemen, Tunisia, and Libya and concludes that the
Jeddah airport to install more AC units
Jeddah’s King Abdulaziz International Airport will be equipped with new air conditioning units to cool travelers during the scorching summer months. Authorities have stepped up efforts to provide additional cooling facilities, in addition to upgrading existing air conditioners at the
Govt survey of car dealer services is ‘misleading’
The former chairman of the national committee for car dealers at the Council of Saudi Chambers (CSC) has strongly criticized a recent survey conducted by the Commerce and Industry Ministry on dwindling automobile customer satisfaction, saying the misleading survey is
Oil prices climb to $110 as US crude inventories decline
Oil rose to $110 a barrel on Wednesday, supported by an unexpected decline in US crude inventories last week and by persistent disruption to Libya’s output amid renewed fighting. The US Energy Information Administration report, released at 1430 GMT, said
Saudi businesswomen call for level-playing field
Saudi businesswomen here have called on government to level the regulatory playing field with men so that they can grow their enterprises. Foaz Al-Eid, a businesswoman, said the greatest challenge they face concerns their rights, in comparison to the scope
Jeddawis want early completion of metro
Jeddah residents have called on the government to complete the metro project as early as possible to give them relief from the heavy congestion on the city’s roads. The project approved by the Council of Ministers recently is expected to
Call taxi service launched in Riyadh
A Riyadh-based Saudi company has introduced an online taxi service that can be accessed via smartphones and on a toll free number. “MyTaxi Saudia” has begun providing services, with a soft launch held at the first Saudi Mobile Expo, which
South Asia tagged world’s most corrupt region
South Asia is the most corrupt region of the world and governments must strengthen their anti-graft agencies to prevent political interference and protect whistleblowers, Transparency International said Wednesday. The watchdog group found serious problems with anti-corruption efforts in Bangladesh, India,
Aramco to run delayed East Jeddah Hospital
Acting Health Minister Adel Fakeih has commissioned Saudi Aramco to help run the East Jeddah Hospital, which should have been operational two years ago. The Jeddah health department issued a press release last month promising that the hospital would open
IMF gives a thumbs up to Saudi economy
Saudi Arabia continues to play a crucial role in stabilizing the global oil market, which contributes positively to the global economy, according to the International Monetary Fund. “The economic outlook in Saudi Arabia remains favorable,” said Tim Callen, IMF mission
Saudi Health 2014 highlights innovative medical solutions
The second Saudi Health Exhibition & Conference, which got under way at the Riyadh International Convention & Exhibition Center (RICEC), was officially inaugurated Monday by Prince Turki Bin Abdullah Bin Abdulaziz Al Saud, the Governor of Riyadh Province in the
‘Mideast more than bullets, bombs and oil price’
Social media is not a threat to the traditional media, but offers great opportunity for media outlets to gather information, a top international expert said. John Danisjewski, Vice-President and Senior Managing Editor for International News at the Associated Press, said,
Women-only immigration counters at Jeddah airport
Special counters for women to process their passports will soon be established at King Abdulaziz International Airport (KAIA) in Jeddah, the newly appointed director general of Makkah Province’s Passports Department (Jawazat) has said. “A number of female passports officials have
Microsoft’s new Surface tablet takes aim at Apple’s MacBook
Microsoft Corp. has unveiled a larger but lighter version of its Surface Pro tablet on Tuesday, hoping that the company’s expertise in business software will help it take on Apple Inc. in mobile devices. At a presentation in New York,
Ministry says face veil a must for workers in women shops
Saleswomen at shops selling women’s items will be obliged to cover their faces, according to new ministry directives. “Administrations where we work have verbally stated that we should cover our faces and that the head cover will not suffice,” one
GACA prodded to speed up licensing of foreign airlines
The Shoura Council has urged the General Authority of Civil Aviation (GACA) to speed up the licensing process for foreign airlines to operate local and regional flights. Sadoun Al-Sadoun, chairman of the council’s transport, telecommunications and information technology committee, said
Petrol stations to be shifted away from residential areas
The Civil Defense plans to remove 2,500 petrol stations from various Jeddah neighborhoods because residents complain they are fire and health hazards. Col. Saeed Sarhan, spokesman of the Civil Defense in Makkah, said a committee comprising representatives from the directorate,
New Madinah airport to be ready by 2015
Madinah Gov. Prince Faisal bin Salman reiterated the importance of completing expansion works on the Prince Muhammad bin Abdulaziz International Airport on time during his latest inspection visit, where he was briefed on the progress made thus far. Prince Faisal
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