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: Riyadh
Al-Assaf: No need for sovereign wealth fund
RIYADH: There is no need for the Kingdom to create a sovereign wealth fund to manage its oil wealth, Finance Minister Ibrahim Al-Assaf said, rebuffing suggestions by prominent officials and businessmen. At present, the surplus funds of Saudi Arabia are
King says growth to continue as KSA unveils largest budget
Saudi Arabia unveiled Thursday the largest budget in history for 2015, projecting spending at record SR860 billion, despite a sharp fall in oil prices. The budget projected revenue at SR715 billion showing a huge deficit of SR145 billion for the
KSA unveils SR860 billion-budget for 2015
Saudi Arabia unveiled Thursday the largest budget in history for 2015, projecting spending at a record SR860 billion, despite a sharp fall in oil prices. The deficit budget projected revenue at SR715. Crown Prince Salman, deputy premier and minister of
Real estate prices ‘could plunge 30%’
Housing prices in the Kingdom will go down 30 percent due to falling oil prices, distribution of more low-cost homes and the imposition of Zakat on vacant land, a real estate expert has predicted. “The real estate market is facing
‘Expansionary 2015 budget to spur growth, create jobs’
All indications are that the 2015 budget to be unveiled by Custodian of the Two Holy Mosques King Abdullah on Thursday will keep spending at current levels, which will boost growth, ensure an ideal business environment and create jobs. Economists
Government approves educational projects worth SR200 million
Education Minister Prince Khaled Al-Faisal approved a number of projects in seven provinces. They are worth SR200 million. The ministry stated that the projects include the establishment of a number of schools in Madinah and many multipurpose halls in several
Saudi names six women as deputy chairpersons of Shura committees
The Shura Council reconstituted on Monday its 14 specialized committees for the third year of its Sixth Session, which will begin its business on Thursday. As many as six women members were chosen as deputy chairpersons of the committees. The
Kingdom Holding ‘concludes 2014 with a strong performance’
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), held a board meeting at the company’s HQ in Riyadh recently. The meeting was attended by KHC Board that comprises Talal Almaiman, executive director for development and domestic investments, Sarmad
KSA insulated from oil price fluctuation
The Saudi economy and its industries are strong enough to withstand the impact of oil price fluctuations, the Council of Ministers said on Monday, pledging to continue its “balanced policy” commitments as contained in its budgets over the past few
Private sector supports unified GCC expat hiring policy
The private sector supports efforts of the Gulf Cooperation Council (GCC) governments to develop a unified policy that would govern their contractual relationships with labor exporting countries including India, Indonesia and the Philippines, a leading official said here Monday. Abdurahim
GCC, Arab League commend King Abdullah for cementing Arab unity
Qatar has pledged its “full support” to Egypt, an official statement said, ending more than a year of regional isolation over its support for Cairo’s ousted Islamist president. “The security of Egypt is important for the security of Qatar… the
No conspiracy behind oil price fall: Al-Naimi
ABU DHABI: Gulf countries on Sunday blamed “irresponsible” non-OPEC producers for a plunge in global crude prices, but voiced confidence that markets would rebound. World prices have fallen almost 50 percent since June, mainly due to a supply glut, the
Indian school expo displays students’ skills
Students of the International Indian School-Riyadh (IISR), Girl’s Section, organized an exhibition recently in the capital city to showcase their skills and products. Indian ambassador’s wife, Asia Hamid Rao, inaugurated the event that drew huge crowds from the Indian community,
Saudi hails Egypt-Qatar rapprochement
Egyptian President Abdel Fattah al-Sisi met a top Qatari envoy in Cairo on Saturday as part of Saudi-brokered reconciliation that was hailed by Riyadh as the opening of “a new page” between the two Arab states. Sisi met Sheikh Mohammad
3-day week cuts travel risks for female teachers
Education Minister Prince Khaled Al-Faisal has endorsed a special program for female teachers who work far away from their homes and must travel long distances to teach. Prince Khaled approved a three-day week for these teachers, as part of the
Saudi security forces kill four ‘terrorists’: ministry
Saudi police killed four “terrorists” Saturday in the eastern oil-rich village of Al-Awamiya while attempting to arrest suspects wanted in the fatal shooting of a soldier last week, the country’s state-run agency quoted the Interior Ministry as saying. The spokesman
Easy Taxi reduces taxi roaming time by 20%
In a new development, the Ministry of Transport has made it mandatory for taxi firms to install communication and tracking systems in their vehicles in order to reduce and eventually put an end to cabs roaming the streets, saying that
Nazaha wants govt officials to declare assets
To catch those stealing from state coffers, the National Anti-Corruption Commission (Nazaha) has revealed it may ask the government to introduce legislation that would force all government officials to disclose details of their financial assets. Abdullah Al-Abdulqader, the deputy chairman
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