A survey has rated the Saudi Arabia cellular market as the most competitive in the Arab world for the third consecutive year. The ratings were revealed by the Arab Advisors Group in its Cellular Competition Intensity Index 2013. The Cellular...
The healthcare sector in Saudi Arabia may come under tremendous pressure and fail to meet the growing healthcare needs of the country if the private sector does not step up and contribute. A report by Deloitte reveals that some provinces...
Saudi banking experts have claimed that the kingdom’s banking system is safest in the Arab world Earlier this week, CNBC Arabia had reported that 5,000 fraud cases took place out of 1.3 million ATM cash withdrawals recently in the country....
Saudi Arabia is expected to invest USD 45 billion to build new railway networks and upgrade existing railways throughout the Kingdom. Efforts are being undertaken to expand Saudi Arabia's existing rail networks to meet the rising numbers of railway...
In a move set to benefit licensed telecom companies, Saudi Arabia's telecom regulator has suspended Viber, the web-based communication application, throughout the kingdom. In an official statement on its website, the Communications and Information Technology Commission (CITC) said that "the...
A new report has revealed the Saudi government’s intentions to completely fill all medical jobs in the kingdom with Saudi nationals within the next five years. The Saudi government is aggressively working on plans to complete Saudization of the medical...
A new USD 1.6 billion agreement has been signed between Saudi Arabia and Egypt to link electricity grids between the two countries. Initially, an international tender for the project was planned in 2010. After facing a delay of several years...
With a population of more than 5 million, Riyadh, is both Saudi Arabia’s biggest city and its capital city. Experiencing rapid growth, Riyadh’s population has more than doubled since 1990. City planners announced in July 2012 that Riyadh will build...
Hajj, one pillar of Islam, is one of five obligatory fundamental Muslim practices. It is incumbent upon every Muslim to make the pilgrimage to the holy city of Mecca at least once in their lifetime, it they can afford...
The Bank of London and the Middle East (BLME), Britain's largest standalone Islamic bank, plans to set up an office in Dubai to expand on it's offerings in capital markets and wealth management. The bank is experiencing 15 percent growth...
  The Kingdom of Saudi Arabia’s Capital Market Authority is in the final stages of developing a regulatory framework to allow foreigners to own stocks directly. The move is being viewed as a way to promote greater foreign investment in the...
The Arab Spring did not only have long-lasting political repercussions for Middle East and North Africa, but it has also altered the region’s retail landscape and shaped the future for businesses and consumers. A new report by the Euromonitor International,...
Women's Entrepreneuship Initiative (WEI) in collaboration with the Ashridge Business School recently launched a report highlighting the growing need of a limited number of Saudi women to be fully represented in the entrepreneurial sector. As proposed by the report,...
The latest edition of The Times Higher Education Asia University Rankings rates Saudi Arabia’s King Abdulaziz University as the best in the Gulf. Covering nearly 17,000 academics, The Times Higher Education Rankings was the world’s largest academic reputation survey. The...
When the Arab Spring happened across some of the MENA nations in 2011, all eyes were on Saudi Arabia. With unemployment & poverty on the rise and a visibly disgruntled public  and living within the confines of restrictive Sharia...
·       Saudi beverage market experiencing 8% annual growth ·       Eleven beverage categories purchased per household ·       Average of 11 beverage categories per household The Saudi beverage market is growing at an annual rate of over eight percent according to Ranjitha Subash, Consumer Insights Director at...
Wadjda is a 12-year old girl who lives near Riyadh, the capital of Saudi Arabia. Although she's growing up in a conservative country, Wadjda is a girl full of life who wears jeans and sneakers, listens to rock music...
Revealing it's ambitious growth plans, the CEO of Saudi Arabian Oil Company (Saudi Aramco) has stated that the company is chasing the status of becoming the world’s top producer of refined fuels and petrochemicals. Currently the world’s biggest crude-oil exporter,...
The Saudi government has given internet messenger application providers an ultimatum of one week to provide a monitoring service or face a ban across the Kingdom. Skype, Viber and Whatsapp will likely face a ban if operators fail to allow authorities in...
    A new report by the global travel market research firm PhoCusWright predicts that the travel market in Saudi Arabia will increase at a steady rate of 4 percent, from USD 10.2 billion in 2012 to USD 11.4 billion in...
  Saudi Arabia’s labor reforms appear to be working as more than 600,000 locals have landed jobs with private companies in the kingdom. While economists are wary of drawing conclusions regarding the kingdom’s job market and private sector hiring, these reforms...
As many of you know, I've always disagreed with many of the laws set by Saudi Arabia, but in particular with their law prohibiting women from driving. Westerners, as well as some Arabs, see women as oppressed in the...
According to a new rule by the Saudi Ministry of Labor, small and medium-sized businesses in the kingdom will be forced to hire at least one Saudi worker from next month. The rule will be applicable on businesses in Saudi...
In a recent report published by IDC, an increasing number of organizations in the UAE and Saudi Arabia are tying up with specialized IT service providers to manage their IT infrastructure. Referencing its 2012 report, IDC says that managed and...
Pfizer, a major player in the global pharmaceutical industry, has announced that it will soon begin construction work on a new manufacturing plant in Saudi Arabia. Foundation stone for the new facility has been laid in King Abdullah Economic City...
There seems to be an overheating going on in the Saudi economy as the country is primarily depending on a limited sources of income. The dependence on oil primarily does mean that the rising commodity prices can lead to...
The Ministry of Higher Education in Saudi Arabia claims that there has been a sharp growth in university enrollment largely because of an increase in the income levels of Saudi families and greater interest among women to pursue tertiary...
Saudi Arabia’s top religious cleric believes that the government’s decision to significantly increase fees for companies that employ expats could harm the national economy. In November last year, the government had decided to impose an annual fee of USD 640...
The Saudi-based Aujan Group, which entered into a USD 1 billion deal with Coca-Cola Company in December 2011, has announced its plans to actively pursue growth opportunities in the global market. Under the joint venture agreement, Aujan has split into...
The Gulf Cooperation Council (GCC) Governments are to face unprecedented demands in healthcare in the coming decades, partly owing to the high prevalence of chronic diseases like diabetes.The current model where most of the direct healthcare costs are taken...
A new global survey has ranked Saudi Arabia, Qatar and the UAE as top investment destinations in the Middle East and North Africa (MENA) region. These countries have been favored due to a stable business and political climate. Conducted in...
A newly established data center at the Saudi Ministry of Health will promote better health services in the Kingdom by linking 22 regional health directorates, 166 hospitals and more than 40 hospital management centers across the Arab world. The data...
Investment in infrastructure projects could provide a significant opportunity for investors in Saudi Arabia, as Government spending is set to touch SR1 trillion ($266.6bn) in 2013, according to Emirates NBD Wealth Management. Speaking at an investor road show in Riyadh,...
  The GCC countries are pumping an estimated US  $36 billion for the development and upgrade of their port infrastructure amid increasing foreign non-oil trade volumes. Saudi Arabia has allocated more than US $750 million for the port infrastructure development at...
Media reports point out that Saudi billionaire Prince Alwaleed bin Talal has sold his yet to be delivered Airbus A380, popularly dubbed 'the flying palace'. Quoting the chief financial officer of his Kingdom Holding Company, reports suggest that, "it was...
The Saudi-based Kingdom Holding Company will lead a consortium of investors to acquire a US $399 million stake in a Chinese online retail firm. The investment firm, controlled by Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, will be...
New figures released by Saudi Arabia’s Ministry of Health reveal that the healthcare sector created thousands of jobs, with 1,364 specialists recruited from abroad, last year. A total of 2,087 consultant physicians were appointed at various levels to provide health...
PricewaterhouseCoopers has predicted that Saudi Arabia’s economy will grow consistently at an impressive pace and treble to USD 3 trillion by 2050. The PwC’s biannual The World in 2050 report suggests that the Kingdom will grow by 230 percent to...
A new survey has revealed that the Saudi Arabian consumer remains one of the most optimistic about the state of their personal finances. The findings are part of third annual Emerging Consumer Survey, conducted by Credit Suisse Research Institute. It...
  Residents of Jeddah have demanded the authorities to ensure that factories are relocated from residential areas at an accelerated pace. The Jeddah Municipality has been working closely with Makkah province, Jeddah governorate, the Jeddah Chamber of Commerce and Industry (JCCI),...