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),...
The booming real estate and construction industry in Saudi Arabia will continue to fuel tremendous growth for steel and cement in the coming years. The demand for cement will climb by an estimated 9.4 percent every year to over 80...
  The U.S. will surpass Saudi Arabia and Russia this year to become the largest producer of liquid fuels (oil, natural gas and biofuels), according to the latest report by the British oil major BP. In November 2012, the International Energy...
 "A multinational firm from UK has plans of  expanding its operations in the Middle East. Because of the cultural differences and marked business practices in the Middle East and GCC countries, they need guidance and legal representation in setting...
We live in a corporate age which is in constant dynamics,always paving way to innovation and excellence. The old ways give rise to the new, belief systems change and opportunities are constantly throwing up greater challenges and growth prospects...
Saudi Arabia's state media has reported that Saudi King Abdullah in a historic move has appointed women to a fifth of the seats in the country's powerful Shura Council. In the two royal decrees issued today, King Abdullah reconstituted the...
A new report by computer security software corporation Symantec has revealed that Saudi firms are poorly equipped to deal with cyber attacks because of "lack of data backup operations on daily basis". As information technology assumes greater importance in today’s...
Saudi Aramco, the Saudi oil giant, is making active efforts to explore and develop new gas reserves to meet the growing demand for electricity in the kingdom. According to Petroleum and Mineral Resources Minister Ali Al-Naimi, "King Abdullah has given...
Saudi Arabia earned an estimated USD 16.5 billion from pilgrimage rituals of Hajj and Umrah in 2012, a 10 percent increase compared to the previous year. A record number of over 7 million pilgrims flocked the kingdom to perform holy...
Saudi based Social Media Agency 'The Social Clinic' in its latest report “The State of Social Media in Saudi Arabia 2012? has revealed that the country is one of the fastest growing in social media usage in the GCC. The...
The five-day Saudi International Motor Show 2012 concluded with an overwhelming response from all participants. The show was able to attract over 100,000 trade visitors, auto enthusiasts and car lovers. According to Zahoor Siddique, Vice President of Al-Harithy Company for...