According to a Bloomberg report, Research In Motion is preparing to open stores across the Middle East where demand for its BlackBerry phones has been on rise despite gloomy sales in the US. Sandeep Saihgal, managing director of RIM’s Middle...
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...
A Saudi catering company has announced it will hire 1000 young people to work at McDonald's restaurants in the central, eastern and northern regions of the Kingdom. Prince Mishal bin Khaled Al-Saud, president of the Riyadh International Catering Company (RICC), also owns McDonald's...
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....
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 National Water Company plans new projects worth SR4 billion ($1.07bn) in Jeddah's historical regions, northern and southern parts. The projects include replacement with high-pressure pipes that can pump larger quantities of water, construction of main pipeline networks and setting...
The Saudi government is developing new industrial parks for plastics conversion to stimulate investments and create jobs, a report said on Thursday. The new parks are part of the government's plans to create new industrial parks for mixed-use light industry...
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...
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 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...
Saudi state news agency reported on Tuesday King Abdullah has ordered the launch of a huge expansion project for the Prophet Muhammad's mosque in the holy city of Medina. The Saudi Press Agency (SPA) said the expansion project, expected to...
About 3 million pilgrims will arrive in Makkah for the annual Hajj pilgrimage in October, many of them coming from a wealthy background. To cater to their need for luxury accommodation, hotel investment companies, including InterContinental Hotels Group Plc, Hyatt Hotels Corp. and Starwood...
Place:?Saudi Arabia Story: Retail sales in Saudi to cross $37b by 2015 New data from Business Monitor International noted that retail sales in Saudi Arabia are expected to grow from just under $27bn this year to more than $37bn in 2015...
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...
Saudi Arabia's top cleric has blamed sinfulness for the pro-democracy chaos that has swept the Middle East, toppling four heads of state during the last 16 months. "The schism, instability, the malfunctioning of security and the breakdown of unity that...
Saudi Arabia telecom company Mobily's chief executive announced on Tuesday the company is in talks with a number of foreign operators to sell its surplus network capacity. The news came amid reports the kingdom's telecoms regulator would issue three mobile virtual network operator...
Saudi local media reported private sector workers are set to get a minimum wage within the next four months as part of a government drive to make jobs more appealing to nationals and curb unemployment. The gulf kingdom has a jobless...
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,...
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...
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...
Reports coming from Saudi-UAE border suggest a total of 4,000 trucks are waiting in an 18km lineup to cross the Al Sila check point. Truck drivers have been waiting to be allowed to cross the border but with little luck...
    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 Grain Silos & Flour Mills Organisation (GSFMO) said on Thursday it may import soft wheat, in addition to the current hard wheat imports, to meet local food demand. The desert kingdom has piled up imports sharply since abandoning plans for...
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...
Saudi Arabia is set to lead growth in Middle East's infrastructure and construction spending over the next 15 years, a report compiled by BofA Merrill Lynch said on Tuesday. The study noted that the construction sector across the Middle East...
Water desalination capacity in Saudi Arabia will hit 200,000 cubic metres by 2015 as the Gulf kingdom grapples to meet soaring demand, an expert said in Riyadh. "Saudi has emerged as the world’s largest desalination market and is seen a...
The Saudi government plans to launch 15 smart schools in each of the country’s region by February 2013. The Smart Schools Project is an initiative of the government to modernize the country’s education system. According to Ahmad Al-Dandani, Ministry of...
Saudi Arabia is planning to invest heavily in its railway  infrastructure, with about SR 365 billion ($99.4 billion), by the year 2040. In the coming years, the government plans to launch a number of initiatives in this sector, according...
Kingdom Holding's Prince Alwaleed Bin Talal announced on Sunday that Jeddah's Kingdom Tower would become the world’s tallest building when completed in 2017. He insisted that it will take no more than "63 months" to complete the 1,000m high skyscraper...
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...