The chief executive officer of the UAE's Securities and Commodities Authority (SCA) said Saudi Arabia's long awaited move to open up its financial markets to foreign investors will bring rewards to its Emirati counterparts. Abdullah Al Turifi, the head of the SCA,...
A leading mobile services provider in Saudi Arabia, Etihad Etisalat (Mobily) is providing its subscribers with free internet access over Ramadan. Connect Laptop The package is called ?Connect Laptop?, and it offers the subscribers with free internet access over the holy...
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...
Saudi Arabia has invested more than SR200 billion ($53.33 billion) in the information and communications technology (ICT) sector which created around 60,000 new jobs, a report from STC said adding that the heavy investment has had a positive impact...
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...
Press Release Maskan Arabia for Real Estate Development today announced the launch of the preliminary excavation work at its new residential project, “BLOM Invest Maskan Arabia” Fund, in North Riyadh. The development will consist of 312 residential units, worth AED490...
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 cabinet gave its nod to the country’s mortgage law on Monday for the infrastructure industry on which it is spending around $500 billion to build and develop. The mortgage law stipulates the regulations to establish mortgage companies and...
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...
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...
  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...
Google MENA has been hard at work in the Middle Eastern region, hosting?several events in Egypt, Saudi Arabia and Jordan, with an upcoming event in the UAE. In addition, Google is bringing its Ambassador Programme to the Middle East,...
Two Austrian companies have announced they have built the world's largest solar power plant which will power an educational campus in Saudi capital Riyadh. The GREENoneTEC company, said it manufactured solar panels worth 3.6 million euros ($4.3 million) which cover...
Hundreds of Saudis have petitioned King Abdullah to allow women to drive vehicles on the first anniversary of the Women2Drive campaign launched in June last year. The signatories, who numbered nearly 600 on Wednesday, asked the king to "encourage women...
Coca-Cola Co acquired half the equity in Aujan Industries, a Saudi-based beverage business, for $980 million to expand its non-alcoholic beverages in the Middle East. As per the deal, Coca-Cola will have 50 percent stake in the entity with rights...
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...
Qatar Airways and Gulf Air have become the first foreign carriers to win licences to operate domestic flights within Saudi Arabia. A statement by the General Authority of Civil Aviation said that, "the best bids came from Gulf Air and...
Saudi Arabia, the oil-rich kingdom home to millions of foreign workers, is finding it hard to enrol tens of thousands of its mostly young population who graduate each year, a report said. Despite being the largest Arab economy, and the...
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...
The Saudisation jobs policy, Nitaqat, is giving private sector employers in Saudi Arabia a tough time as they grapple with the implementation of reform introduced in the wake of Arab Spring uprisings, a new report revealed. Global recruitment giant, Hay...
Air Arabia said it will be launching additional services to Dammam in Saudi Arabia. The launch of the additional service will commence from Wednesday which will bring the Sharjah-based budget carrier's flights to the eastern Saudi port city to three...
Seoul based Hyundai Engineering & Construction has won the $1.5 billion construction contract for an alumina refinery, part of the multi-billion dollar project to develop a fully integrated aluminium complex in Ras Al Khair, Saudi Arabia. The complex worth $10.8bn...
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...
Saudi Aramco announced on Monday the launch of an investment arm to acquire tech companies that are of strategic importance to Saudi Arabia and facilitate their deployment in the kingdom. The company said Saudi Aramco Energy Ventures plans to invest...
Palestinian prime minister's office announced on Sunday his government will receive $100 million from Saudi Arabia to help alleviate Ramallah's stinging budget crunch. Palestinian officials in Occupied West Bank welcomed the news as salaries for public sector employees have yet to be...
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...
With the budget 2013 set to be announced in a few days, all eyes are set on the real estate market in Saudi Arabia. The real estate market in the Kingdom has shown an impressive jump in recent times due...
Prince Mitaab Bin Abdullah, head of the Saudi National Guard, announced on Tuesday he will create a department within the force that will be tasked with recruiting female soldiers. According to a newspaper report published in Okaz, a leading Saudi newspaper, Prince Abdullah said...
Place: Saudi Arabia Story: New methods to determine cost of living Since its inception in 1987, Saudi Arabia?s Department of Prices and Index Numbers Statistics (DPINS) has improved markedly. It shifted from providing a mere indication of price movements to generating...