IOC President Jacques Rogge expressed his optimism that Saudi Arabia will send female athletes to the Olympics for the first time at this summer's London Games. He said the move will be seen as a major towards fulfilling the...
The Obama administration is pressing Saudi Arabia to boost its oil output in order to fill a supply gap arising from economic sanctions on Iran, a Reuters report revealed quoting Gulf sources, adding that Riyadh is not in a...
The newly sworn Yemeni President will visit Saudi Arabia to meet King Abdullah and thank him for the role he played during the Arab Uprising, a Saudi newspaper reported. He also hoped that Riyadh will keep playing a crucial...
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...
Middle East Electricity shines spotlight on booming energy sector; UAE forges ahead with power, water, energy projects worth US$34.2 billion Dubai, UAE, 2 February 2012: New power, water, and energy projects valued at US$180 billion are underway or at the...
Forbes Middle East revealed '2011 Top Performing Economies in the Arab Region' in its 15th issue (January). According to the study, the high oil prices, witnessed during the past year, have contributed to the achievement of profitable revenue growth...
Gulf Cooperation Council nations and Japan have signed a memorandum of co-operation for strategic partnership touting it as a new page in friendship. The understanding comes at a time oil markets are panicking due to the renewed sanctions on...
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...
Saudi Arabia, OPEC's largest crude oil producer, insisted it will make sure that this week's climate talks in Durban won't have an impact on the Kindgom's and oil exporting cartel's income. Organisation of the Petroleum Exporting Countries (OPEC) members have...
Saudi Arabian construction company Saudi Oger, said on Sunday it has mandated banks to arrange its first loan to be run by non-Saudi institutions, with syndication expected to begin shortly. Deutsche Bank, China Development Bank and Emirates NBD will act...
Horses may first have been tamed as long ago as 7000 BC, new ground-breaking findings in a recently unearthed archaeological site in Saudi Arabia suggest. "The procured evidence may potentially debunk a previously established theory that the domestication of horses...
Reports released by the International Energy Agency (IEA) last week show Saudi Arabia boosted its crude oil production to 9.8m barrels a day last month. This is the highest amount produced by the Kingdom in the last 30 years. OPEC...
Saudi Arabia is expecting a higher inflation rate in the third quarter of the financial year, economic analyst report. Saudi Central Bank has also expressed its expectation of a moderate rate of inflationary pressure in the Kingdom. According to an...
Amid rising concerns over Standard and Poor's downgrade of the US' credit rating from AAA to AA+ and its impact on Gulf currencies, which have hitherto been pegged against the US dollar, the UAE and Bahrain have dismissed speculations...

Medical specialists, recently released a report stating that diabetics face the risk of falling into a coma when fasting during Ramadan. Those with diabetics, are advised to consult their doctors about fasting during the holy month. Dr. Saleh Al-Jaser is...

A fiscal surplus is expected to greet the Kingdom at the end of this year as its foreign assets sit at the highest place that they have ever been. Saudi Arabia has experienced a surge in its crude oil output...
Standard Chartered Private Equity (SCPE) announced the acquisition of a minority stake in Construction Products Holding Company (CPC) through an equity investment of $75m. CPC is Saudi Arabia's largest manufacturer and provider of building materials and a subsidiary of...
Saudi contracting firm Abdullah A M Al Khodari Sons Company said on Saturday it has been awarded a SR120.7m ($32.1m) contract by the Ministry of Interior. It said in a statement posted on the Saudi Stock Exchange website that it...
As the projects of Phase 1 in the development of King Abdulla Economic City (KAEC) proceed, Emaar, The Economic City (Emaar E.C,) has called off a contract with Al-Radwan Contracting to build 134 villas. The houses were planned to be...
Place Saudi Arabia Story Female teacher candidates exempted from residence criteria. Objective Impact of the relaxed conditions. King Abdullah, Custodian of the Two Holy Mosques, approved recommendations by Prince Faisal Bin Abdullah Bin Muhammad, Minister of Education, to cancel the requisite that demand proof of...

Petrodollars! What a word! It is a term coined by Prof. Ibrahim Oweiss professor of economics at Georgetown University in 1973. Oweiss felt there was a need for a word to describe the situation then occurring in oil producing,...

Saudi Arabia's labor ministry issued new laws affecting women at the workplace, on Sunday. According to the new rules, only women may work in lingerie and cosmetic stores. Men will be forbidden from entering these type of shops. Such...
Saudi Arabian Fertilizers Co (Safco) said its quarterly net profit fell 13 percent, missing analysts expectations for the second straight quarter. Safco made 790 million riyals ($210.7 million) in the second quarter, compared with 907.2 million riyals in the prior-year...
A top Saudi representative to the international labour body has suggested that expat workers who have been living in Gulf countries for 25 years or more should be granted free iqamas (work/residency permits) or permanent resident status outside the...