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 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 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?s investments in the industrial sector rose to SR$37.70 billion in 2010. The country is heavily investing and importing industrial machineries to the tune of $15 billion annually. The consistency in the investment initiatives Saudi Arabia?s industrial sector...
Place:?Saudi Arabia Story:?Jordan receives $1billion grant from Saudi Objective: To help reduce Jordan's budget deficit Jordan, like other countries in the region, has seen a number of demonstrations across the country against high commodity prices and government policies. This caused an increase...
Saudi Arabia?s General Authority for Civil Aviation (GACA) had said on Sunday that, it will open its skies for foreign airline companies to operate domestic and international flights which will help the country to meet growing demand. This decision...
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...
Saudis could face a five-year jail term and up to $800,000 fines for sending offensive tweets Saudi based lawyer Humoud Al-Khaldi told Arab News that "penal action would be taken against offenders in compliance with Article 6 of the Anti-Cyber...
The Saudi Olympic Committee chief has denied the Kingdom is sending women athletes to London Olympics this summer, local newspapers reported on Thursday. "We are not endorsing any Saudi female participation at the moment in the Olympics or other international...
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 is emerging as one of the fastest growing Information Technology markets in the Middle East and is expected to account for up to 50% of the total Information and Communication Technology (ICT) investments in the GCC during...
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,...
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...
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...
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...
Arab stocks investors ended 2012 richer by nearly $60 billion with the recovery of most regional bourses and those of the UAE and Saudi Arabia accounted for more than 80 per cent of the increase. Official data showed the combined...
  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...
Saudi Arabia’s gross domestic product (GDP) grew 6.6% in the fourth quarter from a year earlier on additional government spending and higher oil prices, a Bloomberg report suggested citing the Central Department of Statistics and Information's website. The state-run agency announced...
Venezuela's proposal to set an oil price band of $80 to $120 a barrel came under immediate scrutiny from a Middle East OPEC official who dismissed the idea as a non-starter on Wednesday. Earlier, Energy Minister Rafael Ramirez urged the oil...
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...
The Saudi Ministry of Labour has reported that more than 1 million Saudi nationals are now receiving unemployment benefit under the "Hafiz" programme, which pays unemployed Saudis SR2,000 ($533) a month for up to one year. The welfare scheme was...
Russia Energy Ministry has denied Saudi Arabia has toppled its position as the world biggest oil producer by releasing data that suggests the federation is pumping hundreds of thousands of barrels of oil a day more than the Gulf kingdom. The...
After several years of deliberations, the Saudi government is considering reforms that open up the country’s equity market for foreign investors to stimulate equity investment in KSA. The kingdom has long debated introducing market liberalisation reforms and technical preparations, but...
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...
South Korean Finance and Strategies Minister Bahk Jae-wan said the UAE and Saudi Arabia have vowed to boost oil supplies to Seoul if it agrees to halt Iranian oil imports. "UAE and Saudi Arabia have promised to provide more oil now if things get...
Thanks to hectic reform efforts by respective governments, the UAE and Saudi Arabia have made noticeable improvements in a newly published country branding list. These results were acknowledged in the “Country Brand Ranking 2012” list released by Bloom Consulting,...
·       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...
Saudi Arabia raised its oil production to 10.1 million barrels per day in June, from 9.8 million barrels per day a month earlier, Dowjones quoted an anonymous source as saying on Wednesday. The Kingdom is currently producing around 10 million...
Saudi Arabia's oil exports look to decline sharply over the long term as the Middle Eastern country?s own domestic demand is expected to consume more of its production. ?The country's domestic consumption of energy, especially oil, at very cheap prices,...
Media reports coming from Riyadh suggest Saudi Ministry of Labour is considering a two-day weekend for the private sector that will come into effect from next year. A labour ministry source told Dammam-based Al-Sharq newspaper that a panel is looking into...