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...
Leading Saudi newspaper Arab News cited an unidentified report on Sunday which said the Gulf Kingdom has put on hold public work projects worth more than SAR500bn ($133bn) across the country, including 166 in major cities. According to Citigroup’s MENA Construction Projects...
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...
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...
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...
A Saudi newspaper reported that Dubai's carrier may no longer be interested in Saudi market because of the tough terms imposed by the Gulf Kingdom, the largest Arab economy and most lucrative regional market. According to a report published by Saudi...
State-run Saudi Press Agency (SPA) announced its finance minister held successful talks with Chinese vice trade minister over possible joint ventures in petrochemicals and banking on Tuesday. The moves are being seen as part of a wider Chinese push into...
Riyadh's announcement of opening up its skies to foreign airlines has attracted the interest of fourteen companies to obtain a licence, including Saudi-owned companies, Gulf-Arab firms and consortiums of Saudi-Gulf and Saudi-Chinese companies, the General Authority of Civil Aviation (GACA)...
Saudi Oil Minister has announced his country is ready to fill any oil supply gap - 'perceived or real' - in a bid to rein in rising oil prices. The statement comes a day after reports suggested Washington is...
Saudi Arabia is working on plans to pump more money into its tourism industry and improve infrastructure such as hotels and airports. A recent report said the Kingdom plans to invest more than SAR300bn ($80bn) into tourism related facilities. According to...
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...
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...
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 American Bank Group (SAMBA) projected a rise of 6.9 percent this year in Saudi Arabia?s GDP, recording its highest growth rate in eight years. SAMBA predicted a rise in fiscal surplus despite a surge in public spending by a...
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...
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,...
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...
Etihad Etisalat Mobily, the Saudi telecommunications company, yesterday signed a contract to establish a ?strategic partnership? with the global Internet giant Google. The deal marks the first-of-its-kind initiative to be launched in the Middle East, and shall oversee the...
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...