The aggressive adoption of medical devices is dramatically influencing the demand for more advanced IT solutions Healthcare expenditures in KSA are expected to increase by 16 percent, from SAR 78.63 billion in 2011 to SAR 91.23 billion in 2012, driven...
Saudi Arabia overtook Russia as the world's largest oil producer as it boosted its crude oil production to record levels in March. According to the Joint Organization Data Initiative (JODI), Saudi crude exports rose 3% in March, reaching the highest...
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)...
In the month of June, Saudi Arabia increased crude oil production by 700,000 barrels per day. The monthly oil report released on Wednesday showed Saudi Arabia?s response to OPEC?s failure to reach agreement on raising output quotas during a...
Saudi Minister for Foreign Affairs Prince Saud Al-Faisal insisted the proposed Gulf Union will safeguard member states from common security threats and help emerge the regional grouping as a powerful economic hub with a GDP exceeding more than $1.4...
An executive of Lockheed, one of the biggest US weapons maker, said on Wednesday he expects more sales of anti-missile interception systems in the Gulf amid a potential military confrontation between US-Israel and Iran. Lockheed sealed a $3.6 billion deal with the United...
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...
An Egyptian minister said on Thursday Riyadh has transferred much-needed $1bn to Cairo's central bank, seen by many as a move to help unrest-hit country secure a $3.2bn loan from the IMF. Egypt has been asking the International Monetary Fund...
According to a British newspaper report, BAE Systems is close to sealing a $808 million deal with Saudi Arabia to sell up to 30 Hawk trainer aircraft. The deal comes as a welcome relief for the defence giant which is...
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...
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...
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...
Place London Story Saudi prince Nayef wins libel damages over alleged publication Objective Analysis of the story Saudi Arabia?s interior minister, Prince Nayef, wins damages at London's High Court for fake charges libeled against him by a newspaper ?The Independent? accusing him of ordering police...
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...
Saudi Arabia, the world's biggest exporter of crude, said it will more than double its gasoline imports this month, three sources privy to information said. The traders, on condition of anonymity, disclosed to Bloomberg that state-owned oil company Saudi Aramco...
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...
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...
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...
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...