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...
  The Kingdom of Saudi Arabia’s Capital Market Authority is in the final stages of developing a regulatory framework to allow foreigners to own stocks directly. The move is being viewed as a way to promote greater foreign investment in the...
Saudi Arabia is set to lead growth in Middle East's infrastructure and construction spending over the next 15 years, a report compiled by BofA Merrill Lynch said on Tuesday. The study noted that the construction sector across the Middle East...
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'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 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...
A new survey has revealed that the Saudi Arabian consumer remains one of the most optimistic about the state of their personal finances. The findings are part of third annual Emerging Consumer Survey, conducted by Credit Suisse Research Institute. It...
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,...
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...
Small- and medium-sized enterprises (SMEs) in Saudi Arabia are gearing up for ambitious, technology-fuelled expansion drives across the region, according to a new worldwide survey. In the next Three Years, No Saudi SME Expects to Operate Solely in the Kingdom; Cloud,...
The Saudi-based Kingdom Holding Company will lead a consortium of investors to acquire a US $399 million stake in a Chinese online retail firm. The investment firm, controlled by Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, will be...
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...
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...
The Saudi IT market is geared up to attract investment of up to USD 8 billion by the end of 2012. This investment would further increase to about USD 12.3 billion by 2015. The growth has been witnessed due to...
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...