With region's one of the biggest economy, Saudi Arabia, all set to open up its Stock Market to foreigners, Frost & Sullivan's Vinod Cartic provides his expert insights on the implications.The Kingdom of Saudi Arabia (KSA) will open its...
Kuwait has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday.In a statement to Kuwait News Agency (KUNA), Hashem Hashem, the...
A new era, a new Saudi Arabia In this OpEd Harun Yahya express his optimism on the new regime in Saudi Arabia and hopes it will ally itself more strongly with other countries of the Middle East so that...
The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz of Saudi Arabia passed away before dawn on Friday.UAE President His Highness President Khalifa said, "We mourn the death of one of the most notable leaders of the...
Good news for expats living in Saudi Arabia The new residency plan would allow foreign workers to have five years residence visaThe Saudi Arabian government is hashing out a new residency permit plan for the expats living and working in...
Massive Government ICT investments transforming Saudi Arabia’s innovation economy, enhancing development, business growth and productivity.Saudi IT Market Set to Top USD 14 Billion by 2017with Government Sector Fastest-Growing Industry Vertical: IDCMore than 500 of Kingdom’s Organisations Set to Attend GITEX...
Saudi Aramco, GE and TCS inaugurate Saudi Arabia’s first all-female business process services center Center will create 3,000 local jobs for Saudi women with the first batch of recruits commencing work 3,200 square meter center in Riyadh provides new business...
The Kingdom of Saudi Arabia (KSA) has registered a record overall growth of 43% in eCommerce in Q1 of 2014 compared to the same period last year, making it the highest growth rate in the MENA region, according to...
GCC economies must invest in exports to reduce dependence on commoditiesFalling oil prices will pose a challenge to GCC hydrocarbon exporters unless governments step up their diversification efforts and develop more export industries, according to a new report by...
Tyre changing will never seem the same anymore, thanks to a bunch of dauntless youngsters giving a new take on the whole tyre replacement activity.Let’s imagine this situation. While vacationing with a group of friends in a car, on...
Defence expenditure forms one of the core fiscal expenditures of countries with millions of dollars being spent by governments to ensure that their defence system is up-to date and bolstered with highly refined arsenal. Defence expenditures aren’t however mindlessly...
Bright economic growth prospects for the UAE and Saudi Arabia, according to the latest Macro report from Crédit Agricole Private Banking Q1 2014 ended with bright economic growth prospects for the UAE and Saudi Arabia Arab countries in the Middle East...
Saudi banks urged to shun conservatism to optimize and benefit the long term health of the Saudi economy and its banking sector. Alkhabeer Capital, a leading asset management and investment firm based in Saudi Arabia, and authorized by the Capital...
Statistics for commuter traffic for February, released by the International Air Transport Association (IATA), showed a surge in the demand for the aviation transportation with a percentage increase of about 5.4 percent. This increase has been placed in context...
Ever since electronic commerce or as the popular acronym goes, e-commerce, has come into existence, there has only been positives being raved about it. The concept’s dynamics have been explored thoroughly over the course of the years and with...
DHA has come up with an innovative plan to step up Dubai medical tourism sector.Dubai attracts millions of tourists from all over the world who come to see the fusion of modernity and traditionalism that prevails all over the...
Virgin Mobile Middle East & Africa (VMMEA) today announced that the Board of Directors of the Communications and Information Technology Commission of Saudi Arabia (CITC) have approved the grant of a MVNO License to Virgin Mobile Saudi Consortium.The CITC...
Gold – the yellow metal that’s as priceless as the word can imply. Everyone wants to own gold, wants to buy it as an investment for the future. But not many do manage to invest in gold thanks to...
Shifting Sands of Time: Saudi Arabian Tale of Women EmpowermentEach country in the world is unique boasting of rich history of culture and tradition adding a distinct flavor and thus contributing to presence in the globe. Alongside its uniqueness,...
-Deloitte: Saudi Arabia spends 4.3% of GDP on health care -Deloitte: Health care delivery in the Middle East is dominated by the public sector"The fastest-growing region in the coming years could be the Middle East and Africa, where spending is...
Sometimes we wish we were birds. Flying to innumerable places, seeing the world through eyes unencumbered by boundaries and restrictions. But where our idealistic dreams of being birds and soaring across the world map may be left short-changed, there...
Technological penetration in MENA has been quite extensive and all encompassing accounting for very positive trendsThere’s a lot that the world knows about MENA (Middle-East and North Africa) just as there’s so much more that the world doesn't know...
Saudis could face a five-year jail term and up to $800,000 fines for sending offensive tweetsSaudi 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...
If you intend to visit any Arab country, you are likely going to come across many indignant people criticizing the so-called international community for being a mere self-serving interest group. No matter where you are, whether at street corners,...
Saudi Arabian Monetary Agency (SAMA) announces step-change for bill payment efficiency with implementation of SAP's ERP solutionThe new system to boost SADAD Electronic Bill Presentment and Payment SystemProject Set To Deliver “Considerable Benefits to Residents Across Saudi Arabia”The Saudi...
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,...
International exhibitor participation up sevenfold at Decofair 2013Decofair 2013, Saudi Arabia’s only premium international furniture and interior design show, has seen a sevenfold increase in international exhibitor participation as global interior brands look to tap into the Gulf region’s...
The latest report on the Saudi Arabia office sector by global real estate consultancy firm CBRE.As a significant volume of new prime office space starts to enter the Riyadh market, particularly at King Abdullah Financial District (KAFD), and 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 government sources reveal that the Ministry of Labor has formed a team of recruitment companies to propose ways to formalise the domestic worker recruitment market. The team has been tasked to devise a mechanism for negotiations for domestic workers...
More than 30% of people in Saudi Arabia watch 3 to 5 hours of TV every day during Ramadan compared to an average of 2.7 hours throughout the rest of the year 85% prefer to watch their favourite programmes in...
The Saudi Arabian government has embarked on an ambitious project to build the world’s largest public transport system by awarding contracts worth USD 22.5 billion. The design and construction contracts for the first metro rail system in Riyadh have been...
Saudi Arabia's agriculture and food sectors are on solid ground, with reports of 18.5% annual growth. The increasing Saudi population, combined with higher consumption levels, are driving record growth rates.A mega agriculture and food event will be held at the...
A survey has rated the Saudi Arabia cellular market as the most competitive in the Arab world for the third consecutive year. The ratings were revealed by the Arab Advisors Group in its Cellular Competition Intensity Index 2013. The Cellular...
The healthcare sector in Saudi Arabia may come under tremendous pressure and fail to meet the growing healthcare needs of the country if the private sector does not step up and contribute. A report by Deloitte reveals that some provinces...
Saudi banking experts have claimed that the kingdom’s banking system is safest in the Arab worldEarlier 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 is expected to invest USD 45 billion to build new railway networks and upgrade existing railways throughout the Kingdom.Efforts are being undertaken to expand Saudi Arabia's existing rail networks to meet the rising numbers of railway...
In a move set to benefit licensed telecom companies, Saudi Arabia's telecom regulator has suspended Viber, the web-based communication application, throughout the kingdom.In an official statement on its website, the Communications and Information Technology Commission (CITC) said that "the...
A new report has revealed the Saudi government’s intentions to completely fill all medical jobs in the kingdom with Saudi nationals within the next five years.The Saudi government is aggressively working on plans to complete Saudization of the medical...
A new USD 1.6 billion agreement has been signed between Saudi Arabia and Egypt to link electricity grids between the two countries. Initially, an international tender for the project was planned in 2010. After facing a delay of several years...