Stubborn, delusional, or both? Saudi Arabia to keep up 'massive' public spending package despite oil price crash
Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil which provides the bulk of the kingdom’s revenue.
December 17, 2014
Ahmad Bugshan talks beats, music production and hip hop in Saudi Arabia!
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holding Company (KHC), and owner of Alarab News Channel.
December 15, 2014
A gunman holding three laborers hostage in Riyadh shot and killed a policeman Monday during an attempted rescue operation.
December 14, 2014
Crude oil supplies from Saudi Arabia inched up in November from a month earlier, an industry source said, signalling no change in the kingdom's supply
December 11, 2014
Saudi Arabia’s Interior Ministry says the country has arrested three supporters of the ISIL terrorists for the shooting and injuring of a Danish citizen late November.
By investing tens of billions of dollars, the desert nation's output grew through the 1980s until it ironically became one of the world's largest wheat exporters.
Abdullah Abu Thunain, deputy minister for inspection and work environment development, said that the punitive measures were taken following raids carried out by inspectors
December 10, 2014
Rumor has it that Kim Kardashian is traveling to Saudi Arabia!!! Shame, her famous booty will have to stay hidden under a thick abaya!
The Shoura Council is currently debating a new law to fight tasattur or illegal business activities conducted by expatriates in the name of Saudis.
December 9, 2014
Under new laws for public taxis that come into effect in 45 days, commuters in the Kingdom will no longer hail cabs on the streets.
The Ministry of Education ordered the closure of 17 international schools and issued warnings to 32 others last year for violating local laws.
The introduction of new taxes — most likely indirect — will be a last resort for GCC governments, which are coming under mounting pressures consequent to plunging oil prices,
Opec, by not cutting production in an over supplied market, is trying to limit the growth of oil which is produced at a higher marginal cost.
There were over 2,758 job opportunities offered, and only 811 vacancies were filled.
December 8, 2014
Saudi Arabia’s King Abdullah bin Abdulaziz has carried out an extensive cabinet reshuffle.
The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million).
December 7, 2014
Saudi Arabia has detained 135 people whom it has accused of planning to carry out terrorist activities and destabilizing the country’s security, the Saudi Interior Ministry says.
Standard and Poor's has lowered the outlook for Saudi Arabia to stable from positive and Oman to negative on sliding oil prices.
Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010.
December 4, 2014
“The Saudis’ approach is that ‘we’ll step back and let Yemen see the consequences of their choice of the Houthis and eventually they’ll come to their senses’.
Saudi Foreign Minister Prince Saud Al-Faisal said that the fight against Islamic State of Iraq and Syria cannot be waged by aerial bombing alone during a speech to representatives of the US-led anti-ISIS coalition on Wednesday.