The country has maintained high oil production and exports by historical standards in the first half of this year.
July 24, 2014
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.
OPEC member countries exported 4.5 mb/d of petroleum products in 2013, with the largest share devoted to Asian and Pacific countries (3.1 mb/d or 68.5 percent)
Saudi Arabia will emerge as the world's seventh largest capital market by by 2030 according to a recent report.
July 23, 2014
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion.
Investors have welcomed a Saudi Cabinet decision to allow direct foreign investment in the country's stock market, with the move being seen as an attempt to diversify the economy away from oil.
July 22, 2014
Qatar's top leader arrived in Saudi Arabia Tuesday in a rare visit since a major rift developed between Doha and Riyadh earlier this year.
New projects in the central area of Makkah has led Saudi and Gulf businessmen to renting out housing units in hotels overlooking the Grand Mosque for long-term lease of up to 15 years
July 21, 2014
Saudis pay the cheapest electricity bills, according to one report, but seemingly not for long.
Mecca authorities are only allowing Umrah pilgrims wearing "ihram" pilgrimage attire to enter the Grand Mosque.
“Houses and farms are still being maintained and have been registered via official documents since the Saudi Embassy had been established in Damascus,” he said.
Saudi singer Waad has sadly announced the death of her brother.
The Ministry of Municipal and Rural Affairs has criticized the Saudization scheme of replacing expatriate employees with Saudi nationals, which has resulted in a shortage of experts in many positions.
Saudi Arabia is all abuzz with excitement about ‘Smart Cities’ with social and technological factors converging to make the Kingdom ready for wide-spread Smart City developments.
July 20, 2014
Sabic, which is 70 per cent state-owned, attributed the rise in profits to higher production and sales volumes as well as higher prices for products.
July 18, 2014
Four Civil Defense units, backed up by two rescue teams, battled for several hours a fire that ripped through a cluster of makeshift houses built on an empty plot in Al-Mansour Street in Mecca Thursday night.