The shale oil boom in the US began in 2008 and has increased US crude output by 60 percent
The launch, days before the annual haj pilgrimage, is timely. An estimated 1.4 million Muslim pilgrims are expected to arrive in the kingdom this year.
September 30, 2014
Even the numbers are on the feminist side: companies with females in top management yield higher returns
Board diversity having increased in almost every country and every sector, progressing from 9.6 percent in 2010 to nearly 12.7 percent at the end of 2013.
A key differential factor in this period in that volatile producers in Africa and the Middle East experienced a spike in production.
Running a dictatorship is a pricey endeavor. It comes as no surprise then that since 2010, annual spending has risen 52 percent, reaching $265.5 billion in 2013.
September 29, 2014
Mohammed Yousuf Naghi Motors confirmed a 51 percent surge in sales over the same six-month period in 2013
Only nine percent of high school graduates have taken up technical and vocational programs in the Kingdom compared with 41 percent in OECD member countries and 37 percent in Turkey
September 28, 2014
Saudi Arabia keeps things local with selection of three companies to deliver $373 million water project
The Saudi government has awarded a contract worth more than SR1.4 billion ($373 million) to three local companies for a major water project in the capital Riyadh.
Hajj 2014: Countdown to the Islamic Pilgrimage
September 25, 2014
The petroleum aid has not, however, managed to noticeably ease Egypt’s energy frequent power cuts, even in upscale areas.
September 24, 2014
As part of Damas’s redefined global strategy, the brand has divided its retail stores into two formats - ‘Damas’ and ‘Damas Collections’.
A meeting between foreign ministers from Saudi Arabia and Iran to tackle regional developments had no positive outcome, sources said.
U.S. President Barack Obama will go before the United Nations General Assembly and seek specific promises of military, financial or humanitarian support from each country against the Islamic State.
September 22, 2014
reign investors are salivating at the prospect of investing in Saudi Arabia’s well developed but frontier market with a string of world-class companies that have remained largely out of the portfolio of global fund managers.