August 28, 2014
The Tadawul All-Share Index breached 11,000-mark with a six-year high. Strong global demand for petrochemicals supported the increase.
Saudi authorities denied reports that a proposal to reduce public sector working hours to 40 a week was being scrapped.
Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with the National Commercial Bank released the D&B Business Optimism Index (BOI) survey for Saudi Arabia for Q3, 2014. The BOI survey highlights the weakening of optimism levels of both the hydrocarbon and non-hydrocarbon sectors.
August 27, 2014
ISIL militants have reportedly threatened to attack Saudi Arabia during Eid-Adha (the Feast of Sacrifice) that marks the culmination of the annual Hajj pilgrimage, a report says.
A plan by Saudi Arabia’s labour ministry to give two days off a week in the private sector is being shelved following tremendous pressure from investors and the business community.
Prince Faisal bin Salman said Medina is an investment-friendly province and called for young people to put their ideas into viable projects.
Research and consultancy firm Oxford Business Group published a new guide to Saudi Arabia's economy and finance.
Saudi and Iranian officials met for talks for first time since Hassan Rouhani was elected president in an effort to thaw relations between the two countries.
Children’s new bedtimes for school are keeping families away from entertainment venues, leading to a sharp dip in revenues following an extravagant 100-percent occupancy rate during Ramadan and Eid.
August 26, 2014
Food imports have a key role to play in Saudi Arabia's booming agriculture industry. While the Kingdom emerges as a key player for food trade, it is because almost 70 percent of it is imported.
The Jeddah Chamber of Commerce and Industry is hosting a program for training Saudis with high school education or less in coordination with public and private sector agencies.
Saudi investments in the Sudan are expected to cross $13 billion (SR48.75 billion) in the next few months, particularly following a decision on canceling entry visas for Saudi investors.
August 25, 2014
Shi'ite Muslim Iran and Sunni Saudi Arabia are enmeshed in a struggle for influence across the Middle East and back opposing sides in conflicts across the region.
They say it's a sign of good hospitality when you offer visitors a cup of coffee! Saudi Arabia is the largest coffee consuming country in the world with an industry worth $267 million.
Saudi Arabia continued to be Dubai’s primary source market as more than 5.8 million tourists stayed in Dubai hotels during the first half of 2014.
August 21, 2014
Saeed Al-Bassami,has revealed that Saudization is one of the main challenges facing the surface transportation sector in the Kingdom.
August 20, 2014
Labor Ministry spokesman Tayseer Al-Mufarrej said that the new arrangement was aimed at protecting the interests of both sponsors and workers during their contractual period of employmen
August 19, 2014
Some international banks have started shrinking in Saudi Arabia even as the kingdom plans to open its $577 billion stock exchange to direct international investment
Saudi Arabia's Grand Mufti Sheikh Abdul Aziz al-Sheikh has strongly condemned ISIS in recent statements.
The Interior and Labor ministries have stepped up their campaign to drive out residency and labor rule violators across the Kingdom after arresting nearly 8,500 foreigners in the Makkah region over the past two months.
The Saudi Tadawul All Share Index rose 0.48 percent to close at 10,639.04 points, its highest finish since January 2008 and its 13th gain in the 15 sessions since authorities announced plans to allow direct foreign ownership of shares early next year.
August 18, 2014
Saudi Foreign Minister Prince Saud Al-Faisal met Sri Lankan Ambassador Mohamed Hussein Mohamed in Jeddah on Sunday to discuss strengthening bilateral relations.
King Abdullah donated an additional $1 million for Palestinian families in the West Bank, which would benefit up to 81,000 people.
Armed men attacked the motorcade of a Saudi prince Monday.
Saudi women married to expats to finally receive housing support.....under a series of ridiculous conditions
The housing crisis in Saudi Arabia is considered to be one of the biggest problems in society as over 70 percent of Saudi nationals do not own their own homes.
August 17, 2014
Iraq's President Fuad Masoum said his government would make a "series of communications and initiatives" with Saudi Arabia to ensure strong ties with the kingdom.
A clash of civilizations: are foreigners newly entering the Saudi stock market about to face a culture shock?
Saudi Arabia is one of the last major markets in the world to open up, so the reform is attracting massive interest among international fund managers