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September 2, 2014

Saudi Interior ministry's spokesman Mansour al-Turki. [AFP]
16:00 GMT
Saudi Arabia says it has arrested 88 men who are suspected of being part of an Al-Qaeda cell that was plotting attacks inside and outside of the kingdom.
Emirates NBD will expand operations in Saudi, according to the company's CEO, Shayne Nelson (File/AFP)
12:03 GMT
Dubai's largest bank, Emirates NBD, is looking to increase its presence in Saudi Arabia, CEO of the company announced.
Siemens will construct static var compensators across several substations in Saudi Arabia (File)
11:39 GMT
German technology giant Siemens won two contracts with Saudi Electricity Company to construct static var compensators (SVCs), across the kingdom.
Total earnings across the GCC rocketed by 11 percent to $33 billion in comparison to the same period in 2013 (File/AFP)
11:03 GMT
UAE corporate earnings increased by 16 percent in the first half of the year, surpassing the average growth rate for the GCC region.
Saudi Arabia's economy should gather pace for the second half of 2014 (File/AFP)
09:32 GMT
How well is Saudi Arabia's economy doing? It's time to have optimism towards the non-oil economy as it transitions into the labour market to turn favourable for 2015.

He said laboratory tests before arrival were “strictly required” by the Labor Ministry for all foreigners coming from West Africa.
05:35 GMT
The Kingdom on Monday stopped granting visas to workers from Guinea, Liberia and Sierra Leone, the countries worst-hit by the deadly Ebola virus.

September 1, 2014

There is no need to increase oil production. Instead, Saudi Arabia should use its resources better (File/AFP)
10:26 GMT
Norway makes good use of its oil and gas industries respectfully. There is room for investment with the large income obtained from the energy sector. Why doesn't Saudi Arabia live off Norway's example?
The summit will have a mix of lectures and presentations (File/AFP)
09:27 GMT
The upcoming Ministry of Communications and Information Technology, IDC Saudi Arabia CIO Summit in Saudi Arabia will be much more than an event. It will help enhance business solutions and improve technology across the kingdom.
The Starbucks program is currently available in Bahrain, Kuwait, UAE, Qatar, Oman, Saudi, Lebanon, Jordan and Egypt (File/AFP)
08:15 GMT
Global coffee chain Starbucks launched a 'Branded Solutions' scheme, where businesses in the MENA region can supply quality coffee to the workplace.
The Saudi Ministry of Housing has rejected more than 300,000 applications for housing, while accepting more than 620,000 applications deemed eligible for the housing aid.
04:55 GMT
The shunned applicants argued that most of the rules by the Ministry of Housing are not clear.

August 31, 2014

US President Barack Obama and King Abdullah of Saudi Arabia. [AFP]
08:20 GMT
Saudi Arabia’s monarch King Abdullah has warned that the West will be the next target of the ISIL Takfiri terrorists sweeping across Syria and Iraq, unless there is "rapid" action.

August 28, 2014

Petrochemicals supported the uptrend of the kingdom's stock market (File/AFP)
11:33 GMT
The Tadawul All-Share Index breached 11,000-mark with a six-year high. Strong global demand for petrochemicals supported the increase.
Saudi Arabia's unemployment rate is believed to be around 11.4 percent (File/AFP)
10:46 GMT
Saudi authorities denied reports that a proposal to reduce public sector working hours to 40 a week was being scrapped.
The economic outlook for Saudi Arabia remains favorable, with GDP growth expectations to stay above 4 percent in 2014 and 2015
09:26 GMT
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

Picture distributed by the Islamic State, showing militants including a commander known as Abu Waheeb. [Mashable]
16:57 GMT
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 draft of the new labour law initially stipulated a 40-hour working week, down from 48
10:26 GMT
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 praised the holy city for its efforts to encourage young people into business (File/AFP)
09:54 GMT
Prince Faisal bin Salman said Medina is an investment-friendly province and called for young people to put their ideas into viable projects.
The new guide also includes information on small-business growth
08:41 GMT
Research and consultancy firm Oxford Business Group published a new guide to Saudi Arabia's economy and finance.
Hossein Amir Abdollahian was in Jeddah for talks with Saudi government officials. (AFP/File)
07:12 GMT
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.
That occupancy rates have dropped by 50 percent over the past week
06:57 GMT
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

Up to 70 percent of Saudi Arabia's produce is imported, making it ideal for global markets (File/AFP)
11:08 GMT
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 program is intended to cut down unemployment among less educated Saudis
09:46 GMT
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 Arabia is a strategic partner with the Sudan in investments
06:56 GMT
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

Iran's Deputy Foreign Minister Hossein Amir-Abdollahian [AP]
12:28 GMT
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.
Saudi Arabia's coffee industry is worth $267 million annually (File/AFP)
12:20 GMT
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.
Dubai’s top 10 tourism source markets remained for the most part unchanged compared to the previous year
06:48 GMT
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

“During the past Ramadan and Eid seasons, economic revenues increased as passenger and transportation activity flourished by 50 percent due to the large number of individuals traveling to and from the holy cities.”
04:55 GMT
Saeed Al-Bassami,has revealed that Saudization is one of the main challenges facing the surface transportation sector in the Kingdom.

August 20, 2014

Under the scheme, stranded workers can seek a job with employers whose job opportunities match their profession.
04:55 GMT
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