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May 19, 2013

Saudi woman tops Everest as country warms to women in sports
22:41 GMT
Saudi woman Raha Moharrak reached the summit of Nepal’s Mount Everest, the world’s highest peak, in a first for the conservative Muslim kingdom where women’s sports are severely restricted, tourism officials said on Sunday.
The airline currently has a backlog of 21 Boeing airplanes on order
14:15 GMT
Boeing has delivered a 777-300ER extended range plane to Saudi Arabian Airlines (Saudia), marking the latest milestone in its longstanding relationship with the airline and the kingdom.
Saudi Arabia aspires to increase mutual trade with other countries
12:34 GMT
Saudi Arabia's nonoil exports to the Arab countries had increased five-fold compared to the past seven years.

May 18, 2013

Morsi's looks won't be enough to win Saudi Arabia over.
05:00 GMT
Saudi Arabia keeps Egypt's Muslim Brotherhood at an arm's length in spite of its open support to Arab Islamist movements.
First to fight, first to suffer. Where did the Syrian women's revolution go?
05:00 GMT
Calling a spade a spade, it's rape not a Holy War.

May 16, 2013

A sky view of Mecca, Saudi Arabia
14:36 GMT
Saudi Arabia will continue to make the most of the competitive advantage presented by its hydrocarbon reserves despite rising US shale oil production.
Retail showed the best performance among sectoral indices
13:04 GMT
The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,147.42, adding 8.11 points or 0.11 percent for the entire day.
Credit is likely to maintain the current trajectory
12:57 GMT
Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.

May 15, 2013

Saudi Arabia has resorted to strong fiscal stimulus measures
13:57 GMT
Saudi Arabia’s real GDP is estimated to have expanded 6.8 percent in 2012.
Poster from Saudi Arabia's first anti-domestic violence campaign
10:25 GMT
The ad is meant to define domestic violence in Saudi Arabia as being a social issue and divert attention from the government’s lack of laws that protect women, writes Mohamed Hemish about a new Saudi campaign on domestic violence.

May 14, 2013

Greenbox Museum in the Gulf
12:25 GMT
What's so special about Saudi's small Greenbox Museum that has received more Facebook likes than any other museum in the world?
Jazan Economic City
11:31 GMT
In its first stage, the factory will produce 500,000 tons of titanium dioxide and 250,000 tons of pure raw steel for local consumption.
A Saudi health ministry official visits patients infected with a new SARS-like virus at a hospital in the eastern Saudi province of al-Ahsaa on May 13, 2013 (AFP)
09:52 GMT
The four new cases have been confirmed in Saudi Arabia's Eastern Province

May 13, 2013

Tadawul FX offices
10:32 GMT
The Tadawul All-Share Index (TASI) ended yesterday’s trading in the red at 7,195.17 points
Country will be “lucky to go past” its current oil production of about 9 mbpd by 2020
10:09 GMT
Saudi Arabia’s energy minister said the kingdom has no plans to dramatically expand its oil production capacity to 15 million barrels per day
French Social Affairs and Health Minister Marisol Touraine visits the French Health Protection Agency (Institut de veille sanitaire, InVS) on May 12, 2013, in Saint-Maurice, outside Paris, after a man contracted a deadly new SARS-like virus after having come into contact with another man confirmed to have been infected. (Bertrand Langlois/AFP)
09:29 GMT
Respiratory virus has killed 15 people of the 24 that have contracted it in Saudi Arabia since it was identified in September 2012

May 12, 2013

The GCC projects industry is expected to have another stellar year in 2013
12:49 GMT
The GCC projects industry is expected to have another stellar year in 2013 as the value of contracts to be awarded is expected to reach $1.35 trillion by year-end, significantly higher than the $ 730 billion total last year.
Islamic bonds have shown defensive quality while offering yield improvement
11:27 GMT
Islamic bonds have shown defensive quality while offering yield improvement
Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi addresses the audience during a lecture in The Center for Strategic and International Studies (CSIS) in Washington DC in this April 30, 2013 file photo. (AFP)
11:12 GMT
The Kingdom can reduce its dependence on oil revenues by creating a strong sovereign wealth fund (SWF), according to some experts.
Commerce and Industry Minister Tawfiq Al-Rabiah speaks at the Forum for Indigenization of Electrical Equipment Industry in Riyadh.
10:54 GMT
Commerce and Industry Minister Tawfiq Al-Rabiah has commended the keenness of Saudi Electricity Company (SEC) to encourage national industries through the purchase of electrical products in the Kingdom.
Asha 501
06:06 GMT
Nokia is preparing to launch Asha 501 across the Saudi market in July. A senior Nokia executive made this announcement as the company unveiled a new family of Asha smart phones in New Delhi.

May 9, 2013

Feral cats crowd a boat in the hopes of receiving scraps from fishermen at a local dock (Photo by Greg Kahn/Getty Images)
12:09 GMT
The Saudi Presidency of Meteorology and the Environment department seeks to develop and activate all possible means, as well as deploy the latest technology, to protect people and properties from the elements and environmental pollution.
Abdullah Al-Suweilmy with Richard Banks, director, emerging markets of Euromoney, in Riyadh. (AN photo by Ahmed Fathy)
05:30 GMT
The Saudi stock market could possibly take the lead in any moves for integration of regional exchanges, say industry analysts.

May 8, 2013

Direct foreign ownership in Saudi equities would be the next evolutionary step
14:43 GMT
The Capital Market Authority is finalizing a regulatory framework which will allow foreigners to directly own stocks in Saudi Arabia, though the market has no need for liquidity from international investors, says its Chairman Mohammed bin Abdulmalik Al-Sheikh.
Construction workers in Saudi Arabia
11:38 GMT
Water provision and road development projects worth SR 1 billion are progressing well in the governorates of Al-Kamil and Khulais, according to Makkah Gov. Prince Khaled Al-Faisal.
Rationalization of subsidies, particularly on fuels for non-targeted participants is needed to improve Saudi productivity
11:10 GMT
Saudi Arabia should cut energy subsidies that are burdening public finances, the economy minister and the head of the state-run utility said, a move that would also tackle the issue of erosion of crude exports.
Technical and financial offers for the bus network project this month had been received from six coalitions already qualified to compete for the implementation of the project
07:07 GMT
The High Commission for Riyadh Development (HCRD) has offered investment opportunities in various real estate projects being implemented here.
Finance Minister Ibrahim Al-Assaf addresses the 8th Euromoney Conference in Riyadh on Tuesday. (AN photo by Ahmed Fathy)
06:19 GMT
Finance Minister Ibrahim Al-Assaf has said the Kingdom achieved a growth rate of seven percent due to its sound economic policy and planning carried out with the private sector participation.
Nasair has recorded a 20 per cent increase in passenger numbers since the beginning of the year
05:30 GMT
Nasair, a low-cost carrier based in Saudi Arabia, is set to go public as the airline prepares for an initial public offering (IPO), a top official said.

May 7, 2013

King Abdullah Bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, greets guests during the inauguration of King Abdullah University of Science and Technology (KAUST) on September 23, 2009 in Thuwal, Saudi Arabia.
10:55 GMT
The priority given to Saudi Arabia’s infrastructure development is yielding dividends, says Abdulaziz M. Al-Angari, board member and vice president of Al-Angari Holding Company.
Qatar Airways' inaugural passenger flight to Chicago is welcomed by a traditional water salute at Chicago O'Hare Airport on April 10, 2013 in Chicago, Illinois.
06:13 GMT
Qatar Airways is preparing to open business in Saudi Arabia as one of two operators that won in December licenses to serve the Kingdom’s domestic market.

May 6, 2013

The Kingdom’s trade surplus grew from SR 150.65 billion in 2002 to SR 874.17 billion in 2011, according to official data.
13:22 GMT
KSA's trade balance has improved drastically over the last decade, according to a new national report
Emile Habib of Gulf Related with Yasir Abu Sulayman of NCB and senior executives.
11:55 GMT
Gulf Capital announced yesterday that it had signed a SR 450 million ground-breaking financing facility deal with National Commercial Bank (NCB). The ten-year facility will help finance Gulf Related’s first real estate development in the Kingdom.
Saudi housing sector growth fastest in Middle East
11:37 GMT
According to the statistics that have been conducted in 2013 Saudi Arabia is a country of approximately 18 million citizens with a land area of about 1.96 million square kilometers.
The ministry is expecting a big increase in tourism with major drivers
10:49 GMT
The Ministry of Tourism (MoT) is going all out to woo tourists from the region, especially Saudi Arabia.