Most Popular

Today

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

August 19, 2014

Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licenses as they struggle to compete.
21:13 GMT
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
Militants from the Islamic State have been terrorizing Iraqi citizens and taking control of major Iraqi cities since June. (AFP/File)
17:07 GMT
Saudi Arabia's Grand Mufti Sheikh Abdul Aziz al-Sheikh has strongly condemned ISIS in recent statements.
The new arrests came as security authorities weigh options to issue tickets to both illegal workers and their employers instead of arresting them, sabq.org reported.
04:55 GMT
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.

“Petrochemicals stocks are very promising - SABIC is probably the cheapest global petrochemical producer and I expect it will be one of the first stocks to be allowed direct foreign ownership,” said Chawdhry.
01:04 GMT
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 (AFP/ File Archive).
16:00 GMT
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's donation was in response to a proposal made by the World Food Program (File/AFP)
13:20 GMT
King Abdullah donated an additional $1 million for Palestinian families in the West Bank, which would benefit up to 81,000 people.
Police have yet to identify the attackers. (AFP/File)
10:03 GMT
Armed men attacked the motorcade of a Saudi prince Monday.
The Saudi woman should be the sole breadwinner for the family and not her husband. In the second case,
04:55 GMT
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

Fuad Masoum made the comments in his first major interview since becoming Iraq's head of state on July 24 (File/AFP)
14:04 GMT
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.
Activity is dominated by about 4.3 million retail investors who buy stocks straight from the market rather than going through professional fund managers.
10:44 GMT
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

August 13, 2014


After nearly three years of waiting, many Saudis have become disillusioned from this ministry that promised so much but delivered so little.
20:23 GMT
A rising gap between what is available on the market and what most Saudis can afford has left many frustrated home-seekers on the edge
Haidar Al-Abadi is widely expected to unify Iraq's Kurds, Shia and Sunni groups (File/AFP)
10:47 GMT
Saudi Arabia's King Abdullah congratulated Haider Al-Abadi on becoming the next prime minister of Iraq, expressing hope that Sunnis, Shia and Kurds would be unified.

August 12, 2014

A handout picture released by the Saudi Press Agency (SPA) shows Egypt's President Abdel Fattah al-Sisi during his meeting with Saudi Arabia's King Abdullah bin Abdul Aziz al-Saud during their meeting in the Red Sea port of Jeddah on August 10, 2014. [AFP]
11:59 GMT
Egyptian President Abdel-Fattah El-Sisi met with Saudi Arabia's King Abdullah late Sunday where they reportedly tackled the restive situation in various countries in the Arab world.

August 10, 2014

The majority of capacity additions within the GCC between 2007 and 2012 took place in Saudi Arabia, which accounted for 64 percent of the regional capacity additions.
15:00 GMT
The expansion in ethylene production capacity has resulted in Saudi Arabia being the third largest producer worldwide, accounting for 11 percent of global ethylene capacity.

August 6, 2014

The deadly Ebola virus causes massive internal bleeding and has no cure. (AFP/File)
18:30 GMT
A Saudi Arabian national has died after returning from Sierra Leone and is being tested for the Ebola virus.
The goal of labor policy is full employment of the Saudi workforce, the report stated.
12:19 GMT
“Carrying out employment strategy requires providing the necessary resources to carry out mechanisms within a specific timeframe,” the ministry said.