May 19, 2013
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.
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's nonoil exports to the Arab countries had increased five-fold compared to the past seven years.
May 18, 2013
Saudi Arabia keeps Egypt's Muslim Brotherhood at an arm's length in spite of its open support to Arab Islamist movements.
Calling a spade a spade, it's rape not a Holy War.
May 16, 2013
Saudi Arabia will continue to make the most of the competitive advantage presented by its hydrocarbon reserves despite rising US shale oil production.
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.
Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.
May 15, 2013
Saudi Arabia’s real GDP is estimated to have expanded 6.8 percent in 2012.
"There is not one law in Saudi Arabia that regards violence toward women as an illegal activity": what's really behind Saudi's domestic abuse problem?
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
What's so special about Saudi's small Greenbox Museum that has received more Facebook likes than any other museum in the world?
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.
The four new cases have been confirmed in Saudi Arabia's Eastern Province
May 13, 2013
The Tadawul All-Share Index (TASI) ended yesterday’s trading in the red at 7,195.17 points
Saudi Arabia’s energy minister said the kingdom has no plans to dramatically expand its oil production capacity to 15 million barrels per day
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 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
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 has commended the keenness of Saudi Electricity Company (SEC) to encourage national industries through the purchase of electrical products in the Kingdom.
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
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.
The Saudi stock market could possibly take the lead in any moves for integration of regional exchanges, say industry analysts.
May 8, 2013
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.
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.
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.
The High Commission for Riyadh Development (HCRD) has offered investment opportunities in various real estate projects being implemented here.
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, 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
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 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
KSA's trade balance has improved drastically over the last decade, according to a new national report
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.
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 of Tourism (MoT) is going all out to woo tourists from the region, especially Saudi Arabia.