Saudi Arabia

May 16, 2013

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?

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.

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

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.