May 8, 2013
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
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
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.
The Ministry of Tourism (MoT) is going all out to woo tourists from the region, especially Saudi Arabia.
May 5, 2013
The Saudi education ministry’s decision to allow girls in private schools to play sports should certainly be hailed as a positive move. But it is yet another reminder of the deep gender disparity that exists in the country.
Gulf countries always fail the freedom of the press test, as seen with the 2013 World Press Freedom Index issued by Reporters Without Borders. Although these countries are wealthy and boast the trappings of modern states, they continue to rank at the bottom.
May 2, 2013
At least five people have died in Saudi Arabia from a virus similar to the one that causes Severe Acute Respiratory Syndrome (SARS), the country’s health ministry says.
April 30, 2013
Saudi Arabians have been ranked the world’s biggest spenders abroad, with travelers budgeting an average of $6,666 per trip, according to a survey by Visa.
The price of OPEC basket of twelve crudes stood at US$100.91 dollars a barrel on Monday, up slightly from Friday's trading.
Visitors from Saudi Arabia represent a small but high value and fast-growing proportion of the small Emirate of Ras Al-Khaimah's tourism sector, according to officials.
April 25, 2013
This is the man whose sizzling good looks are deemed a threat to Saudi national security. Whether because gay men might fall for him or straight fellows could fall foul of his irresistible charms, Saudi Arabia was none too pleased with Omar Borkan al Gala’s hot face on its sand soils. A closeup in a provocative photo panel of the man ejected from the KSA for being too handsome for his own good.
Saudi-owned projects worth 5 billion riyals ($1.3bn) have stalled in Egypt, with at least 20 projects pending, a senior minister has said.