Saudi Arabia
May 27, 2013
Saleh Al-Awaji, deputy minister of water and electricity, inaugurated the 16th International Trade Exhibition for Electricity Power Generation, Alternative Energy, Water Technology, Lighting and HVAC.
The Saudi stock market continued its negative movement, marking another small decline of 0.19 percent yesterday.
Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during the Muslim fasting month of Ramadan, trade sources said.
18 people in Saudi Arabia have died from a SARS-related respiratory virus, as the World Health Organisation seeks more information on the virus and how to prevent it.
May 26, 2013
Arabtec Holding announced that its joint venture between Arabtec Saudi Arabia and Greece’s Terna has been awarded a SR 404 million ($107 million)contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
The Saudi stock market slumped yesterday, reversing after a 6-day surge and dropping more than 29 points for the day.
Saudi Arabia advises against Assad's presence at the upcoming Geneva II peace talks, although his attendance has already been announced by Russia.
May 23, 2013
Bank Alkhair, a Bahrain-headquartered Islamic wholesale bank, has announced the successful closure of the first tranche of a $750 million sukuk programme by Saudi Arabia's Dar Al Arkan real estate development company.
Eight men in Saudi Arabia have been convicted of working for Al Qaeda and sending the organisation information on officials in the Saudi government.
The Islamic Development Bank Group has decided to increase its authorized capital from $ 45 billion (30 billion Islamic dinars) to $ 150 billion (100 billion dinars) on the recommendation of the two extraordinary Islamic summits held in Makkah.
May 22, 2013
The largest fruit and vegetable factory has opened its doors to Saudi women for the first time, hiring 100 female employees and aiming to hire 300 more in the coming two years.
Experts say the rent hikes were due to rising costs of building and renovation, and the increase in the wages of workers in the construction and management of building.
Saudi economic growth will slow to 4.4 percent in 2013 from 6.8 percent last year due to an expected fall in oil production, and cuts in government spending, the International Monetary Fund said Tuesday.
Drake & Scull Construction (DSC) the General Contracting Arm of Drake & Scull International PJSC (DSI) has announced that it has been awarded a SAR 1.725 billion (some $460 million) contract by Lamar Investment and Real Estate Development Co. to complete the Lamar Towers project in Jeddah, Saudi Arabia.
Saudi officials announced on Tuesday that it had arrested 10 members of an alleged Iranian spy ring, including Saudi, Lebanese and Turkish citizens.