Saudi Arabia
May 12, 2013
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 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
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.