October 5, 2014
IMF managing director Christine Lagarde warned of the fragile recovery of the global economy and the effects of the turmoil in the Middle East, especially the war against ISIS and the instability of Iraq and Syria, which could trigger higher global oil prices.
October 3, 2014
Fifteen Egyptian pilgrims died in Mecca from various reasons, including a 56-year-old man who died as a result of severe hypertension, officials reported.
October 2, 2014
"The proposed sale will help replenish Saudi's current Patriot missiles which are becoming obsolete and difficult to sustain due to age and the limited availability of repair parts," the agency said.
"Opec appears to be gearing up for a price war."...."I think Brent will fall below $88 before we see the bottom of the market."
Actors Hassan Al Raddad & Horiya Farghaly make their way to the Holy Muslim pilgrimage of Hajj in Mecca.
October 1, 2014
The shale oil boom in the US began in 2008 and has increased US crude output by 60 percent
The launch, days before the annual haj pilgrimage, is timely. An estimated 1.4 million Muslim pilgrims are expected to arrive in the kingdom this year.
September 30, 2014
A key differential factor in this period in that volatile producers in Africa and the Middle East experienced a spike in production.
September 29, 2014
Mohammed Yousuf Naghi Motors confirmed a 51 percent surge in sales over the same six-month period in 2013
Only nine percent of high school graduates have taken up technical and vocational programs in the Kingdom compared with 41 percent in OECD member countries and 37 percent in Turkey
September 28, 2014
The Saudi government has awarded a contract worth more than SR1.4 billion ($373 million) to three local companies for a major water project in the capital Riyadh.
Hajj 2014: Countdown to the Islamic Pilgrimage
September 25, 2014
The petroleum aid has not, however, managed to noticeably ease Egypt’s energy frequent power cuts, even in upscale areas.
September 24, 2014
As part of Damas’s redefined global strategy, the brand has divided its retail stores into two formats - ‘Damas’ and ‘Damas Collections’.
A meeting between foreign ministers from Saudi Arabia and Iran to tackle regional developments had no positive outcome, sources said.