Saudi Arabia

September 2, 2014

Emirates NBD will expand operations in Saudi, according to the company's CEO, Shayne Nelson (File/AFP)
12:03 GMT

Dubai's largest bank, Emirates NBD, is looking to increase its presence in Saudi Arabia, CEO of the company announced.

Siemens will construct static var compensators across several substations in Saudi Arabia (File)
11:39 GMT

German technology giant Siemens won two contracts with Saudi Electricity Company to construct static var compensators (SVCs), across the kingdom.

Total earnings across the GCC rocketed by 11 percent to $33 billion in comparison to the same period in 2013 (File/AFP)
11:03 GMT

UAE corporate earnings increased by 16 percent in the first half of the year, surpassing the average growth rate for the GCC region.


He said laboratory tests before arrival were “strictly required” by the Labor Ministry for all foreigners coming from West Africa.
05:35 GMT

The Kingdom on Monday stopped granting visas to workers from Guinea, Liberia and Sierra Leone, the countries worst-hit by the deadly Ebola virus.

September 1, 2014

The Starbucks program is currently available in Bahrain, Kuwait, UAE, Qatar, Oman, Saudi, Lebanon, Jordan and Egypt (File/AFP)
08:15 GMT

Global coffee chain Starbucks launched a 'Branded Solutions' scheme, where businesses in the MENA region can supply quality coffee to the workplace.

The Saudi Ministry of Housing has rejected more than 300,000 applications for housing, while accepting more than 620,000 applications deemed eligible for the housing aid.
04:55 GMT

The shunned applicants argued that most of the rules by the Ministry of Housing are not clear.

August 31, 2014

US President Barack Obama and King Abdullah of Saudi Arabia. [AFP]
08:20 GMT

Saudi Arabia’s monarch King Abdullah has warned that the West will be the next target of the ISIL Takfiri terrorists sweeping across Syria and Iraq, unless there is "rapid" action.

August 28, 2014

Petrochemicals supported the uptrend of the kingdom's stock market (File/AFP)
11:33 GMT

The Tadawul All-Share Index breached 11,000-mark with a six-year high. Strong global demand for petrochemicals supported the increase.

Saudi Arabia's unemployment rate is believed to be around 11.4 percent (File/AFP)
10:46 GMT

Saudi authorities denied reports that a proposal to reduce public sector working hours to 40 a week was being scrapped.

August 27, 2014

Picture distributed by the Islamic State, showing militants including a commander known as Abu Waheeb. [Mashable]
16:57 GMT

ISIL militants have reportedly threatened to attack Saudi Arabia during Eid-Adha (the Feast of Sacrifice) that marks the culmination of the annual Hajj pilgrimage, a report says.

A draft of the new labour law initially stipulated a 40-hour working week, down from 48
10:26 GMT

A plan by Saudi Arabia’s labour ministry to give two days off a week in the private sector is being shelved following tremendous pressure from investors and the business community.

Prince Faisal bin Salman praised the holy city for its efforts to encourage young people into business (File/AFP)
09:54 GMT

Prince Faisal bin Salman said Medina is an investment-friendly province and called for young people to put their ideas into viable projects.

The new guide also includes information on small-business growth
08:41 GMT

Research and consultancy firm Oxford Business Group published a new guide to Saudi Arabia's economy and finance.

Hossein Amir Abdollahian was in Jeddah for talks with Saudi government officials. (AFP/File)
07:12 GMT

Saudi and Iranian officials met for talks for first time since Hassan Rouhani was elected president in an effort to thaw relations between the two countries.

That occupancy rates have dropped by 50 percent over the past week
06:57 GMT

Children’s new bedtimes for school are keeping families away from entertainment venues, leading to a sharp dip in revenues following an extravagant 100-percent occupancy rate during Ramadan and Eid.