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.
May 21, 2013
The five men were convicted of murder and committing a string of robberies across a number of towns in the the desert Kingdom
The Tunisian Health Ministry statement confirmed that a 66 year-old man has died from the coronavirus
INJAZ Saudi Arabia said the country needs a number of qualified executives and skilled manpower to drive the economy and make the best of the current economic boom in the Kingdom.
May 19, 2013
Saudi woman Raha Moharrak reached the summit of Nepal’s Mount Everest, the world’s highest peak, in a first for the conservative Muslim kingdom where women’s sports are severely restricted, tourism officials said on Sunday.
Boeing has delivered a 777-300ER extended range plane to Saudi Arabian Airlines (Saudia), marking the latest milestone in its longstanding relationship with the airline and the kingdom.
May 18, 2013
Saudi Arabia keeps Egypt's Muslim Brotherhood at an arm's length in spite of its open support to Arab Islamist movements.
Calling a spade a spade, it's rape not a Holy War.