Saudi Arabia

May 22, 2013

Fruits and vegetables market
11:13 GMT

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.

It is expected that the rents of apartments in the south and east of Jeddah to drop
11:09 GMT

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.

The IMF said a drop in oil output and lower crude prices would likely result in smaller fiscal surpluses in 2013.
06:06 GMT

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.

The Lamar Towers project occupies a 34,800sqm plot
05:00 GMT

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 security forces (AFP)
03:00 GMT

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 beheaded men were put on public display (Twitter / @Kamal070)
14:02 GMT

The five men were convicted of murder and committing a string of robberies across a number of towns in the the desert Kingdom

Coronavirus seen under an electron miscroscope (British Health Protection Agency/ AFP)
12:02 GMT

The Tunisian Health Ministry statement confirmed that a 66 year-old man has died from the coronavirus

The ministry will hand unskilled jobs to locals eventually
10:49 GMT

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 tops Everest as country warms to women in sports
22:41 GMT

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.

The airline currently has a backlog of 21 Boeing airplanes on order
14:15 GMT

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

Morsi's looks won't be enough to win Saudi Arabia over.
05:00 GMT

Saudi Arabia keeps Egypt's Muslim Brotherhood at an arm's length in spite of its open support to Arab Islamist movements.

First to fight, first to suffer. Where did the Syrian women's revolution go?
05:00 GMT

Calling a spade a spade, it's rape not a Holy War.

May 16, 2013

Retail showed the best performance among sectoral indices
13:04 GMT

The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,147.42, adding 8.11 points or 0.11 percent for the entire day.

Credit is likely to maintain the current trajectory
12:57 GMT

Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.

May 15, 2013

Saudi Arabia has resorted to strong fiscal stimulus measures
13:57 GMT

Saudi Arabia’s real GDP is estimated to have expanded 6.8 percent in 2012.