Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Egypt calls Erdogan statements ‘ironic,’ accuses Turkey of sponsoring terrorism
:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of More »
Saudi Crown Prince: Attacks are test of int’l resolve against destructive acts
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that More »
Saudi Crown Prince says attacks on oil facilities are a ‘dangerous escalation’
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown More »
Category Archives: Commerce
Tata Steel to press ahead with cost cuts
Tata Steel Ltd, Europe’s second-largest steel producer, said on Thursday it will press ahead with cost cuts and restructuring to cope with a surge in cheap Chinese exports to Europe and India, its two key markets. Tata, which posted a
Saudi Aramco demonstrates track-record of energy efficiency
Saudi Aramco has welcomed global energy ministers, officials and experts from the Carbon Sequestration Leadership Forum (CSLF) to its Dhahran headquarters to demonstrate its industry leadership in greenhouse gases (GHG) management, including energy efficiency and carbon capture and storage (CCS).
Jeddah’s first bagel bar
If you’re a morning person but struggle to find things to do on a weekend morning, a relaxing morning in one of Jeddah’s coffee houses would be a great choice. One of the Jeddah’s coffee café franchises, Bagel Bar and
Automechanika Jeddah opening eagerly awaited
Exhibition space for the inaugural Automechanika Jeddah 2016 is fully booked, as the countdown begins to the start of Saudi Arabia’s only dedicated automotive aftermarket trade show early next year. With more than 150 exhibitors signing on, Automechanika Jeddah will
Airbus shows off new A350XWB in Jeddah
King Abdulaziz International Airport greeted the world’s newest, most modern and efficient aircraft, the A350 XWB, which had a stopover in Jeddah while on its region demo tour. The aircraft landed in Jeddah on Tuesday and was welcomed by representatives
Applebee’s opens its 17th restaurant in Saudi Arabia
APPLEBEE’S Grill and Restaurant, which is the world’s largest casual dining chain with more 2,000 restaurants in around 19 countries, has now opened its 4th restaurant in Jeddah at Salam Mall. There are now total 17 Applebee’s in Saudi Arabia.
CEO: Mobily aims to become profitable again in short term
Mobily’s CEO Ahmed Farroukh believes that the cleanup has been made and the company is in a better position. “After what happened, if you really ask me what you are going to do, I will say that we will go
Trade, hospitality sectors’ outlook strengthens in Q4
Dun & Bradstreet South Asia Middle East Ltd. (D&B) in association with the National Commercial Bank (NCB) released the D&B Business Optimism Index (BOI) survey for Saudi Arabia for Q4 2015. The BOI survey reveals lower optimism levels for the
GE finalizes $10.7bn takeover of Alstom energy assets
General Electric announced Monday that it had finalized a deal to acquire the energy assets of France’s Alstom for 9.7 billion euros ($10.7 billion). The figure includes the cost of creating three new joint ventures covering renewable energy, electricity grids
China unveils jetliner in bid to compete with Boeing, Airbus
A state-owned manufacturer on Monday unveiled the first plane produced by a Chinese initiative to compete in the market for large passenger jetliners. China is one of the biggest aviation markets but relies on Boeing and Airbus aircraft. The multibillion-dollar
Turkish Airlines unveils nonstop service from Miami to Istanbul
TURKISH Airlines launched nonstop service from Miami International Airport to Istanbul Atatürk Airport on Oct. 25. To generate excitement for the new service, Turkish Airlines engaged 7-time Guinness World Records record holder The Sand Sculpture Company and its owner Ted
India unveils aviation plan to ‘take flying to the masses’
New Delhi has announced a plan to make air travel affordable for millions more Indians, with schemes to revive ailing airports and connect rural areas that it said would “take flying to the masses.” The long-awaited draft policy aims to
Delta abandons its route from Atlanta to Dubai
The latest salvo in the battle between US and Middle East airlines features Delta Air Lines abandoning its route from Atlanta to Dubai. Delta has led the charge with American and United airlines in accusing three rival airlines in the
Airbus ramps up A320 output as profits climb
European aircraft maker Airbus announced it will ramp up production of its best-selling A320 jet as overall profits climb sharply. Airbus, like its main rival Boeing, is enjoying strong sales in a “healthy” international market. In a sign of Airbus’
Apple finally opens the doors to its first Middle East store
Meet the welcoming party at Dubai’s new Apple store in Mall of the Emirates – a mall that has previously always been known for its vast indoor ski slope. But on Thursday the mall made retail history when the technology
KSA, China sign oil technology accord
Saudi Arabia and China have signed a technology agreement to share expertise that would add further value to the oil industry. The two countries would each set up a center for the transfer of technology, said Prince Turki bin Saud
Al-Naimi upbeat on growth of mining and minerals industry
Saudi Arabia has an ambitious plan to increase the share of mining in GDP to SR260 billion by 2030, Petroleum and Minerals Minister Ali Al-Naimi said in Riyadh. The minister was inaugurating the first Saudi Mining and Minerals Conference in
Toyota overtakes VW to regain lead in vehicle sales
Toyota was the world’s top-selling automaker for the first nine months of this year, selling nearly 7.5 million vehicles, and overtaking Volkswagen which was in the No. 1 spot for the half year. Toyota Motor Corp.’s global sales for the
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