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
Foreigners can buy into IPOs on case-by-case basis
Foreigners will be allowed to buy directly into initial public offering of shares in Saudi Arabian companies on a case-by-case basis, the chairman of the Saudi Capital Market Authority said on Tuesday. The CMA announced on Monday rules allowing foreign
Cyprus president, Prince Alwaleed discuss global economic climate
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC) and an accompanying delegation, visited the Republic of Cyprus. During the visit, Prince Alwaleed met with President Nicos Anastasiades of Cyprus at the Presidential Palace. During the meeting, President Anastasiades
Riyadh conference to focus on KSA economic reforms
Minister of Finance Ibrahim Al-Assaf will be the first in a series of distinguished speakers at the Euromoney Saudi Arabia Conference this week, which takes place at the Al Faisaliah Hotel from May 5-6. In his keynote remarks, he will
Jeddah hotel show exhibits latest products, services
The third annual Hotel Show Saudi Arabia 2015 opened in Jeddah on Sunday, to thousands of hospitality professionals from throughout the Kingdom and beyond. Being held with the support of Prince Abdullah bin Saud bin Mohammed Al-Saud, chairman of the
Adel Al Jubeir sworn in as new Saudi foreign minister
Former Saudi Ambassador to the United States Adel Al Jubeir was sworn in on Monday before King Salman bin Abdulaziz as the kingdom’s new foreign minister, the official Saudi Press Agency reported. The top diplomat was appointed to his post
KSA to boost Singapore trade links
Economy and Planning Minister Mohammed Al-Jasser received at his office in Riyadh on Sunday Singapore’s Ambassador Lawrence Anderson. During the meeting, they exchanged cordial talks, discussed issues of common interest, and reviewed bilateral cooperation in economic fields. [wpResize] Related articles
Bahrain king, Alwaleed discuss regional and economic issues
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), visited Bahrain on Wednesday. Prince Alwaleed was received by Sheikh Abdullah bin Hamad Al-Khalifa, personal representative of King Hamad at Bahrain International Airport. The prince was accompanied by a delegation
Sharjah Airport Free Zone signs deal with Microsoft
Sharjah Airport International Free Zone (SAIF Zone) signed a Memorandum of Understanding (MoU) with Microsoft for cooperation in the field of information systems and technology and the development of electronic services and raise awareness of intellectual property rights (IPR). Saud
Microsoft profit dips as revenue rises
SAN FRANCISCO: Microsoft has reported that its quarterly profit dipped but revenue increased in a sign that it is adapting to lifestyles centered on mobile devices and cloud services. Bright spots during the three-month period ending December 31 included rising
OPEC chief expects some rebound in crude prices soon
LONDON: Oil prices at current levels may have reached a floor and could move higher very soon, OPEC Secretary-General Abdullah Al-Badri said. “Now the prices are around $45-$55 and I think maybe they reached the bottom and will see some
Current account surplus: Kingdom in strong position
Saudi Arabia’s gross domestic product (GDP) doubled during the reign of Custodian of the Two Holy Mosques King Abdullah, who died on Friday, from SR1.23 trillion in 2005 to about SR2.82 trillion in 2014. Disclosing this, Saudi Arabian General Investment
Samsung launches Galaxy A5 and A3 devices in KSA
Samsung Electronics says its all-new Galaxy A5 and A3 mobile devices are now available in the Saudi market, offering a refined, trendy design and the most advanced functions to support social networking. They are available in a variety of adventurous
Govt to bring order to chaotic mobile market
The Ministry of Commerce and Industry will issue new regulations to organize the mobile market in the Kingdom, local media reported. The move follows increasing complaints by consumers regarding mishandling and cheating in the mobile markets in Saudi Arabia, despite
Saudia boosts Manila services with Boeing 777-300ER
Saudi Arabian Airlines (Saudia) will operate 11 flights weekly to the Philippine capital Manila from Jeddah, Riyadh and Dammam using Boeing 777-300ER to meet the needs of growing passenger traffic between the two countries, said a senior Saudia official. “The
Saudi Aramco focused on long-term strategic vision
Saudi Aramco’s CEO Khalid Al-Falih has said that 2014 was a year of accomplishments for his company. “In upstream, we reliably met domestic and international oil demand, and the oil and gas reserves that we will book this year will
No gender segregation on Saudia
Saudi Arabian Airlines on Sunday dismissed claims made by some local media outlets that the national flag carrier is planning to segregate men and women on its flights. Denying that such arrangements are being considered, Abdullah Al-Ajhar, the airline’s spokesman,
Prince Alwaleed and Pepsico CEO discuss economic issues
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Indra Nooyi, chairman and CEO of PepsiCo. and an accompanying delegation. The meeting was also attended by a delegation from KHC that included Adel Alsayed, executive director for Private
Saudia to introduce ‘book and buy’ system
Saudi Arabian Airlines (Saudia) will introduce the new “Book and Buy” system on domestic flights from Jan. 1 while increasing the validity of tickets from six months to 12 months. “The move comes as part efforts to make optimum use
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