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
Saudi Electricity signs SR1bn deal for integrated gas/solar plant
ALKHOBAR: Saudi Electricity Co. has signed a contract worth SR1 billion ($267 million) to buy generators for the kingdom’s first fossil fuel-fired power plant that will also produce solar energy. The 550-megawatt integrated solar combined cycle (ISCC) plant will primarily
Expats spend SR100 million on dependents’ medical insurance
Expatriate workers pay nearly SR100 million for their dependents’ medical insurance as some employers only cover their staff and not families, according to an insurance expert. Abdullah Al-Banawi, a member of the insurance committee at the Jeddah Chamber of Commerce
Hotel deal to provide jobs for hundreds of nationals
Three hundred Saudi youth are to be employed in the hospitality sector under a new franchise system agreed between two of the industry’s biggest players. Addressing a press conference in Riyadh on Sunday, Abdullah bin Mohammed Al-Issa, chairman of Dur
Merkel behind Air Berlin in Etihad control dispute: Report
BERLIN: German Chancellor Angela Merkel is backing loss-making Air Berlin AB1.DE in a dispute over whether its Abu Dhabi-based partner Etihad is exercising too much control, Focus magazine reported. Etihad, which owns a 29 percent stake in Air Berlin, is
SABIC well positioned to lead World Plastics Council: CEO
Mosaed Al-Ohali, executive vice president SABIC Polymers, has been elected chairman of the newly established World Plastics Council (WPC), which has a membership of major players from the world plastics industry across Asia, the Middle East, North and South America,
KSA ‘strong enough to withstand lower oil prices’
RIYADH: OPEC’s biggest crude producer Saudi Arabia will have its sights set on the upstart US shale oil business at a crucial meeting to debate possible output cuts on Thursday. Analysts say the Kingdom is content to see shale oil
Council of Saudi Chambers in drive to promote SMEs
The Council of Saudi Chambers (CSC) has launched a training program on small and medium enterprises (SMEs) for its officials from various chambers in the Kingdom. CSC Secretary General Khalid Al-Otaibi said the program is being conducted in two groups
Saudi ports keen to promote local talent
Transport Minister Jabara Al-Seraisry inaugurated the first Saudi maritime forum as well as an exhibition in Dammam on Tuesday It was organized by the General Ports Authority and the Ministry of Transport. The two-day conference-led event, taking place at the
US urges India to toughen patent laws to draw investors
NEW DELHI: A top US trade envoy has urged India to strengthen its drug and other intellectual property laws, saying such a move is needed to draw vital investment to spur a sputtering economy. The call came as international charity
Companies must innovate to stay ahead: SABIC CEO
In the current economic environment, success is expected to come to only those companies that generate innovative products, services, processes and business models to gain competitive advantage, said Mohamed Al-Mady, SABIC vice chairman and CEO. He was speaking at the
Develop facilities at airports, GACA told
RIYADH — The Shoura Council on Tuesday asked the General Authority of Civil Aviation (GACA) to introduce an online facility for passengers to lodge their complaints and proposals as well as to receive replies from GACA within 15 days. Fahaad
Al-Falih: ‘We must build on our wealth of young talent’
Saudi Aramco intends to become a top global refiner and a leading chemicals enterprise over the coming decades, said its President and CEO Khalid A. Al-Falih. “This will allow us to capture commercial opportunities and profitable growth while diversifying our
Flynas runs campaign with MasterCard
Flynas is partnering with MasterCard to offer passengers free seat selection when buying a ticket on flynas international flights. The campaign runs until Jan. 4, and is valid for MasterCard cardholders across the globe. In addition, the promotion includes four
New berth at King Abdullah Port to drive trade expansion
The Ports Development Company, owner and developer of King Abdullah Port, has announced the handing over of the third berth at the King Abdullah Port to National Container Company. The facility, which meets the Customs and the Coast Guard specifications,
Mobily suspends CEO after results shock
The board of directors of Mobily has suspended its CEO Khalid Omar Al-Kaf and put his deputy Serkan Okandan in temporary charge pending an investigation into accounting errors. Al-Kaf will be suspended until Mobily’s audit committee completes its investigation into
Saudi business community buoyant as optimism levels advance in Q4
Dun & Bradstreet South Asia Middle East Ltd. (D&B) in association with the National Commercial Bank released the D&B Business Optimism Index (BOI) survey for Saudi Arabia for Q4, 2014. The BOI survey highlights the increasing optimism levels of both
Hyundai takes lead in car sector in Riyadh
Hyundai Motors says the company has received 40th rank on the list of trademarks and 5th among the sector of cars in the world. According to Inter-brand International, it is one of the best 100 trademarks during the last 10
Al-Rashed quits Al Arabiya; Altoraifi new GM
Adel Altoraifi has been appointed the new general manager of Al Arabiya News Channel after Abdulrahman Al-Rashed quit the position on Saturday for personal reasons. The announcement was made by Sheikh Waleed Al-Ibrahim, chairman of the MBC Group. Altoraifi, who
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