Saudi Crown Prince, US Secretary of Defense discuss troop deployment

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 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 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 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 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

Brand simplicity index: Top rank for McDonald

Prince Mishaal bin Khaled Al-Saud

Riyadh International Catering Corporation (RICC), McDonald’s franchise rights owner and operator in the Kingdom, is thrilled with the global food giant earning top spot on 2014 brand simplicity index for the Middle East. McDonald’s, claimed to be the world’s largest

InterContinental Riyadh Hotel voted Saudi Arabia’s Best Golf Hotel

RIYADH: InterContinental Riyadh Hotel has won the award as Saudi Arabia ‘s Best Golf Hotel at the inaugural World Golf Awards 2014, hosted last week end in Quinta do Lago, Portugal. The World Golf Awards is part of the World

DUR Hospitality Company to invest SR1.5bn in expansion

Saudi Hotels and Resorts Company, a public company listed in the Saudi stock market since 1976, has announced the launch of its new identity. It is also changing its trading name to “DUR Hospitality Company”, with a strategic transformation and

Data services: Mobily, Al-Rajhi Bank ink deal

Mobily has signed a communications and IT (CIT) services agreement with Al-Rajhi Bank. Ismail Al-Ghamdi, acting business chief officer, signed the agreement on behalf of Mobily. Ibrahim Al-Rashid, chief officer of IT, signed the deal on behalf of Al-Rajhi bank.

Urgent need for training bankers in Islamic finance

With Islamic finance (IF) and Islamic financial products (IFP) growing popular worldwide, there is an urgent need for training bankers in IF and IFP, says Azmi Omar, director general of Islamic Research and Training Institute (IRTI) and member of Islamic

5 health insurance companies banned for violations

The Cooperative Health Insurance Council (CHIC) has issued a decision to immediately stop the operations of five health insurance companies, and have prevented them from issuing or renewing insurance documents for six months, due to their violation of the health

Saudi Pavilion hosts 100 firms at The Big 5 exhibition in Dubai

Council of Saudi Chambers (CSC) President Abdulrahman Al-Zamil opened Saudi Arabia’s pavilion at The Big 5 exhibition in Dubai, which kicked off Monday and will continue till Thursday at the Dubai International Convention and Exhibition Centre. Saudi Export Development Authority

Kingdom gets recognition as one of most developed Islamic markets

Acknowledged as one of the most developed Islamic markets, Saudi Arabia is a destination that should not be overlooked, according to Islamic Finance News (IFN) Forum that kicked-off here on Monday. Participants said they were keen to see growing interest

Internet changing car-buying habits in UAE: Google research

Research conducted for the first time in the United Arab Emirates by Google, in partnership with international research company Netpop, reveals that the Internet has changed the process of buying cars in the Gulf emirate, with visiting dealerships now the

Factory run by female workers in Saudi Arabia breaks stereotypes

The Saudi government’s drive to draw more women into the labor force appears to be bearing fruit, as the jobs occupied by women seems to breaking the stereotypical ideology of suitable jobs for women in the kingdom. A factory producing

Saudi-British Joint Business Council to boost tie-up in SMEs sector

The Council of Saudi Chambers (CSC) has emphasized the importance of strengthening trade and investment relations between the Saudi and British business sectors through the establishment of joint ventures in technology and know-how transfer. Speaking at the Saudi-British Joint Business

Neo Pharma to set up plant in Jazan

Prominent Indian businessman B R Shetty has signed an agreement with Prince Turki bin Mohamed bin Nasser, in charge of Jazan Industrial City and Shaikh Mohammed Rafik, chairman of Gammon Group to establish a pharmaceutical plant in the new industrial

Google signs 60-year, $1 billion NASA lease

Google has signed a long-term lease for part of a historic Navy air base, where it plans to renovate three massive hangars and use them for projects involving aviation, space exploration and robotics. The giant Internet company will pay $1.16

Saudi rises from cleaner to top young hotelier

A young Saudi citizen has shown it is no shame to take on an unskilled job and then work hard to achieve one’s dreams. Mohammad Sharaf started out as a cleaner and dishwasher at a restaurant in 2004 and now

Shoura calls for consumer protection law

Shoura Council members have called for a law to protect consumers and to punish those who import fake goods with imprisonment for a maximum of two years, as well as a fine totaling 10 percent of the whole value of

Wealth fund urged to tackle oil-price slide

The fall of crude oil prices points to the need for Saudi Arabia to have an active sovereign wealth fund, said Prince Alwaleed bin Talal, chairman of Kingdom Holding Co. This will be similar to the sovereign funds in Kuwait,

SABIC expands investments in manufacturing technologies

Prince Saud bin Abdullah bin Thunayan Al-Saud, chairman of SABIC and the Royal Commission for Jubail and Yanbu, inaugurated the 11th SABIC Technical Meeting (STM-11)at the King Abdullah bin Abdulaziz Cultural Center in Jubail in the presence of Mohamed Al-Mady,

Health care in KSA: One of the best in the region

Sultan Sobhi Batterjee

Health care, education and construction are considered to be among the most essential and vital sectors for the infrastructure of any country. These three areas have thus become the focus of attention for IHCC, major business entity. Sultan Sobhi Batterjee,

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