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
New iPhones deliver big profits for Apple
SAN FRANCISCO: The new big-screen iPhones helped propel Apple’s profit and revenue in the past quarter, as the California tech giant delivered stronger-than-expected results. Profit rose 13 percent to $8.5 billion, as revenues jumped to $42.1 billion in the fiscal
GPCA sustainability conference opens with key focus on people
Under the theme “People, planet, profit,” the GPCA is opening its 2nd conference on sustainability in Dubai from Oct. 21-23. Wikipedia states that sustainability in general terms is the endurance of systems and processes. And that organizing principle for sustainability
Alwaleed, Corbat discuss future plans of Citigroup
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), met at his office in Riyadh Mike Corbat CEO of Citigroup and an accompanying delegation. It included Alberto Verme, chairman EMEA Banking and Carmen Haddad, managing director, Corporate Finance Group.
Kingdom initiates moves to promote investment in Qassim
Saudi Arabia is working to stimulate and encourage investment in the Qassim Region, which will be connected by a regional railway network to be built at a cost of SR12 billion. This will be part of the north-south railway line,
Inspections result in arrest of 223 illegal shop workers
The Ministry of Labor, in a nation-wide operation, has booked 197 irregularities in retail shops and arrested 223 workers who were working illegally in these outlets. Undersecretary of the Ministry of Labor for Inspection and Developing Work Environment Abdullah Abu
Oil market battles weak demand, ample supplies
DUBAI: Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday, as the top oil exporter fights for market share amid weak demand and ample
Asharqia Resta Tex Expo In Dammam
Asharqia Resta Tex Expo & Forum to showcase real estate projects Eastern Province Deputy Gov. Prince Jalawi bin Abdulaziz bin Mosa’aad, announced the commencement of Asharqia Resta Tex Expo and Forum 2014 events for real estate, housing and urban development
Apple’s iPhone sales beat expectations, iPad volumes slide
Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street’s targets. The company on Monday projected stronger-than-expected revenue
Kingdom’s budget surplus likely to hit SR147 billion
Total revenues of the Kingdom are expected to reach SR1.1 trillion in the current year, or a surplus of SR147 billion over the projected SR855 billion budget estimated earlier in the year, a financial report said. The expected surplus is
Apple’s new iPads sport modest upgrades; minis start at $399
Apple Inc. introduced a faster, slimmer iPad Air 2 on Thursday, tacking on modest improvements such as a fingerprint sensor to its mainstay tablet in time for what is expected to be a hotly contested holiday season for mobile devices.
Apple sells more than 10 mln new iPhones in first three days
Apple Inc. said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. Chief Executive Tim Cook said the company could have
Jeddah skyscraper on target for planned 2018 completion
Kingdom Tower, the world’s tallest tower, located in northern Jeddah, has reached an important milestone in the project that will set another new world record — the world’s tallest construction crane. The singularly soaring skyscraper that will ultimately earn the
How to revolutionize eating out in Saudi Arabia
Make better healthier choices Eating a clean diet begins with buying healthy products. But where can you find these? Many grocery shops are stocked with candies and full-fat dairies. Here are a few of the Kingdom’s best health stores. Abazeer
30 containers of rotting chicken seized in Jeddah
Jeddah Islamic Port officials have found 30 containers loaded with rotting chicken at pier 51. The imported chicken has caused a predicament for officials because there are lengthy procedures involved in destroying the shipment. Meanwhile the foul smell is permeating
SIMAH prepares to host 9th World Consumer Credit Reporting Conference
As consumer credit becomes part of daily life in the GCC economy, the implementation of a sound credit system is vital to reduce the vast number of bounced checks issued in the region, according to the CEO of the Saudi
KSA acts to reduce harmful effects of tobacco products
Commerce Minister Tawfik Al-Rabiah refuted rumors via Twitter that there would be a hike in tobacco prices in the Kingdom. The Kingdom will, however, increase the specifications of tobacco products to minimize its harmful effects on smokers, the minister said
Google tests using drones to deliver goods
Google expected it to be several years before a delivery drone system is ready. SAN FRANCISCO : Google on Thursday said it is testing using drones to deliver items bought online, putting its own spin on similar efforts by Internet
Supermarket giant Tesco rocked by new crisis
LONDON: British supermarket giant Tesco has plunged deeper into crisis after issuing yet another profits warning, cutting both its dividend and capital expenditure, and rushing in its new chief executive. In reaction to the dire trading update, Tesco shares plunged
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