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
23 businesswomen take part in ‘Ramadan Lanterns’ exhibition
JEDDAH — At least 23 businesswomen are participating in a four-day “Ramadan Lanterns” exhibition at Jeddah Hilton Hotel, Al-Riyadh newspaper reported. These businesswomen are part of the productive families program of Al-Bir Charitable Society and will showcase handicrafts, traditional clothes
Growing role of Islamic economics in spotlight
A number of key economic topics from the Islamic point of view are being analyzed at the two-day 35th Albaraka Symposium for Islamic Economics, taking place at the Jeddah Hilton. The symposium, which opened on Saturday, encompasses the role of
Aster DM Healthcare opens its eight ACCESS Clinic in the UAE
Aster DM Healthcare, the leading healthcare conglomerate in the Middle East and India, has opened its eighth ACCESS clinic at Souk Al Kabeer, Bur Dubai. ACCESS Clinic, which has rapidly gained success since its establishment in 2012, offers quality and
Mobily’s support for healthy causes praised
The Ministry of Social Affairs has honored Mobily for supporting the Saudi Anti-Smoking Association “Naqa” and for its contribution to convey the association’s message to the targeted people all over the Kingdom. This took place during a ceremony that was
Quality of Saudi growth spreads to more sectors
JEDDAH: Saudi Arabia’s economic growth eased to an annual rate of 4.7 percent in the first three months of 2014 as labor market measures curbed activity in some sectors, but the expansion was still stronger and more widespread than growth
Oil prices down on Libya port deal
NEW YORK: Crude oil fell about $1 on encouraging signs for supply from Libya and Iraq, with prices headed toward the lowest close in almost three weeks despite support from a big draw in US oil inventories. Libyan export capacity
Rosso: A taste of Italy
[wpResize] Sometimes you feel like eating Italian food but not just any Italian food. You are looking for something special, original yet authentic: Italian cuisine with a twist! All you need to do is head straight to the Four Seasons
IDB extends $100b financial assistance to members in 40 years
[wpResize] JEDDAH – The Islamic Development Bank (IDB) Group has given $100 billion in financial assistance to its member countries during the last 40 years, IDB President Dr. Ahmad Mohamed Ali announced here on Monday. Speaking at a press conference
Over 32,000 cases of financial crime in one year
[wpResize] More than 32,000 financial crimes were reported in a single year across the Kingdom’s major cities, local media quoted a report released by the Ministry of Justice as saying. Riyadh had the highest financial crime rates last year with
Jeddah hotels and resorts are booked to capacity
[wpResize] The onset of the summer holidays has seen an influx of local and Gulf visitors into Jeddah, resulting in almost fully booked hotel rooms, resorts and chalets. Hussain Al-Ghamdi, a receptionist at a chalet in Obhur in northern Jeddah,
Highway fuel centers’ revamp to make road travel pleasant
Some good news for those who regularly undertake long journeys by road: Service-cum-rest centers (istiraha) along Saudi highways are likely to adopt world standards. The Saudi Automotive Services Company, Petromin and Emirates National Oil Company have won the government’s tenders
New GCC regulatory system to fight fake electronic items
A set of new standards and specifications for electric devices has been drawn up compatible with those standards applied in the GCC (Gulf Cooperation Council) and Yemen, a senior official in a GCC body told Al-Eqtisdiyah daily. The new regulatory
100,000 fake cosmetic goods seized
Field inspection teams from the Ministry of Trade and Industry recently cracked down on immigrant laborers for storing 100,000 fake cosmetics of popular brands inside old homes in the neighborhood of Al-Deira in Riyadh. The inspectors identified a group of
Al-Ahsa building cable car, bridges
The Al-Ahsa Municipality has started construction on its cable car and bridges project in the Al-Shuba Mountain Park to help boost tourism and create jobs for Saudis. Deputy Mayor of Al-Ahsa Abdullah Al-Arfaj said the project includes cable cars that
Need for trained Saudis in sales and marketing
There is a strong need to train Saudi youngsters in the sales and marketing field, as this particular sector is mostly manned by foreign workers, according to a Saudi market analyst. Citing statistics from the Asharqia Chamber, Mohammed Al-Homeidy, a
Midday work ban comes into effect
The midday work ban in the Kingdom comes into effect Sunday, the Labor Ministry said on Saturday. The three-hour work ban from 12 noon to 3 p.m. will continue until Sept. 15, it added. The ministry said workers at oil
Female security guards a boon to public security
Ever since the Ministry of Labor began implementing a royal decree in early 2012 that banned men from working in stores that sell lingerie, cosmetics and other goods exclusively marketed to women, job opportunities for Saudi women have increased exponentially.
Gasoline stations resume water, tissue handouts
Gasoline stations in Jeddah resumed handing out water and tissue papers to customers with the start of the summer vacation and Jeddah festival. Over 1,000 gas stations all over the city received instructions on safety and security to prevent fire
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