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
Meet the most prominent women in the Saudi financial sector
No sooner had Sarah Suhaimi been appointed to the board of Directors of the Saudi Stock Exchange Tadawul, and Rania Mahmoud Nashar was made CEO of Samba Financial Group, becoming the first woman to be an Executive manager of a
Who is Sarah al Suhaimi, the first woman to lead Saudi stock exchange?
The appointment of the CEO of National Commercial Bank, Sarah al-Suhaimi, as the first Saudi woman to chair the Saudi Arabia stock exchange – Tadawul – the largest bourse in the Middle East, is a step that breaks the male-dominated
Australia and UAE to explore deeper defense ties, Aus$1 bn in sales
Australia and the United Arab Emirates (UAE) will explore closer defense ties after a meeting on Sunday between a senior Australian government minister and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan. Australia’s Defense Industry Minister Christopher Pyne and
Gold edges higher as global equities lose momentum
Gold crept higher on Friday as investors opted for the safe haven qualities of bullion due to uncertainty about US and European politics as well as the direction of stock markets. Global equity markets lost momentum after setting record highs
Trump trade strategy ‘doomed to failure’: US trade expert
President Donald Trump’s rejection of multilateral trade agreements in the Asia-Pacific in favor of one-on-one deals is “doomed to failure,” a noted US trade expert said Thursday. The Trump complaint that the US gave up too much in the Trans-Pacific
Samsung chief Lee arrested in corruption investigation
Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye, in a blow to the world’s biggest maker of smartphones. The 48-year-old Lee,
Egypt tycoon says to speak up on political return
Egyptian billionaire Naguib Sawiris said on Tuesday that he is returning to politics to press for more freedoms in the North African country after staying away out of frustration. “To the esteemed people who are listening to us… we have
US wholesale inflation sees biggest monthly gain in 4 years
US wholesale inflation continued its upward trend in January, recording its largest monthly gain in more than four years, according to data released Tuesday by the Labor Department. The Producer Price Index (PPI), which measures prices from the seller’s perspective,
UK inflation hits highest since 2014
British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fueled fall in the pound, official data showed on Tuesday. Consumer prices increased
China’s credit growth poses challenge
Chinese banks kept up a strong pace of lending at the start of the year, even with signs of tightening by the central bank, highlighting the challenge Beijing faces as it tries to deflate asset bubbles without risking a blow
Trump blasts Nordstrom, raising new concern on business ties
President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka’s clothing line, prompting critics to accuse him of misusing public office to benefit his family’s sprawling business empire. After Trump’s highly unusual move to
Saudi Citizens Account: No retroactive disbursement for late registration
Engineer Majed al-Osaimi, the general supervisor of Saudi Arabia’s Citizen Account said on Wednesday that those who are late to register and enlist in the program will not receive retroactive disbursement. During an interview with the Saudi Alekhbariya television channel,
Uber chief quits Trump advisory group after uproar
Uber chief executive Travis Kalanick on Thursday quit US President Donald Trump’s business advisory group, as a movement grew to dump the ride-sharing service because of his connection to the new administration. Kalanick said in an email to Uber employees
Apple keeps lead in slumping global tablet market
Apple remains the leader in a global tablet computer market that has been in an extended slump for the past two years, according to surveys released Thursday. Tablet sales in the fourth quarter fell 20 percent from a year earlier
Apple to start building iPhones from Bangalore in India
Apple is to start making iPhones in India this year, a local government official said on Friday, as the company seeks to tap into a booming middle class while sales in China slow. Karnataka’s IT minister said Apple had agreed
Saudi inflation slows in December
Saudi Arabia’s consumer inflation slowed in December 2016, losing speed for the first time at least since 2012, said a report issued by Al-Rajhi Capital. Analysts said that inflation in December last grew by 1.7 percent year-on-year versus 2.3 percent
King Abdullah Economic City development plan on track
King Abdullah Economic City (KAEC), the world’s largest privately-funded new city, has announced it signed contracts worth $43 million (SR1.6 billion) in 2016. In 2016 KAEC signed contracts with developers and service providers covering the full range of the city’s
Europe lifts ban on Iraqi Airways entering airspace
The European Aviation Safety Agency has lifted a ban on Iraqi Airways entering European airspace, Iraq’s transport minister Kadhim al-Hamami told state television on Thursday. The national carrier was banned from flying to Europe in 2015 because it did not
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