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: Economy
Hospitality sector to provide 300,000 jobs for young Saudis
The Ministry of Labor in coordination with a number of establishments, colleges and government colleges and institutes in the hospitality sector is providing around 300,000 jobs in various parts of the Kingdom to employ young men and women at a
SR210,000: Price of a falcon
A citizen has sold a rare saker falcon, also known as falco cherrug, for a whopping SR210,000 to an enthusiast. Abdullah bin Faraj Al-Qahtani, 40, said he had caught the falcon after spending a night and day at the site
Plane delight: Windowless jets could take off in 10 years
LONDON: If a window seat is enough to make you nervous on a flight, you might want to avoid a new kind of plane that could fly in as soon as a decade. UK-based tech innovation company Centre for Process
Riyadh, New Delhi pitch for closer energy cooperation
Energy security and joint investments with special reference to the progressively growing Saudi-India ties were raised as priority aspects of cooperation during talks between Ali Al-Naimi, minister of petroleum and mineral resources, and Dharmendra Pradhan, Indian minister of oil and
EP plans to create 10,000 jobs for Saudis
The Eastern Province’s business and government leaders plan to create 10,000 jobs for Saudis in the region by holding an event linking firms and job seekers. The Wadaef Jobs Fair is being held under the auspices of Eastern Province Gov.
Dial 1900 if you are asked to pay extra for credit card use
There is good news for customers using credit cards for the payment of goods and services with the government’s announcement of prohibiting any extra charge on customers besides the actual value of the item or service. The new regulation will
NWC saves SR2.6bn in plugging leaks
The National Water Company (NWC) disclosed on Sunday that it has saved more than 433 million cubic meters of water over the past five years — worth some SR2.6 billion — thanks to network repairs made in Riyadh, Jeddah, Makkah
Business booming for money changers
Pilgrims are now frequenting currency exchanges in their thousands in downtown Madinah to change their currencies to help them shop in the Taiba market. Numbers of such pilgrims have skyrocketed with large groups of pilgrims and visitors to Madinah arriving
Yemen restarts main oil export pipeline after repairs
Yemen resumed exports from its main oil pipeline on Saturday, one day after an attack by tribesmen temporarily halted flows, industry sources said. Yemen’s oil and gas pipelines have been repeatedly sabotaged, often by tribesmen who have feuds with the
Saudi Arabia supplies less oil in September despite output rise
Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry soruce said on Thursday, at a time when some OPEC members are calling on the top oil exporter to cut back output to
70% of Makkah Mashaer Metro staff are Saudi
The Makkah Mashaer Metro (MMM), developed by the China Railway Construction Corporation (CRCC), recently disclosed to Arab News that 70 percent of its locally recruited staff are Saudi. According to CRCC’s Operational Department data, the number of local staff at
Gulf airlines target Italy as transit point for expansion
Having shuttled millions of travellers through their plush home bases, rival Gulf airlines are now battling over an Italian market which they see as ripe for expansion and key to driving traffic on to long-haul routes. The tussle will add
Jaguar Land Rover sees China sales growth halving this year
CHANGSHU, China: British luxury carmaker Jaguar Land Rover Ltd. sees sales growth in China roughly halving this year and decelerating even further next year due to a larger base of comparison and slower expansion of the world’s largest auto market.
Microsoft’s Nadella gets $84m pay package
REDMOND, Washington: Microsoft has given its new CEO Satya Nadella a pay package worth $84.3 million, most of it in the form of long-term stock awards. A regulatory document filed Monday shows Nadella got a salary for the fiscal year
‘Big construction firms falsely declaring workers as disabled’
Mervat Tashkandi, adviser to the Labor Minister, revealed that the ministry is working in collaboration with several ministries to issue special labor cards for people with disabilities through the “Tawafok” program. The move has come to counter the phenomenon of
Samsung seeks boost from redesigned Note
SEOUL: The latest version of Samsung’s popular big-screen Galaxy Note has gone on sale at a crucial time for the South Korean company as it suffers a rapid decline in profit from its global smartphone business. With the recent Note
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
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