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
Sovereign fund to manage growing budget surplus
Saudi Arabia is preparing to launch its first sovereign wealth fund to manage budget surpluses from a rise in crude prices estimated at hundreds of billions of riyals every year. The Shoura Council is due to discuss a draft law
‘Mobile networks in KSA easy target for DDoS cyber attacks’
JEDDAH – Mobile networks in Saudi have evolved by leaps and bounds in the past handful of years, particularly as mobile users continue to gobble up as much mobile network capacity as possible. Mobile data usage is absolutely ubiquitous today
S&P gives thumbs up to Saudi credit rating
RIYADH — Standard and Poor’s has held its sovereign credit rating for Saudi Arabia, the world’s top crude exporter, at AA-/A-1+ with a positive outlook. “In our view, Saudi Arabia’s government and external balance sheets remain strong and provide an
CPA warns against blue water bottles
JEDDAH — The Consumer Protection Agency (CPA) has warned the public against using water bottled in blue bottles as it represents a health hazard, Makkah daily reported. The head of the CPA, Naser Al-Tuwaim, said water filling plants are being
Yas Island: Fun for the family
Yas Island is a great destination for those who are looking for business opportunities as well as for leisure. In 2009, it was named the World’s Leading Tourism Project at the World Travel Awards. 2012 figures show over three million
Kone to provide ‘world’s fastest’ elevators for Kingdom Tower
Jeddah Economic Co, owner and developer of Kingdom Tower and Kingdom City in Jeddah, has selected Kone as the vertical transportation provider to deliver the world’s fastest and highest double-decker elevators to Kingdom Tower. Kingdom Tower is expected to
Local steps toward a smaller global footprint
Sustainability is a hot topic when it comes to putting our money where our mouths are these days. As consumers, we often equate sustainability with green and earth-conscious practices or organic production. But what does it mean exactly when a
King Abdullah calls El-Sissi to pledge economic support
Custodian of the Two Holy Mosques King Abdullah telephoned newly elected Egyptian President Abdel Fattah El-Sissi on Friday to pledge the Kingdom’s support for the country’s economic development. El-Sissi thanked King Abdullah for assisting Egypt and congratulating him on winning
Unified visa for GCC tourists
The Gulf Cooperation Council (GCC) is expected to introduce a unified visa that would allow tourists to visit all six member-countries, which are Saudi Arabia, Bahrain, the UAE, Kuwait, Qatar and Oman. Najeeb Al-Shaamesi, director general of the Higher Advisory
Spectacular start to Jeddah Ghair
The annual Jeddah summer festival “Jeddah Ghair 35” kicked off Thursday night at Al-Hamra beach on South Corniche. Jeddah Gov. Prince Mishaal bin Majed, who is also chairman of the Tourist Development Council, inaugurated the 24-day festival in the presence
Saudi women urged to hike private sector participation
According to officials, studies have demonstrated that women can effectively contribute to the industrial sector, such as the design and garment industry, the jewelry manufacturing and design industry, the assembly of electronic devices, as well as in the manufacturing of
Traffic police gear up for holiday congestion
Jeddah traffic police plan to deploy 1,500 patrol vehicles at the city’s main thoroughfares to deal with the expected congestion from holidaymakers this summer, a senior official said recently. Col. Zaid Al-Hamzi, spokesman for the department, said traffic officers would
Saudi waitresses feel weight of cultural norms
Saudi waitresses are increasingly torn between financial need and the pressure to give up their jobs by conservative family and friends for cultural reasons. The majority of females who took part in a recent research study said Saudi women are
Wadi Sulay to undergo beautification
The Riyadh Municipality has launched a project to beautify and create flood-protection measures along Wadi Sulay, local media reported. The aim is to use all excess water from the valley for agricultural and urban development purposes. The municipality plans to
Only 10 percent Saudi investors are women
Saudi businesswomen and investors continue to devote their efforts and ambitions to leaving their mark on the economic development of the country, despite the obstacles and great difficulties they encounter along the way. Nadia Ba’ashin confirmed that the ratio of
Sauna service ban costs barbershops a lot
Jeddah Municipality’s recent decision to ban barber shops in Jeddah from providing sauna services to customers has caused heavy losses to the owners with a major cut in their monthly income. The decision came in the wake of violations of
Jeddah Corniche ready for summer holidays
Jeddah Corniche is ready to receive visitors who like to spend their summer holidays on Jeddah beaches, according to Mohammad Al-Baqmi, official spokesman for Jeddah Municipality. He told Arab News that the municipality has deployed more than 200 workers to
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