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
NWC: Jeddah to have propersewerage by end of 2018
The National Water Company (NWC) has promised to provide the densely populated neighborhoods of Jeddah a sewerage network by the end of 2018. Muhammad Alzahrani, unit production manager at the NWC, told Arab News recently that the company has allocated
Housing boom might reduce rents
Saudis and expats are still waiting for completion of projects of the Ministry of Housing, which will contribute to reducing prices of housing units in major cities such as Jeddah, Riyadh and Dammam. These government projects will reduce the high
Asir students’ drone design takes flight
Engineering students at King Khaled University in Asir have just completed the design phase of their program to build a drone, or unmanned aerial vehicle (UAV), which they plan to use for aerial photography. Professor Tawfiq Khatab, head of the
Welcome to the future: Feasting on scorpions, grasshoppers
WASHINGTON: Though slightly uncertain, Erin Kolski pronounced the unusual fare on her plate — a burger made from ground-up grasshoppers — to be surprisingly tasty. “It’s a little crunchy. It tastes fine,” Kolski said, sounding somewhat surprised as she favorably
Food safety drive ahead of Ramadan
The Makkah Municipality has intensified inspection campaigns to ensure public health and safety during the holy month of Ramadan. Public parking lots at the entrance of the holy city, cleaning of the city’s streets, maintaining the sanitation of the seasonal
Car scheme delay irks disabled
People with disabilities here are angry over delays in the SR1.5 billion scheme that would provide them with specially modified cars. They say Custodian of the Two Holy Mosques King Abdullah allocated the money for the cars, but the Ministry
Gold Prices Drop to 16-Week Low
Gold prices sank to their lowest level in 16 weeks as worries about political friction in Eastern Europe subsided and amid signs that the U.S. economy continues to recover from a winter slowdown. The most actively traded contract, gold for
Response to refugee crisis ‘disappointing’
AMMAN: World Bank chief Jim Yong Kim said on Wednesday international support for Jordan and Lebanon to help them cope with hosting more than 1.6 million Syrian refugees was “disappointing.” “So far the support for Jordan and also Lebanon… has
Influx of affordable housing solutions seen in the GCC
JEDDAH – The rapid urbanization and population growth in the GCC have resulted in an increased demand for affordable housing units from low- and middle-income households. Estimates from the United Nations show that the number people living in the cities
India likely to welcome foreign online retailers
NEW DELHI: India could allow global online retailers such as Amazon.com Inc. to sell their own products as early as next month, removing restrictions that have held back competition in one of the world’s biggest, and most price-sensitive, retail markets.
MENA consumer online hyper growth era fast approaching
Khaldoon Tabaza Founder & Managing Director, iMENA Holdings JEDDAH – Consumer online businesses in the Middle East and North Africa are headed for an era of hypergrowth. During the next 3-5 years, one or more $1 billion companies will emerge
Air traffic gridlock a global problem
DOHA — Tony Tyler, IATA’s Director General and CEO, conceded that air traffic congestion remained a global problem, with the Gulf region too being hampered by a lack of harmonization of a standard amid a tremendous growth of the industry
Price ‘rice’ before Ramadan: Blame it on hoarders
The rice price has begun to soar in anticipation of Ramadan with a 45 percent increase for a 10 kg bag over the past few weeks. Traders cited upcoming Ramadan and short supplies of the essential commodity from rice exporting
KSA ports handle 194.8m tons of nonoil commodities
Saudi ports handled 194.8 million tons of nonoil commodities in 2013, with an increase of 3.75 percent over the figures of last year, local media said quoting a report released by Saudi Ports Authority (SPA). Revenues of the SPA grew
Saudi-Lanka labor agreement to be implemented soon
Sri Lankan Minister of Foreign Employment Promotion and Welfare Dilan Perera said that the labor agreement between Riyadh and Colombo will come into effect soon following the Shoura Council’s approval of the accord on Monday. Saudi Arabia and Sri Lanka
Qasr Al-Hokm, the Riyadh park with a difference
The Saudi capital boasts many public parks which draw residents and foreigners alike not only because of their recreational facilities but also for the unique architectural designs as well as history. These include the public parks such as Qasr Al-Hokm,
Sino-Arab forum boosts ties
China is the Arab region’s second largest trading partner, asserted Chinese Foreign Minister Wang Yi during an exclusive interview with Arab News ahead of the China-Arab States Cooperation Forum (CASCF), in Beijing today. The 6th ministerial meeting of the CASCF,
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