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
Black market for Zamzam bottles thrives in Makkah
MAKKAH – A black market for Zamzam water has emerged here and it is run by undocumented African and Asian workers and violators of residency regulations. In 2011, King Abdullah Bin Abdul Aziz Zamzam Project was implemented with a total
Dutch bid to ward off KSA curbs
AMSTERDAM: Dutch Foreign Minister Frans Timmermans is to visit Saudi Arabia to ward off possible trade sanctions against the Netherlands. A Foreign Ministry spokesman said Timmermans will make clear during the visit that anti-immigration politician Geert Wilders’ views are his
The Indian Hosting Market: Gold Mine or Snake Pit?
By WorldCloudNews on today, 12:33 pm Have you ever thought about expanding your hosting business into the Indian market? According to insiders, there are many opportunities to be found for hosters in India, as the market is still rather untapped. However, what
Saudico hosts Micros customer event in Jeddah
:: Saudico Electronic Systems (SES), a leading IT firm in Saudi Arabia, with Micros Systems Inc., a global provider of leading enterprise-wide applications, services and hardware for the hospitality and retail industries, hosted a full-day hospitality solutions event in Jeddah.
Saudi Energy 2014 kicks off as power needs rise amid growth
RIYADH – Saudi Energy 2014 – the International Trade Exhibition for Electricity, Power Generation, Alternative Energy, Water Technology and Lighting – opened Monday (May 26) at the Riyadh International Convention and Exhibition Center (RIEC) hosting 314 local and international exhibitors
Saudi student one of 300 globally to join in HLCA
DAMMAM – A student from Al Majd International School, Damman, was one of 304 students from 38 countries chosen by Honeywell to participate in the Honeywell Leadership Challenge Academy (HLCA) this year. The week long-leadership program took place at the
Key steps taken to bolster Saudi tourism industry
To boost the tourism industry in the country, the Cabinet approved Monday three laws to regulate the activities of the Saudi Society for Tourist Accommodation Facilities, Saudi Society for Tourist Guides and Saudi Society for Travel and Tourism. “The Cabinet
Massive projects to ease Jeddah traffic
The Jeddah Municipality has undertaken a massive project to build bridges and underpasses in the city to ease traffic congestion. Prince Mishaal bin Abdullah, governor of Makkah, formally opened an overpass at the intersection of Ismail Abudawood with Andalus which
Saudi Arabia bags three regional tourism awards
Several Saudi personalities scooped up awards at the Arab Tourism Media Awards and the Arab Heritage Man Award in Oman on Friday. Atif bin Mohammed Al-Qadhi, a Saudi writer, won the award for best tourism writer, while Saudi businessman Abdul
Ministry to probe hike in recruitment fees
The rise in fees of recruiting companies is because of demand for labor in general and domestic labor in particular especially in light of the limited number of countries exporting labor, according to a survey conducted recently by the Labor
A hotel for pilgrims at Haj terminal
An exclusive hotel will finally be opened Tuesday for pilgrims who miss their flights at the Haj terminal of King Abdulaziz International Airport (KAIA). “A hotel has been established for pilgrims by the Civil Aviation Authority as per directives issued
Abandoned cars irk Jeddah residents
Jeddah’s residents have expressed concerns about the rising number of broken down and abandoned cars cluttering the various neighborhoods in the city. Jeddah Mayoralty spokesman, Muhammad Al-Baqmi agreed with the residents and said that warnings will be given to the
Shoura demands housing for private sector Saudi workers
The Shoura Council has called on the social security institution to implement a resolution to build housing projects for private sector Saudi employees. The council’s management and human resources committee said the seven-year-old decision wasn’t mentioned in the institution’s 2013-2014
Labor consultant: Working women have a role to play
Muna Al-Madani is a consultant at the Ministry of Labor. She believes working women are just as important for the Kingdom as women who stay at home and finds it devastating that many women with academic degrees and immense potential
200,000 jobs ‘available in maintenance’
The operation and maintenance sector in the Kingdom can provide 200,000 jobs for Saudis, said Abdul Rahman Al-Zamil, president of the Council of Saudi Chambers (CSC), on Wednesday. “The sector employs 900,000 workers, including managers and technicians, and can provide
SAGIA’s event aims to attract big businesses to boost KSA economy
ABDULLATIF A. Al-Othman, Governor, SAGIA, outlined the opportunities for investors within Saudi Arabia as the Kingdom continues its “unprecedented transformation from a simple economy to a G20 country”. Al-Othman, while relating his own experiences in London following his first visit
SR1 million goes missing from account of chamber
A member of a local chamber of commerce in the country recently discovered the disappearance of SR1 million from the chamber’s accounts. The member also said that a SR50,000 bonus was given to another member without the approval of the
The wild world of insurance companies
By: ABDEL AZIZ ALUWAISHEG When dealing with insurance companies in Saudi Arabia, you get an impression that they still maintain the same posture as when they operated before insurance was legalized in 2003. It should not be surprising, however; as
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