Zurich Insurance Seeks China Saudi Expansion on Growth Bets

General Sources - Friday 24th May, 2013

China and Saudi Arabia as the insurer seeks to capitalize on economic growth in the world's second-biggest economy and largest oil exporter. Switzerland's biggest insurer plans to set up as many as five branches in China by 2016 after winning a license that allows it to apply for expansion beyond its presence in Beijing, Geoff Riddell, chairman of Asia-Pacific and the Middle ...

Saudi to supply Pakistan with USD15b bailout

Congoo - Friday 24th May, 2013

(MENAFN) It's estimated that Pakistan will receive up to USD15 billion bailout from Saudi Arabia, reported Arabian Business.This bailout's aim is to help Pakistan's energy sector.The Gulf state would supply the country with crude and furnace oil and receive several divided payments in order to help ...

Saudi will provide crude and furnace oil to Pakistan

Congoo - Friday 24th May, 2013

Saudi Arabia is once again helping Pakistan to overcome power outage crisis. More on this Saudi Arabia is going to hand Pakistan an up to $15bn bailout for its indebted energy sector following recent elections in the country, it has been reported. A senior government official in the Gulf country ...

SARS-like virus patent complicating diagnosis - Saudi Arabia

Congoo - Friday 24th May, 2013

GENEVA Saudi Arabia lamented Thursday that foreign drug companies had patented the new SARS-like virus that has killed 22 people worldwide in less than a year, slowing down the diagnosis process considerably. We are still struggling with diagnostics and the reason is that the virus was patented by ...

Govt needs media to identify problems

Congoo - Friday 24th May, 2013

(Arab News - McClatchy-Tribune Information Services via COMTEX) -- Government departments can identify and deal with services-related complaints from the public by building effective partnerships with media houses in the Kingdom, a local academic has urged. Khalid Al-Hulaibi, a member of the ...

Syrian family finds sanctuary in German church

Congoo - Friday 24th May, 2013

TOP STORIES / Germany Refugees A Syrian family of six fled to when civil war broke out and found refuge in a Protestant church in Hamburg. But even after reaching relatives in Germany, authorities could deport them at any time. "I want to be left alone," Samira Yonata said as she brushed her hair ...

WHO urges coronavirus information be shared among countries

Congoo - Friday 24th May, 2013

The World Health Organization (WHO) has urged countries with possible cases of novel coronavirus to share information. Enlarge The US Center for Disease Control has issued warnings to health officials about novel coronavirus that has sickened and killed people in the Middle East and in the United ...

Saudi Arabia Infrastructure Report Q3 2013

Congoo - Friday 24th May, 2013

BMI View: Saudi Arabia's construction sector is experiencing a boom period driven by all sectors of theinfrastructure and non-residential building industries. Over the near term we have revised up our growthoutlook for the construction sector, driven by continued strong activity anticipated in the ...

BRIEF Over 3500 people visit public medical campaign

Congoo - Friday 24th May, 2013

Around 3,500 men and women of different ages visited the "My Health-First 34" pavilion, a medical awareness campaign that was recently held at Granada Mall in Riyadh. The campaign was conducted by medical students at King Fahad Medical City's Faculty of Medicine and King Saud bin Abdulaziz ...

Jeddah food and hotel expo sets new standards

Congoo - Friday 24th May, 2013

Saudi Food & Hotel and Hospitality Expo 2013 has been hailed as a major success as it concluded a four-day run in Jeddah. Organizers said the next edition will take place on April 13-16 at the Jeddah Center for Forums and Events. They said said this year's show attracted 18,000 visitors and saw ...

Jobs provided for Saudi women in bakeries

Congoo - Friday 24th May, 2013

The Ministry of Labor has undertaken several measures to encourage Saudi women to enter the workforce and has recently announced it will support women to take up jobs in local bakeries. The ministry embarked upon this step after a local bakery highlighted its positive experience, whereby it hired ...

Real estate boycott launched in Saudi Arabia

Congoo - Friday 24th May, 2013

Related Saudi SAMA considers regulating mortgage rates Friday 24 May 2013 Saudi activists have launched a boycott campaign entitled "Do not buy" in retaliation against the high prices of land and the difficulties faced by citizens in purchasing houses. The average Saudi citizen cannot afford to buy ...

Labor shortage in Saudi Arabia to up expat pay

Congoo - Friday 24th May, 2013

A labor shortage caused by the departure of thousands of illegal foreign workers, along with increasing commercial activity in the Kingdom, is likely to see a rise in the salaries of expatriates, according to analysts and business leaders. Housemaids and drivers who have corrected their residential ...

Saudi law firms to train women

Congoo - Friday 24th May, 2013

Saudi law firms are training 21 women to pursue careers in the legal profession, according to the Justice Ministry. Enrollment and Acceptance Committee will issue licenses to the trainees at the end of their their training. There are 2,120 attorneys on the Lawyers' Registrar. Applicants that are ...

200 Million Order From Saudi Electricity Co.

Congoo - Friday 24th May, 2013

Siemens delivers gas turbines and transformers; supplying all turnkey components Siemens' Energy Sector has been awarded two contracts valued at approximately EUR200 million by Saudi Electricity Co. (SEC). The first contract includes the supply of five SGT6-2000E gas turbines, which will add 388 MW ...

Nations warned not to hoard new virus secrets

General Sources - Friday 24th May, 2013

Delegates are seen behind a screen during a meeting with the delegation from Saudi Arabia on the SARS-like virus coronavirus (nCoV) situation on May 23, 2013 at the World Health Assembly in ...

‘Women Welcome’ Progress But Heat Rises in Saudi Stadiums

Mideast Posts - Friday 24th May, 2013

Saudi Arabia, under domestic and international pressure to grant women sporting rights, is creating separate stadium sections so that female spectators and journalists can attend soccer matches in a country that has no public physical education or sporting facilities for women. The move announced by the recently elected head of the Saudi Football Federation, Ahmed Eid Alharbi, a storied player ...

WA parents of Saudi detainee meet DFAT

News.com.au - Friday 24th May, 2013

THE parents of a Perth-born man jailed in Saudi Arabia on accusations of terrorist-related offences have met with Australian government officials in a bid to assist their ...

Militants in Syria receive 35-ton Saudi arms cargo Top cmdr.

Congoo - Thursday 23rd May, 2013

font size decrease font size increase font size The top commander of foreign-backed militants fighting against the Syrian government says the militants have received a 35-ton arms shipment from Saudi Arabia. According to Press TV, Brigadier General Salim Idris, the chief of staff of the ...

Saudi women stage anti-regime rally in Qatif

Congoo - Thursday 23rd May, 2013

font size decrease font size increase font size According to Press TV, Saudi women have held a massive demonstration against the Al Saud regime in the country's oil-rich Eastern Province. On Thursday, huge crowds of female demonstrators chanted anti-regime slogans in the Qatif region, ...

Saudi Arabia detains Shia cleric

Congoo - Thursday 23rd May, 2013

1:22PM GMT Saudi security forces have arrested another Shia Muslim cleric in the country on charges of espionage for Iran. Sheikh Hassan al-Ziyad was detained earlier this week without any reason when he had referred to the Passport Office to get his family's passports renewed. Ziyad's arbitrary ...

Saudi bailout package for Pakistan energy sector likely

Congoo - Thursday 23rd May, 2013

Pakistan may get a bailout worth up to $15 billion from Saudi Arabia for its energy sector. ISLAMABAD (Dunya News) - Saudi Arabia is expected to extend a bailout package of about $15 billion to Pakistan's highly indebted energy sector by supplying crude and furnace oil on deferred payment to enable ...