Latest Saudi Arabia News
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Saudi- SAMA considers regulating mortgage rates
(MENAFN - Arab News) Saudi Arabian Monetary Agency (SAMA) is considering new regulations to unify mortgage rates, which all banks and finance companies have to follow."SAMA aims to regulate the loans and mortgage market, and it is considering a further step to fix the rates on mortgage among all banks," said Mohammed A. Al-Shaya, general manger of Control Finance Companies, SAMA. With ...
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Abha becomes Air Arabias 8th Saudi destination
(MENAFN - Arab News) Air Arabia's, described as the first and largest low-cost carrier (LCC) in the MENA, has started operating to Abha from its primary hub in Sharjah. The new service marks the carrier's eighth destination in the Kingdom and 85th worldwide. Air Arabia offers two weekly flights to Abha, making it easier and more convenient for passengers to travel between the two ...
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Saudi- IDB increases its capital from $ 45 bn to $ 150 bn
(MENAFN - Arab News) The Islamic Development Bank Group has decided to increase its authorized capital from 45 billion (30 billion Islamic dinars) to 150 billion (100 billion dinars) on the recommendation of the two extraordinary Islamic summits held in Makkah. The capital increase will enable IDB to meet the growing development requirements of its 56 member countries and carry out its ...
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NATO unveils simulation system Saudi Press Agency
(Saudi Press Agency (Saudi Arabia) Via Acquire Media NewsEdge) ROME, Rajab 12, 1434, May 22, 2013, SPA -- A first-of-kind virtual training simulation that combines best practices of maritime interdiction operations and gaming technology has been unveiled in Italy, UPI reported. The fully ...
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Not ours says Iran of drone found off Bahrain
Related Tehran on Thursday denied a Bahraini claim it had found an Iranian drone in the sea near Saudi Arabia, and urged Manama to refrain from making "baseless accusations", the ISNA news agency reported. It cited an unnamed foreign ministry source as denying Bahrain's assertion that the downed ...
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Saudi Cultural Mission in Sudan moves to new building in Khartoum
SPA -- The cultural mission of the royal embassy of the Kingdom of Saudi Arabia in Sudan celebrated last night the occasion of its moving to a new building in Khartoum, in the presence of Khamis Kago Kandeh, the Sudanese Minister of Higher Education and Scientific Research; Dr. Ahmed Bilal Osman, ...
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UNICEF Appreciates Saudi Arabian aid to Syrian refugees
SPA -- The United Nations Children's Fund (UNICEF) has praised the humanitarian assistance provided by the Kingdom of Saudi Arabia to Syrian refugees. Managing Director of UNICEF in Germany Juergen Heraus said that Saudi aid comes in spite of the obstacles that prevent access to the rest of the ...
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Guardian approval a must for Saudi women to drive in Kuwait
(MENAFN - Arab News) Brig. Saleh Al-Najim, the head of a Kuwaiti delegation, said here yesterday that the traffic system in Kuwait does not grant licenses to Saudi women without the consent of their guardians. The statement came at a meeting of traffic managers in the Gulf Cooperation Council (GCC) ...
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HM the King receives letter from Saudi King
Manama, May 23 (BNA) - His Majesty King Hamad bin Isa Al Khalifa today received a written letter from The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud in regard the deep-rooted bilateral brothe m.a BNA 1252 GMT ...
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Saudi Arabia death tool rises to 17 from SARS-like virus
DUBAI (Reuters) - Saudi Arabia has announced another death from the SARS-like novel coronavirus (nCoV) in its central al-Qassim region, bringing the total number of deaths in the kingdom to 17. A non-Saudi, whose nationality and age were not given, died on Tuesday, the Health Ministry said on its website late on Wednesday. It said he had been admitted to a hospital in al-Qassim several days ago ...
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17th Fatality Caused by Coronavirus in Saudi Arabia
Riyadh, May 23 (Prensa Latina) The Saudi ministry of Health reported today the death of the 17th coronavirus'' victim in this country. According to official statistics, there are 35 cases of infected people with the virus, which is similar to the Severe Acute Respiratory Syndrome (SARS) that caused numerous fatalities a decade ago, particularly in Middle Eastern countries where it ...
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Saudi King congratulates Azerbaijani president
King of Saudi Arabia King Abdullah bin Abdulaziz has sent a letter of congratulation to Azerbaijani President Ilham Aliyev on the occasion of the national day of our country. "I congratulate you on behalf of the people and government of Saudi Arabia and on my behalf with the national holiday of your country. Wish you and your people health, happiness and prosperity," the letter ...
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Saudi royals indulge in drugs parties
A Saudi cleric says a number of celebrities in the kingdom together with some members of the ruling Al Saud dynasty are squandering huge sums of money on drugs and debauchery. Ali al-Maliki said in a televised interview that these individuals - all enjoying immunity from prosecution - excessively ...
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SABIC unveils Archi-Light Concept House at official opening ceremony of Chinaplas 2013
SABIC unveiled the 'Archi-Light Concept House' at the official opening ceremony of Chinaplas 2013. Archi-Light is a themed exhibition within the larger show, which focuses on environmentally friendly plastic construction materials that are aesthetically pleasing yet ...
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Saudi Arabia Looks to NREL for Solar Monitoring Expertise
May 23, 2013 - Saudi Arabia is working with U.S. Department of Energy's National Renewable Energy Laboratory (NREL) for training and expertise in measuring kingdom's solar resource. Importance of setting up networks to gauge and predict solar radiation strength in varying meteorological conditions convinced Saudis to partner with NREL. Support will cover installation of 50+ monitoring ...
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Building boom in Saudi Arabia
Saudi Arabia's construction industry is booming, but while smart Dubai-style units are springing up in big cities, the country is still facing a growing housing crisis. The government is investing $67bn in a scheme to build nearly 500,000 new homes in the coming years, but will this be enough to ...
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How expat bankers can still succeed in Saudi
Keyword Company Sector Middle East Search Globally Share this Article Send Saudi Arabia has long been viewed as a hardship posting for expat financial services professionals, but as opportunities shrink in other Middle East locations the kingdom has continued to offer jobs. However, a new push to ...
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Schneider Electric marks 33 growth in workforce demonstrating keen commitment to Saudization
Schneider Electric, the global specialist in energy management, announced its workforce in Saudi Arabia has grown by 33% bringing the total headcount to around ...
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Riyadh metros ultra-modern designs revealed
UK-based Zaha Hadid Architects has revealed the following images of its designs for the King Abdullah Financial District Metro Station, which will serve as a key interchange on the Riyadh ...
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If you turn on air-conditioners you are immoral Saudi cleric tells women
A self-proclaimed Saudi cleric said that if women turn on air-conditioners at home in their husband's absence could lead to moral depravities. The man claiming to be Salafist-Wahhabist cleric posted on Twitter that if any woman turns on the cooler ventilator in the absence of her husband, someone might notice her presence home and this might bring about immorality. Salafists and Wahhabists ...
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Saudi to hand Pakistan $15bn energy bailout – report
Saudi Arabia is expected to hand Pakistan an up to $15bn bailout for its indebted energy sector following recent elections in the country, it has been ...
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Participants mark successful participation at Saudi Food and Hotel and Hospitality 2013
Saudi Food & Hotel and Hospitality Expo 2013 is hailed as a major success as it concluded a four-day run at the Jeddah Center for Exhibitions and forums with over 18,000 visitors and millions of riyals worth of trade transactions for 400 exhibitors from 18 ...
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Research and Markets Elevator and Escalator Market in Saudi Arabia 2012-2016 - Fujitec Mitsubishi and Schindler ...
Research and Markets: Elevator and Escalator Market in Saudi Arabia 2012-2016 - Fujitec, Mitsubishi and Schindler Dominate the Market but Also Features Otis, Kone, Gulf and ...
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Burirams run continues Saudi duo shine
Having seen all their three representatives progress into last year's quarter-finals, Saudi Arabia once again emerged the most successful country in this year's AFC Champions League with Al Ahli and Al Shabab securing their places in the last ei ...
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Bahrain lawmaker wants envoy to Iran recalled
We need positions that match repeated provocative threats, Sawsan says Manama: A Bahraini lawmaker has urged the government to shut down its embassy in Tehran and to recall the ambassador from the Iranian capital ?without any delay.? ?The Iranian ambassador to Bahrain has not been reinstated after ...
Saudi Arabia Digest
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Saudi Arabia's massive infastructure drive
Saudi Arabia is in the midst of a major construction boom being implemented and supported by the national government in order to improve infrastructure and living standards in the largest economy in the Arab world.
It was recently announced by the director-general of the Saudi Industrial Property Authority (MODON), Tawfig Fawzan Alrabiah, that a new industrial city would be built in Taif in order to cope with growing demand for industrial land in Saudi Arabia. The Taif Industrial City will in fact be a ‘city within a city’ so to speak, but will measure 11 square miles in size and will function as a fully-fledged industrial city, providing all the infrastructure required in such zones. Read more
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