Latest Saudi Arabia News
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Saudis in London advised to st...
Saudi embassy to the United Kingdom asked all Saudi citizens to take caution and stay away of the suspicious places and gatherings. In a statement issued by the embassy Friday, 'Due to the negative repercussions following the heinous crime committed in Woolwich, south-east London, on Wednesday and ...
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ABU DHABI May 25th 2013 - Sudanese President Omar Hassan el-Bashirhas expressed
The remarks came when el-Bashir received the UAE delegation, led by Abdullah Al Muwaiji, member of the Federation of United Arab Emirates Chambers of Commerce & Industry and Chairman of the Ajman Chamber of Commerce and Industry, in the presence of a number of members of UAE Federation. He said ...
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Patenting Disease Saudi Authorities ‘Must Pay To Protect Citizens’
Confronted by a new disease that is killing it citizens, the government of Saudi Arabia is complaining that a Dutch laboratory has patented the MERS-nCoV virus. As a result, anyone who wishes to reproduce the virus -- even for the purpose of trying to find a way to kill or control it -- must pay license fees to that lab. This, the Saudi government is telling the World Health Organization, is ...
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GCC anniversary marked amid hope for Gulf union
Bahrainis praise achievements, but stress need to address pending issues Manama: Bahrainis are marking the 32nd anniversary of the Gulf Cooperation Council (GCC) with hopes for greater achievements and calls for prompter Gulf unity. The Council, set up on May 25, 1981 in Abu Dhabi, brought together ...
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Internet use up 16 in Saudi
(MENAFN - Arab News) Internet usage has increased by 16 percent in the Kingdom, with a 10 percent growth in the number of providers expected by the end of this year.Internet providers said that modern and smart technologies are helping to increase Internet use as services are available in packages ...
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Saudi- Govt to spend $ 66 bn on water projects over 10 years
(MENAFN - Arab News) The European inventor, writer and painter Leonardo da Vinci once said: "Water is the driving force of all nature." This statement is all the more relevant in Saudi Arabia with its limited supply and arid environment.The Saudi government has recognized the importance of water ...
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Saudi- Walls to be built around rail tracks at holy sites
(MENAFN - Arab News) Work is now under way to build a wall encircling the train tracks connecting the holy sites at Makkah, an official of the Ministry of Municipal and Rural Affairs has said.Deputy Minister Habeeb Zayn Al-Abideen said the ministry called for bids from companies for the maintenance ...
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Riyadh Governor and Vice Governor Receive President of Saudi Publishers Association
SPA -- Prince Khalid bin Bandar bin Abdulaziz, Governor of Riyadh region, and Prince Turki bin Abdullah bin Abdulaziz, Vice Governor of Riyadh region, received separately here today President of Saudi Publishers Association Ahmed Bin Fahd Al-Hamdan and the accompanying delegation. During the ...
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Saudi banks assets gain SR38bn in Q1
The combined assets of Saudi Arabias banks swelled by nearly SR38 billion (Dh37.7 billion) in the first quarter of 2013 to maintain their position as having the second largest financial base in the Middle East after UAE banks. Official data also showed Saudi Arabias banks continued to open up their ...
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JK govt to unveil tourism package Minister
SRINAGAR: government plans to unveil a comprehensive tourism package in an effort to increase the footfall of foreign visitors to the state this season. "A comprehensive tourism package will be unveiled by the Government to organise short summer and winter tours for overseas visitors," Minister of ...
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Saudi- SAMAs net foreign assets surge to SR 2.506 trillion
(MENAFN - Arab News) The Kingdom's M3 money supply growth accelerated to 14.1 percent year-on-year at the end of April, the fastest rate since October 2011, from 12.3 percent in the previous month, data from the Saudi Arabian Monetary Agency showed.Bank lending to the private sector rose 16.0 ...
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Saudi- Insurance firms win weekly race
(MENAFN - Arab News) Saudi stocks spent the entire last week with impressive gains. The Tadawul All-Share Index (TASI) reflecting an upward march throughout the week ended in the green territory at 7,363.13 points, up 215.7 points or 3.02 percent, from its previous weekend close at 7,147.42 ...
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New real estate fund from Saudi Fransi Capital
(MENAFN - Arab News) Saudi Fransi Capital has launched its new fund, the Saudi Fransi Real Estate Fund. The new fund seeks to achieve capital growth, by developing lands and real estate projects, along with the possibility of generating income stream by acquiring existing real estate in Saudi ...
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The spokesman of the Organization of Islamic Cooperation in a statement in Jeddah
Reiterating the OIC's strong and unwavering position against all forms of terror including hatred, violence and intolerance based on religion and faith, the OIC spokesman said that the brutal and barbaric killing in Woolwich last night was a criminal and outrageous act by the individuals involved ...
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Saudi missing for 10 years found imprisoned in Iraq
(MENAFN - Arab News) The Human Rights Commission following up on the conditions of missing and imprisoned Saudis in Iraqi prisons announced that it found a Saudi national missing for 10 years.Mohammad Bin Abdullah bin Al Johari Al Huwiati was isolated in solitary confinement in the 52nd Crime ...
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The Energy sector delivers gas turbines and transformers to Saudi Arabia
The Energy Sector has been awarded two contracts valued at approximately EUR200 million by Saudi Electricity Company (SEC). The first contract includes the supply of five SGT6-2000E gas turbines, which will add 388 megawatts (MW) to the Rafha, Qurayyat and Arar areas, helping to address the Kingdom's rapidly rising power ...
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Qitaf enables customers use services of Drive 7 international
STC now adds further value to Qitaf subscribers through an exclusive offer that gives them an opportunity to get 50% discount from 'Drive 7' international for car services on redemption of 100 Qitaf ...
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SFC launches new real estate fund
Saudi Fransi Capital launches its new fund, the Saudi Fransi Real Estate Fund. The new fund seeks to achieve capital growth, by developing lands and real estate projects, along with the possibility of generating income stream by acquiring existing real estate in the Kingdom of Saudi Arabia. It's a closed - ended sharia'h compliant fund, with duration of four Gregorian years from the ...
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No exodus of Indians from Saudi Arabia Officials
Kingdom has increased "significantly" in the last few months. "There is no exodus of people. The number of Indians who have come to Saudi Arabia in the past three months have risen significantly according to Saudi authorities," said Sibi George, Minister and Deputy Chief of Mission at ...
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First Saudi woman Raha Muharraq 25 reaches top of Mount Everest
A Saudi woman, Raha Muharraq, on Saturday reached the summit of Everest, the world's highest peak, in a first for the conservative Muslim kingdom where women's sports are severely restricted, her proud father said. "She reached the summit of Everest on Saturday morning. We have been able to contact her and she is very exhausted and now resting," Hassan Muharraq told ...
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Riyadh Gives 35 Tons Of Arms to Syria Militants
The chief of staff of the so-called Free Syrian Army has unveiled that Saudi Arabia has provided the foreign-backed militants in Syria with tons of weapons. General Salim Idriss told Washington Post newspaper that "his forces had just received a new shipment of 35?tons of weapons from Saudi ...
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Saudi Arabias TCC invests $50m in Digital Signal
Saudi-based Technology Control Co (TCC) has made a $50m investment in Digital Signal Corp (DSC), a US-headquartered facial-recognition technology firm. The fund brings the total raised by Digital Signal Corp to around $100m. This figure could climb if the Riyadh-based tech consulting firm exercises an option to add another $60m to the latest funding round. DSC sells its biometric-based security ...
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Mobily awards ad brief to Impact BBDO Lowe MENA
Saudi mobile telecoms operator Mobily has split its creative advertising brief between Impact BBDO and Lowe MENA following a review, Campaign ME has reported. Riyadh-based Mobily had last called a creative review in 2009, finally deciding to split the business with Impact BBDO and Drive Dentsu. Mobily is one of the biggest ad spenders in the kingdom, the report ...
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SAMA may fix mortgage rates
The Saudi Arabian Monetary Agency (Sama) has said it is considering new regulations to unify mortgage rates for all banks and finance companies to follow, Arab News has reported. "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 the general manager of Control Finance Companies at Sama, Mohammed ...
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Saudi to send animal samples to US in...
Saudi Arabia said today it would send samples taken from animals possibly infected with a deadly SARS-like virus to the United States for testing in a bid to find the source of disease. The Saudi health ministry has "collected large samples from bats and other animals, including camels, sheep and ...
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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