Prince Alwaleed receives Malian Ambassador to Saudi Arabia

AME Info - Thursday 23rd May, 2013

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company, received at his office, HE Mohamed Mahmoud Ben Labat, Ambassador of Mali to Saudi Arabia. The meeting was attended by Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the ...

Saudi Arabia sees win-win in solar energy boom

Arabian Business - Thursday 23rd May, 2013

A slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving billions of dollars of crude for export while making electricity at less than half the ...

SABIC opens its first engineering thermoplastics and polypropylene compounding facility in Jubail

AME Info - Thursday 23rd May, 2013

Saudi Basic Industries Corporation (SABIC) has further demonstrated its national growth commitment by opening its first engineering thermoplastics compounding facility as well as a new polypropylene compounding (PPc) plant, at its manufacturing affiliate, Saudi Specialty Chemicals Company (SPECIALTY CHEM), in Jubail, Saudi ...

Siemens awarded contracts worth approximately SR1bn by Saudi Electricity Company

AME Info - Thursday 23rd May, 2013

Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare sectors, has been awarded two contracts valued at approximately SR1bn by Saudi Electricity Company ...

A country of illusion and deceit

General Sources - Thursday 23rd May, 2013

MORE than 50 of the world's top 100 mega-yachts belong to members of the Saudi royal family, their current or previous advisers or former ministers of that country's government. In addition, these groups of Saudis are allegedly the biggest customers of Moldovan, Albanian and Belarusian prostitutes trafficked from their native lands for the southern European summer. And, despite their ...

Saudi official says 10 detained from Iranian spy r

Congoo - Thursday 23rd May, 2013

Interior Ministry spokesman Maj. Gen. Mansour al-Turki said in a statement Tuesday that investigations in the March arrest of 18 alleged spies had led to the new arrests. The ministry said on March 19 that security authorities had arrested 18 people suspected of espionage, including an Iranian, a ...

Axiata evaluating bid for STCs Indonesian affiliate

AME Info - Thursday 23rd May, 2013

Malaysia's largest mobile-phone operator Axiata Group is assessing a bid for PT Axis Telekom Indonesia, Bloomberg has reported, citing three people with knowledge of the matter. Axis, 84%-owned by Saudi Telecom Co (STC), is valued at about $1bn including debt, according to an estimate from Saudi Fransi Capital. Malaysia's Maxis Communications also holds a stake in the ...

Saudi Arabias Bahra Cables opens new PVC conduits plant

AME Info - Thursday 23rd May, 2013

Bahra Cables Co, a subsidiary of Saudi-based Construction Products Holding Co (CPC), has announced the opening of a new plant for manufacturing of PVC conduits and fittings for electrical use, Saudi Gazette has reported. Located in Bahra near Jeddah, the new plant has an annual production capacity of 18,000 tonnes of PVC conduits, fittings and couplings of different ...

SABIC to float tender for $500m plant

AME Info - Thursday 23rd May, 2013

Saudi Basic Industries Corp (Sabic) and Japan's Mitsubishi Rayon Co (MRC) are set to float the tender for the engineering, procurement and construction (EPC) contract for two new petrochemicals plants worth about $500m in Jubail, Saudi Gazette has reported. To be built at Jubail Industrial City, The two plants will produce methyl methacrylate (MMA) and polymethylmethacrylate (PMMA). The ...

Amnesty raps abuses in PG Arab states

Congoo - Wednesday 22nd May, 2013

Amnesty International has condemned the Persian Gulf Arab states for widespread human rights violations. The Human rights group published a report on Wednesday regarding human rights violations in Saudi Arabia, Bahrain, United Arab Emirates, Kuwait, and Oman. In Saudi Arabia, "government critics ...

Iranian drone found in Bahrain near S...

Congoo - Wednesday 22nd May, 2013

Bahrain today said it has found an Iranian drone in the kingdom's north near Saudi Arabia and called for increased cooperation between regional security services to face "threats" from Tehran. The unmanned aircraft "was found in the sea in north Bahrain, mainly between Bahrain and Saudi Arabia, two ...

Air Arabia launches two weekly flights to Abha

Congoo - Wednesday 22nd May, 2013

SHARJAH: Air Arabia inaugural flight on Wednesday touched down in Abha, Saudi Arabia, from its primary hub in Sharjah. The new service from the carrier's primary hub in Sharjah marks Air Arabia's eighth destination in the Kingdom and 85th worldwide. Air Arabia offers two weekly flights to Abha, ...

$15 billion Saudi bailout likely

Congoo - Wednesday 22nd May, 2013

ISLAMABAD, May 22: With an 'amiable' government in place, 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 it to resolve the chronic circular debt issue. A senior ...

Iconic Saudi Metro station designs revealed

Business 247 - Wednesday 22nd May, 2013

• Gerber Architekten from Germany for Olaya Metro Station • Snohetta from Norway for Downtown Metro Station (Qasr Al Hokm) • Zaha Hadid from the United Kingdom for King Abdullah Financial District Metro Station In a media statement, the authority said that the winning designs were selected for their outstanding conceptual thinking and powerful design. "Each of the stations ...

Saudi students bring home scientific honors

Congoo - Wednesday 22nd May, 2013

Saudi students brought home eight awards from the Intel ISEF 2013 that took place in Phoenix, Arizona, recently. The winners were ninth to 12th graders who earned the right to compete at the Intel ISEF 2013 by winning a top slot at a local, regional, state or national science fair. This was the ...

For the love of music

Congoo - Wednesday 22nd May, 2013

Changing the face of Saudi music scene - Part 3 Mariam Nihal Saudi Gazette Disturb The Balance Disturb The Balance (DTB) is a local alternative rock/metal band that was formed in 2008 in Saudi Arabia. It was originally discovered by lead vocalist, Moe Zein, and consists of five band members: ...

Prince Saud says Iran indulging in deception

General Sources - Wednesday 22nd May, 2013

The presence of an Iranian espionage cell in Saudi Arabia exemplifies Tehran’s hostile attitude toward the Kingdom, said Foreign Minister Prince Saud Al-Faisal yesterday. "No country is allowed to recruit individuals to work against Saudi Arabia," Prince Saud said while answering a question posed by Arab News during his meeting in Ankara with the editors in chief of Saudi ...

Saudi sets new food inflation record last month

MENAFN - Wednesday 22nd May, 2013

(MENAFN) Jadwa Investment announced that Saudi food inflation hit a record high in April driven by rising food prices over the past months, reported Emirates 24/7.On the other hand, the general inflation rate in the country was among the highest in the world. Prices increased 4 percent in April on yearly basis, compared with a growth of 3.9 percent in the January-March period, according to the ...

Saudi Commerce and Industry Minister Meets British Trade Official

MENAFN - Wednesday 22nd May, 2013

(MENAFN - Saudi Press Agency) The Minister of Commerce and Industry Dr. Tawfiq Bin Fawzan Al-Rabiah met here today with Chief Executive Officer of UK Trade and Investment Nicholas Byrd. During the meeting, they discussed aspects of trade and industrial cooperation between the two countries, and the roles of the private sectors in the development and enhancement of cooperation. The meeting was ...

Medical warehouse seized in Madinah

MENAFN - Wednesday 22nd May, 2013

(MENAFN - Arab News) A field tour conducted by the municipality of Al-Awali, part of the municipality of Madinah, resulted in the seizure of a medical warehouse situated on Prince Abdul Majeed road in Madinah, which was in violation of many laws. Owned by a medical company, the warehouse failed health requirements in terms of storage and processing, said Hamdan Assa'edi, the mayor of ...

Saudi- Factory setting example to employ women in farm sector

MENAFN - Wednesday 22nd May, 2013

(MENAFN - Arab News) The largest fruit and vegetable factory has opened its doors to Saudi women for the first time, hiring 100 female employees and aiming to hire 300 more in the coming two years. The factory's Executive Chairman Saifullah Sharbatly said they took the initiative of hiring in line with labor market regulations to create jobs for Saudi women in the private sector across the ...

Saudi- Ten more arrested in Iranian espionage case

MENAFN - Wednesday 22nd May, 2013

(MENAFN - Arab News) An official spokesman from the Saudi government has confirmed the arrest of 10 people involved in an Iranian espionage cell who were allegedly associated with the same spy network that was dismantled in March of this year by Saudi security officials. A security spokesman confirmed that the latest cell had eight Saudis, one Lebanese and one Turkish national."Initial ...