Fodder companies have cut the price of fodder by SR50 a ton. This is the fourth reduction since King Abdullah, Custodian of the Two Holy Mosques, issued a decision seven months ago to subsidize fodder by 50 percent.
The new price came into effect (...)
The complicated Nitaqat system aimed at reducing reliance on expatriate workers and ensuring jobs for Saudis has forced several contracting firms to turn down huge public and private sector projects in the Eastern Province.
The affected companies (...)
Frost has severely damaged, and in some places completely destroyed, crops here during the recent cold fronts over the area, say Eastern Province farmers.
Damage was estimated to be between 70 and 100 percent in the region.
Farmers said that the (...)
Local poultry companies here are claiming that they cannot sell their chickens because some companies have been dumping cheaper imported frozen chickens on the domestic market.
With demand dropping, some local companies are trying new ways to sell (...)
Realtors in the Eastern Province expect a 30 percent drop in real estate prices during 2012, which they argue is the market correcting itself after price increases of between 30 and 45 percent during 2011.
Abdullah Shihab, a realtor, said real (...)
The government's increased spending in its 2012 budget, on all levels of education and training of workers, shows its commitment to developing the country's human resources, say economic experts and analysts.
This has been the strategic goal of all (...)
The Saudi government's ban on Indonesian domestic workers may be lifted in January after the Indonesian authorities agreed in principle to drop their demands for sponsors to provide their fingerprints and plans of their houses, according to (...)
Female candidates running for seats on the board of the Eastern Province Chamber of Commerce and Industry elections (EPCCI) believe their chances are “no greater or less” than those of their male rivals.
“My campaign is backed with lots of ideas (...)