In spite of the recent credit crunch and widespread global economic slowdown, the prospects for growth in Islamic securities markets are likely to be positive, said Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision, (...)
With a size of about SR4.4 billion, the Saudi air conditioning market is one of the biggest in the MENA region, Al Rajhi Capital said in a report Sunday.
"We expect this market to continue to grow at a healthy pace, largely backed by (...)
Although Saudi Arabia is among the most competitive countries in the G20 group of nations and the most competitive rapid-growth market in the group, "SMEs are not playing their perceived role and are still facing many challenges, despite them having (...)
Saudi Arabia's bourse made its largest one-day decline in eight months Sunday and most other regional markets also fell as investors sold off ahead of an expected drop in global markets Monday.
Saudi stock benchmark Tadawul All Share Index dropped (...)
In the present day highly competitive world of technological innovations punctuated by economic hiccups, to stay on top is every company's dream. And the watch industry is no exception.
But in the Gulf, particularly Saudi Arabia, the economic (...)
The slowdown in oil sector is expected as higher level of production and prices will have impact on the incremental growth in the sector, Al Rajhi Capital said in its March Economic Report.
The Central Department of Statistics and Information data (...)
based professionals saying that their individual economic situation is now worse was much lower, respondents to a new Bayt.com survey said.
The survey, in partnership with the Program on Arab Reform and Democracy at Stanford University's Centre on (...)
The Jeddah Expansion Summit 2012 opens today (March 27) with the aim of addressing the challenges, opportunities and strength of "expanding and regenerating" Jeddah.
The Mayor of Jeddah, Dr. Hani Bin Mohammed Abu Ras, will deliver the keynote (...)
Saudi Arabia's water desalination capacity is expected to peak at 200,000 cubic meters by 2015 as the Kingdom rushes to meet demand from public consumers and private sector projects and comply with the water requirements of government-led (...)
The Gulf Cooperation Council (GCC) countries remain pivotal to any business strategy in the Middle East and its growing importance in the region's business and trade activities cannot be ignored, according to Edmund O'Sullivan, Chairman, Middle East (...)
Saudi Basic Industries Corp. (Sabic) unveiled Tuesday its academy to further sharpen the skills of its employees and “improve the pace of manpower development.”
The Sabic Academy aims to become a center for motivating employees and a home for (...)
Bahraini economy is expected to recover, and that it will grow this year, Kuwait Finance House (KFH)-Research said in a report Wednesday.
The report forecast Bahrain's real GDP growth at 3.5 percent y-o-y in 2012 compared with 2.2 percent y-o-y in (...)
The Islamic finance industry is becoming one of the fastest growing components of the global financial system, with experts projecting growth rates of between 15 percent to 20 percent per annum.
The Middle East region, which has played a pivotal (...)
Incessant speculation over possible military action against Iran has kept crude oil prices firmly above $100 per barrel, Global Investment House said in a recent study.
Oil prices increased by 2.6 percent to $105.11 per barrel during the review (...)
Flush with cash, with oil prices consistently above $120 a barrel, the United Arab Emirates, Saudi Arabia and Qatar have all embarked on aggressive hotel and transport development programs as they seek to diversify their economies away from oil and (...)
The cars on the world's roads in 2040 will be a very different mix than what we have today. To a large extent, these changes will be driven by government policies that will mandate the fuel economy of personal vehicles, ExxonMobil said in its study (...)
The annual production of plastic raw materials in the Gulf region will grow to 23.6 million tons or 73 percent by 2015, compared to 13.6 million tons at present, Dr Abdulwahab Al-Sadoun, Secretary General of the Gulf Petrochemicals and Chemicals (...)
Gulf stock markets continued northbound trek Sunday as global economic sentiment improved.
Saudi Arabia's Tadawul All Share Index (TASI) rose 0.21 percent to close at 7,351.28 points, continuing its 12th day of gains, the longest winning streak (...)
From fourth left, Sheikh Ali Hussein Alireza, Managing Director of Haji Husein Alireza & Co. Ltd., Sheikh Ali Alireza, and Chaoying Xu, General Manager of Yuejin, cut the ceremonial ribbon.
JEDDAH – Saudi Arabia's strategic location and (...)
Saudi Arabia's IT market, the biggest in the in the Gulf region valued at $3.8 billion in 2011, is forecast to rise to $5.7 billion by 2016, Business Monitor International said in its "Saudi Arabia Information Technology Report Q1 2012".
The (...)
GCC petrochemical companies were urged to be globally competitive as recent shift in both supply and demand have led to growing gas shortages of natural gas in the region, and at the same time feedstock developments in other parts of the world pose (...)
a series of exceptional timepieces fitted with mechanical movements that has sprung from the fertile area of Saint-Imier where Longines was set up in 1832 – was launched in Saudi Arabia Wednesday.
The Longines Saint-Imier Collection has been (...)
Mobily, Saudi Arabia's second telecommunications company, together with nine global service providers, announced Tuesday the launch of the Global Meeting Alliance, an open ecosystem of leading telecom providers that have aligned to interconnect (...)
Khobar's rental market is displaying strong performance, at par with other major cities of the Kingdom, particularly within the apartment sub-market, Colliers International said in its Residential Overview of the area for the fourth quarter of (...)
The buoyancy in the economy coupled with a growing population has increased consumer confidence in Jeddah's residential property market, Colliers International said in its fourth quarter of 2011 Jeddah residential report.
However, the majority of (...)
