The Jeddah City skyline is changing fast amid monumental economic and technological growth in Saudi Arabia, giving rise to lots of opportunities as well as challenges.
As the number of population living in the already bursting city multiplies, (...)
Amid current pace of population growth coupled with massive economic development, the need for a better and comprehensive healthcare system is essential as diabetes – often associated with obesity – as are other chronic diseases, become (...)
The equity funds registered for sale in the GCC region lost momentum during Q2, recording a fall of nine percent, mainly due to market conditions across the region, the Second Quarter 2010 GCC Fund Market Insight Report from Lipper showed on (...)
The 25 countries that participated in the first-ever Clean Energy Ministerial (CEM) have endorsed the “rapid deployment of electric vehicles” as part of the global pursuit to advance clean energy technology and policies.
At the conclusion of the (...)
The Saudi Arabian economy remains one of the strongest in the region, and indeed globally, at a time when macroeconomic concerns still abound on the pace of recovery after the financial crisis of 2008-2009, the “Saudi Factbook 2010” report by NCB (...)
A Canadian-Saudi joint venture company has been granted a mining license by the Saudi government to extract world-class zinc, copper, silver and gold metals from the Red Sea.
The exclusive mining license is for 30 years - extending over the (...)
The insurance and financial sector should be at the forefront of adopting modern corporate governance and transparency measures, Sultan Bin Saeed Al Mansoori, the UAE Minister of Economy, said on Monday in a keynote address at a workshop by (...)
Market for small car segment in Saudi Arabia is starting to grow, with increasing competition among car manufacturers.
In recent years, the sale of vehicles with four-cylinder engines has witnessed noticeable improvement. This trend toward quality (...)
Prospects for travel and tourism industry in the Middle East and Africa region as a whole look promising in the first quarter of this year, as evinced in an increase in RevPAR (revenue per available room) - a ratio commonly used to measure financial (...)
Saudi businessmen expressed solidarity with the local academe for the propagation of Islamic finance in Europe, making Spain as its hub.
According to Dr. Abdullah Q. Turkistani, director of Islamic Economic Research Center, King Abdulaziz (...)
Over the next decade, as the GCC population soars by 30 percent to over 50m people, the Gulf region will see an increasing strain on its supplies of basic commodities, particularly electricity, food and water. And the ways in which the region faces (...)
Entrepreneurship in the Kingdom is on the rise, the second annual list of Saudi Arabia's fastest growing emerging businesses released on Wednesday at the 4th Annual Global Competitiveness Forum in Riyadh revealed.
The list also showed a diversity (...)
Technology firms dominate 2010 ‘Saudi Fast Growth 100' list
JEDDAH - Entrepreneurship in the Kingdom is on the rise, the second annual list of Saudi Arabia's fastest growing emerging businesses released on Wednesday at the 4th Annual Global (...)
In what conceivably be a new benchmark of Saudi Arabia's strong economy – despite financial maelstrom felt globally – a new tower in Jeddah is in the final phase of its construction and once completed, will be the tallest edifice in the city.
At a (...)
Islamic loans reach only $5.4 billion
JEDDAH - The Middle East investment banking industry recorded dreary results last year with dramatic declines in fees and deal activity.
In the fourth quarter 2009 review of the Middle East investment (...)
London Mining has confirmed that both 5 Mtpa (million tons per annum) and 10 Mtpa operations were feasible and identified resources to allow mine extension and further capacity increase for the Wadi Sawawin iron ore project in the Kingdom.
Wadi (...)
Stock markets across the Middle East and North Africa (MENA) region dropped by 1.8 percent in October.
Kuwait was the poorest performing Arab market in October as it lost 6.0 percent bringing year to date losses to 5.6 percent.
The Saudi Tadawul (...)
Consumer confidence in the Middle East and North Africa region showed a positive increase, according to the latest Consumer Confidence Index (CCI) - a quarterly survey conducted by the Middle East's leading job site Bayt.com in conjunction with (...)
Chevrolet and GMC dealers in the Kingdom of Saudi Arabia - Alissa Automotive Company, Aljomaih Automotive Company, Omar A. Balubaid Company and Universal Motors Agencies Co - showcased the impressive capabilities of Chevrolet and GMC SUV line ups in (...)
Amid a growing demand for healthcare services in Saudi Arabia, Banaja Holdings, formerly Saudi Import Company, unveiled on Sunday its new corporate identity and group management restructuring.
The new name and management structure for Saudi Import (...)
Saudi Arabia has emerged as a top tourism market for Singapore, following a 23 percent increase in visitor arrivals to the city-state in the first quarter of 2009 compared to 2008 figures.
Arrivals from the Middle East and Africa region expanded 5 (...)
Family business model is well suited to endure economic downturn as it has certain attributes that could withstand the turbulence, to survive in a downturn, said a report published recently by Barclays Wealth and the Economist Intelligence Unit (...)
In recognition of its distinctive efforts in localizing workforce, the National Commercial Bank (NCB) has recently received an honorary award from the Council of Ministers of Labor and Social Affairs in the GCC countries.
The announcement was made (...)
Arab travelers to the tropical island of Sri Lanka are showing a keen interest in the country's precious stones according to research conducted by Sri Lanka Tourism Promotion Bureau's Middle (SLTPB) East office.
In a statement sent to the Saudi (...)
As recession in the US becomes ever more likely, and as the business world in North America, Europe and Asia is gripped by a credit squeeze, the economic success story of the oil-rich Gulf countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and (...)