The rapidly growing health sector in the GCC countries, which a recent study estimated to expand at 11 percent annually and attract $160 billion by 2015, augurs well for all businesses in the market, including the e-health solutions (...)
day Yeosu Korea Expo 2012 will kick off on May 12 at the port city of Yeosu, with the participation of some 100 countries around the world, including Saudi Arabia.
Yong-gi Shin, Consul General of the Republic of Korea in Jeddah, said this year's (...)
The Saudi business sector remains "resilient" and would continue to enjoy "stability" in the second quarter of this year, the National Commercial Bank (NCB) said Tuesday at the launch of its Business Optimism Index for Q2 2012, in association with (...)
As consumer demand drives the smartphone market, the fight for dominance intensifies, with the smartest and the most innovative of them all likely to reign supreme.
Based on recent industry data, the number of devices using the Android operating (...)
Investment in Saudi Arabia's travel and tourism industry would increase by 6.7 percent in 2012, and rise by 3.3 percent yearly over the next 10 years to SR29.5 billion in 2022, representing 4.5 percent of the Kingdom's total investment, the World (...)
Amid massive ongoing infrastructure and high rise construction projects in Jeddah, industry players are calling for a review of the existing Jeddah City development master plan so as to appropriately address the “mismatch between projects and target (...)
Austria's trade relations with Saudi Arabia reached new heights, evidenced by the success of the recent visit to the Kingdom of a huge contingent of Austrian businessmen.
The five-day business-to-business meetings by a group of 25 entrepreneurs (...)
With Spring holidays in Saudi Arabia and the Gulf just around the corner (March 23 to April 1), followed by a much longer summer vacation 4 months down the road, Switzerland has measures put in place to ensure that holidayers coming from the region (...)
Lenovo, after buying IBM's personal computer business, was catapulted to become the second-largest PC vendor globally in the Fortune 500. The stature was achieved not by sheer luck, but through hard work and putting firs and foremost the interest of (...)
Against a backdrop of construction boom going in Saudi Arabia, and despite the high cost, there is a gradually rising shift toward the use of green building technology, a senior industry executive told the Saudi Gazette in an interview.
As the (...)
Against a growing competition in the corporate world, job-hopping and “employee piracy” are brought into the limelight – which may have negative consequences on the previous employer.
To thwart these developments, a leadership and human resources (...)
Saudi Arabia's industrial and non-oil sectors would continue its growth spurred by mining and ceramics manufacturing industry, Al Rajhi Capital said in a report on Saudi industrial companies released on Saturday.
The report forecast strong (...)
A recent Saudi government $385 billion construction development plan will “somewhat satisfy” Kingdom's housing demand which is poised to grow at 13 percent CAGR by 2013, said RNCOS in its new study on Saudi housing sector.
“The government approval (...)
Demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery, the World Gold Council (...)
Wheat consumption in Saudi Arabia is forecast to experience very strong growth of 25.9 percent, while production is expected to fall drastically, with output plummeting by 73.4 percent to 2014, according to a new market study by Business Monitor (...)
Gold price has a positive correlation with money supply growth, according to a new empirical study produced by the World Gold Council, a fact that is extremely pertinent in today's environment of elevated money supply growth. Moreover, money supply (...)
Although Saudi stock market closed in the negative territory on Monday, the January performance nonetheless showed a marked improvement.
The total value of shares traded for the month reached SR65.65 billion ($17.51 billion), an increase of 23.49 (...)
The launch of the new 4-door Aston Martin car model Rapide in Saudi Arabia on Sunday is a clear barometer of a strong local economy that has not only weathered the regional financial maelstrom yet withstood global recession.
A recent industry (...)
Expansion programs across the GCC are expected to increase the region's district cooling capacity by threefold to 5.5 million tons of refrigeration (TR) by 2011-2012, while an additional 6.5 TR is expected to be ready by 2015, industry stakeholders (...)
(Gulf Cooperation Council (GCC) bonds and Sukuk volume reached $18.4 billion in the first half of 2009, an increase of 37 percent compared to the same period last year, Kuwait Financial Center S.A.K. (Markaz) said in its latest report on bonds. The (...)
Soft drinks sales in Saudi Arabia are forecast to grow 26.1 percent through to 2013, the “Food and Drink Report” for the third quarter of 2009 said. It said that despite a weakened near-term macroeconomic outlook, a number of food and drink (...)
BMW Group has unveiled the world's biggest and most technologically-advanced BMW service facility in Jeddah on Tuesday.
Mohamed Yousuf Naghi Motors, the exclusive importer of BMW, MINI and Rolls-Royce in Saudi Arabia, invested SR150 million to put (...)
For many, education holds the key to a better future, but in a fast-changing economic milieu, it is not only sheer knowledge but also adeptness in special technical skills that lead the way to success and eventually sustainable economic (...)
Structured derivative products are currently in spotlight for their role in elevating the present global credit crisis, said Hussein Zeineddin, assistant vice president of the Equity Derivatives and Structured Products Department in Kuwait Financial (...)
The Shariah-compliant financial services sector is worth between $200 and $500 billion annually and is of growing interest for world financial markets, experts participating in Halal World Expo slated on Nov. 11-13 at the Abu Dhabi National (...)