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Hydrocarbon reserves: KSA has competitive advantage
Arab News, Jeddah, Saudi ArabiaSaudi Arabia will continue to make the most of the competitive advantage presented by its hydrocarbon reserves despite rising US shale oil production, says a Riyadh-based analyst. "I think that these new sources of oil and gas are welcomed by everyone,...Tags: Petroleum Industry, Environmental Issues, Saudi Arabia, Energy Resources, Energy
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Loans portfolio for Saudi banks exceed SR 1 trillion mark
Arab News, Jeddah, Saudi ArabiaSaudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses. The depositary base reached an all-time high at SR 1.29 trillion, increasing 12.5 percent on an annual basis. The pace of growth has...Tags: Alcoa Incorporated, Saudi Arabia, Business, Finance, Economy, Business and Finance
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Health Ministry blames nurse for Tabuk baby mix-up
Arab News, Jeddah, Saudi ArabiaA recently appointed nurse at a hospital in Tabuk mistakenly switched two babies when handing them to their parents. Audeh Al-Atwi, media spokesman of the health department in the province, said workers in the children's ward often show carelessness...Tags: Saudi Arabia, Health and Medical Professionals, Family, Hospitals and Clinics, Medical Procedures and Tests
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Retail sector surges 1.37%
Arab News, Jeddah, Saudi ArabiaThe Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,147.42, adding 8.11 points or 0.11 percent for the entire day. After falling over 53.9 points during the session it bottomed out at 7,090....Tags: Saudi Arabia
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Indian minister to discuss Nitaqat during visit
Arab News, Jeddah, Saudi ArabiaKey bilateral and regional issues including the welfare of Indian workers, within the framework of the new Saudi labor policy, will top the agenda of talks later this month between Salman Khurshid, the Indian external affairs minister, and high-ranking...Tags: Politics, Saudi Arabia, Personal Data Collection, Interior Policy
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Petroleum sector to gain from Al-Dahra contract
Arab News, Jeddah, Saudi ArabiaThe first fluid catalytic cracking (FCC) catalysts manufacturing facility in the Middle East will be built in Abu Dhabi. An agreement to this effect was has been signed by Abu Dhabi-based Al-Dahra Agriculture with US company WR Grace & Co. (GRA). This...Tags: United Arab Emirates, Saudi Arabia, Energy Resources, Restructuring and Recapitalization, Joint Ventures
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BRIEF: 52 unsafe restaurants shut down
Arab News, Jeddah, Saudi ArabiaThe Riyadh Municipality closed down 52 restaurants and street vendors during random checks on establishments here recently. The eateries, run by expatriates, were found serving unhygienic food and operating either without health certificates or...Tags: Saudi Arabia, Lifestyle and Leisure
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Warburg closes $ 11 bn global private equity fund
Arab News, Jeddah, Saudi ArabiaWarburg Pincus, a major global private equity firm focused on growth investing, has announced the closing of Warburg Pincus Private Equity XI, L.P. (WP XI), a $ 11.2 billion global fund. This new fund is one of the largest private equity funds raised...Tags: Private Equity, Environmental Issues, Startups, Saudi Arabia, Finance
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400 companies to exhibit products at Jeddah show
Arab News, Jeddah, Saudi ArabiaSaudi Arabia's food, hotel and hospitality event is set to be held from Sunday (19) to Wednesday (22) at Jeddah Center for Forums and Events. Labeled as the biggest of its kind in the Kingdom, the 18th edition of Saudi food, hotel and hospitality, is to...Tags: Restaurants, Dining and Drinking, Tourism and Leisure, Pakistan, Travel
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Gulf Prime Services upbeat on KSA residential projects
Arab News, Jeddah, Saudi ArabiaThe recent passage of real estate finance regulations by the Saudi Arabian Monetary Agency seeks to ease the pent-up demand within Saudi Arabia's residential sector. Supported by a favorable first-time home buyer demographic, the residential finance...Tags: Marketing, Real Estate, Saudi Arabia, Homes, Services and Shopping
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BRIEF: India exempts outbound expatriates from EC fees
Arab News, Jeddah, Saudi ArabiaIndians in Riyadh and Jeddah will waive fees for emergency certificates issued during the grace period to Indian expats bound for home from the Kingdom. Deputy chief of the Indian Embassy Sibi George told Arab News that the Indian government announced...Tags: Politics, Saudi Arabia, Personal Data Collection, Riyadh (Saudi Arabia), Interior Policy
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Kingdom's nonoil exports to Arab states up five-fold
Arab News, Jeddah, Saudi ArabiaMinister of Commerce and Industry Tawfiq Al-Rabiah expected a growth in Saudi exports during the coming period. He stressed the fact that Saudi Arabia's nonoil exports to the Arab countries had increased five-fold compared to the past seven years. "We...Tags: Economic Organization, Saudi Arabia, Trade Dispute, Contracts, World Trade Organization
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Original site for Jeddah (Saudi Arabia) topic gallery.
