Saturday 27 December 2014
 
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Saudi Arabia

Housing prices in Saudi to plunge 30pc

The housing prices in Saud Arabia will fall about 30 per cent due to falling oil prices, distribution of more low-cost homes and the imposition of Zakat on vacant land, said a report. The real estate developers and owners are faci

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Saudi Arabia to see rise in housing prices

The house prices in Saudi Arabia are expected to rise further on the back of high demand for homes and a slow rollout of developments, according to a new report. The housing requirements will continue to outstrip supply even as ne

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Saudi set up new panel for stalled projects

Saudi Arabia has launched an autonomous arbitration panel to follow up on stalled projects in Riyadh and prevent delays by contractors, a report said. Several projects awarded by the Saudi government to contractors have been delay

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Saudi ‘could earn $9bn from tourist visas’

Saudi Arabia’s plan to start issuing tourist visas in six months will draw over seven million visitors to the kingdom and has the potential to provide the economy with more than SR35 billion ($9.32 billion) in five years, a report said.

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Saudis give free-marketers dose of their medicine

Attention all oil producers: Saudi Arabia wants to tell you something. If a truly free market sets the price, it will be far too low for comfort. Ali Al Naimi, the kingdom's oil minister, wants others to shar

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Qatar and Egypt officials discuss reconciliation

Egyptian and Qatari intelligence officials met in Cairo to discuss a possible reconciliation as part of Saudi efforts to broker an end to the 18-month standoff over Doha's support of the Muslim Brotherhood, security sources said.

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Saudi Arabia plans to issue tourism visa

The tourism sector in Saudi Arabia has high expectations for a big boost in the market next year, after the Saudi Commission for Tourism and Antiquities (SCTA) approved provisions to issue tourism visas and regulate the system, in order to reviv

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Saudi ready to raise oil output if new clients emerge

Saudi Arabia is prepared to increase its oil output and claim a bigger market share to meet the demands of any new customers, Monday's edition of the Saudi-owned Al-Hayat newspaper quoted the kingdom's oil minister as saying.

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Saudi ‘leads region for solar power potential’

While Saudi Arabia holds the largest potential for solar power in the region, the two emirates of the UAE – Dubai and Abu Dhabi – have also announced significant investments in solar farms with large scale projects, a top official sa

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Rosewood Hotels rebrands Jeddah property

Rosewood Hotels and Resorts, an international luxury resort company, has announced that its property in Jeddah, Saudi Arabia, has been renamed as Rosewood Jeddah as part of the company’s brand re-launch.  Formerly known as Ro

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