Friday 11 July 2014
 
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Saudi Arabia

Housing programmes ‘driving Saudi property sector’

Housing programmes launched by Saudi Arabia’s Ministry of Housing and the positive outlook for real estate financing remain key drivers of the kingdom’s real estate market, said an industry expert. “The sector co

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Al Falak wins VAR Arabia distributor award

Al Falak Electronic Equipment & Supplies Company, a leading ICT solutions provider, has been named ‘Best Retail Distributor’ at the VAR Arabia Awards, which recognises Saudi Arabia’s top performing IT channel.

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Saudi Q1 economic growth slows to 4.7pc

Saudi Arabia's economic growth eased to an annual rate of 4.7 percent in the first quarter of 2014 as labour market measures curbed activity in some sectors, but the expansion was still stronger and more widespread than growth a year ago.

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Loss-hit Atheeb sells Riyadh real estate

Saudi Arabia's Etihad Atheeb has sold land and property in the capital Riyadh for 160 million riyals ($42.7 million), the fixed line telecommunications operator said on Monday. Loss-making Atheeb, which uses the brand name Go,

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New college to train 3,000 Saudi rail staff

UK-based TQ Pearson, a global learning company, has opened a brand new college that will give 3,000 Saudi staff in the kingdom’s rail sector world class technical training, as well as English language skills. The Saudi Railw

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Saudi ‘will deliver extra oil if needed’

Top oil exporter Saudi Arabia is committed to supplying the market with extra crude to meet any rise in demand or if there are disruptions in oil supplies, a Saudi oil official said on Tuesday. Saudi Arabia, which currently produc

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UAE, Saudi enjoying economic growth momentum

The UAE and Saudi Arabia are witnessing solid growth momentum in terms of their economy for the current quarter when compared to other Mena countries, said a report. In the emirates, the Purchasing Managers Indices (PMI) headline

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Saudi plans to build 11 new stadiums

Saudi Arabia has embarked on an ambitious plan to build 11 giant sports stadiums across the kingdom each with a capacity of 45,000 spectators, said a report. Custodian of the Two Holy Mosques King Abdullah has ordered the construc

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Mobily celebrates 9th anniversary

Mobily, a leading telecom comapny in Saudi Arabia, celebrated the ninth anniversary of the launch of its operations with distinctive activities organised by the company under the “I C Transformation” slogan. All its em

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Gulf's billions insulate economies from Iraq turmoil

For years, the rich oil states of the Gulf have struggled to insulate themselves from political turbulence in the rest of their volatile region. Markets' reaction to the insurgency in Iraq suggest they may finally have succeeded.

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