Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said.
Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll.
Net foreign assets held by the central bank
Hospitality Management Holdings (HMH) is aggressively targeting opportunities in Saudi Arabia as part of its strategy to prioritise expansion in GCC by focusing on markets with high growth potential for the group.
Speaking at the
Crowne Plaza Madinah, a luxurious hotel in the Saudi Arabian city, has welcomed Ibrahim Mohammed Abdel Hamid as its new food and beverage (F&B) manager.
Hamid carries over 28 years of vast experience in the hospitality industr
Millennium & Copthorne, Middle East and Africa (MEA) has welcomed Sherif Ezzat as the general manager of Millennium Hotel Hail in north-western Saudi Arabia.
In his new role, Ezzat will be responsible for overseeing the succes
Fursan Travel, a leading travel company based in Saudi Arabia, has appointed Berthold Trenkel as its chief executive officer.
Trenkel joins Fursan Travel from Carlson Wagonlit Travel (CWT), a leading international travel managemen
The Middle East and Africa will be the driving force behind the future growth of the global beauty and personal care market, with the UAE and Saudi key to regional dominance, according to new research.
Data by analysts Euromonitor
In a bid to meet strong demand for branded extended-stay accommodation in Jeddah, Mövenpick Hotels & Resorts has revealed plans to open its first hotel and apartment property in the Saudi Arabian city in 2017.
The Swiss h
Gulf Air, the national carrier of Bahrain, has unveiled plans to boost service to Gassim, Saudi Arabia, said a report.
From April 24, daily flights will be operated to Prince Nayef bin Abdulaziz Regional Airport, a report in
Air Arabia Jordan’s first flight from Amman to Riyadh, Saudi Arbaia, touched down today, marking the start of a new era of connectivity between the capital cities of Jordan and Saudi Arabia.
Riyadh joins Dammam, Madinah and