Sunday 20 April 2014
 
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Riyadh

Saudi firm to build 'eye-catching tower'

Saudi Arabia's Nayef Al-Rajhi Investment has singed a contract with Japan's Nikken Sekkei consulting and engineering company to build a mixed-use tower in Riyadh, a report said. The tower, on the King Fahd Road, will be a

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Riyadh metro project work kicks off

Saudi Arabia has begun construction work on its long awaited first metro rail system in Riyadh. The multi-billion project will involve six rail lines extending 176 km and carrying electric, driverless trains, in what Saudi officia

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Flynas flies Riyadh-Luxor twice weekly

Saudi Arabia-based low-cost carrier Flynas recently launched two weekly flights between Riyadh and Luxor in response to high customer demand. Currently Flynas is operating flights between Jeddah and Luxor. Most recently Flynas has

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Sabic showcases steel products at Riyadh expo

Saudi Basic Industries Corp showcased its wide range of steel products for the building and construction sector at the Metal & Steel Saudi Arabia 2014 exhibition held recently in Riyadh.   The company's p

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Towers Watson unveils big ME expansion plans

Towers Watson, a leading human resources consultancy, has announced is set to open a new office in Riyadh next month as part of its Middle East expansion strategy. With over 20 years’ experience in the region, Towers Watson

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Saudi to build 63 new hospitals

Saudi Arabia is planning to establish a total of 63 new hospitals within the coming five years, increasing bed capacity to reach around 68,000 beds, compared to 38,000 beds today, said a top government official. The Ministry of He

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Saudi sees power demand rising at 8pc

Over the last decade, Saudi Arabia witnessed an average annual increase of eight per cent in electricity demand, with the number of subscribers rising by an average of 5.2 per cent, said the organisers of an upcoming energy summit in Riyadh.

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Obama aims to soothe Saudi fears with Riyadh visit

US President Barack Obama will seek to ease Saudi concerns that he is neglecting an old ally when he visits Riyadh on Friday, months after top Saudis objected to what they saw as a growing rapprochement between Washington and their rival Iran.

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Axiom opens ladies-only section in Saudi

Leading mobile phone retailer Axiom has opened ladies only sections at its service centres in Al Khobar, Riyadh and Jeddah.   The retailer is the authorised service partner for 10 major brands including Samsung,

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Riyad Bank to arrange SAIB sukuk

Saudi Investment Bank (SAIB) has picked the investment banking arm of Riyad Bank to arrange a subordinated Islamic bond issue, banking sources said on Thursday, the latest lender in the kingdom to eye a capital-boosting sukuk offering.

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