The history of Muslim societies. Interview with Dr Cemil Aydın

Interview with Dr Cemil Aydın, Associate Professor, Department of History, University of North Carolina, Chapel Hill. Ph.D. in History and Middle Eastern Studies, Harvard University. Interview … [Read more...]

High credit demand to boost banks earning in 2014

High bank credit demand is expected to boost GCC banks earning in 2014 even further. According to Standard & Poor and Moody, the Gulf Cooperation Council’s healthy economic growth prospects for … [Read more...]

7,850 illegals arrested as raids continue in Riyadh

Riyadh – 7,850 illegals arrested as police continue raids in Riyadh. The latest 1,350 people were arrested last week, mainly nationals from Yemen, Pakistan, India and Bangladesh. The latest raid … [Read more...]

Davos 2014: Prince Turki Al Faisal on US foreign policy

Saudi Arabia has determined that the United States lacks a policy to address the crisis in the Middle East and beyond. A senior Saudi prince asserted that the administration of President Barack Obama … [Read more...]

Davos 2014: Investment in the first Kingdom’s privately owned port will more than triple

Emaar Economic City has started operations at the country's first privately owned port and will more than triple investment in the facility over the next five years, Fahd Al Rasheed, Emmar chief … [Read more...]

Davos 2014: For the world to continue to grow, Saudi Arabia needs to be a major player

For the world to continue to grow, Saudi Arabia needs to be a major player, Texas Gov. Rick Perry says. Watch CNBC video … [Read more...]

Fuel cost in the oil-rich Kingdom is among the cheapest in the world

According to Cost of Living Reports Middle East (CLR), fuel in the oil-rich Saudi Arabia costs on average 13c/L making it the second cheapest in the world after Venezuela. Saudi petrol sold for … [Read more...]

Madinah – Eternal capital of Islamic Culture

Madinah Gov. Prince Faisal bin Salman on Tuesday announced 13 initiatives aimed at making Madinah the eternal capital of Islamic culture. He said the initiatives have won the support of Custodian of … [Read more...]

Banking as an institution is totally unfair: Prof. Muhammad Yunus

Professor Muhammad Yunus (Awarded the Nobel Peace Prize in 2006 for his “efforts through microcredit to create economic and social development from below”) makes highly informative and insightful … [Read more...]

The number of Saudi nationals working in a private sector has been doubled in 30 months

Riyadh -- In accordance to Adel Al Fakeih, Labour Minister, the number of Saudi nationals working in a private sector has been doubled in the last 30 months since the introduced of wide-ranging … [Read more...]

Saudi citizens are treated like nationals in the UAE

Dubai, UAE -- H.E. Abdulla Al Saleh, Undersecretary, UAE Ministry of Economy, Foreign Trade Sector said during the announcement of the 4th Annual Investment Meeting (AIM)  on Thursday in Dubai … [Read more...]

Dubai winning Expo 2020 bid whets appetite of foreign investors to invest in UAE services sectors

Dubai, UAE -- Under the directive of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, UAE Ministry of Economy announced today that … [Read more...]

Jeddah -- Saudi Crown Prince, Deputy Premier and Commander of the National Guard Prince Abdulla bin Abdul Aziz has received a message from H.M Sultan Qaboos bin Saeed of Oman related to the … [Read more...]

87 per cent of general education budget will be spend on salaries

Riyadh -- The 2014 fiscal budget unveiled last month includes SAR 210 billion allocation for general education, higher education and training. The bigger portion of the budget, SAR 121.3 billion, is … [Read more...]

USD 1,251 mn syndicated loan or the partial financing of UASC 12 TEU container ships

United Arab Shipping Company (“UASC”) closed a US$ 1,251 mn multi-tranche syndicated loan facility (“Facility”) for the partial financing of 7 x 14,000 TEU container ships and 5 x 18,000 TEU container … [Read more...]

Saudi slums to be replaced

by AYA BATRAWY / The Associated Press/ Times Colonist Jeddah -- Image for illustration purpose only Saudi Arabia is quietly planning to raze slums in one of its largest cities to make way for … [Read more...]

Jeddah Chamber of Commerce and Industry appoints two women to its board

Jeddah -- Six new members were appointed to the Jeddah Chamber of Commerce and Industry’s board of director’s team this Sunday. Two of six new members are women: Lama Sulaiman and Sarah Baghdadi. … [Read more...]

The Soviet Union, Kazakhstan and Saudi Arabia

The Soviet Union was the first country to recognise Abd al-Aziz as the ruler of the Hejaz in 1925. The Soviet Union had established a consulate in Jidda as early as 1924, under King Hussain and his … [Read more...]

The Scientific Culture Project “Thaqaftic” launch is planned for Wednesday 15th January

Riyadh-- Image: A Victorian cartoon satirising Darwin's On the Origin of Species. Cartoon: Thomas Nast, Corbis Under the auspices of Dr. Abdulaziz Bin Mohiuddin Khoja,  the Minister of Culture and … [Read more...]

Foreign ownership remains to be prohibited in Makkah and Madinah

Jeddah-- Several Committee of Economic Affairs and Energy at the Shoura Council members disagreed with the Committee's proposal to allow foreign ownership within Makkah and Madinah’s city … [Read more...]