Islamic banks profits expected to fall in 2015

Saudi Arabian Monetary Agency

Reducing oil revenues in the Gulf Cooperation Council (GCC) expected to trigger Islamic banks profits in 2015. Gradual weakening in economic conditions will adversely affect the banking industry in … [Read more...]

The national beheaded for murder


Saudi Arabia beheaded the national after he was convicted of murder. Saleh Al Zahrani was convicted of shooting dead his relative, Attiyah Al Zahrani, during a dispute between them, according to the … [Read more...]

Changes to the process of UK visa in Saudi Arabia

SA passport

The UK has made changes to the process of visas for applicants from Saudi Arabia traveling to the UK for more than 6 months. The new regulation is aligned closer to the European Commission … [Read more...]

SAR 27 million warded projects in the Asir region


The Asir Region Municipality has awarded contracts for several projects valuing to more than SAR 27 million. The Mayor of Asir region Saleh bin Abdullah Al-Qadhi commented that the awarded projects … [Read more...]

Event: Investors’ Summit – Future Cities, Dubai, UAE. Dates: 4th-5th May 2016

Investors’ Summit – Future Cities

Event: Investors’ Summit – Future Cities Location: Dubai, United Arab Emirates Dates: 4th-5th May 2016 The 3rd International Conference on Investment in Future Cities will explore and generate … [Read more...]

Prince Al-Waleed bin Talal to donate all his personal wealth

Prince Talal

Saudi billionaire Al-Waleed bin Talal aims to give $32 billion fortune to charity, rather than leave everything to his children. "Philanthropy is a personal responsibility, which I embarked upon more … [Read more...]

Saudi Arabia to invest $10b in Russia


Amid currently difficult economic relationship between Russia and Europe, Saudi Arabia is ready to step in. Saudi Arabia's Public Investment Fund made a deal with Russia’s Direct Investment Fund to … [Read more...]

Prince Saud Al-Faisal passed away

Prince Saud Al-Faisal

Prince Saud Al-Faisal, one of the most significant political figures to had ever been brought up in modern Middle East, died in one’s bed on 9 July at age 75. Having served for 40 years and acted as … [Read more...]

Additional security measures for Saudi mosques


Image for the illustration purpose only Saudi Arabia is planning to introduce stricter control over what is happening in mosques by installing more closed circuit cameras. One of the possible reasons … [Read more...]

Abraj Kudai is planned to be the most enormous hotel in Saudi Arabia

Abraj Kudai

A luxurious hotel planned to be opened in Mecca aims for a new record in the history of an architecture. It plans to gain the status of the most enormous hotel by the quantity of its suite rooms. … [Read more...]

Saudi Arabia to boost defence budget by 20 per cent

Saudi Arabia boosts its defence budget by 20 per cent over the next five years and is on a way to become the world’s fifth-largest military spender by 2020. According to IHS Jane’s Aerospace, Defense … [Read more...]

Males will dig graves while females will visit hospital patients


Two young women and two young men were arrested for “acts of debauchery”. The two unrelated couples were put on trial after they were arrested as they were partying at a coastal resort in Jeddah. A … [Read more...]

4 Saudi pilgrims died in Iran

Iran’s official IRNA news agency is reporting that four young Saudi pilgrims have died in Iran as a result of an accidental mass poisoning in their hotel. The Monday report says the victims were a … [Read more...]

Stress may be the top lifestyle risk factor in the Middle East


Employers in the region consider stress to be the top lifestyle risk factor of the Middle Eastern workforce. Other risk factors highlighted were lack of physical activity, tobacco use, obesity and … [Read more...]

Saudi mall brawl

Saudi Crown Prince Mohammad Bin Nayef Bin Abdul Aziz Al Saud has issued orders to take legal action against those guilty in assaulting a man and his sisters and smashing their cars. The Crown Prince … [Read more...]

Second Saudi Arabia suicide bombing

Attacker explodes bomb in car park of Shia al-Anoud mosque in the eastern city, Dammam, and kills four people just a week after suicide blast kills 21 at another mosque in east of the … [Read more...]

King Salman names new Crown Prince of Saudi Arabia

King Salman’s son, Prince Mohammed bin Salman, left

Saudi Arabia’s King Salman bin Abdulaziz Al Saud announced that the Interior Minister Prince Mohammed bin Nayef replaced Prince Muqrin bin Abdulaziz as the Crown Prince, appointing him as Deputy … [Read more...]

Kingdom’s imports of machinery amounts to SAR 13,5bn


The value of the Kingdom's imports of machinery, equipment, and electrical appliances topped the list by 27.73 % amounting to SAR 13,489 million; followed by transport equipment by 19.46% amounting to … [Read more...]

WDAS enters solar power generation business


World Assurance Group Inc. announces that it has completed the acquisition of three operating companies from Power Clouds Pte Ltd, its Singapore based partner, in a predominantly equity … [Read more...]

Saudi Arabia has identified investment opportunities worth $140bn

Clock Tower

The government of Saudi Arabia has identified investment opportunities worth $140 billion (according to Prince Saud Al Faisal, Deputy Governor of the Saudi Arabian General Investment Authority … [Read more...]


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