Dubai: The six GCC (Gulf Cooperation Council) countries have sanctioned $155 billion (Dh596 billion) worth of solar power projects that will generate 84 gigawatts when completed in 2017, according to the region’s first dedicated solar technology exhibition Gulf Sol 2013. Derek Burston, Director of UK-based Bowmedia, organisers of Gulf Sol 2013, said in a statement […]
The Civil Service Affairs Ministry announced on Tuesday that the holidays would begin on Oct. 10 (Thursday, Dul Hijjah 5) and continue until Oct. 20 (Sunday, Dul Hijjah 15), adding that work would resume at government offices on Oct. 21 (Monday). The number of Eid Al-Adha holidays in the private sector varies from company to […]
JEDDAH – The Saudis are the biggest spending tourists in the world, spending a whopping $6,414 for each of their overseas trip compared to the global average of $2,501, followed by the Australians who come close second with an average of $3,962 spent on each trip, Visa’s latest Global Travel Intentions Study said. According to […]
Gulftainer, the Sharjah-headquartered port management and logistics group, is set to witness volumes soar in 2013 as the group continues to expand its global footprint. As the operator of the largest number of terminals in the Middle East, Gulftainer stands to benefit from the considerable growth in export cargoes from the region. The rapidly developing […]
Economists confirm that e-commerce in Saudi Arabia is experiencing a high growth, estimating its value at SR15 billion per year. The size of the market is expected to increase at high rates in the coming years due to the eradication of trading obstacles, creating an ideal solution for buying low priced items and with minimal […]
Initial estimates on foreign tourist purchases in London during this summer season are estimated to be worth £4 billion. Official statistics have not yet been disclosed. The contribution of Arab citizens to this figure is estimated to be worth £1.3 billion, says the British Commercial Association. The average spending of a Saudi tourist reached about […]
The Ministry of Health is to seek private sector’s cooperation in serving the increasing number of dialysis patients in the Kingdom. According to Aqeel Al-Ghamdi, undersecretary to the Ministry for Hospital Affairs, the ministry has allocated SR1.9 billion for this national project, which is geared to solicit private sector cooperation in purchasing equipment and offering […]
JEDDAH – As a significant volume of new prime office space starts to enter the Riyadh market, particularly at King Abdullah Financial District (KAFD), and the overall occupancy rate starts to rise, rental rates in general have started to edge downwards and incentives have started to become more widespread, according to the latest Saudi Arabia […]
The structural plan for the Makkah Gate project that was recently approved by Makkah Gov. Prince Khaled Al-Faisal will be implemented in four stages over 20 years, said Osama Al-Bar, Makkah mayor and chairman of the board of directors at the Makkah Gate Company. He said that 70 percent of the project is located inside […]
Work to set up a computer system to exchange data underway: Official The Gulf Cooperation Council (GCC) is headed towards a unified tourist visa as early as 2014, according to a senior official with the committee. “The GCC is currently striving to set up a computer system to exchange data in order to facilitate the […]