The Council of Saudi Chambers of Commerce and Industry (CSCCI) has urged the Ministry of Commerce and Industry to link industrial cities with gas lines and rail networks in the Kingdom. Members of the CSC made their request during a meeting with Walid Abu-Khalid, undersecretary to the Ministry of Commerce and Industry , in Riyadh last week. Saad Al-Moajil, […]
The 3rd Annual IDC CIO Summit kicks off its activities in Jeddah JEDDAH – The Saudi IT market, which is the largest in the Middle East totaled $1billion in 2012, and is expected to surpass $12.4 billion by 2016, according to International Data Corporation (IDC). IDC, the world’s premier IT and communication market intelligence brought […]
Kuwait Financial Centre (Markaz) recently published the executive summary of its report on GCC residential real estate. The report examines the current and potential, demand and supply dynamics of the GCC residential real estate market. The report also sheds the light on the key challenges, constraints and pricing trends of the GCC residential real estate […]
KHOBAR, Saudi Arabia, Aug 29 (Reuters) – Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the gas back on land, a senior Kuwaiti energy source said. Dorra has long been a bone of contention between Kuwait and Iran, which also lays claim […]
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 […]