Saudi Arabia

Saudi eCommerce rise 43% in Q1 of 2014, highest growth rate in the MENA region

Saudi eCommerce rise 43% in Q1 of 2014, highest growth rate in the MENA region

The Kingdom of Saudi Arabia (KSA) has registered a record overall growth of 43% in eCommerce in Q1 of 2014 compared to the same period last year, making it the highest growth rate in the MENA region, according to estimates by Visa. The overall growth was driven by increases in […]

 
 

GCC urged to reduce dependence on commodities

GCC urged to reduce dependence on commodities

GCC economies must invest in exports to reduce dependence on commodities Falling oil prices will pose a challenge to GCC hydrocarbon exporters unless governments step up their diversification efforts and develop more export industries, according to a new report by ICAEW. In its latest quarterly Economic Insight report, produced by its partner, […]

 
 

INSANE Video: Never-seen-before Tyre changing

INSANE Video: Never-seen-before Tyre changing

Tyre changing will never seem the same anymore, thanks to a bunch of dauntless youngsters giving a new take on the whole tyre replacement activity. Let’s imagine this situation. While vacationing with a group of friends in a car, on a long and winding road, we suddenly come to experience […]

 
 

Defence Outlays Decrease Globally, Spike in Middle East: SIPRI Survey

Defence Outlays Decrease Globally, Spike in Middle East: SIPRI Survey

Defence expenditure forms one of the core fiscal expenditures of countries with millions of dollars being spent by governments to ensure that their defence system is up-to date and bolstered with highly refined arsenal. Defence expenditures aren’t however mindlessly carried out, but are carefully applied strategies that are subject to […]

 
 

UAE, Saudi Arabia Economies Shining

UAE, Saudi Arabia Economies Shining

Bright economic growth prospects for the UAE and Saudi Arabia, according to the latest Macro report from Crédit Agricole Private Banking   Q1 2014 ended with bright economic growth prospects for the UAE and Saudi Arabia Arab countries in the Middle East are in the mode of two-speed economies again […]

 
 

Saudi banks urged to shun conservatism

Saudi banks urged to shun conservatism

Saudi banks urged to shun conservatism to optimize and benefit the long term health of the Saudi economy and its banking sector.  Alkhabeer Capital, a leading asset management and investment firm based in Saudi Arabia, and authorized by the Capital Market Authority, has released its latest Saudi Banking Sector Outlook […]

 
 

IATA Report Indicates Stronger Aviation Demand in the Middle East

IATA Report Indicates Stronger Aviation Demand in the Middle East

Statistics for commuter traffic for February, released by the International Air Transport Association (IATA), showed a surge in the demand for the aviation transportation with a percentage increase of about 5.4 percent. This increase has been placed in context to the commuter traffic trend for February, in the previous year. […]

 
 

UAE leads Middle East e-commerce Trends

UAE leads Middle East e-commerce Trends

Ever since electronic commerce or as the popular acronym goes, e-commerce, has come into existence, there has only been positives being raved about it. The concept’s dynamics have been explored thoroughly over the course of the years and with newer technological stimuli making inroads into the commercial spectrum, the relevance […]

 
 

Stimulus to Dubai Medical Tourism: DHA Unveils New Healthcare Initiative

Stimulus to Dubai Medical Tourism: DHA Unveils New Healthcare Initiative

DHA has come up with an innovative plan to step up Dubai medical tourism sector. Dubai attracts millions of tourists from all over the world who come to see the fusion of modernity and traditionalism that prevails all over the region. But there are various dimensions to the tourism aspect […]

 
 

Virgin Mobile Middle East to Launch Services in Saudi

Virgin Mobile Middle East to Launch Services in Saudi

Virgin Mobile Middle East & Africa (VMMEA) today announced that the Board of Directors of the Communications and Information Technology Commission of Saudi Arabia (CITC) have approved the grant of a MVNO License to Virgin Mobile Saudi Consortium. The CITC started the MVNO licence application process in early 2013, and […]

 
 

Gold Demand Soars in Asia: WGC Expects Positive Trends to Continue

Extraction and production of the precious yellow metal gold by Turkey has increased by 43% to 24.4 tonnes in 2011 compared from a year ago. Photo - Reuters

Gold – the yellow metal that’s as priceless as the word can imply. Everyone wants to own gold, wants to buy it as an investment for the future. But not many do manage to invest in gold thanks to its ever-increasing prices. And the ones who do are quite careful […]

 
 

The Saudi Arabian Tale of Women Empowerment

The Saudi Arabian Tale of Women Empowerment

Shifting Sands of Time: Saudi Arabian Tale of Women Empowerment Each country in the world is unique boasting of rich history of culture and tradition adding a distinct flavor and thus contributing to presence in the globe. Alongside its uniqueness, each country also has a few problematic issues as well. […]

 
 

Middle East and Africa Health Care costs set to rise

Middle East and Africa Health Care costs set to rise

-Deloitte: Saudi Arabia spends 4.3% of GDP on health care -Deloitte: Health care delivery in the Middle East is dominated by the public sector “The fastest-growing region in the coming years could be the Middle East and Africa, where spending is expected to rise by an average of 10 percent […]

 
 

Saudi Arabian Cities Most Affordable in the Middle East for Expats: EIU Survey

Saudi Arabian Cities Most Affordable in the Middle East for Expats: EIU Survey

Sometimes we wish we were birds. Flying to innumerable places, seeing the world through eyes unencumbered by boundaries and restrictions. But where our idealistic dreams of being birds and soaring across the world map may be left short-changed, there are many other ways in which a part of our dreams […]

 
 

Shedding Preconceived Notions: The Influence of Technology in MENA

Shedding Preconceived Notions: The Influence of Technology in MENA

Technological penetration in MENA has been quite extensive and all encompassing accounting for very positive trends There’s a lot that the world knows about MENA (Middle-East and North Africa) just as there’s so much more that the world doesn’t know about the region. Suffice to say that what the world […]

 
 

Saudi Arabia – 5 year jail term and $800,000 fine for abusive tweets

Saudi Arabia – 5 year jail term and $800,000 fine for abusive tweets

Saudis could face a five-year jail term and up to $800,000 fines for sending offensive tweets Saudi based lawyer Humoud Al-Khaldi told Arab News that “penal action would be taken against offenders in compliance with Article 6 of the Anti-Cyber Crime Law, which stipulates that anyone involved in the production, […]

 
 

Obama Foreign Policy Puts Arab-U.S. Alliance at Risk

Obama Foreign Policy Puts Arab-U.S. Alliance at Risk

If you intend to visit any Arab country, you are likely going to come across many indignant people criticizing the so-called international community for being a mere self-serving interest group. No matter where you are, whether at street corners, cafes, recreational facilities, social clubs or at any political gathering, you […]

 
 

SAP helps SAMA improve bill payment efficiency

SAP helps SAMA improve bill payment efficiency

Saudi Arabian Monetary Agency (SAMA) announces step-change for bill payment efficiency with implementation of SAP’s ERP solution The new system to boost SADAD Electronic Bill Presentment and Payment System Project Set To Deliver “Considerable Benefits to Residents Across Saudi Arabia” The Saudi Arabian Monetary Agency (SAMA) today revealed it will […]

 
 

SMEs in Saudi Arabia Eye Ambitious Regional Growth

SMEs in Saudi Arabia Eye Ambitious Regional Growth

Small- and medium-sized enterprises (SMEs) in Saudi Arabia are gearing up for ambitious, technology-fuelled expansion drives across the region, according to a new worldwide survey. In the next Three Years, No Saudi SME Expects to Operate Solely in the Kingdom; Cloud, Mobile and Social Media Set to Play Influential Roles To […]

 
 

Global interior brands eye slice of $624bn Saudi market

Global interior brands eye slice of $624bn Saudi market

International exhibitor participation up sevenfold at Decofair 2013 Decofair 2013, Saudi Arabia’s only premium international furniture and interior design show, has seen a sevenfold increase in international exhibitor participation as global interior brands look to tap into the Gulf region’s largest and fastest-growing construction market. With the Saudi government committing […]

 
 

Saudi Arabia in Development Overdrive

Saudi Arabia in Development Overdrive

The latest report on the Saudi Arabia office sector by global real estate consultancy firm CBRE. 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 […]

 
 

Saudi equity market to welcome foreigners

Saudi equity market to welcome foreigners

After several years of deliberations, the Saudi government is considering reforms that open up the country’s equity market for foreign investors to stimulate equity investment in KSA. The kingdom has long debated introducing market liberalisation reforms and technical preparations, but never announced a formal date for opening the market to […]

 
 

Saudi domestic worker market gets regulated

Saudi domestic worker market gets regulated

Saudi government sources reveal that the Ministry of Labor has formed a team of recruitment companies to propose ways to formalise the domestic worker recruitment market. The team has been tasked to devise a mechanism for negotiations for domestic workers and promote the role of recruitment companies in their hiring. […]

 
 

Saudis watch more TV during Ramadan

Saudis watch more TV during Ramadan

More than 30% of people in Saudi Arabia watch 3 to 5 hours of TV every day during Ramadan compared to an average of 2.7 hours throughout the rest of the year 85% prefer to watch their favourite programmes in high definition (HD) 89% of Saudi viewers get “very annoyed” […]

 
 

KSA to build world’s largest transit system

KSA to build world’s largest transit system

The Saudi Arabian government has embarked on an ambitious project to build the world’s largest public transport system by awarding contracts worth USD 22.5 billion. The design and construction contracts for the first metro rail system in Riyadh have been won by three foreign-led consortia. Bechtel Corp, a major U.S. […]

 
 

Saudi Agriculture and Food set for strong growth

Saudi Agriculture and Food set for strong growth

Saudi Arabia’s agriculture and food sectors are on solid ground, with reports of 18.5% annual growth. The increasing Saudi population, combined with higher consumption levels, are driving record growth rates. A mega agriculture and food event will be held at the Riyadh International Convention & Exhibition Centre (September 15 – […]

 
 

Saudi Arabia #1 competitive cellular market rank

Saudi Arabia #1 competitive cellular market rank

A survey has rated the Saudi Arabia cellular market as the most competitive in the Arab world for the third consecutive year. The ratings were revealed by the Arab Advisors Group in its Cellular Competition Intensity Index 2013. The Cellular Competition Intensity Index compares the state of every market relative […]

 
 

Counting on private sector for Saudi healthcare needs

Counting on private sector for Saudi healthcare needs

The healthcare sector in Saudi Arabia may come under tremendous pressure and fail to meet the growing healthcare needs of the country if the private sector does not step up and contribute. A report by Deloitte reveals that some provinces in the kingdom suffer from undersupply of beds and facilities, […]

 
 

Saudi banks safest in Arab world

Saudi banks safest in Arab world

Saudi banking experts have claimed that the kingdom’s banking system is safest in the Arab world Earlier this week, CNBC Arabia had reported that 5,000 fraud cases took place out of 1.3 million ATM cash withdrawals recently in the country. After this report, the experts have tried to restore confidence […]

 
 

Saudi Arabia – new railways to cost $45 billion

Saudi Arabia – new railways to cost $45 billion

Saudi Arabia is expected to invest USD 45 billion to build new railway networks and upgrade existing railways throughout the Kingdom. Efforts are being undertaken to expand Saudi Arabia’s existing rail networks to meet the rising numbers of railway passengers — expected to reach 3.37 million by 2014, on the existing […]

 
 

Saudi Arabia suspends Viber app

Saudi Arabia suspends Viber app

In a move set to benefit licensed telecom companies, Saudi Arabia’s telecom regulator has suspended Viber, the web-based communication application, throughout the kingdom. In an official statement on its website, the Communications and Information Technology Commission (CITC) said that “the Viber application has been suspended … and the (regulator) affirms […]

 
 

Full Saudization of Saudi medical sector by 2018

Full Saudization of Saudi medical sector by 2018

A new report has revealed the Saudi government’s intentions to completely fill all medical jobs in the kingdom with Saudi nationals within the next five years. The Saudi government is aggressively working on plans to complete Saudization of the medical sector, while factoring in the availability of qualified staff and […]

 
 

Saudi Arabia and Egypt to start power trading

Saudi Arabia and Egypt to start power trading

A new USD 1.6 billion agreement has been signed between Saudi Arabia and Egypt to link electricity grids between the two countries. Initially, an international tender for the project was planned in 2010. After facing a delay of several years due to political turmoil and social unrest in Egypt, an […]

 
 

Riyadh Metro Project [Photos]

Riyadh Metro Project [Photos]

With a population of more than 5 million, Riyadh, is both Saudi Arabia’s biggest city and its capital city. Experiencing rapid growth, Riyadh’s population has more than doubled since 1990. City planners announced in July 2012 that Riyadh will build a new public transport system to serve its fast-growing population. The government […]

 
 

The economics of Hajj

The economics of Hajj

Hajj, one pillar of Islam, is one of five obligatory fundamental Muslim practices. It is incumbent upon every Muslim to make the pilgrimage to the holy city of Mecca at least once in their lifetime, it they can afford to and are healthy enough to travel and perform the rituals. […]

 
 

UK’s Islamic Bank to expand in GCC

UK’s Islamic Bank to expand in GCC

The Bank of London and the Middle East (BLME), Britain’s largest standalone Islamic bank, plans to set up an office in Dubai to expand on it’s offerings in capital markets and wealth management. The bank is experiencing 15 percent growth in assets this year, with the GCC move expected to […]

 
 

Saudi Arabia to allow FDI in stocks

Saudi Arabia to allow FDI in stocks

  The Kingdom of Saudi Arabia’s Capital Market Authority is in the final stages of developing a regulatory framework to allow foreigners to own stocks directly. The move is being viewed as a way to promote greater foreign investment in the Kingdom, although the market does not need liquidity from […]

 
 

Arab Spring reshapes retail landscape

Arab Spring reshapes retail landscape

The Arab Spring did not only have long-lasting political repercussions for Middle East and North Africa, but it has also altered the region’s retail landscape and shaped the future for businesses and consumers. A new report by the Euromonitor International, titled ‘Retail in the Middle East and North Africa: A […]

 
 

Saudi Women under-represented in the Entrepreneurial Sector

Saudi Women under-represented in the Entrepreneurial Sector

Women’s Entrepreneuship Initiative (WEI) in collaboration with the Ashridge Business School recently launched a report highlighting the growing need of a limited number of Saudi women to be fully represented in the entrepreneurial sector. As proposed by the report, in the attempts to inculcate such change across the Kingdom, regulatory, educational […]

 
 

Saudi universities top Gulf rankings

Saudi universities top Gulf rankings

The latest edition of The Times Higher Education Asia University Rankings rates Saudi Arabia’s King Abdulaziz University as the best in the Gulf. Covering nearly 17,000 academics, The Times Higher Education Rankings was the world’s largest academic reputation survey. The survey accounted for factors such as number PhDs awarded, staff-to-student […]

 
 
 
 
 

Address

Arabian Gazette – Netilligence Business Systems LLC
PO Box 122392, Bur Dubai
Dubai, United Arab Emirates

Tel: 00971-4-3583638
Fax: 00971-4-3426539
Mobile: 0091-55-4404607

About us

Arabian Gazette is your window to the Middle East and North Africa region that provides you with insightful news, features and analysis about matters related to business, economy, finance, society, technology and environment.

[email protected]
http://facebook.com/arabiangazette [why not 'Like' us!]
@arabiangazette