Archive for: saudi arabia

Saudis tops list of GCC investors purchasing Dubai Property

Saudis tops list of GCC investors purchasing Dubai Property

Knight Frank, the leading independent global property consultancy, today announces its Autumn 2014: Dubai Residential Insight Report. Indians were the biggest spenders, investing close to AED 10.5 billion in the emirate Among GCC nations, Saudis dominated the real estate investment activity in the emirate spending AED 3.4 billion According to […]

 
 

Government IT Spending Fuels Saudi Arabia’s Innovation Economy

Government IT Spending Fuels Saudi Arabia’s Innovation Economy

Massive Government ICT investments transforming Saudi Arabia’s innovation economy, enhancing development, business growth and productivity. Saudi IT Market Set to Top USD 14 Billion by 2017with Government Sector Fastest-Growing Industry Vertical: IDC More than 500 of Kingdom’s Organisations Set to Attend GITEX Technology Week 2014 Government ICT investment is transforming Kingdom […]

 
 

First All-Female Business Process Services Center Opened in Saudi Arabia

First All-Female Business Process Services Center Opened in Saudi Arabia

Saudi Aramco, GE and TCS inaugurate Saudi Arabia’s first all-female business process services center   Center will create 3,000 local jobs for Saudi women with the first batch of recruits commencing work 3,200 square meter center in Riyadh provides new business model, offering improved operational efficiency for customers. Saudi Aramco […]

 
 

Saudi Arabia’s Economic Diversification: Challenges Ahead

Saudi Arabia’s Economic Diversification: Challenges Ahead

Saudi Arabia has been one of the best-performing G20 economies; however, the key to long-term sustainable economic growth lies in its economic diversification. Saudi Arabia’s reliance on oil for wealth needs no introduction. It accounts for nearly 80% of budget revenues and 90% of export earnings. Overexposure and reliance on […]

 
 

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 […]

 
 

Challenges remain for doing business in GCC

Challenges remain for doing business in GCC

EIU’s report on Business Environment in GCC Countries indicates quite a revelation even as the region continues to display positive economic trends As country after country across the globe found itself plummeting from the pedestal of business and economic security, it looked as if the Middle Eastern countries – most […]

 
 

Middle East and Africa’s M&A deals halved in Q1 2014

Middle East and Africa’s M&A deals halved in Q1 2014

Whilst a majority of corporate sectors have indeed posted increased sales for the first quarter in 2014 in Middle East and Africa (MEA), there are nonetheless a few sectors that have had a dip in their sales activities. One of those few domains whose sales activities that have taken a […]

 
 

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 […]

 
 

Middle East and Africa Lead in IT Infrastructure Spending: More Revealing Gartner Trends

Middle East and Africa Lead in IT Infrastructure Spending: More Revealing Gartner Trends

Middle East & Africa IT Infrastructure Spending will Reach $3.5 Billion in 2014 Towards the end of the 20th century – the 1900’s so to speak – there emerged this new fad to call the new millennium as ‘Y2K.’ It was a technological reference that eluded many except for those […]

 
 

The Fall of Arab Nationalism and its Folkloric League

The Fall of Arab Nationalism and its Folkloric League

In the wake of the Second World War, the presence of powerful international and regional organizations, which can preserve peace and play effective mediatory roles between nations, emerged as an imperative requirement to all nations. To address that global need, international organizations and regional leagues, such as the United Nations (UN), the League of […]

 
 

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 […]

 
 

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 […]

 
 

Why Iran is Overeager to Master the Middle East

Why Iran is Overeager to Master the Middle East

Despite the presence of so many transnational problems, Iran’s nuke program and the Syrian dilemma are by far the most controversial issues on the international political theater. Navigating away from discussing over again the machinated failure of the international community to stop the first massacre of the 21st century (the terrorizing […]

 
 

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 […]

 
 

UAE, Saudi, moving fast towards Cashless society

UAE, Saudi, moving fast towards Cashless society

Two of the biggest economies of the Gulf Cooperation Council (GCC), UAE and Saudi Arabia are moving quickly towards cashless transactions. China (55%) and the UAE (26%) topped the list of countries adopting cashless transactions. Mastercard Advisors new global report The Cashless Journey has revealed that in Middle East, the […]

 
 

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 […]

 
 

UAE, KSA’s billion-dollar solar push

UAE, KSA’s billion-dollar solar push

The UAE and Saudi Arabia prepare to raise more than USD 1.5 billion by the end of 2014 to finance new solar energy projects and reshape the future of renewable energy in the region. Both nations are major oil producers in OPEC and are heavily reliant on hydrocarbons to meet […]

 
 

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. […]

 
 

UAE: Living The Branded Life

UAE: Living The Branded Life

UAE consolidates its position as the Mecca of global brands, home to 15 of the top 50 brands in MENA for 2013. A study by Brand Finance, values UAE brands at USD 14.5 billion. Emirates, Etisalat, DP World, Emaar Properties, QNB, Kuwait Finance House, and Arab Bank, all scored impressive […]

 
 

Investcorp acquires 38% stake in Saudi’s AYTB

Investcorp acquires 38% stake in Saudi’s AYTB

Investcorp’s Gulf Fund acquires a 38% stake in Saudi Arabia’s AYTB. Investcorp Gulf Opportunity Fund announced today that it has agreed to acquire a 38 percent stake in Al Yusr Industrial Contracting Company WLL (“AYTB”), a leading provider of technical industrial support services to the petrochemical, oil & gas and other […]

 
 

Fibre-optic strategies to facilitate growth

Fibre-optic strategies to facilitate growth

According to a recent report released by the technology consultants, Arthur D. Little, governments and regulatory bodies should undertake decisive National Fibre-optic strategies in their attempts to boost future economic growth. The report titled, ‘National Fiber Strategies: National economic imperative or just another private industry task?’ identifies Saudi Arabia as among the least-developed […]

 
 

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. […]

 
 

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 […]

 
 

Saudi to host biggest food, hotel and hospitality event

Saudi to host biggest food, hotel and hospitality event

Saudi Arabia’s 18th International event for food, beverages and catering, hotel equipment, supplies and services is to be held from May 19-22, 2013, under the patronage of the Saudi Ministry of Agriculture. The event will be hosting over 400 companies from 22 countries with national pavillions from China, Egypt, Indonesia, […]

 
 

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 […]

 
 

50 Million Tweets and The winds of Social Change in The Kingdom of Saudi Arabia

t is reported that the Saudi has more than 3 million active twitter users  and is ranked as the no.1 fastest growing Twitter nation in the world. Image Courtesy:http://sustg.org/

When the Arab Spring happened across some of the MENA nations in 2011, all eyes were on Saudi Arabia. With unemployment & poverty on the rise and a visibly disgruntled public  and living within the confines of restrictive Sharia laws, it was easy to see how some might have thought […]

 
 

Beverage Market in Saudi Arabia Thriving

Beverage Market in Saudi Arabia Thriving

·       Saudi beverage market experiencing 8% annual growth ·       Eleven beverage categories purchased per household ·       Average of 11 beverage categories per household The Saudi beverage market is growing at an annual rate of over eight percent according to Ranjitha Subash, Consumer Insights Director at Kantar Worldpanel. Their information reveals the beverage sector […]

 
 

WADJDA — The first movie shot in Saudi Arabia by Haifa Al Mansour

WADJDA — The first movie shot in Saudi Arabia by Haifa Al Mansour

Wadjda is a 12-year old girl who lives near Riyadh, the capital of Saudi Arabia. Although she’s growing up in a conservative country, Wadjda is a girl full of life who wears jeans and sneakers, listens to rock music and dreams only of one thing — to buy a beautiful […]

 
 

Aramco eyes top oil refiner status

Aramco eyes top oil refiner status

Revealing it’s ambitious growth plans, the CEO of Saudi Arabian Oil Company (Saudi Aramco) has stated that the company is chasing the status of becoming the world’s top producer of refined fuels and petrochemicals. Currently the world’s biggest crude-oil exporter, Saudi Aramco CEO, Khalid Al-Falih told a conference in Beijing […]

 
 

Goodbye Skype?

Goodbye Skype?

The Saudi government has given internet messenger application providers an ultimatum of one week to provide a monitoring service or face a ban across the Kingdom. Skype, Viber and Whatsapp will likely face a ban if operators fail to allow authorities in the Kingdom to censor them and allow a monitoring server […]

 
 

Saudi labor reforms start to yield results

Saudi labor reforms start to yield results

  Saudi Arabia’s labor reforms appear to be working as more than 600,000 locals have landed jobs with private companies in the kingdom. While economists are wary of drawing conclusions regarding the kingdom’s job market and private sector hiring, these reforms appear to have recorded some early success stories. New data […]

 
 

Consumer confidence soars in GCC

Consumer confidence soars in GCC

  The latest MasterCard Index of Consumer Confidence highlights that consumers in the GCC countries are gaining confidence in their national economies and are optimistic about the future trends. The index measured consumer confidence in five indicators, namely regular income, employment, economy, stock market and quality of life. Consumer confidence […]

 
 

Driving to Freedom: Saudi Women’s Struggle

Driving to Freedom: Saudi Women’s Struggle

As many of you know, I’ve always disagreed with many of the laws set by Saudi Arabia, but in particular with their law prohibiting women from driving. Westerners, as well as some Arabs, see women as oppressed in the Arab world, but more so in Saudi Arabia. The wealthy women […]

 
 
 
 
 

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