Saudi Arabia’s new development plan gathers momentum
A new report on Saudi Arabia just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG) charts the latest developments...
Bank of China gains foothold in Morocco
Bank of China has established a presence in Morocco that will further reinforce the Asian nation's far-reaching influence in resource-rich Africa, officials said.
The commercial...
Yuan sends Saudi Riyal devaluation wagers to a high
A key currency indicator in Saudi Arabia rose to the highest level since 2008, signaling that some traders are increasing bets that the riyal...
Saudi Naimi says global oil demand can absorb Iran output jump
Saudi Arabian oil minister Ali al-Naimi said on Friday growing global demand could absorb an expected jump in Iranian production next year while the...
Oil price slump to start affecting Saudi banks
The impact of lower oil prices will soon start to weigh on Saudi Arabia’s banks, which are likely to see bad loans edge higher...
Samsung Galaxy Note 5 & S6 edge+ now available at KSA axiom stores
The Samsung Galaxy Note5 and S6 edge+, the latest flagship devices in the global smartphone leader’s family have hit axiom stores early.
Retailing at a...
Focus on jobs at heart of Saudi reforms
Saudi Arabia plans to spend billions of riyals on technical training and other initiatives to boost the number of its citizens in private sector...
Emirates and Etihad airlines ask crew to take more unpaid leave
DUBAI, Aug 25 (Reuters) - Middle East airlines Emirates and Etihad Airways have again asked cabin crew to take unpaid leave as they try...
Saudi Telecom takes controlling stake in Kuwait's VIVA
Saudi Telecom Co. (STC) said Monday it has raised its share in Kuwait Telcom Co. (VIVA) to a controlling stake after acquiring 25.8 percent...
Nigeria rules out cutting oil production
Nigerian authorities said Wednesday the country will not cut oil production even as nosediving crude prices caused by a global supply glut ravage revenue.
US...
