Saudi Arabia on Tuesday launched a tender process to build a new metro system in the capital of Riyadh in an effort to ease congestion on the city’s gridlocked roads….

The essential oils and lubricants market is likely to bounce back to its 2010 level by 2016, said Dr Abdulhussain Mirza, Bahrain’s Energy Minister. He was speaking at the opening…

 The Royal Commission for Jubail and Yanbu signed a contract for the expansion of pipes area in Jubail Industrial city which concerns the first phase of Jubail 2. The contract…

Bahra Cables Company, an affiliate of Saudi-based Construction Products Holding Company (CPC), is set to open its new automated storage facility on a sprawling 10,000 sq m of land in…

Khalid Ali Alturki & Sons Company (Alturki Group) was honored with two awards at the 2011 Arabian Property Awards ceremony, an event to recognize the best residential and commercial projects…

Saudi Electricity Company singed SR 754 million of contract value for the construction of relay stations in Riyadh and Qaseem regions and connecting them with the electric network within the…

Prince Mansour bin Mutib bin AbdulAziz Minister of Municipal and Rural Affairs approved, lately, awarding municipal projects in a number of Kingdom’s regions and governorates for the amount of SR…

and Turkey’s Bayegan agreed Thursday to invest $ 1 billion in a polypropylene production facility on the southern Turkish coast. The plant is expected to have a 500,000-ton polypropylene production…

Saudi Arabian Mining Company (Maaden) plans to invest SR26 billion ($6.9 billion) for setting up a massive phosphate industry complex in the northern part of the Kingdom, said a report….

Islamic banks have outperformed their conventional peers in most markets, but a closer look suggests the market dynamics are changing, demonstrating a new trend, said a report. Two key indicators…

Saudi Telecom Co. (STC) aims to connect 500,000 homes in the Kingdom with optical fiber for high-speed broadband, but a lack of spectrum is limiting the adoption of next-generation mobile…

One of Saudi International Petrochemical Co.’s (Sipchem’s) affiliates, Sipchem Chemicals Company, has signed a SR 164.8 million loan facility agreement with Saudi Industrial Development Fund (SIDF) to support financing of…

National Industrialization Co () and Sahara Petrochemical have agreed a 5.09 billion riyal ($1.36 billion) loan with nine local banks to fund development of three new factories. The 16-year syndicated…

Siemens has broken ground on a landmark manufacturing facility and training centre for gas turbines and compressors in Dammam, as part of a massive expansion of its activities in Saudi…

Tetra Pak, a leader in food processing and packaging solutions, plans to take the carton recycling rate in Arabia to 20 per cent by 2020 from the current 3 per…

A major conference focusing on innovation in the Middle Eastern banking and financial industry will be held in Dubai in October. The Middle East Banking Innovation Summit 2012 will take…