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…
Economy News
Saudi KAEC signs ambitious jobs deal
Saudi’s King Abdullah Economic City (KAEC) has signed an agreement with the College of Business Administration (CBA) to enroll 400 students under its ambitious job market foundation program. Announcing the…
Inflation in KSA seen at 6 percent this year
Inflation in Saudi Arabia may be allowed to reach six percent this year as the government prioritizes growth-oriented spending measures, the National Bank of Kuwait (NBK) said in its latest…
Riyadh public transport designs completed
The High Authority for the Development of Riyadh (HADR) has completed the engineering designs, technical specifications and blueprints for the two public transport projects using buses and electric trains, a…
Saudi net foreign assets could be worth $600 billion
The combined net foreign assets of Saudi entities (including government, companies and individuals) are estimated to be around $600 billion at the end of 2011, a report said. Recent data…
Foreign investments jump to $ 34 billion in 6 years
Saudi Arabia is rapidly making head way in mobilizing FDI and making strategic investments in projects Kingdomwide. This follows the visionary policies of Custodian of the Two Holy Mosques King…
SR 40 million for new agricultural projects in Makkah
The governor of the Holy city Dr. Osama bin Fadl Albar signed two new contracts for agricultural projects of which value amounts to more than (40,000,000.00) Saudi Riyals. The contract…
Saudi reserve assets jump to SR 2.1 trillion
Reserve assets (foreign assets) of the Saudi Arabian Monetary Agency increased by SR47 billion to jump further to SR2.104 trillion in February, Al Rajhi Capital said in its March Economic…
Saudi Arabia world’s most ‘economically confident’
Saudi Arabia is the world’s most economically confident country, topping the Ipsos research firm’s chart with 90 percent. India came in second garnering 74 percent. Sweden is the third most…
Saudi money supply growth accelerates to 13.8%
Saudi Arabia’s money supply grew 13.8% on year in February, compared with 13.6% in January, while the central bank’s foreign assets surged 24.9% compared with February 2011, data from the…
