Austrian relations with Saudi Arabia reached new heights, evidenced by the success of the recent visit to the Kingdom of a huge contingent of Austrian businessmen. The five-day business-to-business meetings…
Trade News
Saudi Ports Authority signed contracts worth SR 582 million
The Minister of Transport, Chairman of the Saudi Ports Authority, Dr. Jabara bin Eid Al-Suraisri, the President of Saudi Ports Authority Eng. Abdulaziz bin Mohammed Al-Tuwaijri, signed eight contracts worth…
Saudi-Sudan push to exploit Red Sea treasure
[Restricted to Subscribers] – The Saudi-Sudanese joint venture to exploit gold, silver, copper and other minerals from the bottom of the Red Sea will bring about big economic benefits for…
Saudi investments in Lebanon total about $ 4.5bn
Its participants included 500 senior officials, economists, investors, major bank managers, heads of chambers of commerce and industry, and businessmen from both countries. The officials attending included Minister of Trade…
Saudi Arabia foreign trade jumps to $358 billion
[Restricted to Subscribers] -Trade exchange between Saudi Arabia and other countries rose to $ 358 billion by the end of 2010, Commerce and Industry Minister Tawfiq Al-Rabiah said yesterday. “Saudi…
Saudi Cargo announces China expansion, to start new Vietnam service
Saudi Airlines Cargo said it will add a second freighter to its portfolio of flights operating to/from the Far East mainly mainland China starting from tomorrow (March 4). The new…
Saudi Arabia-Bahrain railway to cost $ 4.2 billion
A proposal to build a 90km railway link between Bahrain and Saudi Arabia is expected to cost around $ 4.2 billion, industry analysts said, as private sector companies met in…
Saudi Japanese Economic Meeting in Tokyo
The Saudi-Japanese Economic Meeting started here last night with the participation of more than 200 employers and companies from public and private sectors of the two countries. The meeting is…
Saudi trade balance records SR541bn surplus
Saudi Arabia’s balance of trade with other countries recorded a surplus of SR541 billion in 2010, up 19.1 percent, reflecting a sharp rise in trade exchange between the Kingdom and…
China sees record Saudi crude import in December
China’s crude oil imports from Saudi rose to 1.12 million barrels per day in December, the fourth-highest on record on a daily basis, Chinese customs data showed, as the world’s…
