Saudi Arabia Fines 16 Banks, Including Its Biggest Islamic Bank
Saudi Arabia’s central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom’s largest banks, for violating its laws and …
Saudi Arabia
Saudi Banks Assets To Grow In Double Digits by 2020
RIYADH — Samba Financial Group, Saudi Arabia’s third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020, …
GCC Online Travel Market To Reach $15 Billion By 2023
ABU DHABI/DUBAI — The online travel market in the Gulf Cooperation Council (GCC) countries is expected to reach $15 billion by 2023, according to MENA …
Saudi Arabia Eyeing For Bigger Share Of The $2.1t Global Halal Market
World halal industry chiefs served up their ambitious plans for a global expansion of the $2.1 trillion food market
Saudi Arabia is aiming to tap into …
Al Rajhi’s Saudi Owner to Stay, Post-Merger’
the merger between Malaysian Industrial Development Finance Bhd (MIDF) and Al Rajhi Banking & Investment Corp (M) Bhd (Al Rajhi Malaysia) is …
Trade Ties Improving Between Asia & The GCC
Whether in terms of trade, commerce, or cultural linkages, Gulf Co-operation Council (GCC) states have become increasingly diverse in their …
Could Lab-Grown Meat Be In Saudi Arabia`s Future
Lab-grown meat, also known as cultured meat, is emerging as a groundbreaking solution to traditional meat production. With advancements in food …
Saudi Cabinet Approves Tourism Visa For Foreign Travellers
Saudi Arabia has approved new electronic visas for foreign visitors attending sporting events, concerts, and business attractions.
The decision will …
S&P Dow Jones Indices Set Sights On Passive GCC Funds
Dubai: S&P Dow Jones Indices is taking a plunge into passive or low-cost index funds in the Gulf region.
The index provider has launched 15-factor …
Saudi Deomstic Spending Increases Despite Falling Oil Prices
Saudi Arabia is doubling down on domestic spending despite falling oil revenues.
Amid a volatile start to 2019 for crude markets, Riyadh is persisting …
Azerbaijan To Expand Business Ties with Saudi Arabia
Recently, Azerbaijan Export & Investment Promotion Foundation (AZPROMO) organized the next export mission to Riyadh, the capital city of Saudi …
Saudi Arabia Reviewing Expat Fees Amid Highest Unemployment In A Decade
Saudi Arabia is reportedly reviewing its policy of imposing fees on expatriate workers following an exodus of foreign workers amid rising living …
Agoda To Promote Tourism To Saudi Arabia
Agoda To Promote Tourism To Saudi Arabia. Saudi Arabia’s ministry in charge of the Islamic events of Haj and Umrah signed a preliminary …
Saudi University Ranks Best In The Gulf Region
RIYADH: The Jeddah-based King Abdul Aziz University (KAU) has been selected as the best university in the Gulf Cooperation Council (GCC) countries by …
Saudi Tourism Commission Launches ‘Destination For Muslims’ Initiative
JEDDAH: The Saudi Commission for Tourism and National Heritage (SCTNH) has launched an initiative to make Saudi Arabia the preferred destination for …
Focus On Key Investment Opportunities in Makkah Region
Makkah Region
MAKKAH Economic Forum, a two-day event in Makkah Region, will begin on Sunday (May 6) at the Jeddah Ritz-Carlton under the theme, ‘From …
Saudi Tourism Commission Adds 25 Sites To Heritage List
Saudi Tourism Commission
JEDDAH: The Saudi Tourism Commission and National Heritage approved the registration of 25 archaeological sites in …
Saudi Arabia Embraces $44 Billion Modest Fashion Market Globally
Saudi Arabia will host its first ever Arab Fashion Week in Riyadh this March, signalling its willingness to tap into the $44 billion modest fashion …
Saudi Food Imports Surging Due to Changing Consumption Patterns
DUBAI — A major shift in the food buying preferences of Saudi consumers is unlocking huge two-way trade opportunities in the Kingdom, according to a …
Saudi Arabia In Danger Of Losing The World`s Top Producer Of Oil
For the first time since 1975, the United States is poised to surpass Saudi Arabia and Russia as the world’s leading producer of crude …
VAT Takes Effect In UAE, Saudi Arabia
The introduction of a Value Added Tax (VAT) regime in the UAE marks the beginning of a new era in the history of the UAE economy where the general …
Saudi Fashion Goes Global
LONDON: The rising stars of Saudi fashion may soon have more reasons to strut their stuff at home as much as abroad.
The Arab Fashion Council’s plans …
Islamic Banks’ Growth in Saudi Arabia to Continue Unabated
JEDDAH — S&P Global Ratings forecast oil prices will stabilize at $50 per barrel in 2017 and 2018, with unweighted average GDP growth in the six …
Heya Arabian Fashion Exhibition Showcases Coveted Collections
JEDDAH — Recognized as a creative celebration of contemporary modest fashion, Heya Arabian Fashion Exhibition, embraces the rise of the modest fashion …