Economy
Consumer optimism in Kingdom brightens as retail sector booms
With strong consumer confidence and a sound economic outlook for the immediate future, Saudi Arabia’s retail sector appears set for a good year of trading.
Thursday, 02 - August 2012
The Saudi Minister of Labor Adel Fakieh headed a delegation that visited the Jeddah headquarters of Bupa Arabia Tuesday, in recognition of the Kingdom’s first specialized health insurer’s role as a pioneer in recruiting and training Saudi national employees.
Thursday, 02 - August 2012
Etihad Airways has snapped up stakes in four different carriers just since December, prompting speculation in aviation circles of more deals to come, and it is not alone.
Thursday, 02 - August 2012
The value of deals targeting businesses in the Middle East rose in July, increasing four percent from $2,081 million to $2,159 million, representing the highest rise since March 2012 when $2,606 million was achieved, Zepher data revealed.
Thursday, 02 - August 2012
Healthcare expenditures in Saudi Arabia are expected to increase by 16 percent to SR91.23 billion in 2012 from SR78.63 billion in 2011, driven by aggressive public sector investments in healthcare facilities.
Thursday, 02 - August 2012
The United Arab Emirates and Australia signed an agreement for cooperation in peaceful use of nuclear energy.
Thursday, 02 - August 2012
The Saudi tourism industry accounted for 3.2 percent of the Kingdom’s total GDP in 2011, as well as 7.1 percent of non-oil GDP and 11.8 percent of private sector GDP, figures released recently by the Saudi Tourism Information and Research Center said.
Thursday, 02 - August 2012
Companies in the Middle East and North Africa (MENA) raised a total of $1.29 billion through five initial public offerings (IPOs) in the second quarter of 2012, the Ernst & Young’s MENA Q2 2012 IPO Update showed.
Thursday, 02 - August 2012
Saudi Green Building Forum (SGB Forum), an initiative of Prince Mansour Bin Miteb Bin Abdul Aziz, Minister of Municipal & Rural Affairs, is one of the 54 Authorized Education Delivery Partners of US Green Building Council (USGBC).
