Breaking News

Tag Archives: Saudi Arabia

Cisco Partners with Saudi Arabia to Accelerate the Digitization of the Kingdom


Supports Saudi Arabia’s efforts to drive GDP growth, foster innovation, create new jobs and strengthen global competitiveness Multipronged effort extends Cisco’s commitment to Saudi Arabia, places it at forefront of Kingdom’s efforts to develop a strong digital economy Partnership framework aligns with Saudi’s Vision 2030 and recently approved National Transformation Program Following a meeting between Saudi Deputy Crown Prince Mohammed …

Read More »

Nissan appoints Simon Frith as new Managing Director for Saudi Arabia


Nissan has announced that Simon Frith has been appointed to be the new Managing Director of Nissan Saudi Arabia Co., Ltd., effective June 1. Frith’s appointment will accelerate strategic decision making to further develop Nissan’s business operations in the Kingdom. He will be based in Jeddah and report to Samir Cherfan, the Managing Director of Nissan Middle East. The appointment …

Read More »

Renewables ‘vital’ to Saudi Arabia’s economic diversification, says DC PRO engineering chief


Saudi Vision 2030 targets production of 9.5 GW of renewable energy by 2022 and 54 GW by 2040. George Berbari, CEO of DC Pro Engineering, urges Kingdom to transition to Tri-Generation & Renewable District Cooling. Riyadh – One of the world’s foremost voices in pioneering District Cooling technologies believes public and private sector entities across the Kingdom of Saudi Arabia …

Read More »

Business aviation booming in Saudi Arabia


Flights in 2016 continuing to follow the trend. Business aviation flights in Saudi Arabia increased by 6% year-on-year in the first quarter of 2016, according to statistics from WINGX released at the MEBAA Conference in Jeddah, Saudi Arabia, which concluded recently. “Business aviation is an expanding market in the Middle East,” says Ali Alnaqbi, Founding Chairman of the Middle East …

Read More »

Saudi Arabia shows highest growth in high-quality science in Western Asia


Saudi Arabia continues to enhance its position as a regional leader in scientific research. As reported in Nature Index 2016 Saudi Arabia – published with the 28 April issue of Nature -Saudi Arabia’s contribution to high-quality research papers is growing more than any other country in Western Asia. Between 2012 and 2015, Saudi’s growth in contribution to the Nature Index …

Read More »

Erıcsson consumerlab: Evolving expectations of smartphone users in Saudi Arabia


Smartphone users in Saudi Arabia have a strong interest in new and future services like multi-screening, connected cars and connected homes. The aspiration for these new services is much higher than among users in the US and the UK. 62 percent of the time spent watching videos is on smartphones and tablets When it comes to satisfaction of mobile broadband …

Read More »

SA, Middle East relations get major boost

us sd

By – Pretoria – South Africa and Saudi Arabia’s economic and political relations received a significant boost following a successful state visit by President Jacob Zuma to that country at the weekend. President Zuma spent his Easter weekend telling the South African story in the Middle East on Saturday and Sunday. The Presidency described the visit as an important …

Read More »

Saudi Arabia is one of the largest and most important trading partners with China in Western Asia and Africa

china export

More than 2,800 Saudi businessmen visited the 118th Canton Fair. The promotional campaign for the China Import and Export Fair (Canton Fair) was launched on 16 March 2016 in Saudi Arabia, in the presence of Mr. Hakel Wen, international VIP Service Executive at the China Foreign Trade Center, during a press conference held at the Intercontinental Hotel in Jeddah. The …

Read More »

Zain Saudi Arabia’s full-year financial results confirms record-breaking 2015


Revenues rose 9%, reaching SAR 6,741 million for 2015 with net losses narrowing by 23%. Gross profit margin reaches 59%, reflecting a record gross profit of SAR 3,951 million. Efficiency drive and improved vendor terms sees EBITDA increase by 48% with operating losses falling by 73% year-on-year. Riyadh, 25 February, 2016 – Zain Saudi Arabia ( Zain KSA ) posted …

Read More »

Fluctuating oil prices to further boost Saudi Arabia’s ICT sector


ICT is a key ingredient of the Kingdom’s efforts to overcome the financial effects of the oil crisis and transform into a knowledge-based economy. February 25, 2016, Riyadh, Saudi Arabia – Fears over the oil crisis are not hindering the Saudi government from pursuing ambitious plans for the future development of the Kingdom. The Ministry of Finance’s summary of economic …

Read More »