Tag Archives: Saudi Arabia

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

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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 …

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Business aviation booming in Saudi Arabia

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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 …

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

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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 …

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Erıcsson consumerlab: Evolving expectations of smartphone users in Saudi Arabia

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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 …

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SA, Middle East relations get major boost

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By – SAnews.gov.za 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 …

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

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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 …

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

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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 …

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

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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 …

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Employment prospects in Saudi Arabia leap 10 percent in past year according to Monster Employment Index

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Demand for healthcare candidates soars 51 percent year-on-year to January 2016. Sales, business development and human resources occupations also show strong demand. Negative growth for hospitality, marketing and purchasing and supply candidates. The number of job opportunities posted online for qualified job candidates in Saudi Arabia rose by 10 percent in the past year according to the Monster Employment Index. …

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Zain Saudi Arabia Concludes 2015 with Record Financial Results

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Revenues rise 9% for year with net losses for the year narrowing by 23%. – Gross profit margin reaches 59%, reflecting a record gross profit of SAR 3,951M. – Efficiency drive and improved vendor terms sees EBITDA rising by 48% with operating losses falling by 73% YoY Zain Saudi Arabia (Zain KSA) posted record financial results for the year ended …

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