Saudi Arabia’s suggestion last month that it will try to limit how much money expatriate workers send home showed concern about the cost of having foreigners make up nearly a third of the population. An estimated nine million foreign workers and their dependents remitted SR26.8bn ($7.1bn) out of the country in the second quarter of [...]

GE has announced the appointment of Dr. Manar A Al-Moneef, a Saudi Arabian national and experienced healthcare professional, as the Managing Director of Imagination Breakthrough in the Middle East and Pakistan. Dr. Al-Moneef will be responsible for leading the business development of GE Healthcare, the healthcare operations of the company in the region, and providing [...]

DUBAI: Saudi Arabia could shortly open its stock exchange to foreign investors, Deutsche Bank’s head of MENA equities said, a move which would allow international capital to own shares outright on the Middle East’s largest bourse for the first time. “I do see it happening very soon,” Ahmed Beydoun told Reuters in a telephone interview. [...]

Saudi Arabia’s Prince Alwaleed will launch an international news television channel next year, which will focus on “freedom of speech and freedom of press.” Known as Alarab, the 24-hour news channel will target Arabic-speaking viewers across the Arab world and beyond. The Alarab news channel is an independent venture from Kingdom Holding Company and the [...]

The number of Renault cars on the roads in Saudi Arabia has increased noticeably over the last year. Recognizing the need to serve customers better and going by the Renault philosophy of Customer First, Gulf Advantage Automobiles (GAA) inaugurated a new Renault Service Center in Riyadh, further reiterating their expansion plans while enhancing GAA’s leadership [...]

JEDDAH: Saudi Arabia has broken into the top 20 most competitive economies of the world for the first time, which also saw other Gulf countries continue their upward trend of recent years.   The Global Competitiveness Report 2011-12, released Wednesday by the World Economic Forum (WEF), put Saudi Arabia at No. 17 from No. 21 [...]

Saudi Arabia unveiled plans Tuesday to build the world’s tallest tower — a mixed-use structure that will rise two-thirds of a mile high — in the Red Sea port city of Jeddah. Saudi billionaire Prince Alwaleed bin Talal signed a $1.23 billion contract with Bin Laden Group for the proposed tower, which will take just [...]

Monster Employment Index Gulf Rises 8% Month-over-Month The Monster Employment Index is a monthly gauge of online job demand in Middle-east based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. The Index does not reflect the trend [...]

Jeddah, Saudi Arabia. Saturday June 12, 2011. Ewaan Global Residential Company, a leader in real estate development in Saudi Arabia, today said it will be the founding sponsor of the third edition of Jeddah International Urban Development & Real Estate Investment Event (CityScape Jeddah 2011) that opens today. The three-day Jeddah Real Estate Summit is [...]

Riyadh 12 June 2011 – Jones Lang LaSalle, the world’s leading real estate investment and advisory firm, today released its latest “Riyadh Real Estate Market Overview – Q1 2011” covering the Riyadh office, residential, retail and hospitality market segments. According to the report, the Riyadh real estate market is expected to experience strong demand on [...]