Business & Money | Sunday 12 July, 2015 4:14 am

Taxi fares spiral in Makkah

Taxi fares in Makkah have significantly increased due to the Ramadan rush, particularly at the time when the holy month is coming to an end. Drivers are overcharging those who have come to Makkah to perform Umrah, particularly on the route to and from the Holy Mosque during rush hours, when they...

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Government | Sunday 12 July, 2015 2:00 am

King launches key Grand Mosque expansion projects

 Custodian of the Two Holy Mosques King Salman launched on Saturday night five giant projects that are implemented as part of the third Saudi expansion of the Grand Mosque. The expansion projects include the King Abdullah Expansion Structure, courtyards, tunnels, buildings for service...

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Technology & IT | Sunday 12 July, 2015 1:41 am

ZTE Signs Joint Pre5G R&D MOU With SoftBank

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, announced the company signed a memorandum of understanding with SoftBank Corp. to collaborate on research and development on Pre5G...

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Government | Sunday 12 July, 2015 1:03 am

Teary farewell to Prince Saud

The funeral prayer for former Foreign Minister Prince Saud Al-Faisal was held at the Grand Mosque in Makkah, in the presence of Custodian of the Two Holy Mosques King Salman, on Saturday night. Representatives from a number of countries and high-ranking royals attended the prayer, held after...

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Cars & Autos | Saturday 11 July, 2015 2:31 pm

KNEISSER AND PATROL SHINE IN EUROPE BAJA DEBUT

Nissan rallying ace Emil Kneisser has started his first European campaign in fine style with a podium finish in the grueling Italian Baja Rally.   The Italian Baja is the fifth round of the Cross Country FIA World Cup and the event saw superb performances from Nissan drivers in the T2...

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Business & Money | Saturday 11 July, 2015 6:16 am

Nitaqat: MoL analyzing market needs

The Labor Ministry has announced that it is currently studying the needs of the market as part of its review of the delayed Nitaqat 3 proposals that would have raised Saudization requirements for companies in the country. Deputy Labor Minister Ahmad Al-Humaidan was quoted as saying in a local...

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Tourism & Hospitality | Saturday 11 July, 2015 5:20 am

60,000 additional seats for Umrah pilgrims

Saudi Arabian Airlines (Saudia) has added over 60,000 seats during the holy month of Ramadan on flights from domestic airports Kingdomwide to King Abdulaziz International Airport in Jeddah in order to accommodate domestic passengers wishing to perform Umrah.  Khaled Hammad Al-Bluwi,...

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Business & Money | Saturday 11 July, 2015 5:18 am

Property prices drop 30%

There has been a drop in property prices by up to 30 percent in some parts of the country, the Housing Ministry reported recently. From the start of the year until May, deals worth SR278 billion were finalized, down 14 percent from the same period last year, a local publication reported...

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Tourism & Hospitality | Saturday 11 July, 2015 5:15 am

‘Constant efforts’ behind Jeddah festival success

Continuous efforts to change events and activities to suit the taste of visitors has made the Jeddah Summer Festival an attraction for not only local visitors, but also international tourists since it was launched 17 years ago, Jeddah Gov. Prince Mishaal bin Majed has said. The prince, who is...

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Business & Money | Saturday 11 July, 2015 5:14 am

Kingdom issues SR15bn bonds

The Kingdom’s sale of bonds worth SR15 billion to local banks this year was welcomed by Riyadh-based economists on Friday as a strategic move that could reshape its financial markets. While a few state agencies or state-controlled firms have issued bonds in the past few years, the...

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