Business & Money | Saturday 14 January, 2017 3:42 am

KAEC, Petromin in deal to build logistics service center for Nissan vehicles

King Abdullah Economic City (KAEC) has succeeded in adding Petromin to the growing list of investors in the Industrial Valley. According to the deal signed by the two sides just before the start of the New Year the Saudi lubricants giant will lease 193,917 square meters of land to build a logistics ...

More Details

Environment & Energy | Saturday 14 January, 2017 3:35 am

Falih optimistic about oil market stabilization

Minister of Energy, Industry and Mineral Resources Khaled Al-Falih said Thursday he was optimistic about a stabilization of the oil market following an OPEC deal to cut output. “We believe that the agreement that we refer to between us and OPEC and non-OPEC members will hold,” he...

More Details

Tourism & Hospitality | Friday 13 January, 2017 5:17 am

Flynas soaring high with $8.6 billion Airbus deal

LOW-COST Saudi carrier flynas has concluded a $8.6 billion purchase deal with Airbus, a major shareholder said Thursday, as competition grows in the Kingdom’s expanding market. Kingdom Holding Co, which owns a 34 percent stake in the airline, said flynas has finalized the “deal with...

More Details

Environment & Energy | Friday 13 January, 2017 5:06 am

Saudi Arabia cuts oil output to lowest in 2 years, pledges more reductions

Saudi Arabia has cut oil output to its lowest in almost two years, Energy Minister Khalid Al-Falih said on Thursday, as the world’s largest oil exporter leads OPEC’s drive to eradicate a global glut and prop up prices. Al-Falih said output had fallen below 10 million barrels per day...

More Details

Government | Friday 13 January, 2017 3:04 am

King Salman awards six Saudis the Merit Medal

King Salman has given approval to present six Saudi citizens the Medal of Merit of the Second Class for donating blood at least 50 times. The donors are: Brig. Saud bin Abdullah Al-Shammari, Technical Lt. Col. Abdullah bin Abdulrahman Al-Rummani, Mohammed Misfer Al-Zahrani, Khalid bin Abdullah...

More Details

Government | Thursday 12 January, 2017 12:48 pm

King Faisal International Prize 2017 Awarded across Five Categories in Saudi Arabia

The King Faisal Foundation, an international philanthropic organization based in Saudi Arabia since 1976 with the mission of preserving and perpetuating the legacy of King Faisal bin Abdulaziz Al Saud, has announced the winners of its much-anticipated King Faisal International Prize (KFIP)...

More Details

Environment & Energy | Thursday 12 January, 2017 5:27 am

Khalid A. Al-Falih, to Lead Kingdom’s Largest Ever Delegation at World Future Energy Summit

Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, H.E. Khalid A. Al-Falih, will lead the Kingdom’s biggest-ever presence at the 10th World Future Energy Summit (WFES) when the event gets under way next week. The official delegation forms part of Kingdom’s strong...

More Details

Technology & IT | Thursday 12 January, 2017 3:13 am

Samsung Electronics Recognized for Design and Technology Innovation at the 2017 Consumer Electronics Show

Samsung Electronics announced that it has won more than 120 awards at the 2017 Consumer Electronics Show (CES), and continues to receive recognition in categories spanning the home entertainment, home appliance and mobile categories. Samsung is humbled to be honored at CES alongside fellow...

More Details

Business & Money | Thursday 12 January, 2017 2:15 am

Saudi Arabia to grant business visa within 24 hours

Saudi Arabia has adopted a new mechanism to grant business visas for foreign investors within 24 hours. Foreign Ministry official Usama Nugali confirmed the move to Arab News on Sunday. The new measure is aimed at allowing foreign investors to obtain business visas electronically within a...

More Details

Business & Money | Wednesday 11 January, 2017 2:42 pm

Sanad Association Honors Mobily For Its Leading Social Responsibility Role

Sanad Association honored Mobily for its active contribution in supporting it, and that comes out company’s social responsibility role.    Eng. Faiez Awadh, Chief Human Resources Officer, received the honoring shield on behalf of Mobily from Her Royal Highness...

More Details