02 Dhu al-Qi'dah 1445 - 10 May 2024
    
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Eye of Riyadh

Comic Con comes to Saudi Arabia for first time
Tourism & Hospitality | Saturday 24 December, 2016 9:49 am
The Saudi Comic Con (SCC) event and activities will take place in Jeddah for three days and nights on Thursday, Friday and Saturday February 16 - 18, 2017. It is the first time Comic Con has come to Saudi Arabia. Tickets for Saudi Comic Con event are available at Virgin Megastores across The...
More than a third of budget goes to education, health and development
Business & Money | Friday 23 December, 2016 7:21 am
More than a third of Saudi expenses will be in two key emerging sectors: the education with more than SR200 billion, and the health and social development sector with SR120 billion. The figures allocated for the education and health and social development sectors represent 36% of the total...
Saudi budget signals economic recovery, say economists
Business & Money | Friday 23 December, 2016 5:07 am
Saudi Arabia’s 2017 budget and spending boost announced Thursday suggests its finances are on the road to recovery, economists said, although one forecast that austerity measures would return. The oil price crash plunged the Kingdom’s budget into the red, recording a severe deficit of...
Economy strong enough to tackle all challenges: King
Government | Friday 23 December, 2016 4:15 am
CUSTODIAN of the Two Holy Mosques King Salman on Thursday underlined the need for ensuring implementation of the general budget very carefully in a way achieving comprehensive and balanced development and improve the services being extended to the citizens. The King made the remarks in his...
Saudi budget 2017: Deficit forecast to drop to SR 198 billion
Government | Thursday 22 December, 2016 4:16 pm
Saudi Arabia’s deficit is projected to decline by a third next year, according to a budget statement that is seen as a step toward eliminating the shortfall altogether by 2020. The deficit for 2016 stands at SR 297 billion, around 9 percent lower than forecast, and far below the high of SR...
Bupa Arabia honors Al-Diyar United Co. Ltd in appreciation of its distinct strategic partnership
Business & Money | Thursday 22 December, 2016 2:00 pm
Bupa Arabia for cooperative insurance, the largest healthcare company in the Kingdom, honoured Al-Diyar United Co. Ltd in recognition for its continuous distinct partnership. Through this 16 year old prosperous partnership, Bupa Arabia was able to provide the best and finest quality healthcare...
Saudi budget to be announced today
Business & Money | Thursday 22 December, 2016 5:51 am
Saudi Arabia will today unveil its annual budget statement, which is expected to outline a series of tough measures designed to put the Kingdom on the road to achieving financial balance by 2020. Subsidy cuts, rationalized spending and new fees for expatriate workers are three key moves expected...
MLSD, GaStat sign agreement to develop employment data
Business & Money | Thursday 22 December, 2016 3:54 am
The Ministry of Labor and Social Development (MLSD) signed on Monday a memorandum of understanding with the General Authority for Statistics (GaStat) to develop various statistical products relating to manpower, social development and establishments as well as to maintain exchange of data. The...
Analysts see more Saudi bonds in pipeline
Business & Money | Thursday 22 December, 2016 2:52 am
When Saudi Arabia slipped into deficit in 2014 following a slump in oil revenues, the government took familiar steps to bridge that shortfall, drawing down on its reserves and selling riyal-denominated debt to local lenders. The domestic bonds squeezed liquidity, sending the Saudi interbank rate...
AlHokair’s Hotels Receive
Tourism & Hospitality | Wednesday 21 December, 2016 4:11 pm
AbdulMohsen AlHokair for Tourism and Development's hotels participated in Jeddah Municipality's program to evaluate the quality and safety of food services and bestow the Medal of Excellence on food establishments that have achieved the highest quality standards. The awards were given...
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