Economy

The global credit squeeze and recession have made many countries turn to the Islamic Development Bank more than ever to seek help in their development projects, says its President Ahmed Mohammed Ali...
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Manufacturing, construction sectors show more optimism

Wednesday 15 May 2013
Business enterprises in the Kingdom continuing hiring under the national plan will have to overcome the headwinds facing the global economy to reach a sustainable path, a top Saudi economist said y
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Rising plastics exports dominate nonoil trade

Wednesday 15 May 2013
The value Saudi nonoil exports reached SR 13.7 billion in February, falling short of last year's SR 15.2 billion by 10 percent.
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Tadawul index continues to fall

Wednesday 15 May 2013
The Saudi stock market continued its downward fall yesterday, closing the third straight day with mild losses.
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Real GDP to grow by 4.4% in 2013

Wednesday 15 May 2013
Saudi Arabia’s real GDP is estimated to have expanded 6.8 percent in 2012, according to Global Investment House's review of the Saudi economy.
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$ 400 million Riyadh airport deal for TAV

Wednesday 15 May 2013
Turkey’s TAV Construction has received the design and construction tender worth $ 400 million for the King Khaled Airport Terminal 5 in Riyadh.
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Five firms vie for telecom licenses

Wednesday 15 May 2013
DUBAI: Five companies have submitted applications for virtual telecom licenses in Saudi Arabia including Virgin Mobile Middle East & Africa (VMMEA).
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Dubai nonoil trade rises to AED 325.5 billion in Q1

Wednesday 15 May 2013
DUBAI: Dubai’s non-oil trade jumped 16 percent in the first quarter and recovery in the emirate’s property sector will help keep the pace up this year despite a plunge in trade with Ira
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Customs delegates discuss ‘single window’ plan at borders

Wednesday 15 May 2013
More than 1,000 local, regional and international dignitaries from more than 100 countries are taking part in the World Customs Organization’s conference is under way in Dubai.
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Tawuniya deal boon for 80,000 Saudi students

Wednesday 15 May 2013
The Company for Cooperative Insurance (Tawuniya) and Aetna, a leading global diversified health care solutions company, have entered into a strategic alliance to provide health care benefits and se
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