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In its ‘Doing Business 2008’ report, the IFC notes that the kingdom has scaled back minimum capital requirements as well as the time needed for a company to be started from 39 to 15 days. …Read full article » Saudi Arabia: Sunday, September 30 - 2007 @ 15:05
Diplomats say that both countries are committed to concluding the defence agreement which is expected to be the most ambitious and complex yet reached by the kingdom with the UK, or any other supplier of …Read full article » Saudi Arabia: Saturday, September 15 - 2007 @ 14:36
It is a move that ends the last vestiges of monopoly held on services by the majority government owned Saudi Telecom which has also had to compete with private operators for mobile customers in its …Read full article » Saudi Arabia: Tuesday, August 28 - 2007 @ 12:57
Saudi Arabia has become one of the fastest expanding economies in the region with real economic growth of 6 per cent over the last four years compared with an average of 1.4 per cent in …Read full article » Saudi Arabia: Tuesday, August 14 - 2007 @ 12:29
In 2006, profits of Saudi banks rose more than 30 per cent to some $9.4bn. After the end of the stock market bubble, the sector is focusing more on investment banking, advisory services and mortgages …Read full article » Saudi Arabia: Wednesday, July 25 - 2007 @ 15:29
A proposed new mortgage law is expected to provide further stimulus to the expanding housing market later this year. As a result, some believe that the Saudi demand for homes could be shaping up to …Read full article » Saudi Arabia: Saturday, June 09 - 2007 @ 17:30
The region now accounts for some 8 per cent of world aluminium production and with new smelters and expansions to existing facilities coming on stream this is likely to rise substantially.
With the price of …Read full article » Saudi Arabia: Wednesday, May 02 - 2007 @ 17:05
The signing of the three contracts on April 3 is the most significant move so far in the Kingdom’s ambitious railway expansion strategy. The north-south track will be a vital component for developing major industrial …Read full article » Saudi Arabia: Thursday, April 12 - 2007 @ 16:19
Three months after receiving its licence from the General Authority of Civil Aviation, Sama’s first flight to Jeddah took off from Dammam on March 15.
Three weeks earlier NAS inaugurated commercial flights with three Airbus …Read full article » Saudi Arabia: Sunday, March 25 - 2007 @ 09:44
Non-oil private sector growth is expected to grow by around 6 per cent this year and be the Kingdom’s main engine of economic expansion along with government spending.
Since joining the World Trade Organisation Saudi non-oil …Read full article » Saudi Arabia: Sunday, March 11 - 2007 @ 08:54