Tuesday 21 October 2014
 
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Saudi Arabia

Rosewood Corniche introduces new market-style dining

Rosewood Corniche, a luxury hotel in Jeddah, Saudi Arabia, has introduced The Saturday Market – a new mid-day dining concept at its international restaurant, Habsburg. The new cooking concept allows hotel guests and visitors to se

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Saudi August oil exports lowest in three years

Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday, as the top oil exporter fights for market share amid weak demand and ample supplies from rival producers.

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UAE, Saudi Arabia, Oman top Mice destinations in GCC

The UAE, Saudi Arabia and Oman have emerged as the top three meetings, incentives, conferences and exhibitions (Mice) destinations in the GCC. The number of international association meetings in the region has more than tripled over the

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Fawaz Alhokair quarterly net rises 7.7pc

Saudi Arabia retailer Fawaz Abdulaziz Alhokair Company reported a 7.7 per cent rise in second-quarter profit on Monday as sales increased and it made foreign exchange gains, but the profit missed analysts' estimates. The compa

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Saudi-Kuwait oilfield halted due to 'environmental issues'

Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Reuters.

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Saudi Safco Q3 net profit up 24pc

Saudi Arabia Fertilizers Company (Safco) reported a 24.4 per cent rise in third-quarter net profit on Sunday, beating analysts' forecasts and ending a sustained profit slump as sales prices and sales volumes increased. The com

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Jarir Marketing to double stores over five years

Saudi Arabian retailer Jarir Marketing Co plans to invest SR1.1 billion ($293 million) over the next five years to roughly double the number of its stores in Saudi Arabia and the Gulf, its chairman said. The kingdom's largest

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Saudi Arabia sees steady office rental growth

The office market in Saudi Arabia continued to witness solid growth in the third quarter with key cities Riyadh and Jeddah registering a steady rise in average rental rates, said a report. The average rentals in the Riyadh office market

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Saudi Arabia creates 750,000 tourism jobs

The Saudi Commission for Tourism and Antiquities (SCTA) created permanent jobs for 750,000 employees as at the end of 2013, said a report citing a senior official. Prince Sultan bin Salman, the president of the organization, said

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Saudi Arabia to set up $480m water storage facility

National Water Company (NWC), the biggest water supplier in Saudi Arabia, plans to build a water storage facility with a capacity of 4.6 million cu m in the capital Riyadh at an investment of $480 million, said a report. This is p

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