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  • Saudi Workforce
    Young Saudis challenging past work trends

    It has become normal to see young Saudis working in men's fashion shops, restaurants and coffee shops, serving customers to acquire the experience and work culture that will allow them to achieve higher goals. These Saudis are reflected in the recent data released by the Ministry of Labor that showed the number of Saudis working in the private sector has reached 1.47 million in 2013, representing a 332.2 percent increase from 2012

  • Coffee
    Saudi Arabia biggest coffee consuming country in world | Economy | Saudi Gazette

    The study showed also that the consumption of coffee per capita amounts to 3 kg per year. According to the same statistics, Saudi people spend annually more than SR1 billion for the preparation of coffee and its components. The Kingdom imports on an annual basis more than 26,000 tons of cardamom, ginger and saffron with a total value exceeding SR4.5 billion, while the number of coffee shops in Saudi Arabia increases more than 10 percent per year

  • Housing
    Over 600,000 Saudis Eligible For Housing Aid -Ministry

    More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government. Out of a total of 960,397 applications under the scheme, known as ESKAN, 620,889 were found eligible, the Ministry of Housing said in a statement on Thursday.

  • Petrochemicals
    Saudi Sahara Petrochemical’s subsidiary restarts output after glitch

    Saudi Arabia's Sahara Petrochemical Co said on Wednesday its subsidiary had fixed a technical fault at a utilities unit and was now working on restarting production.

    Sahara, which ended merger talks with Saudi International Petrochemical Co (Sipchem) in June, said Aug. 17 a shutdown in polypropylene output had occurred at Al Waha Petrochemicals which could reduce third-quarter profit at the parent firm by nearly 9 million riyals ($2.4 million).

  • Saudi-Qatar
    High-level Saudi delegation visits Qatar

    A high-level Saudi delegation led by Foreign Minister Saud al-Faisal, Intelligence Chief Khalid Bin Bandar and Interior Minister Prince Mohammed Bin Nayef paid a brief visit to Qatar on Wednesday.

    The Saudi SPA news agency said the Saudi officials arrived in Doha on a “short brotherly visit.” Qatar’s QNA news agency carried a similar report, giving no details on the purpose of the trip.

  • Tadawul Opening
    Saudi Markets To Open To The World: How, When And Why

    Last month’s announcement by the Saudi Arabian Capital Markets Authority that it would open its long-closed equity markets to international investment was a landmark moment. It will give access to a market with a capitalisation of US$590 billion – about the same as Russia’s, and representing half of the entire Gulf region.

  • Counter-Terrorism
    Saudi Arabia Arrests ISIS Recruiters

    Saudi police have arrested eight people in the northwest suspected of recruiting young people to join the Islamic State jihadist group in Iraq and Syria, the interior ministry said Tuesday.

  • E-Commerce
    Saudi Arabia moves to regulate e-commerce

    Darab added that other countries which have legislation and a regulatory framework for e-commerce do not see any official interference by any governmental bodies into buying and selling, only within an organizational capacity. He said that such a stance toward e-commerce would not only allow it to thrive in the Kingdom, but would also ensure that instances of online fraud and scams, as well as money laundering and any other illegal activities, are reduced.

  • Work Week
    Saudi five-day week for private sector scrapped

    A plan by Saudi Arabia’s labour ministry to give two days off a week in the private sector is being shelved following tremendous pressure from investors and the business community.

  • Food Imports
    Saudi Arabia food imports worth $24 billion annually

    Saudi Arabia imports almost 70 per cent of its food requirements, according to an economic study conducted by the Saudi Agriculture Exhibition, which noted that the Kingdom pays 90 billion Saudi riyals ($24 billion) annually in return for food. The study, which was released on Tuesday, noted that food expenditure in Saudi Arabia constitutes 26 per cent of all consumer spending and predicted that food consumption will significantly increase by 55.3 per cent to reach 424 billion riyals ($113 billion) by 2016.