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E-CommerceSaudi 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.
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Food ImportsSaudi 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.
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Saudi AramcoSaudi Aramco Plans To Invest $40B A Year For The Next Decade
Saudi Aramco, the world's biggest oil producer, plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production, Chief Executive Khalid Al-Falih said. "Although our investments will span the value chain, the bulk will be in upstream, and increasingly from offshore, with the aim of maintaining our maximum sustained oil production capacity at twelve million barrels per day, while also doubling our gas production."
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HajjSaudi set to earn $8.5 bn from hajj
The study was based on estimates that 1.98 million pilgrims will travel to the holy Muslim city of Mecca, including 1.38 million, or 70 percent, from abroad.
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NitaqatEmployees with Yellow Employers are in Danger
This week, Saudi authorities have made some changes in the Nitaqat Rules. In fact the changes have been made especially for the “Yellow Category Employers”.
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Foreign PolicyAmerica’s Middle East Scorecard: Many Interventions, Few Successes
Yet with so much trouble scattered over such a vast landscape, an alternative critique holds that the U.S. can't possibly keep the lid on a region going through a maelstrom of historic proportions that's beyond the control of any outside power.
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HaiaGaming Social Media
Saudi Arabia’s Commission for the Promotion of Virtue and Prevention of Vice is crying “Foul!” over a video clip that has been appearing on various social media sites. The clip purports to show a member of the Commission uttering threats against blackmailers and homosexuals while presenting himself as a member of the vice police. His is not a part of the Commission but an imposter, authorities say, and they are determined to find out who he is and to punish him.
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Saudi-IranIran deputy foreign minister to visit Saudi Arabia
Iran's deputy foreign minister will visit Saudi Arabia on Tuesday for the first bilateral talks between the Middle East's most intractable Muslim rivals since Iran's political landscape shifted in 2013, media in both countries reported.
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Israeli DroneA downed Israeli drone could advance Iran’s own drone program
State media reports out of Tehran on Sunday said that the elite Iranian Revolutionary Guard had shot down an Israeli drone near the Natanz uranium enrichment site, home to Iran’s nuclear program. The downed aircraft was reportedly a stealth long-range surveillance drone designed to avoid radar detection.
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ExtremismSaudi jails 17 for up to 33 years for terrorism offenses
A Saudi special court sentenced 17 people to between nine and 33 years in jail for joining a "terrorist cell" in the kingdom and fighting abroad, state news agency SPA reported Monday.
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