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Yamama Cement CompanySaudi firm inks $1.1bn deal to build new cement plant
Saudi Arabia's Yamama Cement Company has signed a 4.2 billion riyal ($1.12 billion) contract with Germany's ThyssenKrupp Industrial Solutions to build a new cement plant, the company said in a statement on Wednesday.
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Russia-TurkeyMissing Russian jet pilot ‘alive and well’
A Russian pilot who went missing after his jet was shot down by Turkey while taking part in air strikes over Syria was rescued in a 12-hour operation involving special forces, Russia says.
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Real EstateReal estate prices in Saudi Arabia will fall gradually, experts say
According to their forecasts, this will only happen with implementing the new regulation of fees on undeveloped plots of land in urban areas (white lands), the decline in real estate mortgage and the drop in oil prices in the Kingdom.
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Binladin GroupSaudi Binladin Group to lay off 15,000 workers
Construction giant Saudi Binladin Group plans to lay off around 15,000 staff, as the impact of low oil prices continues to be felt, industry sources told Reuters.
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ConstructionSaudi Arabia’s building and construction exports grow by six per cent annually
The domestic export of construction and building materials and products grew at a constant rate of six per cent per year, reveals a senior official.
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Comedy in Saudi ArabiaMeet the Comedian Making Saudis Laugh About Burqas and Driving Laws
Fhad Albutairi’s traditional Saudi parents weren’t thrilled when they sent their oldest son to the United States to study geophysics and he came home to the Gulf an aspiring professional comedian.
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WomenSaudi municipal elections sees withdrawal of 120 women candidates
At least 120 female candidates out of a total 1,019 running for Saudi Arabian municipal council elections have withdrawn their candidatures, according to the spokesman for the National Committee for Municipal Elections Jidai al-Qahtani who was quoted on Tuesday in Arabic daily al-Hayat.
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Stock MarketSaudi may test chart barrier, most markets to consolidate
Saudi Arabia's stock market may test technical resistance on Wednesday but most Middle Eastern bourses look set to consolidate in the absence of positive corporate news, and because of caution over Turkey-Russia tensions.
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Flooding in Saudi ArabiaRains cause flooding northwest of Saudi Arabia’s capital
Seasonal rains have caused flooding in a city northwest of Saudi Arabia's capital.
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DevelopmentThomas Friedman: A Letter From Saudi Arabia
This is not your grandfather’s Saudi Arabia. “Actually, it’s not even my father’s Saudi Arabia anymore — it is not even my generation’s Saudi Arabia anymore,” the country’s 52-year-old foreign minister, Adel al-Jubeir, said to me.
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