Year-on-year inflation dipped to 5.3 percent in April from 5.4 percent
in March. Lower food price inflation was the main reason for the
decline. Rental inflation picked up.
The Saudi project market continues to thrive. Latest data from Meed put the value of projects “planned or underway” at $745 billion in mid-April, around 13 percent higher than a year earlier.
My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj pilgrimage millions of Muslims make each year to Mecca. The historic city of Medina was the first stop on the journey before we continued on to Mecca for Umrah.
This is the region of newly proclaimed jihadi emirates in south Yemen that are run by affiliates of al-Qaida in the Arabian Peninsula (AQAP), the Yemeni franchise of the movement founded by Osama bin Laden.
The industrial sector is the real excitement for us, which is growing at a rate of 15 percent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy.
U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders.
Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units.
The Gulf region continued to create jobs despite the impact of Arab Spring in 2011 with the regional powerhouse Saudi Arabia topping the list followed by Qatar and Oman, according to a new survey.
