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  • Luxury Items
    Saudis spend SR5.4 billion on perfumes

    The value of consumption of perfumes in the Gulf region throughout the year exceeded SR12 billion, with the Saudi market accounting for more than half — SR5.4 billion — throughout the year. In total, people in the Gulf region spend around SR45 billion on cosmetics, perfumes, oud and bukhoor, Makkah newspaper reported.

  • Shale
    Euphoria over shale gas ‘surge’ pointless

    While euphoria over the ongoing shale revolution and the energy independence of the Americas continue, yet, there are people - cautioning and asserting - the phenomenon is short-lived and the world would continue to be dependent on the energy- rich Middle East in medium to long term.

  • Weather
    Temperature Trend on Makkah, Saudi Arabia

    The main objective of this study is to investigate temperature trend and distribution over 29 years period (1985 to 2013) in Makkah, Saudi Arabia, the holiest city for all Muslims.

  • Gaza
    Israelis support Netanyahu and Gaza war, despite rising deaths on both sides

    At home, Prime Minister Benjamin Netanyahu is riding a massive wave of popularity.

  • Takaful
    Value of Saudi Arabia’s Islamic banking assets reaches $285bn

    The Dubai Chamber of Commerce and Industry based on a recent study by Ernst and Young stated that global Islamic banking assets have registered cumulative annual growth rate of about 16 percent during 2008-2012, reflecting the radical shift from conventional financial system in favour of Islamic finance.

  • Labor
    Number of Saudi women employed in private sector doubles

    The number of Saudi women employed in the private sector almost doubled in one year to reach 400,000 last year, an official report has indicated. The meteoric rise from 48,406 women in 2009 to 100,000 in 2011 and 200,000 in 2012 is a clear indication of the success of the ambitious drive by the authorities to find employment opportunities for women in the conservative society that has strongly resisted allowing women to take up jobs in the private sector.

  • BRUSSELS
    EU slashes mobile fees

    BRUSSELS: Surfing the Internet on mobile phones when traveling within the European Union will be 50 percent cheaper from Tuesday under EU-mandated cuts, in time for the summer holiday season. Fees for calls and text messages will also be reduced although not by as much, the EU said. The EU executive has been chipping away at so-called roaming fees since 2007 and charges for browsing the Internet are now more than 80 percent lower. “This huge drop in data roaming prices will make a big difference to all of us this summer,” said Neelie Kroes, the EU telecoms commissioner. Kroes is hoping that all roaming charges, including on calls and text messages, can be eliminated across the 28-country European Union by the end of this year but first needs all EU governments to agree to the European Commission’s proposals for an overhaul of the telecoms market. While there is broad agreement among member states on consumer friendly measures such as the elimination of roaming fees, other aspects including the sale of mobile licenses are still opposed by some governments. The European Commission is keen on being seen to be helping the EU’s 500 million consumers especially at a time when anti-EU sentiment is on the rise in many countries. The timing of the roaming cuts, just ahead of the summer holiday season, is part of its efforts to appear consumer-friendly. The cost of using the Internet in another EU country will fall to a maximum of 20 cents per megabyte, from 45 cents from Tuesday. Making calls across the bloc will cost 19 cents per minute instead of 24 cents, while the cost of receiving calls will fall to 5 cents per minute from 7 cents. Travelers will pay 6 cents to send text messages, down from 8 cents. Consumers will also be able to choose a local mobile provider for data services when traveling in the EU, allowing them to compare various offers.

  • STUDENTS
    Saudi students in US universities contribute $3.2b to US economy

    Peter Davos, Managing Director, Carian College Advisors, said: “The number of KSA students studying in the United States has risen dramatically in recent years, positioning the Kingdom as the fastest growing source of foreign students in the US. Saudis now constitute the fourth largest foreign student population in America, having increased from only 4,000 just a decade ago.”

  • Saudi-Pakistan ties reach new heights with visit

    em Ipsum ist ein einfacher Demo-Text für die Print- und Schriftindustrie. Lorem Ipsum ist in der Industrie bereits der Standard Demo-Text seit 1500, als ein unbekannter Schriftsteller eine Hand voll Wörter nahm und diese durcheinander warf um ein Musterbuch zu erstellen. Es hat nicht nur 5 Jahrhunderte überlebt, sondern auch in Spruch in die elektronische Schriftbearbeitung geschafft (bemerke, nahezu unverändert). Bekannt wurde es 1960, mit dem erscheinen von "Letraset", welches Passagen von

  • IEA says World needs $48 trillion in investment to meet its energy needs to 2035

    em Ipsum ist ein einfacher Demo-Text für die Print- und Schriftindustrie. Lorem Ipsum ist in der Industrie bereits der Standard Demo-Text seit 1500, als ein unbekannter Schriftsteller eine Hand voll Wörter nahm und diese durcheinander warf um ein Musterbuch zu erstellen. Es hat nicht nur 5 Jahrhunderte überlebt, sondern auch in Spruch in die elektronische Schriftbearbeitung geschafft (bemerke, nahezu unverändert). Bekannt wurde es 1960, mit dem erscheinen von "Letraset", welches Passagen von