Industry & Trade

Arabian Travel Market: Diversification drives tourism investment

The centre of the Gulf’s tourism industry is shifting. Geographically, attention is moving from Dubai to Saudi Arabia, where hoteliers are lining up to sign deals and entertainment producers are…

 
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Industry & Trade

Arabian Travel Market: Diversification drives tourism investment

The centre of the Gulf’s tourism industry is shifting. Geographically, attention is moving from Dubai to Saudi Arabia, where hoteliers are lining up to sign deals and entertainment producers are…

 
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Banking & Finance

Saudi cuts sees biggest oil price rally since December

Oil is riding the longest winning streak since December on optimism Saudi Arabia will support an extension to OPEC-led output cuts just as US stockpiles show signs of shrinking. Futures…

 
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Startups

Saudi women make huge leaps in private sector

The number of Saudi women working in the private sector has increased by 130 percent in the last four years, a local study indicates. According to a report in Saudi…

 
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News & Views

Kuwait assures meat consumers about safety

All meat imports reaching the domestic market are subjected to thorough and very careful examination to ensure the products are safe for consumption, a municipal official affirmed on Wednesday. The…

 
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Banking & Finance

Kuwait intends to postpone tax implementation

Unlike Saudi Arabia which is preparing to apply selective tax from April 2017, other GCC countries including Kuwait have not yet decided on the date for implementation of the tax,…

 
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Industry & Trade

Saudi Arabia says GCC firms keen to list on its SME market

Saudi Arabia’s Capital Market Authority (CMA) has received enquiries from companies from the Gulf Cooperation Council considering listing on its new parallel market, Nomu, a senior executive said on Tuesday….

 
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Technology

Kuwait’s Zain in final stages of mobile towers sale

Kuwaiti telecommunications group Zain has reached the final stages of selling its mobile transmitter towers in the country, the company’s vice chairman Bader Nasser al-Kharafi said on Sunday. The company…

 
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Industry & Trade

Second Saudi stock market surges on first day

Stocks surged as Saudi Arabia launched a secondary equity market on Sunday, creating a new opportunity for smaller and family-run firms but restrictions could make achieving high trading volumes and…

 
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Industry & Trade

US oil services firm plans manufacturing hub in Saudi Arabia

US oilfield services and equipment provider McDermott International said on Wednesday it would build a fabrication yard at a shipbuilding complex planned by national oil giant Saudi Aramco on the…

 
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