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Saudi Arabia

FEATURED REPORT...
Posted: 03-08-2011
SAUDI ARABIA. CB Richard Ellis released today the latest MarketView for the Kingdom of Saudi Arabia. OVERVIEWKing Abdullah’s recent pledge to spend 30% of the Kingdom’s annual economic output (approximately US$130 billion) on mass housing, job creation and training, unemployment benefits and a raft of other social and economic measures has been welcomed with great enthusiasm. However, as the supply and demand gap continues to widen in the housing sector, affordability remains the key deterrent for home ownership amongst Saudi nationals. Saudi Arabia has the largest re
Posted: May 14, 2013
SAUDI ARABIA. The health ministry said one of the four new cases had been treated and the patient had been released from hospital, while the three other new cases were still being treated.
Posted: May 14, 2013
KUWAIT. OPEC held its forecast for growth in world demand unchanged at 0.80 million bpd, and repeated a warning that the rate of oil consumption could underperform.
Posted: May 13, 2013
UAE. Banking system is sound and has fully recovered from the spillovers of the global financial crisis; Gross foreign assets to exceed US$2.5 trillion by end-2013, reinforcing economic resilience if oil prices drop.
Posted: May 13, 2013
SAUDI ARABIA. "If oil discovery in one single Saudi well had changed the world map, then why can't modern-day technologies change the course of the oil industry in seven years to extract the shale oil?"
Posted: May 13, 2013
INTERNATIONAL. While Western companies struggle to develop and communicate their own ethical codes of conduct, Saudi companies are already working within a specific cultural and religious environment that permeates all of society, including business.
Posted: May 13, 2013
UAE. In a region where there is an acute deficit in terms of infrastructure, all eyes are back on governments and how they propose to manage their spending, says Deloitte Middle East's GCC Powers of Construction Report.
Posted: May 10, 2013
SAUDI ARABIA. New supplies are welcome. They will add depth and, I hope, greater stability to world markets," Saudi Oil Minister Ali Al-Naimi said.
Posted: May 10, 2013
UAE. More and more KSA and UAE travellers using mobile and video for travel decisions; survey results indicate greater investment in online capabilities needed to develop opportunities and convert to bookings
Posted: May 10, 2013
SAUDI ARABIA. Saudi Health 2013 to open on May 12 at Riyadh International Convention and Exhibition Centre.
Posted: May 8, 2013
SAUDI ARABIA. An international team of physicists, led by King Abdullah University of Science and Technology (KAUST), Saudi Arabia, has demonstrated that chaos can beat order - at least as far as light storage is concerned.
Posted: May 7, 2013
SAUDI ARABIA. Some analysts have expressed optimism that a unified Gulf currency will strengthen the region's bargaining power with its trading partners worldwide.
Posted: May 6, 2013
UAE. Total number of transactions went up by 20%year on year; Saudi Arabia visitors spend US$420 million on Visa cards in UAE in 2012.
Posted: May 6, 2013
SAUDI ARABIA. Saudi Arabia raised crude output in April to the highest in five months while making little change in the total amount it supplied to foreign and local markets.
Posted: May 4, 2013
INTERNATIONAL. first area of joint work is an initiative to boost employment through trade reforms.
Posted: May 2, 2013
SAUDI ARABIA. Five Saudis have died of a new SARS-like virus during the past few days and two more are being treated in an intensive care unit, the health ministry said.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 24, 2013
INTERNATIONAL. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play.
date:Posted: May 23, 2013
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
date:Posted: May 23, 2013
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.



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