RIYADH: Analysts recently predicted that Saudi Arabia’s spending on information and communication technologies (ICT) will top the $36 billion (SR135 billion) mark this year, driven in part by a...
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Kuwait’s Global secures bond repayment delay approval

DUBAI: Kuwait’s Global Investment House has secured approval from bondholders to delay the repayment of bonds worth 95 million dinars ($ 338.9 million) to December from June, a regulatory filing from

Samsung fights Apple move to block Galaxy sales

SEOUL, South Korea: Samsung Electronics Co.

New Khafji institute to boost petroleum industry

A new institute has been established in Khafji to train Saudis to take up important positions in the oil industry.

Mega Jeddah project’s progress reviewed

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Jeddah’s Kingdom Tower investors at a dinner reception he hosted in their honor in Riyadh.

SABIC explores Ecuador opportunities

A ministerial delegation from Ecuador discussed with SABIC Vice Chairman and CEO Mohamed Al-Mady a variety of topics concerning areas of cooperation and Ecuador’s strong interest in creating a closer

Sharjah to expand business, tourism facilities

Sharjah Investment and Development Authority (Shurooq), a body that works to speed up the development of business and tourism facilities in Sharjah met trade delegations from Malaysia, Hong Kong and t

GCC industrial research moving forward

A GCC study on the industrial development of the region was released in Qatar yesterday, with the support of Qatar’s Energy and Industry Minister Mohammed Al-Sadah and in the presence of deputy minist

Gulf Capital to invest SR 1 bn in Kingdom’s property market

Abu Dhabi’s Gulf Capital will enter Saudi Arabia’s real estate market with an SR 1 billion investment plan to tap growing demand for residential property in the Kingdom, the private equity firm said.

Maaden careers beckon new Saudi graduates

Saudi Arabian Mining Company (Maaden) recently joined a forum on the nationalization of jobs (Liqaat) which was held at Dhahran International Exhibition Center (DIEC) in the Eastern Province.

GDP grows 5.94% in 1st quarter

Saudi Arabia's gross domestic product grew 5.94 percent in the first quarter of this year compared to the same period a year ago, the General Statistics Department said yesterday in a report.

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