Economy

Work on the Kingdom Tower in Jeddah is now above the ground and construction is moving at an accelerated pace, a top official announced on Wednesday.“The tower will be ahead of any other high-rise...
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Maaden backs key project

Saturday 8 February 2014
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Kingdom ‘makes up 43% of Hyundai sales in region’

Tom Lee, head of Hyundai Middle East, confirmed in an exclusive interview with Arab News that the Saudi market is the largest for Hyundai in the Middle East and Africa, accounting for 43.6 percent



Nissan launches special version of the New Micra

• NISSAN has launched a new special version of the New Micra — called the Limited Edition.



Chinese companies strive to charm American market

Chinese cars companies are well known in emerging markets as far apart as Latin America and Russia; however, they are yet to make their presence felt in the American market.



BMW scores 18% rise in Saudi sales in 2013

An 18 percent increase in sales by BMW and MINI in 2013 maintained Saudi Arabia as the second largest market for the brand in the region in terms of volume of cars sold.



Toyota keeps top slot in global car sales

Toyota retained its number one slot in global car sales in 2013 after it sold 9.98 million cars worldwide, 270,000 more than its closest rival — US General Motors.



Saudi Arabia-Turkey trade reaches $8bn

Turkey is a safe place for investment despite the current economic and political atmosphere, a Turkish official confirmed.



HTC, Nokia reach settlement on patent lawsuits

TAIPEI: Taiwan’s smartphone maker HTC said it has signed a patent and technology collaboration agreement with Finnish phone giant Nokia to end all pending patent litigation between them.



Saudi investments in Sudan to hit SR30bn

The volume of trade exchange between Saudi Arabia and Sudan reached more than $ 4 billion dollars, and poised to hit $8 billion (SR30 billion), particularly after the first appearance of many new inve



Will US stock buyers beat back the bear?

NEW YORK: After the S&P 500’s first weekly gain in a month, investors will see next week whether the US stock market’s rally of the last two days is the shape of better things to come — or i

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