Latest Saudi News

Saudi Arabia: Saudi Stock market continued its positive drive

The Saudi stock market continued its positive drive for the third consecutive week, witnessing the long-term upward trend last week.

Growth prospects as a result of Capital Market Authority's (CMA’s) decision of market opening to direct foreign investment in June tended to attract a pack of investors.

A considerable amount of volume two billion shares exchanged hands on the Saudi stock market, a weekly growth of 30.7 percent.

Bulls continued to pump more and more liquidity, which rose to a significant level of SR56.1 billion, up 41.7 percent over the previous week.

The benchmark Tadawul All-Share Index set out with a highest one-day settle (four percent) of the year, which remained almost intact. The index logged a weekly gain of 3.93 percent or 363.4 points to finish at 9,614.61.

Saudi Arabia: The Saudi International Exhibition for Furniture 2015

The 23rd edition of Saudi International Exhibition for Furniture and Interior Design will be held from April 29 to May 5. 

"The event showcases modern and exclusive products offered for the first time by international companies before bringing them to the local market. It aims to survey the visitors’ opinions on the products, and attract local investors,"

Saudi Arabia: To remain dominant in GCC construction market

Saudi Arabia is likely to remain the dominant construction market in the GCC for the foreseeable future, with an estimated $200 billion spend in construction planned over the next two years and much more in the pipeline, according to a report.

There are currently more than $2 trillion worth projects in GCC countries, with 60

Saudi Arabia: 242 Graduates, post-graduates ready contribute to the Kingdom’s economy

Caption: The Batch of Master class of UBT on their graduation cermoney 2015. 242 students of University of Business and Technology (UBT) received their graduation diplomas of Bachelors and Masters on Wednesday as students of 2014 -2015 and who are ready to join the Saudi labor market to contribute in the economy of the country.

A total of 242 female graduates and post-graduates are ready to join the labor market and contribute to the Kingdom’s economy.

Saudi Arabia: Marks World Heritage Day in Tabuk

Emir of Tabuk Prince Fahd Bin Sultan; Prince Sultan Bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA); and other dignitaries at the event marking World Heritage Day in Tabuk on Monday. — SPA

TABUK— Saudi Arabia observed World Heritage Day at a special function in Tabuk on Monday.Emir of Tabuk Prince Fahd Bin Sultan and Prince Sultan Bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA), attended the function that was jointly organized by the local STCA branch and Tabuk University.