Saudi Arabia kick-starts $50bn renewable energy plan

Saudi Arabia has invited investors to submit requests to qualify for the first round of its $30-$50 billion National Renewable Energy Programme by March...

Foster’s showcases Mecca hotel proposals

Practice says luxury development inspired by traditional Arab architecture Foster & Partners has revealed images of its competition-winning proposals for a luxury hotel and serviced-apartment...

Saudi Binladin seeks extension on SAR10 billion Grand Mosque financing

Saudi Binladin Group (SBG) is negotiating with banks an extension of up to two years on a 10 billion riyal ($2.7 billion) Islamic credit...

Can Saudi Arabia Survive With Oil Below $60?

With the OPEC production deal holding, at least for the moment, questions have now arisen over how prospects look for the cartel’s biggest producer....

Hyundai offers soft financing for Cairo metro line

South Korea's Hyundai Rotem has entered into a soft financing agreement with the Egyptian Transport Ministry for the development of the Cairo Metro network,...

Some banks baulk at pricing of Dubai’s metro loan

Some banks are baulking at participating in funding an extension of Dubai's metro because the proposed pricing, they say, does not reflect banks' higher...

Stalled flyover project cuts off residents of Makkah district

MAKKAH – The construction of a flyover in Makkah has cut off Nawariya residents, who now have to travel four kilometers to get across...

HyperPanda opens its second store in Makkah

PANDA Retail Company has enhanced its presence in Makkah City with the opening of its second HyperPanda store last Jan. 16 at Ibrahim Al-Khalil...

Haj Metro was on track last season, report finds

MAKKAH: Some 311,000 pilgrims used the Haj Metro last season, with zero technical malfunctions and a high level of satisfaction with the system, an...

Saudi govt could shelve $13.3bln in projects in 2017- report

DUBAI, Jan 17 (TRPN) - At least $13.3 billion of government projects are at risk of being cancelled in Saudi Arabia this year due...

IMF cuts Saudi Arabia’s growth forecast on lower oil output

The International Monetary Fund (IMF) on Monday lowered its growth outlook for Saudi Arabia on back of lower oil production and capital spending. In its...

Saudi Arabia’s strict religious rules cost its economy tens of billions...

When I lived and worked in Saudi Arabia as a lawyer from 2010 to 2012, I spent a lot of time waiting outside restaurants. Not...

ASELSAN to operate in Saudi Arabia

In partnership with Saudi Technology Development and Investment Company (TAQNIA DST), Turkey's ASELSAN (Military Electronics Industries) have established SADEC LLC (Saudi Defense Electronics Company),...

South Korea’s Hyundai Rotem offers soft financing for Cairo metro line

South Korean Hyundai Rotem, part of the Hyundai Motor Group, is offering the Egyptian government a soft financing designated to purchase 64 new trains...

Saudi Arabian Airlines budget unit Flyadeal to fly leased Airbus A320s

Saudi Arabian Airlines’ budget carrier Flyadeal will lease six Airbus A320s, an Airbus executive said on Monday, a sign that the European planemaker might...

General (retd) Raheel Sharif arrives in Makkah

MAKKAH: Former army chief General (retd) Raheel Sharif was due to arrive in Makkah to perform Umrah on Monday, according to reports. Gen Sharif, who...

Makkah governor inaugurates SR1.2bn worth of development projects

EDDAH: Prince Khaled Al-Fasial, governor of Makkah and adviser to King Salman, inaugurated development projects worth almost SR1.2 billion ($320 million) during his visit...

Makkah crane crash operators lacked basic skills

Human error was allegedly to blame for the crane that fell and killed more than 100 people in Saudi Arabia ahead of the hajj...

Greenville artist among mecca of culture ‘hidden’ in Greenville

Michael Del Priore is known around the country for his portrait paintings of prominent people – members of Congress, Supreme Court justices, physicians, educators...

Mecca metro contract awards expected in 2016

Contracting bids for the first phase of the Mecca metro project have been technically and financially evaluated, Abdullah al-Marshad, deputy CEO of the Makkah...