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Eye of Riyadh

ARGAS lays foundations for a successful future
Business & Money | Saturday 5 March, 2016 5:04 am
ARGAS, the Arabian Geophysical and Surveying Company, recently celebrated its first 50 years of success with an eye firmly on the future, as it laid the cornerstone of its new Center for Research and Development in the Dhahran Techno Valley, in the Eastern Province of Saudi Arabia. The ceremony...
Saudi housing sector in transitional phase
Business & Money | Friday 4 March, 2016 10:28 am
Saudi Arabia’s housing sector is currently in a transitional phase due to changes in the mortgage law and taxes, industry experts said at Jeddah Economic Forum (JEF) 2016 on Thursday.  Speakers at a panel discussion on housing at the forum said they are anticipating the market dynamics...
Housing Ministry, GACA sign cooperative pact
Business & Money | Friday 4 March, 2016 10:19 am
The Ministry of Housing and the General Authority of Civil Aviation (GACA) have signed a Memorandum of Understanding (MOU) for increasing cooperation between the two entities. The agreement for joint cooperation was signed on Thursday between Housing Minister Majed Al-Hogail and GACA President...
KSA marks World Wildlife Day
Business & Money | Friday 4 March, 2016 10:00 am
Saudi Arabia joined the rest of world in observing the United Nation’s World Wildlife Day on Thursday to foster awareness among citizens and residents to protect and conserve biodiversity. World Wildlife Day is observed every year on March 3 to celebrate and raise awareness of the...
Turkey open to further investments from Saudi Arabia, says ŞimŞek
Business & Money | Thursday 3 March, 2016 7:34 am
Saudis are now investing $15 billion in Turkey, said Turkish Deputy Prime Minister Mehmet Şimşek, adding that they are seeking to double this amount in the near future. The major investment sectors are power, telecommunications and real estate, with the former adding up to $6 billion investment....
JEF 2016: Saudi economic reforms drive ‘impressive’
Business & Money | Thursday 3 March, 2016 7:31 am
Saudi Arabia’s economic reform program, with its emphasis on encouraging private sector investment, is on the right track to achieve diversified growth. This was the view of most of the speakers and delegates at Jeddah Economic Forum 2016 on Wednesday. “Saudi Arabia needs to develop...
 ARGAS celebrates its golden jubilee and lays the foundations for a successful future
Business & Money | Thursday 3 March, 2016 6:48 am
ARGAS, the Arabian Geophysical and Surveying Company, today celebrated its first 50 years of success with an eye firmly on the future, as it laid the cornerstone of its new Center for Research and Development in the Dhahran Techno Valley, in the Eastern Province of Saudi Arabia.   The...
Western Auto opens spare parts facility in Dammam
Business & Money | Wednesday 2 March, 2016 9:55 am
Western Auto Company Ltd, one of the flagship companies in the renowned ETA Star Group of companies, added another feather to the cap by formally opening the new warehouse facility for the spare parts division in Dammam. Mohammed Khurshid Al Buhmail, Chairman – Arja Al Khaleej Trading...
JEF opens with focus on economic diversification
Business & Money | Wednesday 2 March, 2016 9:50 am
The Jeddah Economic Forum (JEF) was inaugurated on Tuesday night, with Makkah Gov. Prince Khaled Al-Faisal calling for purposeful discussion on public-private partnerships as key to further economic progress. Deputy Prime Minister of Turkey Mehmet Simsek, speaking on the occasion, said that after...
Shoura OKs national housing plan
Government | Wednesday 2 March, 2016 9:22 am
The Shoura Council has approved a national plan to help widows, orphans and people with special needs find housing facilities in the Kingdom.  Various social service organizations in the Kingdom had been demanding that the government provide accommodation to those who cannot afford...
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