Business & Money | Thursday 9 April, 2015 3:54 pm

Saudi Arabia full year average crude production 9.8 mbpd in 2015

The widening of global oil surplus to 2 million barrels per day (mbpd) led to Brent prices dropping by 29 percent, quarter-on- quarter, to $54 per barrel in Q1 2015. Oil markets will continue to see large surpluses in Q2 & Q3 2015. That’s with regard to oil prices. In addition, slower shale oil...

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Business & Money | Thursday 9 April, 2015 3:22 pm

Hiring in the creative and media industry in Saudi Arabia is booming

The Monster Employment Index is a monthly gauge of online job posting activity in Middle-East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. The Index does not reflect the trend ...

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Cars & Autos | Thursday 9 April, 2015 8:10 am

Self-Driving cars: When Will they Make It To Saudi Arabia?

Rapid motorisation in the region over the past few decades has lead to high amounts of congestion on the roads and higher rates of accidents per day. While several solutions have been tried and tested, including widening highways and public awareness campaigns, a new fix may soon be part of the...

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Business & Money | Wednesday 8 April, 2015 3:32 pm

Foreign investments in KSA grow by five times over last decade to reach SAR 1,050 billion

The Saudi Arabian General Investment Authority (SAGIA) has recently released a report showing that the Kingdom of Saudi Arabia’s (KSA) foreign investments have grown by five times over the last ten years, resulting in over SAR 1,050 billion worth of investments across various industry verticals...

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Business & Money | Tuesday 7 April, 2015 2:56 pm

The Saudi Market is one of the most profitable and rapidly growing retail markets in the world

Riyadh the economically and socially vibrant core of the Kingdom of Saudi Arabia gathers the largest, most important and most affluent shopping destinations. However, when the people seek luxurious entertainment mixed with the world's most prestigious brands, shopping centers are the primary...

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Business & Money | Monday 6 April, 2015 12:59 pm

Trust Re’s 2014 Results Show Gross Written Premium up 13.7%

In a trading environment characterised by softening conditions, Trust Re achieved Gross Written Premium of US$ 452.6 million during the financial year 2014, representing robust growth of 13.7% compared to the previous reporting period (2013: US$ 398.0 million).The Group’s profits remained...

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Beauty & Style | Sunday 5 April, 2015 3:10 pm

One man’s aroma could be another man’s stench

We’ve all been there: You fall in love with a fragrance your friend is wearing and you instantly buy the same. Only to discover that it smells different on you and doesn’t quite have that charm that captivated you in the first place.It’s all about science and body chemistry. Everything, from...

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Business & Money | Monday 23 March, 2015 5:59 pm

Precious metals enjoy boost from dovish FOMC

Head of Commodity Strategy at Saxo Bank Ole Sloth HansenThe Federal Open Market Committee meeting on Wednesday was the highlight of this week. A lot of attention is currently being given to the US Federal Reserve as speculation about when and by how much it will raise its official Fed Funds rates....

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Business & Money | Wednesday 18 March, 2015 12:11 am

THE RICHEST REAL ESTATE TYCOONS IN THE MIDDLE EAST

Behind the projects that made the region’s property billionaires richSaudi Arabia’s Alwaleed Bin Talal Alsaud is the Middle East’s richest real estate tycoon, according to the 2015 Forbes Billionaires List. A member of the Saudi royal family, he is one of three businessmen from the region...

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Environment & Energy | Monday 16 March, 2015 12:00 am

US supply and potential Iran deal have Crude back on the run

Head of Commodity Strategy at Saxo Bank Ole Sloth HansenThe rising dollar has become one of the most watched features and one the biggest drivers across most asset classes. During the past month the Greenback has rallied by almost 5% against a basket of 10 leading global currencies, as improved US...

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