Economy

KSA Is Land of Investment Opportunities, Stockholm Commerce Chamber CEO Says

28 May 2016 CEO of Stockholm Chamber of Commerce, Maria Rankka, has lauded the cooperation between the Kingdom of Saudi Arabia and Sweden, and the volume of the economic and trade exchanges, as well as the agreement between the two countries in many views and interests....

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Donald Trump Promises to "Cancel" Paris Climate Deal

27 May 2016 Republican presidential nominee Donald Trump has said he would "cancel" the Paris climate deal in his first major speech on energy policy....

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IMF affirms 2.9-billion-dollar long-term loan to Tunisia

26 May 2016 The International Monetary Fund (IMF) affirmed Thursday a USD 2.9-billion loan in support of Tunisia after positive signs in economic reforms....

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Eurogroup unlocks billions in new Greek loan

25 May 2016 A marathon Eurogroup meeting has resulted in the unlocking of a next loan installment to Greece, netting the country a total of 10.3 billion euros [$11.4 billion]....

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Saudi clinics provide medical services to 2242 refugees at Zaatari camp

20 May 2016 Saudi specialized clinics have provided medical, therapeutic, awareness and preventive services to around 2242 Syrian refugees at Al-Zaatari refugee camp during the week 175th....

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France enters 2nd day of anti-reform protests

18 May 2016 France on Wednesday headed into a second day of anti-government, labour-reform protests, and more disruptions in public transport and road traffic is expected, with fears of more violence....

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Saudi Campaign Distributes 707 Food Baskets for Syrian Refugees in Jordan

13 May 2016 The Saudi national campaign for supporting Syrian brothers has distributed 707 food baskets to the Syrian families in Jordan....

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Nissan to take 34% stake in Mitsubishi Motors

12 May 2016 Nissan has agreed to buy a 34 per cent stake in Mitsubishi Motors, as its smaller Japanese rival seeks outside capital to survive a scandal over inflated fuel economy data....

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Deputy Crown Prince chairs meeting of Council of Economic Affairs and Development

09 May 2016 Presided over by its chairman Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense, the Economic and Development Affairs Council held a meeting at Al-Yamamah palace in Riyadh this evening....

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King Salman Replaces Minister of Petroleum, Central Bank Governor in Major Reorganization

07 May 2016 The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud issued a royal order today, relieving Eng. Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, of his post....

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