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#191
24-05-11, 04:48 PM
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Saudi bans shops from using holy names
The Saudi trade ministry has decided to ban shop owners from using holy names for purely commercial purposes, Saudi Gazette has reported. The ministry instructed all its branches and agencies not to register any commercial firm bearing a holy name such as "Two Holy Mosques", "Makkah Al-Mukarrama" and "Al-Madina Al-Manawwara." Source: AME info
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#192
24-05-11, 04:58 PM
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Aecom wins $171 million Saudi flood contract US-based Aecom has been signed a SR642m ($171m) contract with the Saudi government for infrastructure works in Jeddah to provide "urgent and permanent solutions" to the threat of floods, Saudi Gazette has reported. Under the three-year contract, the American firm is to focus on the "necessary works to protect from flooding with dams and barriers in all the region's valleys and drainage channels in the city, including unplanned residential districts." Source: AME info
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#193
26-05-11, 12:06 AM
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Saudi Arabia: SIDF lends SR 906 million to 14 projects
RIYADH: The Saudi Industrial Development Fund (SIDF) has approved loans of SR906 million to 14 industrial projects. The total investment value of the projects is SR2.5 billion. Ali Bin Abdullah Al-Ayed, Acting Director General of the Fund, said in a statement Monday that the 14 loans were granted to establish 10 new projects and expand four existing ones. Six loans worth SR665 million were given to the chemical industries sector where investments are valued at SR1 billion. The six loans were allocated to establish three new projects and expand three existing ones. One of the new projects will be a Saudi-Korean investment project to produce poly-silicon in Jubail; the second to produce polypropylene pipes and other products in Riyadh; and the third to produce polystyrene boxes and polyethylene pipes in Al-Jouf. Four loans totaling SR151 million were granted to the construction materials sector where investments amount to SR331 million. They include a project to produce concrete in Makkah, one to produce glass in Riyadh, one in Al-Jouf and another in Yanbu to produce plaster. The SIDF also approved two loans totaling SR43 million for the engineering industries sector and one loan worth SR98 million for consumer product industries. Source: Saudi Gazette
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#194
26-05-11, 12:53 AM
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Thanks a lot
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#195
26-05-11, 11:35 AM
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You are mostly welcome any time and thanks a lot also for your passing
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#196
26-05-11, 11:37 AM
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Nonoil private sector remains strong in Saudi Arabia
RIYADH: Business activity in Saudi Arabia's nonoil private sector made gains in April, said a survey. Companies also stepped up recruitments in April in order to keep up with rising business requirements, according to the monthly report issued by the Saudi British Bank (SABB) and HSBC. The report highlights the results of the headline SABB Saudi Arabia Purchasing Managers' Index (PMI) for April 2011. It reflects the economic performance of Saudi nonoil producing private sector companies and establishments through the monitoring of a number of variables, including output, new orders, exports, input prices, output prices, quantity of purchases, stocks and employment. There was little evidence that political problems in other parts of the Middle East were significantly affecting the performance of Saudi Arabia's nonoil private sector economy at the start of Q2. Although rates of expansion in output and new business slowed since March, they remained above their respective series trends. Firms demonstrated their confidence in current and future business conditions by taking on new staff and stock building. The survey, however, said input price inflation accelerated to a series record high and global instabilities contributed to rising purchasing costs. Almost unmoved from March's reading of 62.8, the headline PMI posted 62.7 in April. Although it was the lowest for four months, the latest reading was still above the series trend and signaled another marked improvement in operating conditions across the Kingdom's nonoil private sector. New business rose strongly during the latest survey period, albeit at a slightly weaker rate. Respondents commented on improved economic conditions and more business from the government. Data suggested that the domestic market remained the main driver of new order growth. To accommodate gains in new business, Saudi nonoil private sector firms raised output during April. However, the rate of growth was the mildest for six months. By company size, large firms posted a sharper increase in activity than small and medium enterprises (SMEs). A combination of greater market demand, pipeline delays due to the crisis in Japan and backlogs at the country's ports led to a faster build up of outstanding business at Saudi nonoil private sector firms in April. The rate of accumulation was a joint-series record as a result. Companies raised both employment and purchases in April in order to keep up with rising business requirements. Job creation was the most marked since December 2009, while buying activity increased at a similar pace to that recorded in March. Average vendor performance continued to improve in April, albeit at the weakest rate in the survey history. Panel members indicated that the slowdown reflected supply disruptions from the Japan crisis and delays at customs. As a result of higher input acquisitions, input stocks at Saudi Arabian nonoil private sector firms accumulated at a steeper pace. Panelists stated that holdings were increased partly in expectation of future new order growth and also to safeguard against supply disruptions. Purchasing price inflation accelerated to a joint-series record high during April, pushed up by rising raw material and fuel costs. Firms stated that unfavorable exchange rates and political instabilities in the Middle East and North Africa region contributed to higher commodity prices. Staff cost inflation also picked up on the month. Overall input costs rose fastest at large companies. To protect profit margins from rising input costs, firms increased their tariffs in April. Charge inflation was the sharpest for almost a year. Source: Arab News
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#197
26-05-11, 11:39 AM
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Al Tayyar Travel Group launches the first mobile application for flight booking in the launch of a flight booking iPhone application in the Middle east
Al Tayyar Travel Group, one of the largest travel and tourism companies in the Kingdom of Saudi Arabia, announced today the launch of a flight booking iPhone application in the Middle East, as part of their activities during the "Arabian Travel Market" 2011, in collaboration with "Amadeus" and "2Share". Al Tayyar Travel Group considers the ATM a special platform and an ideal opportunity to interact and acquaint their customers with the variety of services provided, for companies and individuals. The new booking service through the iPhone is a response to the aspirations of the Arab market, which is always looking for new services and keeping up with the latest international technological developments as well as the latest services at the world travel market. Dr. Fahad Al-Jarboa, Chief Executive Officer of "Al Tayyar Travel Group", said: "We are delighted to launch this new service which will make booking easier, saving time and effort. The cooperation with "2Share" and "Amadeus" is a part of our strategy to provide the highest quality of services and to meet the comfort and well-being of our customers. We made the booking service a pleasure with introducing the latest innovative solutions exclusively for our customers in the Middle East, to give them this sense of special excellence." Eng. Mansour Al Obaid, 2Share CEO, also commented saying: "2Share believes that the technology should be reflected directly to the community and end users. We are delighted to share our technology with a partner such as "Al Tayyar Travel Group", as they are the ideal partner for such applications due to their strong network and infrastructure as well as their wide and diverse customer database. Mr. Nashat Bukhari, General Manager of Amadeus Saudi Arabia added: "2ShareTravel app. for iPhone is the first of its kind in the Kingdom of Saudi Arabia which is powered by the Amadeus web services technology. This Amadeus pioneered technology solution provides the leverage to travel agents to improve their sales, diversify their customer portfolio and increase their work efficiency." Al Tayyar Travel Group offers a full spectrum of services such as cargo services, car rental, insurance, hotel services as well as all travel and tourism within the Kingdom and abroad. Al Tayyar Travel Group has been able to achieve success due to their presence in all regions of the Kingdom and the uniqueness of their services also because they respect and have the trust of their customers while always striving to provide them with the highest standards of quality and service. Source: Ame info
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#198
26-05-11, 11:41 AM
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HMH Consolidates its Grip on KSA with more keys in the Kingdom
HMH - Hospitality Management Holdings continues its exponential growth in Saudi Arabia with successful completion of seven hotels scheduled to open shortly. The upcoming hotels represent three of the group's four brands serving luxury and mid market segments and will increase the existing HMH inventory of rooms in KSA by nearly 44%. Michel Noblet, President & CEO, HMH, said, "The new hotels will give us greater access to the Saudi market that is growing quickly as demand for rooms soars. STR Global's February 2011 report for KSA revealed a significant increase in occupancy and RevPAR in the country. Overall, Saudi Arabia saw occupancy rates rise by more than nine per cent, ADR rates increase by nearly 10 per cent and RevPAR soar by nearly 20 per cent. Our new properties are ideally placed to take advantage of this growth and are an excellent representation of our brands offering world-class business and leisure facilities". HMH has enjoyed roaring success in KSA ever since it stepped into the country with the opening of its first property Coral International Hotel - Al Khobar in 2007. Despite the recent economic and political turmoil, the group's growth remains strong in the country as well as the region. Michel said, "We have continued to execute our expansion strategy in the region irrespective of the difficult times. The bottom line is you need to know how to market your hotels, and that is the only way to be successful in today's challenging business environment." Michel believes the new hotels will further raise the bar for HMH brands in the Kingdom. The hotels lined up for opening include the following and will add 658 additional keys to the existing 669 units operated by HMH in KSA - thus more than doubling the group's inventory of rooms in the country. Source: Zawya
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#199
26-05-11, 11:56 AM
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NCB: the public and private sectors projects in the Kingdom provide opportunities
It was recently mentioned in the news and attributed to the National Commercial Bank that the Kingdom of Saudi Arabia plans to invest 600 billion dollars in Turkey over the next twenty years. To rectify this, the figure cited represents the total size of projects to be implemented in the Kingdom in the coming years by both the public and private sectors. These are expected to present investment opportunities for local as well as foreign companies, including the Turkish economic sectors, particularly in the fields of construction and export. Source: Zawya
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#200
26-05-11, 11:57 AM
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Flydubai starts Riyadh, Jeddah services
DUBAI — Low-cost carrier flydubai has inaugurated two new key routes to the Kingdom of Saudi Arabia, with flights to Riyadh and Jeddah. The new destinations supplement flydubai’s existing network to the country, which includes flights to Gassim, Yanbu and Abha. Flight FZ833, scheduled to fly four times a week to Jeddah, landed at King Abdulaziz International Airport following its departure from Dubai’s Terminal 2. Daily flight FZ847 to Riyadh, meanwhile, touched down at Riyadh’s King Khalid International Airport a short time later. "I would like to thank the Saudi authorities for their assistance and dedication in helping to get these new routes off the ground. Saudi has long been a focal point for flydubai so we are delighted to add Riyadh and Jeddah to our growing list of destinations," flydubai CEO Ghaith Al Ghaith said. A one-way fare to Riyadh from Dubai starts at Dh450, with flights to Jeddah from Dh570. These include one piece of hand luggage weighing up to 7kg and one small laptop bag or hand bag. Fares from Riyadh to Dubai, meanwhile, are priced from Dh410, with flights from Jeddah to Dubai starting at Dh530. Checked baggage starts at Dh50 for 20kgs. A seat with extra legroom costs Dh100. Source: Khaleej Times
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