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Saudi Arabia

Saudi Arabia to create sovereign fund for future generations

Source : Arab News / 31 Dec 2012

The government will allocate SR 200 billion from 2012 budget surplus to implement transport projects inside cities, bringing total spending in 2013 to more than SR 1 trillion, Finance Minister Ibrahim Al-Assaf said yesterday.

“We have not yet finalized the 2012 surplus because of new expenditures and revenues, especially nonoil revenues,” Al-Assaf told Al-Arabiya channel. He said the remaining amount from the surplus of an estimated SR 386 billion would be kept in public reserve.

 

UAE, Saudi, Egypt among top manufacturing states

Source : Trade Arabia / 27 Dec 2012

The UAE, Saudi Arabia and Egypt are among the world’s top 40 most competitive manufacturing nations, according to a new study which highlights the challenges faced by established countries.

The UAE ranking at 30, Saudi Arabia 34, and Egypt 36 in the 2013 Global Manufacturing Competitiveness Index report from Deloitte’s Manufacturing Industry group and the US Council on Competitiveness.

 

Two Saudis invent bone screw from date stones

Source : Arab News | 06 Dec 2012

The European Patent Office (EPO) granted a patent to two Saudis for their invention of a nail ‘screw’ made of natural minerals, including date stones.

The screw is similar in its formation to the structure and composition of bones because it contains carbohydrates, protein, fiber, and minerals.

 

Young Saudis vie with peers for excellence in entrepreneurship

By Rima al-Mikhtar | 09 Nov 2012

Injaz held the sixth annual Injaz Al-Arab Young Entrepreneurs Competition on Tuesday in Doha. Eighteen Saudi students competed with students from all over the Arab world.

 

Ayn Zubaydah flows down memory lane

By : Khalid Khurshid | Arab News | 29 Jun 2012

Ayn Zubaydah has remained a source of supplying water to Makkah and nearby holy sites for the last 1,200 years. It is a masterpiece of engineering and an enduring symbol of the golden era of Arab culture.

 

Singapore’s strength lies in its multiculturalism

By Abdul Hannan Tago | Arab News | Riyadh 30 Apr 2012

Custodian of the Two Holy Mosques King Abdullah has appointed Professor Shih Choon Fong, a Singaporean, to head the King Abdullah University for Science and Technology (KAUST). The appointment of a Singaporean academic is a tribute to his country, where the literacy rate is 96 percent, average life expectancy is 82 years, and the unemployment rate at the end of 2011 was just 2 percent, Singapore’s Ambassador to the Kingdom Wong Kwok Pun said in an exclusive interview with Arab News.

 

Canadian professor finds true religion

By P.K. Abdul Ghafour | ArabNews | 30 Mar 2012

David Roy Woelke, a Canadian English language instructor at King Abdulaziz University, embraced Islam at the World Assembly of Muslim Youth’s (WAMY) headquarters here Wednesday.

 

It’s high time to ban shisha smoking

By Sadiyah Muhandis | ARAB NEWS | 2 Jan 2012

Shisha smoking has become a widespread habit among various sections of Saudi society. A large number of elders are now addicts of Shisha while young adults are very much fond of smoking it. Shisha is being served at most public places, including parks, gardens, and beach cabins, as well as at restaurants and coffee shops.

 

Saudi Arabia, Asia set to dominate sukuk market in 2012

By Mushtak Parker | ARAB NEWS | 1 Jan 2012

Asia and Saudi Arabia are inevitably set to dominate the sukuk market in 2012 with high quality quasi-sovereign issuers taking the lead, especially to fund infrastructure and projects in the oil, gas, petrochemicals and transport sectors.

 

Campaign to make Al-Okhdood a UNESCO site

By Galal Fakkar | Jeddah | Arab News / 24 Nov 2011

Saudi heritage lovers have launched a campaign on social media networks to list Al-Okhdood archaeological city in Najran in the UNESCO World Heritage Sites.

Kingdom's sites Madain Saleh and Diriyah have already been listed.

Al-Okhdood is the site of an ancient city in the southern part of Saudi Arabia, founded in the 6th or 7th century BC.

 
 

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