Saudi Arabia’s Energy Minister Khalid al-Falih said that the Gulf region can claim only two percent of the world’s $4 trillion a year in chemicals revenue, including all the branches of downstream value addition despite its commodity leadership position in oil and gas leadership and production.
He said that this is largely due to the Gulf’s limited position in higherRead more
Saudi Foreign Minister Adel Al Jubeir said Friday that Iran remains "the main sponsor of global terrorism", calling on Tehran to halt its support to terror and stop targeting stability of the region.
Al Jubeir, in remarks to Sky News, accused Iran of storming embassies and assassinating diplomats in violation of international law.
He also said that Iran tries toRead more
The US government has approved the sale to Saudi Arabia of the advanced Terminal High Altitude Area Defense (THAAD) missile defense system for $15 billion, the State Department said Friday.
"This sale furthers US national security and foreign policy interests, and supports the long-term security of Saudi Arabia and the Gulf region in the face of Iranian and other regionalRead more
Qatar Airways remains the only major airline in the Gulf region still subject to the ongoing enforcement of the US government’s “gadget ban” in flight cabins.
The US Department of Homeland Security has started lifting the restriction of electronic items inside the cabins of airplanes taking off from 10 airports in the Gulf, Middle East and North Africa, after securityRead more
Bader El-Houssami has joined Nissan Saudi Arabia as CEO effective July 1. Based in Jeddah, Bader takes over responsibility for Nissan’s day-to-day operational functions as the company continues to consolidate its robust position within the Kingdom’s fiercely competitive automotive market.
A graduate in Business Studies specialising in Marketing from Beirut University College in his native Lebanon, 48-year-old Bader has anRead more
Amid a raging diplomatic crisis in the Gulf region, the Philippine government on Tuesday stopped Filipinos from traveling to Qatar, fearing food riots and other potential problems.
Labor Secretary Silvestre Bello said the suspension order would remain in place until the Philippine Department of Foreign Affairs (DFA) deems it safe for Filipino workers to return to Qatar.
“Effective today, theRead more
There is an ever-growing demand for halal food products given the steady growth of Muslim population across the world. The halal market is currently worth 16 percent of the entire global food industry and is predicted to rise to 20 percent in the near future.
Customers do not have to look very far in the Gulf region to find AustralianRead more
The US on Saturday announced military deals worth nearly $110 billion with Saudi Arabia, during a visit by President Donald Trump to Riyadh.
The move was billed as “a significant expansion of the more than seven-decade long security relationship between the United States and Saudi Arabia,” according to a US State Department statement.
Trump and Secretary Tillerson attended a signingRead more
U.S President Donald Trump expressed his aspirations to improve his relations with different countries of Gulf region, stressing the need for correcting the mistakes committed by the former administration of Barak Obama. He stressed that the U.S will not accept the Iranian role to interfere in the internal affairs of the region’s countries, including Bahrain.
US President Donald Trump saidRead more
Dar Wa Emaar Real Estate Investment & Development Company was presented with the Best Real Estate Project (Affordable Housing) award by Sultan Butti bin Mejren, director general of Dubai Land Department at the region’s first Gulf Real Estate Awards, on April 17. The largest real estate gathering in the region was attended by 300 real estate leaders.
Dar Wa EmaarRead more