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27 February 2012

100m-euro investment & commitment make Sanofi a key player in Kingdom

By WALAA HAWARI - ARAB NEWS - RIYADH: Sanofi, the health care giant, is busy building the largest manufacturing facility in Saudi Arabia. “Next year it will rank as the world’s No. 1 pharmaceutical company,” says General Manager Dr. Salah Mousa in this exclusive interview with Arab News.

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26 February 2012

Taif rose farmers expect SR70m bumper season

Saudi Gazette - TAIF – Rose farmers here are expecting profits of about SR70 million this season because of the reduced chance of harvest-damaging frost this year. Rose farmers are waiting for the annual rose picking season, which starts at the beginning of spring and lasts for between 40 and 50 days.

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26 February 2012

Aramco to expand usage of renewable energy in Kingdom

Saudi Gazette - RIYADH – Saudi Aramco is currently seeking to expand its use of renewable energy to shift from being an oil and gas producing company to an integrated international energy and petrochemicals company, according to an official of the company.

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25 February 2012

U.S., Saudi maneuver to contain Iran oil market threat

By Jeff Mason and Matthew Robinson - WASHINGTON/NEW YORK (Reuters) - Saudi Arabia has raised oil exports and the United States is considering releasing crude from its strategic reserves as oil prices hit nine-month highs on Friday and concerns deepened over Iran's nuclear program.

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23 February 2012

Euro debt crisis attracts Mideast hotel investors

Saudi Gazette - JEDDAH - The protracted eurozone debt crisis becomes a window of opportunity for investors in the hospitality business in the Middle East.
A good example was the recent purchase of the prestigious Carlton Hotel in Cannes on the French Riviera, which was sold for 450 million euros to Qatar-based investor Ghanim Bin Saad Al Saad.

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22 February 2012

Minimum salary of Saudi teachers in private schools to be increased

By ARAB NEWS - JEDDAH: The basic salaries of Saudi male and female schoolteachers working in private schools will soon be increased to SR5,600, local Arabic daily Al-Madinah reported Tuesday, quoting the official spokesman of the Human Resources Development Fund (HRDF).

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