Saudi Arabia (i/ˌsɔːdiːəˈreɪbiə/, i/ˌsaʊ-/), officially known as the Kingdom of Saudi Arabia (KSA), is an Arab state in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000km2 (830,000sqmi), Saudi Arabia is geographically the second-largest state in the Arab world after Algeria. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south. It is the only nation with both a Red Sea coast and a Persian Gulf coast, and most of its terrain consists of arid inhospitable desert or barren landforms.
The area of modern-day Saudi Arabia formerly consisted of four distinct regions: Hejaz, Najd, and parts of Eastern Arabia (Al-Ahsa) and Southern Arabia ('Asir). The Kingdom of Saudi Arabia was founded in 1932 by Ibn Saud. He united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud. The country has since been an absolute monarchy, effectively a hereditary dictatorship governed along Islamic lines. The ultra-conservative Wahhabism religious movement within Sunni Islam has been called "the predominant feature of Saudi culture", with its global spreading largely financed by the oil and gas trade. Saudi Arabia is sometimes called "the Land of the Two Holy Mosques" in reference to Al-Masjid al-Haram (in Mecca), and Al-Masjid an-Nabawi (in Medina), the two holiest places in Islam. The Kingdom has a total population of 28.7 million, of which 20 million are Saudi nationals and 8 million are foreigners.
Huawei Tech Investment SaudiArabia has launched its innovative range of SuperDeviceSmartOffice products comprising the new 12.6-inch Huawei MatePad Pro, Huawei MatePad, Huawei MateView, Huawei MateView GT, Huawei FreeBuds 4 and the upcoming Huawei Watch 3 I 3 Pro ...Bill Yu, vice president of Huawei Tech Investment Saudi Arabia.
"Our core assumption was that a longer-term deal would be secured, and we raise our 2022 forecasts on the back of the baseline adjustments, which will enable the UAE, Kuwait and SaudiArabia to raise oil output and their global market share from May 2022," said Monica Malik, chief economist at Abu Dhabi Commercial Bank.
SaudiArabia's Telecom ICT infrastructure market stood at $1,542.32 million in 2020 and is forecast to grow at a CAGR (compound annual growth rate) of 9.01 percent until 2030, according to a report published by TechSci Research, a leading global market research firm.
SaudiArabia saw 17,000 foreigners leave the labour market during the first quarter, compared to 137,000 between the third and fourth quarters of last year, a decline of more than 87 per cent, local media reported ... year as the lowest rate of labour market departures in a year.
"But more importantly, aside from those two things, we are providing [companies with] access to the market and to the ecosystem," he said ... The company is being provided with backing to fund further growth as it pushes into new markets, including SaudiArabia and Egypt from its Abu Dhabi base.
product markets, including brokerage services ... But that announcement coincided with a market selloff amid the fallout from the spread of the coronavirus and an oil price war between Russia and SaudiArabia that temporarily wiped out about $5 billion of value from the proposed deal.
I don’t like the market or the speculators or the media to take us for granted; that’s ...Prince Abdulaziz bin Salman, oil minister of SaudiArabia ... The cartel also grants five countries – Saudi Arabia, Russia, the UAE, Iraq, and Kuwait – higher output targets starting in May 2022.
SaudiArabia and Iran are the two most contributing countries to the Mena used car market ...All the above factors are expected to increase the sales of used four-wheelers in Saudi Arabia, which in turn is further going to boost the used car market in Mena ... are popular among used car customers of Saudi Arabia.
The friction between OPEC members SaudiArabia and the United Arab Emirates that had held oil markets hostage finally ended last week, with an announcement that the Emirati quota from which production cuts are calculated will be increased. ... Saudi Arabia, in contrast, is eager to keep the OPEC agreement alive.
LONDON (Bloomberg) - The friction between SaudiArabia and the United Arab Emirates that had held oil markets hostage finally ended last week, with an announcement that the Emirati quota from which production cuts are calculated will be increased ... In the mid-2000s, Saudi Arabia ...
July 25 (Reuters) - Major stock markets in the Gulf rose in early trade on Sunday, as the bourses reopened ...SaudiArabia's benchmark index (.TASI) advanced 1.1%, with Al Rajhi Bank (1120.SE) rising 2%, and petrochemical maker Saudi Basic Industries (2010.SE) putting on 1.3%.