Saudi Holiday-Goers Pass on Turmoil-Hit Destinations

Arab News reports that Saudi Arabian holiday-goers are by and large avoiding their usual summer destinations and instead will prefer Europe and Southeast Asian locations, citing travel agents and tourism experts in the Kingdom. The shift highlights the economic consequences of the so-called Arab Spring protests, and highlights that the recovery from those demonstrations involves economic […]

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Samsung Launches Smart TVs in Saudi Arabia

[PRESS RELEASE] -Samsung Electronics Co., Ltd, a global specialist in digital media and digital convergence technologies, announced the official launch of their innovative Smart TVs line up in the Kingdom of Saudi Arabia during an event at Jeddah’s Mall of Arabia. Samsung’s launch came in line with their willingness to present to the consumers’ a […]

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Saudi Earned $214 Billion In Oil Revenues Last Year

Saudi Arabia earned $214 billion in oil revenues last year, according to this report in Bloomberg, which cites figures from the investment firm Jadwa. Bloomberg: “The country’s total exports, including non-oil products, reached $251 billion in 2010, up 31 percent, according to revised figures from the investment-services company. Saudi Arabia’s combined exports peaked in 2008 at […]

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Moody’s Downgrades Bahrain

According to a shared report on FT’s Alphaville blog, Bahrain’s government bond rating has been downgraded to Baa1 from A3, “and assigned a negative outlook to the rating.” Alphaville reports that “the main driver underlying Moody’s decision to downgrade is the significant deterioration in Bahrain’s political environment since February.” Read the full report at Alphaville. Research by Nikhil […]

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