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أدوات الموضوع | التقييم: | انواع عرض الموضوع |
#1121
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Saudi car sales to cross 1m units in 2018
New-car sales in Saudi Arabia are projected to cross one million units in 2018 in view of rapid trade and economic expansion in the Kingdom, according to a study. Major projects underway in various regions and several other special factors underpin stable and continued growth in Saudi Arabia, distinguishing it from the neighboring countries, the study said. Conducted by Specialized Systems for Exhibitions and Conference (EXCS), the study forecast continued rapid growth of the Middle East car market, particularly in the luxury car sector where sales are expected to rise by 15 percent in 2012 compared to 9 percent in 2011. Moreover, BMI forecast in another report, that the demand for smaller, lower-priced family cars with more economical running costs will rise as wealth increases at the lower end of the economic spectrum. The Saudi car market has traditionally been dominated by high-end models. The population of Saudi Arabia is expected to grow 39 percent to a total of 36.5 million people by 2030 and as a result BMI expects to see a longer-term rise in demand for smaller cars. The ultra-luxury car market in Saudi Arabia grew 39 percent in 2010 and a 90 percent increase in Q111 sales for Rolls-Royce, in comparison with the same period in 2010, leads BMI to believe that the high-end auto sector will continue to show impressive growth this year. Rolls-Royce, Lexus and Porsche have all recently invested heavily in opening new state-of-the-art sales and servicing centers in anticipation of an increase in demand. Moreover, BMI anticipated above-average growth in the market for commercial vehicles, are currently responsible for about 20 percent of auto demand in Saudi Arabia. The findings suggest strong participation by luxury car dealers in the 6th edition of Luxury Motor Show to be held at the Hilton Hotel in Jeddah, Nov. 6-8, 2012. “This year’s show will embrace the world’s latest, most luxurious and expensive cars, some displayed for the first time in Saudi Arabia,” said Abdullah Alshemasi, Director General of EXCS, the show organizer. The previous five editions of the Luxury Motor Show were hugely successful and higher sales are expected this time around in view of rising demand from expectations of market recovery, he said. We expect high-class participation again this year since the show is dedicated to an elite and carefully selected audience seeking the latest and most distinctive products from the automotive world,” he said. “For the convenience of the dealers and their discerning clientele, the show will be held in the main hall of the Jeddah Hilton hotel where adequate space will be devoted to displaying the splendor and exclusivity of each luxury car brand,” he added. Saudia Private Aviation (SPA) is sponsoring the Luxury Motor Show. Confirmed participants include Rolls-Royce, Bentley, Mercedes-Benz, Cadillac, Lexus, Lamborghini, McLaren, BMW, Land Rover, Jaguar, Audi, Aston Martin, Porsche, Centennial, Viewmotion and Moda Car Source: Saudi Gazette
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#1122
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Riyadh summit highlights opportunities in Kingdom $ 80b new major contracts
A three-day “Saudi Mega Infrastructure Projects Summit” will kick off on Sept. 16, 2012 at Riyadh Marriott Hotel, that will highlight opportunities in the Saudi non-energy infrastructure projects market sector. The summit will provide participants unprecedented insight and access into the biggest projects market in the MENA region. Many contractors, suppliers and vendors believe that Saudi Arabia has become the number one opportunity in the region as MEED forecasts that over $80 billion worth of major contracts will be awarded in 2013. The figure indicates an approximate 36 percent increase from 2011. Moreover, with a gigantic projects industry still creating business opportunities, the summit will become a platform for those who are willing to enter the Saudi market and those who wish to strengthen their profile in the Kingdom. Due to strong demographic growth, high oil prices and a capital investment program backed by strong political support, Saudi Arabia today is the largest projects market in the region, overtaking the UAE in 2010 and maintains its position as a top leader in the market since then. The summit focuses on the development of mega-projects in the Kingdom, the region’s largest construction sector. The core sectors that are driving the massive growth in construction activity – transport infrastructure (road, rail, aviation), social infrastructure (education, healthcare) & utilities infrastructure (power & water, desalination, renewable, waste management) will be discussed. The summit activities are divided into the Saudi Rail Focus Day and the two days dedicated to conference that is coincides with the World Green Building Week on Sept.17-24. The Saudi Rail Focus Day will offer a profound vision into the rail sector in Saudi Arabia and the opportunities attached to it for both local and international contractors, consultants and specialist rail service providers. World Green Building Week aims and its importance to Saudi Arabia’s project portfolio will be highlighted by Faisal S. Alfadl, founder of Saudi Green Building Council and a perspective member of World Green Building Council, who’s effort is aligned to facilitate the global transformation of the building industry and its mega projects towards sustainability through market driven mechanisms. He aims to bring to light the key role of buildings in conserving resources, saving money and creating jobs while providing healthier places to live and work. “Participation in the summit is an effort to put forward another quintessential step to raise awareness about energy-efficient infrastructure by receiving and sharing related knowledge. Our support to World Green Building Week is very crucial as it will further enhance the outcome of Saudi Mega Infrastructure Projects Summit as combining the mega projects with green building or energy-efficient infrastructure technologies will very advantageous, both economically and socially.” said Edmund O’ Sullivan, Chairman, MEED Events, organizer of the forum Source: Saudi Gazette
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#1123
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KSA remains Brazil's top Arab world trade partner
Arab countries imported more than $3.6 billion worth of goods from Brazil during the first half of 2012, while Arab exports to Brazil reached nearly $4 billion during the same period, reaffirming the importance of Brazil as a key trade partner of the Arab world. Brazilian exports to Arab countries mainly consisted of sugars, meat, ores, slag, ash and cereals, while Arab exports to Brazil included mineral fuel, oil and fertilizers. Saudi Arabia, the region’s largest economy, remains the leading trade partner of Brazil in the Arab world, the Arab-Brazilian Chamber of Commerce said in a statement. Kingdom had more than $720 million in imports and over $1.4 billion in exports to Brazil during the first half of 2012. The UAE has also been a major trade partner of Brazil with more than $489m in imports and over $65.6m in exports. Egypt ranks second among top Arab importers of Brazilian products with more than $674 million in imports in the first half of 2012, while Egyptian exports to Brazil totaled over $40 million. Other top Arab trade partners of Brazil include Qatar and Kuwait, which exported products to Brazil worth in excess of $362 million and $337 million, respectively. On the other hand, Qatar and Kuwait imported products from Brazil worth more than $80 million and $64 million, respectively, during the first six months of 2012. Michel Alaby, CEO, Arab-Brazilian Chamber of Commerce, said: “Trade activities between Brazil and the Arab world will continue to expand as Brazilian traders and their Arab counterparts are actively exploring new opportunities for mutual growth. The success of matchmaking events being organized by the Arab-Brazilian Chamber of Commerce underlines the growing interest of Arab markets in Brazilian products. Moreover, the Arab world will continue to be a major source of mineral fuel, oil and even aluminum products that are vital in sustaining the growth of the Brazilian economy. The Arab-Brazilian Chamber of Commerce remains fully committed with its mission to cultivate greater interaction between Brazilian and Arab companies and unlock more exciting prospects that will further expand and strengthen the economic ties between these key trading partners.” Other prominent exports from Brazil to various Arab markets include machinery, grains, seed and fruit products, inorganic chemicals and rare earth metals, fats and oils, natural pearls and stones, spices, coffee and tea. Arab exports to Brazil, on the other hand, also include plastic products, aluminum, inorganic chemicals and rare earth metals, electrical machinery, glass and glassware, fish and seafood, and woven apparel Source: Saudi Gazette
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#1124
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Masdar eyes investments in Kingdom
Abu Dhabi government-owned green energy firm Masdar is looking into investing in Saudi Arabia, chief executive Sultan Al Jaber said Tuesday. “We are proactively seeking partnerships in Saudi,” Jaber told reporters, declining to give any details about the kind of project, or the investment capital under consideration. “I can’t tell how much now because it depends on the market and the regulatory framework but we are seriously and closely looking at the Saudi market,” he said. Investing in renewable energy projects is an increasingly popular topic among the top oil exporters of the Middle East but actual green energy installations are few and far between. Masdar has made significant renewable energy investments in countries where political and public support for clean energy brings with it big incentives, especially in Europe. But back in the UAE, it has only around 10 megawatts (MW) of solar capacity up and running, with a 100-MW concentrated solar plant - the world’s biggest - under construction and another 150 MW planned nearby. Saudi Arabia is seeking investors for a $109 billion plan to create a solar industry that generates a third of the nation’s electricity by 2032, according to officials at the agency developing the plan. The Kingdom aims to have 41,000 megawatts of solar capacity within two decades, said Maher Al-Odan, a consultant at the King Abdullah City for Atomic and Renewable Energy. Khalid Al-Suliman, vice president for the organization known as Ka-care, said recently that nuclear, wind and geothermal would contribute 21,000 megawatts. “We are not only looking for building solar plants,” Al- Odan said in an interview in Riyadh yesterday. “We want to run a sustainable solar energy sector that will become a driver for the domestic energy for years to come. Source: Saudi Gazette / Reuters
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#1125
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Organic farms to form 5% of planted area in KSA by 2017
Demand for agricultural products is swelling in Saudi Arabia, driven by a population boom, rising incomes, affluent lifestyles and a strong economy – the largest in the Gulf region. Recent studies revealed that the Kingdom currently has around 34,997 hectares of organically planted land with sales of organic products expected to achieve 10 percent annual growth, fueled by the increasing awareness among the local community about the advantages and diversity offered by organic farming. The study predicts organically planted land to form 5 percent of the total planted area in the Kingdom. Furthermore, poultry consumption is expected to grow by 17.2 percent to reach 1.6 million tons in 2016, while milk production could increase by more than 17 percent to 2.1 million tons between 2015 and 2016. The Saudi government has allocated SR60 billion to boost the domestic agricultural sector this year and is actively looking at regional and global agricultural products and services and focusing on organic alternative farming to meet the growing nutritional needs of its citizens. Against this backdrop, the upcoming Saudi Agriculture 2012 – the 31st International Agriculture, Water and Agro-Industry Show will unveil some of the latest solutions addressing the rising demand for agricultural products in the Kingdom and throughout the region. Running from Sept 24- 27, 2012 at the Riyadh International Convention & Exhibition Centre, the trade fair will cover animal health & production, agricultural finance & banking, agricultural products & services, chemicals & fertilizers, cold storage & crop production, and dairy farming products & equipment, among many others. Confirming their presence in the event are several key regional and international agriculture industry players and leaders who will share business, investment and policy views with high-ranking agriculture officials. The event is accredited by UFI, the Global Association of the Exhibition Industry. “Saudi Arabia holds huge potential for investors and businesses who want to work in the region’s largest growing agricultural marketplace. The 2012 national budget shows how the government has taken a serious stance towards addressing the food needs of its people so now is the perfect time to forge and strengthen ties among local agricultural and food players. Saudi Agriculture 2012 is an ideal platform for determining which solutions can drive the Saudi food agenda,” said Khalid Daou, Project Manager of Saudi Agriculture at Riyadh Exhibitions Company. Saudi Agriculture 2012 will showcase the latest in animal health & production, agricultural finance & banking, agricultural products & services, chemicals & fertilizers, cold storage & crop production, dairy farming products & equipment, fisheries & fish farming, greenhouses, handling & transport systems, irrigation & landscaping equipment, machinery & spare parts, organic farming, packaging systems & products, pesticides, pumps & pipe systems, seeds & soil nutrition products, spraying machinery, water treatment, water management systems, warehousing. Running concurrently with Saudi Agriculture 2012 is the Saudi Agro-Food 2012 - The 19th International Trade Show for Food Products, and the Saudi Food-Pack Source: Saudi Gazette
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#1126
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STC simplifies recharging process for SAWA customers
IN an effort to comfort customers and ensure their satisfaction, Saudi Telecom Co. (STC) simplified the recharging process for SAWA customers. In addition, customers recharging their SAWA cards are automatically entered into a prize-draw as part of the company’s “10 Years.. SAWA Stronger” campaign. The initiative comes in anticipation of the new regulation imposed by the Communication and Information Technology Commission (CITC), which requires customers input their national identification number (Iqama) immediately after entering their prepaid card number to charge SIM cards, recharge, or transfer balances. Customers can recharge their SAWA SIM cards in 6 easy ways. The first method involves transferring funds by sending an SMS to 1500, containing *133* then inputting the destination SAWA phone number, followed by ( * ), followed by the amount to be transferred, followed by ( * ) and the national identification number of the destination user, followed by #. The second method is processed through SAWA rechargeable cards, and requires the customer to input *155* then the recharging card’s number, followed by ( * ), followed by the Iqama number, followed by ( # ) then pressing the “call” key. The third method requires the customer to send an SMS to 1500, that contains *155*, followed by the rechargeable card’s number, followed by ( * ), followed by the Iqama number, then ( # ) and then sending the message. The fourth method requires the customer to call 1500, and when prompted, choose to recharge, then enter the rechargeable card’s number followed by the Iqama number. The fifth method allows customers to recharge their cards through the STC website, at www.stc.com.sa. The sixth method involves using Al Jawwal Portal by visiting the website: www.aljawal.net.sa through the user’s phone. The telecom giant stressed that the only identification cards that can be used to recharge SIM cards are the Iqama number, national identification card, and passport. In the event that there are letters in the passport, they should be avoided when inputting the password number. All information entered by customers must be accurate and up to date Source: Saudi Gazette
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#1127
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Saudi economy to grow 5.3% in 2012
Strong crude prices will ally with higher oil production to lift Saudi Arabia's economy by nearly 5.3 per cent in 2012, its second highest growth rate in seven years, according to a key Saudi investment firm. Real GDP will expand by around 5.3 per cent, fuelled by a 6.7 per cent growth in the government sector and 5.1 per cent increase in the hydrocarbon sector. The non-oil private sector is also expected to swell by about 4.9 per cent. The report by the Riyadh-based Jadwa Investment showed real GDP growth this will year will be lower than the 6.8 per cent growth in 2011, when oil prices hit a record high average of around $106 a barrel and the Gulf Kingdom boosted its crude output by 1.1 million barrels per day to 9.3 million bpd. Jadwa expected oil production to rise further to 9.6 million bpd in 2012 while the price of Saudi crude will remain as high as $100 a barrel. In current prices, Saudi Arabia's economy, the largest in the Arab world, is projected to rise by around 3.8 per cent this year after rocketing by nearly 28 per cent in 2011 and 19.7 per cent in 2010. GDP plunged by about 20.9 per cent in 2009 because of lower oil prices and a decline by around one million bpd in the country's crude supply in the wake of the 2008 global fiscal distress. The report showed nominal GDP will swell to its highest level of SR2,245 billion in 2012 before slipping to nearly SR2,213 billion in 2013. Higher oil prices and output will also boost Saudi Arabia's revenue by nearly SR392 billion above its budgeted revenue for 2012. Despite an expected surge in actual spending, the Kingdom will still record a fiscal surplus of around SR337 billion this year, its second highest surplus since the record SR581 billion surplus in 2008 and against a budget deficit of SR87 billion in 2009. Jadwa said the massive surplus would allow Saudi Arabia, the world's top oil exporter, to slash its public debt to SR115 billion at the end of 2012 and SR100 billion at the end of 2013 from SR136 billion at the end of 2011. Riyadh's foreign assets will also climb to an all time high of $758 billion at the end of this year from nearly $645 billion at the end of 2011. Source: Emirates 24/7
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#1128
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Saudi Arabia, Jordan most competitive Arab cellular markets
According to a study by the Arab Advisers Group, Saudi Arabia is the most competitive cellular market, Saudi Gazette has reported. The study took into account the number of operators, packages and services available in each of the 19 countries covered by the consultancy firm. The report ranked Jordan as the second most competitive market, followed by the Palestinian Territories, Egypt, Oman, Morocco, Iraq, Tunisia, Bahrain, Algeria, Sudan, Mauritania, Yemen, Kuwait, the UAE, Qatar, Syria, Lebanon and Libya. Source: Saudi Gazette
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#1129
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Gold price per ounce today around 10 pm in Saudi Arabia is $ 1765
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#1130
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Gold price per ounce today around 2:30 ِِِ AM in Saudi Arabia is $ 1774
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