Entries by Barry Prost

Oman’s healthcare spending to reach $4.9bln in 2022

From an estimated $3.2 billion in 2017, Current Healthcare Expenditure in Oman is expected to grow at a compounded annual growth rate (CAGR) of 9.1 per cent to $4.9 billion in 2022, according to the GCC Healthcare Industry report published by Alpen Capital, an investment banking advisory firm. The second-fastest growth in the region is […]

Transformation of women’s role is key to driving Saudi economy

It’s been wonderful to see how fast the transformation of the role of women is occurring across the Kingdom The month of March has seen two major celebrations honoring women and their role in society across the Kingdom — International Women’s Day and Mother’s Day. With the current reform drive in the Kingdom that aims […]

Saudization: 1,500 jobs at Jeddah airport to be localized soon

JEDDAH — King Abdulaziz International Airport in Jeddah will localize more than 1,500 jobs at foreign airlines and ground service companies operating at the airport, Madinah Arabic newspaper reported on Saturday. Director General of Jeddah airport Eng. Abdullah Al-Raimi called on all companies working at the airport to quickly replace foreign workers with Saudis in […]

MENA solar power projects pipeline set to double in 2018

The pipeline for solar power projects in the Middle East and North Africa (MENA) is set to double this year, with Saudi Arabia accounting for more than half of all projects, according to a new report published on Monday by the Middle East Solar Industry Association (MESIA) and shared exclusively with Thomson Reuters Projects. The […]

No going back on Saudization plans: Al-Ghafis

MAKKAH — Minister of Labor and Social Development Dr. Ali Al-Ghafis has reiterated that his ministry will enforce the Saudization programs as planned and without delay, Makkah newspaper reported. The ministry will not renege on any decision, he said during a meeting with the heads of chambers of commerce and industry in the country at […]

Kuwait expects alternative energy plans be completed before 2030

KUWAIT – Oil Minister and Minister of Electricity and Water Bakheet Al-Rashidi has expected the completion of state plans to depend on alternative energy for producing 15 percent of the country’s power, before 2030. After the 33rd meeting of the executive commission on rationalization of electricity and water in the state bodies, the minister called […]

Saudis to spend $9.6bln on entertainment by 2030, authority says

The entertainment industry in Saudi Arabia is poised to boost diversification of the state’s revenues with consumer spending on the sector expected to reach 36 billion Saudi riyals ($9.6 billion) by 2030, a Saudi official said. Speaking at the World Government Summit in Dubai, Faisal Bafarat, the chief executive officer of the Saudi General Entertainment […]

Construction, tourism and jobs growth boost Dubai’s economy

Dubai’s economy recorded stronger business activity in January on the back of faster output and new orders, driven by the construction, travel and tourism and retail sectors. Emirates NBD’s Dubai Economy Tracker Index rose to 56.0 in January mainly on the back of faster output and employment growth after easing in the previous month. The […]

Bahrain retail sector ‘valued at more than $5.8bln’

Country’s retail sector has been growing steadily over the past decade at an annual rate of 13% MANAMA: Bahrain’s retail market is valued at more than BD2.2 billion ($5.8bln) per year and the sector outlook is positive for 2018 and beyond, finds a new study by KPMG. Another key finding of the study highlighted in […]