Saudi Arabia's old capital has been ranked one of the world's ten least expensive cities in the latest survey of the Economist Intelligence Unit’s (EIU). Jeddah, also known as the Bride of the Red Sea, ranked No. 123 out of 131 cities in 93 countries that were covered in the EIU Worldwide Cost of Living Index for 2013. Along with Jeddah in the bottom 10 were Pakistan's Karachi city (131), the Indian cities of Mumbai (130) and New Delhi (129), Nepal's capital Katmandu (128), Algeria's capital Algiers (127), Bucharest in Romania (126), Sri Lankan capital Colombo (125), Panama City of Panama (124), and Iran's capital Tehran (122). Source: Arab News