Home next GCC next Saudi Arabia

Saudi Arabia

Iran Says Saudi-Led Forces Cannot Inspect Yemen-Bound Ship

A military coalition led by Saudi Arabia has imposed inspections on all ships entering Yemen.

Saudi Arabia Regulator Suspends Trade In Mobily Shares

The regulator has asked the telecommunications operator to clarify information related to one of its businesses.

Yemen Truce Starts After Shelling, Iran Sends Cargo Ship

The five-day humanitarian truce in Yemen came into effect at 11 pm on Tuesday.

Obama To Meet With Saudi Crown Prince, Deputy In Oval Office On Wednesday

Obama’s summit with the GCC countries begins Wednesday evening and continues on Thursday.

Saudi Foreign Minister Says US-GCC Summit To Focus On “Aggressive” Iran

Adel al-Jubeir said the summit would focus on conflicts in Syria and Iraq and also on the fighting in Yemen.

Saudi, Alcoa Aluminium Smelter Production To Top Initial Target This Year

Ma’aden, the Gulf’s largest miner, is currently exporting around 70 to 80 per cent of the smelter’s production.

Saudi Aramco Reiterates It Will Spend To Retain Leading Oil Position

The oil giant has completed a massive investment programme which took its output capacity up to 12 million bpd.

Saudi-Led Air Strikes Hit Yemen Capital Hours Before Ceasefire

Residents said three air strikes hit a base for army units loyal to the Houthis in the north of the capital.

Saudi Arabia’s April Crude Output Hits Record High

The Kingdom pumped 10.308 million barrels of oil per day in April, compared to 10.29 million bpd in March.

Saudi Aramco Discovered Eight New Oil And Gas Fields In 2014

The company did not give figures on estimated reserves or production rates for the new fields.

King’s Absence From US Summit Shows Saudi Displeasure Over Iran Push

Analysts and diplomats in the Middle East described King Salman’s decision to skip the meeting at Camp David this week as a snub.

Saudi Market Regulator Studying REIT Listing Rules

If introduced in the Kingdom, REITs would offer tax benefits, especially for foreign investors.

Saudi King Salman Phoned Obama, Discussed Summit, Yemen

King Salman has nominated Crown Prince Mohammed bin Nayef to attend the summit in Washington and Camp David, Maryland.

Moroccan F-16 Jet From Saudi-Led Coalition Crashes In Yemen

Yemen’s Houthi militia said tribesmen shot down the aircraft.

Saudi, Kuwait To Shut Joint Oilfield For Two Weeks

Total production from the Wafra onshore oilfield is around 190,000 barrels per day.

Heavy Bombing On Yemen Border Area By Saudi Forces And Houthis

Saudi Arabia has offered a five-day ceasefire starting on Tuesday evening to allow delivery of humanitarian supplies into the country.

Saudi’s Alkhabeer Capital Targets Islamic Endowment Business

The firm has launched an advisory service for structuring and managing the assets of the Islamic charitable foundations known as awqaf.

Moroccan F-16 jet From Saudi-Led Coalition In Yemen Goes Missing

The pilot of a second jet in the same squadron could not see if the pilot had ejected from the jet.

Saudi King Sending Crown Prince To Summit With US President Obama

The summit coincides with the start of a five-day humanitarian truce in Yemen.

Sales At Kingdom Tower, Set To Be World’s New Tallest Building, To Start In 2015

Once completed in 2018, the $1.2 billion Kingdom Tower will be over one kilometre high.

CEO of Saudi’s Al Rajhi Bank Resigns, New Head Appointed

Steve Bertamini has been appointed chief executive effective from May 18, the lender said in a bourse statement.

One Policeman Shot Dead In Saudi Capital

Policeman Maged al-Ghamdy was patrolling the area at 7:30 p.m. local time when he was shot from an unidentified car, the official news agency said.

Obama, Saudi King Salman To Meet At White House Before Summit Next Week

Both leaders will “build on their close consultations on a wide range of regional and bilateral issues,” White House spokesman said.

Regional Crises Push Turkey, Saudi Closer Despite Ideological Rift

The rapprochement between two of the Middle East’s biggest powers already appears to be paying dividends in Syria.

MSCI To Launch Saudi Arabia, GCC Indexes On June 1

So far, MSCI only had provisional indexes covering the $570 billion Saudi stock market, which is set to open to foreign investors in June.

Saudi-Led Strikes In Yemen Break International Law – UN

Scores of civilians were reportedly killed and thousands forced to flee their homes after the coalition declared the entire governorate a military target.

Have Saudis Succeeded In Maintaining Their Oil Market Share?

Figures from Asia’s top three importers show that the Kingdom is more or less holding its ground in market share, writes Reuters’ columnist Clyde Russell.

Trickle, Not Flood Of Foreign Money Likely As Saudi Bourse Opens Up

Many barriers such as strict foreign ownership limits, rules for settling traders and its long way into MSCI index are some of the factors curbing a flood of foreign money.

Saudi Arabia To Build Planes With Ukraine’s Antonov

The state-backed King Abdulaziz City for Science and Technology said it had signed an agreement with Antonov to produce the AN-32 aircraft.

Saudi Arabia Considering Five-Day Yemen Truce

US Secretary of State John Kerry, who is visiting Riyadh, welcomed the proposal.