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Saudi Arabia

Saudi Health Minister Says Working With WHO To Fight MERS

MERS was identified in 2012 in Saudi Arabia, and has infected a total of 565 people in the Kingdom.

Hunt For MERS Source Should Look Beyond Camels – Veterinary Officials

The deadly new virus has killed 186 people in Saudi Arabia.

Saudi Court Sentences Man To Death For Sedition

This is the second time in a week that the death penalty has been imposed on a man involved in unrest in Qatif.

Pace Of New MERS Infections In Saudi Arabia Slows To Four A Day

In the first two weeks of the month, the daily number of new cases in Saudi Arabia averaged nearly 11, but since May 14 the average number of new infections has slowed.

Saudi’s Ma’aden Appoints HSBC As Advisor For SAR5.6bn Rights Issue

Ma’aden had earlier this month said it was seeking shareholder approval for a capital increase.

Saudi’s CPC Acquires Egypt’s Sphinx Glass For $190m

The Jeddah headquartered company aims to increase Sphinx’s revenues to $63.2 million this year from $55 million in 2013.

Accor Expands Adagio Brand In KSA

Second Aparthotel targeting mid and long-stay guests confirmed for Jeddah

Saudi Savola Sells Kazakhstan Edible Oil Unit For $28.5m

Savola said it has made a capital gain of SAR17 million from the sale.

Saudi Arabian Interests Buy About 600,000 T Feed Barley

It was priced between $250 and $255 a tonne, traders said.

Saudi’s Dar Al Arkan Raises $400m From Sukuk Issue

The developer attracted a final order book of more than $1 billion for its five year sukuk.

Saudi Telecom Sets Up $1.33bn Sukuk Programme

The operator did not say when it would issue the sukuk.

Saudi King On Holiday, Crown Prince In Charge – Royal Court

King Abdullah departed the Red Sea port city of Jeddah for Morocco.

Saudi’s Dar Al Arkan Plans Benchmark Five-Year Dollar Sukuk

The developer said on Monday it would talk with international investors on Tuesday ahead of a potential sukuk.

Saudi Arabia Approves $21bn Five-Year Education Plan

The plan includes building 1,500 nurseries and providing training for about 25,000 teachers.

Saudi Arabia Closes Embassy In Libya Due To Security Concerns

Heavily armed gunmen stormed Libya’s parliament on Sunday demanding its suspension.

Sony Xperia Z2 Launches In UAE, Saudi

The waterproof smartphone is priced at Dhs2,699 in the UAE.

Dow Awards Construction Contract For Reverse Osmosis Plant In Saudi

Fluor Corporation has won the engineering, procurement and construction contract for the facility.

Banque Saudi Fransi Plans $533m Sukuk By End-June

The sukuk will enhance the bank’s Tier 2, or supplementary, capital.

Singapore Airlines Axing Cairo And Riyadh Routes From September

The poor performance of the routes was due to lack of demand as well as increased competition from other carriers.

Saudi Arabia May Curb Trade Ties With Netherlands Over Anti-Islam Slogans

Stickers printed by far-right politician Geert Wilders display anti-Islam slogans.

Saudi’s Ma’aden Plans $1.5bn Rights Issue, HSBC To Advise

The company plans to use the money to expand its phosphate and gold operations, and increase funding for its aluminium business.

Saudi’s $1.6bn Kingdom Tower Set for December 2018 Completion

The over one kilometre tall Kingdom Tower will replace Dubai’s Burj Khalifa, 828 metres tall, as the highest in the world.

Saudi Arabia Establishes MERS Centre To Stem Outbreak

The new centre aims to ensure cross ministry coordination and disease control in the Kingdom.

UAE Online Job Postings In Healthcare Rise 21% In April – Study

The steepest decline in online job postings was recorded in the UAE’s IT/telecom sector, with opportunities falling 17 per cent.

Saudi Arabia Reports 10 More Deaths From MERS Virus, 20 Other Cases

Five of the deaths were reported on Tuesday and five on Wednesday, according to statements on the health ministry’s website.

Different Arab money

Saudi-Based IDB Says Plans Benchmark Sukuk Issue Around May 2015

In February, IDB, which has a top-notch AAA rating, priced a $1.5 billion, five-year sukuk, its largest ever Islamic bond.

Saudi King Appoints Son As Governor Of Riyadh Province

Moves in the ruling family are closely watched at home and abroad for clues on who will rule the world’s top oil exporter.

Saudi Aramco, Sumitomo Face Higher Costs For Petrochemical Plant Expansion

The expansion plan was originally estimated to cost around $7 billion.

Saudi Developer ACWA Confirms Fransi As IPO Adviser

The company said it is trying to get the initial public offering completed this year.

WHO Says Deadly MERS Virus Does Not Constitute Global Emergency

The virus, which causes coughing, fever and sometimes fatal pneumonia, has been reported in more than 500 patients in Saudi Arabia.