Home next GCC next Saudi Arabia

Saudi Arabia

Saudi Arabia Needs To Spend $213bn On Water, Power In Next Decade

Saudi Arabia’s peak power demand during summer is approaching the total installed capacity of around 60,000 MW, a senior official said.

Saudi’s SABIC Sees Oil-To-Chemicals Plant Start-Up By 2020

The industrial complex is expected to help provide around 100,000 direct and indirect jobs for Saudis.

Saudi Foreign Minister Says Has Invited Iranian Counterpart To Visit

Iranian Foreign Minister Mohammad Javad Zarif has visited most of Kuwait, Qatar, Oman and the UAE since the nuclear pact.

WHO Meets Global Experts Over MERS Scare

Meeting will be held to discuss whether to elevate the status of the virus.

Jeddah Economic Co To Raise Funds For Kingdom City Super Tower Project

Kingdom City in Jeddah will also include mixed-use residential and commercial developments, the chief executive said.

Saudi’s Naimi: No Plans To Reduce Output Despite Rising Exports From Iraq, Others

Saudi Arabia’s oil minister also said that total global oil demand was steady.

Saudi Arabia Warns Of MERS Virus Risk From Camels

More than a quarter of the 480 diagnosed with MERS in Saudi Arabia have died.

Egypt To Get More Than $3bn In Free Fuel From Saudi By August

Egypt’s government said last week that gifted fuel from Gulf nations, including Saudi Arabia, totalled $6 billion.

Etihad Rail Signs MoU With Saudi Railways Company

The agreement is expected to allow for greater collaboration ahead of the GCC Rail project.

Saudi Arabia Finds Another 32 MERS Cases As Disease Spreads

The rate of infection in Saudi Arabia has surged in recent weeks after big outbreaks associated with hospitals in Jeddah and Riyadh.

Saudi Arabia Crude Output Rises To 9.66m Bpd In April-Source

Saudi Arabia supplied 9.650 million bpd in April to the market, up from 9.533 million bpd in March, an industry source said.

UAE To Increase Screening Of GCC Camel Shipments Over MERS Fears

All camel shipments from the GCC will be quarantined for 24 to 28 hours until the laboratory tests are conducted, the ministry said.

Saudi Arabia Plans New Pilgrimage Airport At Taif

Most of the several million haj pilgrims coming from abroad each year now arrive at a special terminal in Jeddah’s international airport.

Saudi Arabia Finds Another 18 MERS Cases As Disease Spreads

The total number of infections nearly doubled in April and has risen by a further 21 percent already in May.

Head Of Jeddah Hospital Replaced As Saudi Fights MERS Virus

The head of Jeddah’s King Fahd Hospital was replaced as WHO warned of “breaches” in infection prevention.

“Saudi Liberals” Website Founder Sentenced To 10 Years In Jail

Badawi was arrested in June 2012 and charged with cyber crime and disobeying his father.

Saudi’s Abdul Mohsen Al-Hokair Gets Regulator Nod For IPO

The IPO will be divided into two sections and conducted as a book-build offering, the statement said.

AECOM Wins $28m Jeddah Metro Contract

The company will supply pre-programme management consultancy services and staff.

Saudi’s Algosaibi Says Creditors To Get Min 20 Cents On Dollar Under Debt Plan

The firm said it would pay 10 per cent of claims as an upfront payment and would target a total recovery for creditors of between 40 and 60 per cent of their due cash.

Saudi Tadawul CEO Says Looking To Go Public “Soon”

The Kingdom’s stock market saw five initial public offers of shares in 2013 worth around $506 million.

Saudi Group Algosaibi Seeks Truce In Debt Dispute

Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers’ failure in 2009 left debts estimated at more than $7 billion.

Saudi’s Alkhair Capital Predicts 10% Annual AUM Growth

Alkhair, which has been operating in the Saudi market since 2009, opened an office in the Dubai last month.

Saudi Arabia Eyes “Qualitative” Shift In Economic Development

Economy and Planning Minister targets annual economic growth of five percent in the country’s 2015-19 development plan.

Saudi Econ Minister Targets 5% Annual Growth

Growth expected as a result of the country’s next five-year development plan.

King Abdullah Economic City Halts Financial District Plans

Concerns that the KAEC Financial District would not be competitive have halted development.

Saudi Arabia Mulls Lifting Visa Restrictions

Saudi tourism president says the Kingdom will consider changing its policies as systems, airports and the country’s security network improves.

Qatar Airways To Launch Al Maha Airways In KSA In November

CEO Akbar Al Baker said it will operate eight A320s in the Kingdom.

Saudi Arabia Reports 25 New Cases Of MERS, Deaths Stand At 109

The total number of cases in the kingdom is 396, of whom 109 have died.

Saudi Camel Tradition May Hinder Control Of New Disease

Experts fear that the cultural relevance of camels in the Kingdom could hinder preventative measures aimed at limiting the spread of the disease.

Saudi-French Alliance Wins $2bn Bus Deal For Riyadh Metro

The 10-year deal will be linked to the city’s railway project and will handle the procurement, operation and maintenance of the buses.