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Saudi Arabia

New Death In Saudi From SARS-Like Coronavirus

The latest cases bring the total number infected worldwide to 70, with 39 having died since MERS was identified last year.

Saudi Not Calling All Tourists

The Kingdom has no immediate plans to open its doors completely to foreign travellers.

Saudi Crackdown On Illegal Firms Threatens Thousands

Under Saudi regulations foreign-owned businesses face a complex licensing process and are tightly controlled.

Saudi Role In Syria Driven By Fear Of Shi’ite “Full Moon”

Since the fall of Syrian rebel stronghold Qusair this month, there has been growing unease in Riyadh about the opposition’s chances.

Prince Alwaleed Eyes World Cities For Mile-High Tower

The Saudi prince is inviting Dubai’s biggest real estate developer Emaar Properties to team up with his investment firm Kingdom Holding.

Investcorp Buys 38% Stake In Saudi Energy Services Firm

The Bahrain-based investment firm is buying a stake in Al Yusr Industrial Contracting Co from two members of its controlling family.

Saudi Arabia Says MERS Coronavirus Kills Four More

The worldwide death toll released by the World Health Organization on June 15 stood at 34.

Saudi King Congratulates Iran’s New President Rohani

Ties between Saudi Arabia and Iran are tense over many issues, notably the war in Syria.

Saudi Aramco-Dow JV Raises Funding For $19bn Project

The petrochemical complex, located at Jubail Industrial City, will be the world’s largest chemical complex ever built in a single phase.

Saudi Weekend Move To Happen Soon – Chambers Head

The move is expected to provide a boost for the economy as the current Thursday-Friday weekend sees the Kingdom share only three working days with overseas companies.

Saudi Arabia To Block WhatsApp Within Weeks

Saudi’s Communications and Information Technology Commission (CITC) banned Viber this month with Skype also on its non-compliant list.

Regional Political Tension Seen Hitting GCC Stock Markets

Saudi Arabia’s stock market, the region’s largest, dropped 4.3 per cent on Saturday.

Saudi Arabia Says One More Dead From MERS Coronavirus

So far 28 people have died of the virus in Saudi Arabia, according to the Kingdom’s health ministry.

Saudi’s Clean Energy Juggling Act

Renewable power is helping the Kingdom meet its voracious domestic energy appetite.

Saudi Arabia Arrests Dozens In Protest Over Prisoners

Witnesses said police surrounded around 100 protesters at a demonstration in Buraidah on Tuesday and made some arrests.

Saudi Airports Agency Picks Banks For Huge Riyal Sukuk

The size of the new Islamic bond could match the firm’s record-breaking $4 billion debut sukuk issued in 2012, say sources.

Saudi Arabia To Sell More Crude To India In July

Two refiners in India have asked for additional cargoes to make up for a loss of supplies from Iran, say sources.

Indonesian Workers Protest At Consulate In Saudi Arabia

Workers have queued outside government offices and some consulates for days on end over recent weeks in daytime temperatures topping 40 degrees centigrade.

Saudi’s Alwaleed Sues Forbes For $20bn Worth Error

Prince Alwaleed has attacked the U.S. magazine’s ranking of world billionaires as flawed and biased against Middle Eastern businesses.

Saudi’s Sabic Planning $4.23bn Steel Projects

A Jubail plant would have processing capacity of 1.5 million tonnes a year and the other, in Rabigh, one million tonnes a year.

Saudi Arabia Bans Viber Web Communication App

The Kingdom announced in March that it was planning to ban VoIP services such as Skype and Viber.

Saudi Family Algosaibi Names New Deputy CEO, CFO

The family conglomerate has hired three people from accounting firm Deloitte to senior management positions.

India’s L&T Wins $300m Gas Project In Saudi Arabia

L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.

Saudi Petrochemical Plants Sahara, Sipchem Mull Merger

A feasibility study will be carried out by the two companies over the next five months.

Zain Saudi To Defer Paying $1.49bn In Licence Fees

The rescheduled payment, spread over seven years, will be treated as a commercial loan.

Saudi Arabia Buys 525,000 Tonnes Hard, Soft Wheat

The wheat is of optional origin from the European Union, Australia and North and South America.

Alwaleed’s Kingdom Holding Sells $40m Mauritius Hotel Stake

The Saudi company sold its stake to Hawaii-based Outrigger Hotels and Resorts.

Saudi And Egypt Sign $1.6bn Deal To Link Power Grids

The project will allow both countries to share power of up to 3,000 megawatts.

Jeddah’s Islamic Development Bank Sells $1bn Sukuk

The senior, unsecured notes priced at a profit rate of 1.535 per cent, arranging banks said.

Almarai Plans To Boost Capital By 50%

The Saudi dairy firm will distribute bonus shares in a move approved by its shareholders.