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Saudi Arabia

Egypt’s EFG Hermes looks to Saudi business for expansion

It has already announced plans to expand its staff as it targets mandates in Saudi

IMF raises Saudi growth forecast but lowers MENA, global expectations

The organisation sees Gulf oil exporters benefitting from rising oil prices but says sanctions on Iran will hit the wider MENA

Saudi denies reports of expelling Turkish ambassador over Khashoggi disappearance

Khashoggi disappeared after entering the Saudi consulate in Istanbul last week

Saudi telco Mobily says suspension on mobile services has been revoked

The company was suspended from offering mobile services to new customers for failing to hire the required number of Saudis in senior executive roles

Saudi Interpol says extradited citizen facing $8m fine

The identity of the individual was not disclosed

Turkey asks to search Saudi consulate for journalist Jamal Khashoggi

Khashoggi went missing last week following his entrance into the Saudi consulate

Missing Saudi journalist’s family deny any knowledge of fiancé

Jamal Khashoggi’s family spoke to the Saudi media nearly a week after his disappearance at the kingdom’s consulate in Istanbul

Saudi telecoms firm Mobily suspended from offering some mobile services

The company has been penalised for failing to achieve the required Saudisation rate in executive roles

Saudi fund PIF purchases $578.6m land plot in northern Riyadh

PIF bought the Al Ghadir plot at an auction of the property of late businessman Saleh Abdulaziz al-Rajhi

Saudi’s crown prince to double SoftBank investment, hopes for first NEOM town in 2019

Mohammed bin Salman said the first town in NEOM could open as soon as next year

Saudi’s ongoing crackdown on illegal workers, visa violators nets over 1.8 million

The kingdom has been detaining people for residential, labour and border security regulations since November 2017

Saudi crown prince dismisses Trump comments, talks oil production, 2020 Aramco IPO

The heir to the throne gave a wide-ranging interview last week

Saudi source denies journalist Khashoggi was killed at consulate in Istanbul

Saudi journalist Jamal Khashoggi disappeared four days ago after entering Saudi Arabia’s consulate in Istanbul

Saudi agrees to invest in new oil refinery in Pakistan’s Gwadar

State-owned Pakistan State Oil will partner with Saudi Aramco on the project

Saudi seeks wide-ranging deals with South African arms firms

Saudi Arabia is the world’s third largest defence spender

Ten people die of MERS in Saudi in last three months

The latest cases bring the global total of lab-confirmed MERS cases to 2,254, with 800 deaths

Saudi warns of up to SAR1m fine, one year jail term for trademark infringement

The owner of a shop selling perfumes, accessories and cosmetics in Riyadh was found guilty of trademark infringement

Dubai’s Mumzworld to expand in Saudi following $20m funding

Gulf Islamic Investments (GII) is now the single largest shareholder in Mumzworld

Saudi says working with Turkey to investigate journalist’s disappearance

Jamal Khashoggi disappeared after entering the Saudi consulate in Istanbul on Tuesday

Saudi energy minister Falih says global oil market is well supplied

The kingdom raised its oil output to 10.7 million barrels per day in October

Saudi court stops woman from marrying suitor ‘because he plays an instrument’

The woman has said she will now bring the case to the Supreme Court

One killed and 11 injured in fire at Saudi factory in Yanbu

The fire erupted on Tuesday afternoon at a NATPET factory

Trump: I told Saudi king he wouldn’t last without US support

The Trump administration has had a close relationship with Saudi Arabia

Saudi makes $200m grant to Yemen central bank

Yemen’s currency, the riyal, has lost more than half its value against the US dollar

Saudi Aramco may borrow up to $50bn from banks for SABIC deal

The deal is expected to involve the purchase of all or nearly all of the 70 per cent stake in SABIC held by the PIF

Pakistani national executed in Saudi for smuggling drugs

Zahed Al-Rahman Shafie Al-Rahman was caught smuggling heroin inside his intestines

Saudia begins flights to Iraq’s Erbil

The airline will operate three weekly flights to Erbil from Jeddah

SAUDI-CONFLICT-YEMEN-COALITION

Saudi forces destroy two boats filled with explosives targetting Jazan port

The boats operated by Houthis were intercepted and destroyed, causing “minor damage”

Saudi economy posts fastest growth in over a year in Q2 but private sector still sluggish

Private businesses have been hit hard by tax rises and by quotas and fees which make it more expensive to hire foreign workers

Saudi to increase budget spending in 2019, confirms private sector stimulus plans

The kingdom has benefitted from a nearly 44 per cent rise in oil prices over the last 12 months