Home next GCC next Saudi Arabia

Saudi Arabia

Saudi awards $507m Bus Rapid Transit project to Turkey’s Yuksel

Yuksel has so far completed 39 projects in the kingdom worth SAR8.12bn

Healthcare in Saudi Arabia – where are the opportunities?

The team at research group Marmore MENA Intelligence look at the business openings in Saudi Arabia’s healthcare industry

JPMorgan to increase bankers in Saudi in line with market growth

The bank expects increased activity in the equity market

Saudi says deficit financed from current account in Q1

Saudi Arabia’s fiscal deficit had fallen 71 per cent in the first quarter

Saudi’s Al Borg Medical agrees to buy Anglo Arabian’s lab business

Al Borg has 53 laboratories across eight countries in the Gulf and Africa

Saudi to stop hiring expatriate dentists

The move is aimed at reducing unemployment among Saudi dentists

Saudi forces kill ‘wanted man’ at Shi’ite district

Authorities say the town of al-Musawra has become a hideout for Shi’ite Muslim militants

Up to 20,000 jobs created in Saudi’s growing entertainment sector

The country’s entertainment sector reportedly generates SAR2.02 for every riyal spent on organising an event

New York Stock Exchange to woo Aramco IPO in upcoming Saudi visit

Saudi officials have said the IPO, planned for 2018, will be worth about $100bn

Saudi signals first cut in crude oil supplies to Asia

OPEC has previously kept supplies to clients in high-growth Asian markets steady, while cutting allocations to Europe and the US

Saudi Electricity swings to Q1 profit after municipality fee exemption

A royal decree exempted the Gulf’s largest utility firm from municipality fees

Bomb threat causes panic on Saudi airliner flynas’ flight heading to Cairo

An apparently mentally unstable 61-year old man was subdued by security staff

Saudi arrests 13 people over attempts to smuggle over 590kgs of cannabis

The suspects were reportedly attempting to smuggle the narcotics from Yemen

Saudi’s inclusion in MSCI’s emerging markets index could signal large inflows

MSCI could include the Tadawul in its emerging markets in June

Indian workers stranded in Saudi appeal to their government for help

The 24 Indian workers claim they are being ill-treated by their employer

Dubai contractor DSI seeking outstanding payments from Saudi Aramco

The company may consider all legal options including arbitration to recover the remaining amount

India’s top refiner in early talks with Saudi Aramco for new project

India, the world’s third biggest oil consumer, plans to build a 1.2 million bpd refinery to petrochemical project

UAE, Saudi rulers congratulate Macron on winning French presidential election

Emmanuel Macron beat Marine Le Pen with 66.06 per cent of the votes

Saudi energy minister says oil output cuts may extend beyond 2017

Major oil producers pledged to cut output by almost 1.8 million bpd during the first half of the year

Saudi Telecom signs deal to offer high-speed fibre optic broadband services

The project is expected to cost around $1.95bn

Saudi’s Ma’aden posts 41.9% Q1 profit rise

Profit was boosted by a rise in sales volumes and aluminium and gold prices

Saudi’s Kingdom Holding posts 12.7% rise in Q1 profit

The company, owned by Prince Alwaleed posted net profit of SAR129.1m in the three months ending March 31

Women’s advocates welcome Saudi step to relax male guardianship rule

The Saudi King reportedly issued an order allowing women to benefit from certain government services without the consent of a male guardian

Saudi, US in talks for arms sales worth billions of dollars

The United States has been the main supplier for most Saudi military needs

London bourse reveals new listing structure in a bid to attract Saudi Aramco IPO

Saudi Aramco’s initial public offering is expected to be the largest in history

Restoring public allowances to cost Saudi about SAR7bn in 2017

The government slashed the allowances last September, but announced last month that it would restore them

Qatar National Bank to seek Saudi investment banking licence

QNB plans to build its investment banking business through its branch network in Saudi Arabia

No more bank mergers in pipeline – Saudi central bank chief

Alawwal Bank and Saudi British Bank agreed last week to start talks on a possible merger

War in Yemen ‘not an option but a necessity’ – senior Saudi official

Saudi’s ambassador to Yemen says kingdom and its allies are seeking a political solution to Yemen’s crisis

Saudi King Salman’s brother Prince Mishaal dies

His funeral prayers will be held on Thursday at the holy grand mosque in Makkah