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Saudi Arabia

Saudi King Salman embraces “selfie” during his rare tour across Asia

The king is travelling with an entourage of several hundred people and nearly 500 tonnes of luggage

Millions of Saudi citizens, residents not yet provided medical insurance

Authorities estimate that about 2.5 million Saudi citizens are working in the private sector without medical cover

Saudi sovereign fund PIF eyes stakes in German tech, finance companies

Any stakes would be no greater than 10 per cent

Saudi King Salman begins 12-day Indonesia visit under tight security

The visit is the first by a Saudi monarch in nearly five decades

Saudi Aramco to shut Riyadh refinery for maintenance

The 126,000 barrels per day (bpd) crude oil refinery will be closed from March 1 for 80 days

GCC states to discuss regional rail project in April

Last year, the six countries agreed in principle to delay the 2018 completion date until 2021

Saudi begins new rail link between Riyadh and Al Qassim

The promotional fare has been fixed at SAR40 for adults and SAR20 for children

Saudi wants oil prices to reach around $60 in 2017 – sources

Crude oil prices are currently trading at around $56 a barrel

Saudi may raise domestic fuel prices by 30% from July

The government wants domestic fuel prices to be on a par with international levels by 2020

Malaysia’s Petronas, Saudi Aramco to enter $7bn oil refinery deal

The plant will be part of Malaysia’s Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang

Siemens to supply Saudi plant with locally produced gas turbines

Siemens has signed an agreement to supply the Fadhili plant with five F-class gas turbines

New Saudi SME stock market surges on first day

On their first day of trade, all seven Parallel Market stocks soared 20 per cent

Saudi businessman stabbed in Cairo – report

Mohammed Al-Shaarawi, chairman of a pilgrims services company, was allegedly attacked by an Egyptian businessman

Revealed: Top 5 most powerful Arabs from Saudi Arabia

The highest ranked Arabs originating from Saudi in Gulf Business’ annual Top 100 Most Powerful Arabs list

Saudi foreign minister makes rare visit to Baghdad

The kingdom plans to appoint a new Iraqi ambassador

Saudi King Salman begins month-long Asia tour to promote investment

The king is expected to visit Malaysia, Indonesia, Japan and China

Aramco IPO could push other GCC states, such as UAE, to list oil assets

The Saudi government plans to list up to 5 per cent of Aramco next year

Saudi accuses 32 people of spying for Iran

Saudi’s finance ministry names new head of public debt office

Ayman Alsayari was deputy governor for investment at Saudi Arabia Monetary Authority

More than half of Jeddah’s private schools face closure

Recent rule changes require private schools to switch to more education-friendly accomodation

Iran sends delegation to Saudi for talks on rejoining haj

Iran boycotted last year’s haj

Saudi Arabia allocates $10bn for Yemen reconstruction

President Abed Rabbo Mansour Hadi has called for reconstruction efforts to focus on power, water, roads, health and education infrastructure

Saudi Aramco recruits JPMorgan, M.Stanley for IPO, eyes Chinese investors

Up to 5 per cent of the world’s largest oil producer is likely to be listed

Malaysia’s Petronas, Saudi Aramco may sign new deal on refinery project

Aramco previously scrapped a $20.1bn project with Petronas

Exclusive: PepsiCo to open one of its largest manufacturing plants in Saudi

The beverages plant will open later this year in Jeddah

Saudi seeks to revive Yemen free zone plans

Plans for a free zone between the two countries were put on hold after 2011

Saudi Aramco selects lead underwriters for $100bn IPO

JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings have reportedly been selected

Saudi sees first deflation in over a decade

Prices fell 0.4 per cent from a year earlier last month, their first drop since the early 2000s

Saudi issues request for proposals for international sukuk

The sovereign issued a debut $17.5bn bond in October last year

Saudi favours New York for Aramco IPO

Saudi officials expect the IPO to value Aramco at a minimum of $2 trillion

Saudi seeks bids for first round of its renewable energy programme

The requests for qualifications (RFQ) process is open to local, regional and international developers and consortiums