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Saudi Arabia

Saudi Prince Badr bin Mohammed dies

His funeral prayer will be performed on Monday in Riyadh

Saudi women allowed to operate food carts in Jeddah

The first cart operated by a Saudi woman has been licensed in Jeddah

Trump speaks to Saudi, UAE leaders, discusses counter-terrorism push

The leaders also reportedly discussed heightening economic cooperation

Trump to speak to Saudi, UAE leaders – White House

The talks follow an uproar in the Middle East over Trump’s policy to ban travellers from seven Muslim majority countries

Two expats in Saudi critical after being infected with MERS virus

The two men are among six others infected with the virus in the last week

Saudi Aramco’s oil reserves confirmed by external audit ahead of IPO

Based on a figure of 265 billion barrels, Aramco’s fields contain about 15 per cent of the world’s proven reserves

Saudi affirms SAR2,000 fine on employers who withhold workers’ passports

Under law, foreign workers have the right to keep their passports and official documents

Hyatt opens third Saudi hotel in Riyadh

The 28-floor property is located within the Olaya financial area

MSCI says it welcomes Saudi stock market reforms

MSCi said it could launch in June a review of whether to include Saudi in its emerging market index

Saudi builder Khodari says projects worth $83.4m delayed

The total value of the firm’s backlog of uncompleted work stood at SAR2.85bn as of end-2016

Firms accused of exploiting labour laws after cutting Saudi staff

Experts argued companies should seek merger and other options rather than retrenching Saudi employees

Saudi Shoura Council rejects proposal to tax expat remittances

The proposal included a 6 per cent tax on expat remittances

UAE mid-level managers paid an average of $95,120 per year – report

Saudi Arabia was found to have the second highest gross salaries in the MEA region

Saudi warns on cyber defense as Shamoon virus resurfaces

The labour ministry said it had been attacked and a chemicals firm reported a network disruption

Saudi businessman Sheikh Adel Aujan passes away

The chairman of Aujan Group Holding, Sheikh Adel was part of the company for 48 years

Saudi accuses 32 people of spying for Iran

Saudi inflation plunge aids government in fight to tame deficit

Much of the decline was due to lower food prices, which fell 4.3 per cent from a year earlier

Russia beats Saudi as China’s top crude oil supplier in 2016

Russian shipments surged nearly a quarter over 2015 to about 1.05 million barrels per day

Saudi Electricity Company staff accused in corruption case

Irregularities were found in the issuance of eight contracts worth more than SAR80m

Saudi finance ministry says no fees on expat workers’ remittances

Around a third of Saudi Arabia’s 30 million inhabitants are foreigners

Saudi Aramco operating 220 rigs, says energy minister

The kingdom is maintaining production capacity at 12.5 million barrels per day

Saudi, Russian ministers satisfied with compliance on oil output cuts

Producers will lower output by nearly 1.8 million barrels per day under the deal

Saudi’s SABIC to acquire remaining 50% of Shell venture for $820m

The venture, known as SADAF, operates six petrochemical plants in Saudi

Despite diversification efforts, oil revenues vital for Saudi’s growth

The increase in oil prices is expected to help the country narrow its budget deficit this year

Saudi’s PetroRabigh to restart petchem complex after brief shutdown

The whole complex at Rabigh was closed as a precautionary measure after a technical failure

Saudi ATMs won’t accept new currency notes for six months

The new currency to mark the era of King Salman was first made available at the end of December

Two militants blow themselves up in Jeddah

Saudi security forces surrounded their house and exchanged fire with the men, who blew themselves up

Saudi’s SABIC looking to invest up to $3bn in the US – CEO

SABIC is keen to invest abroad to diversify its risks and improve its access to foreign markets

Saudi’s new fingerprint policy pushes Mobily into Q4 loss

Under new rules announced last year, all SIM cards issued in Saudi must be linked to a fingerprint record

Saudi’s SABIC Q4 net profit jumps 48%

The company attributed the profit jump to a lower average cost of sales

Saudi Shoura Council to discuss expat remittance tax proposal next week

The proposal would also limit the amount of cash expats could carry out of the kingdom