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Saudi Arabia

Video: Saudi unveils new currency

The new notes and coins mark the era of King Salman

Saudi’s first Anantara hotel to open in Jeddah

Anantara Jeddah Resort will be located on the waterfront in Obhur

Japan’s Bank of Tokyo-Mitsubishi to open branch in Saudi

Bank of Tokyo-Mitsubishi is the first Japanese bank to establish a presence in the kingdom

Saudi to launch new currency today

The first set of new banknotes and coins were delivered to King Salman yesterday

Riyadh Metro awards materials testing contract for two lines

The contract has been awarded to Advanced Construction Technology Services (ACTS)

Saudi’s Sadara to supply feedstock to Saudi Rufayah Chemicals

Saudi Arabia is trying to develop its downstream industry to produce diversified products near its petrochemical facilities

Bahrain, Saudi kings agree to study for new causeway

The new route would sit parallel to the existing King Fahd Causeway

Work on Saudi’s Taif International Airport to begin next year

The project was first announced in 2014

Saudi court sentences 15 to death for spying for Iran

The suspects were detained in 2013 on charges of spying for Iran and went on trial in February

Saudi, Kuwait expected to soon resume oil production in the Neutral Zone

The closure of the Neutral Zone’s fields has become a political sticking point between the two countries

Saudi King’s UAE visit to cause ‘paradigm shift in bilateral ties’ – Sheikh Mohammed

King Salman was awarded with the Zayed medal for his role in enhancing fraternal cooperation

Saudi appoints new labour minister, reshuffles religious and Shura councils

The changes come as the kingdom prepares to implement reforms proposed by its Vision 2030

How Saudi, Russia and Iran got the OPEC deal done

Russian President Vladmir Putin’s role as intermediary between Riyadh and Tehran was pivotal

Computer virus attack targets Saudi government bodies

The attack appeared to originate outside the country, officials said

Saudi to cut Jan crude prices to Asia after OPEC deal

OPEC and Russia said they will cut output by 1.5 million barrels per day

Senior US senators want to amend Saudi 9/11 law

Under the amendment, a government could be sued only if it “knowingly” engages with a terrorist entity

OPEC agrees to first oil output cut since 2008, Saudis take ‘big hit’

Non-OPEC Russia will join output cuts for the first time in 15 years

‘It is high-time Saudi women drive’ – Prince Alwaleed

The Saudi billionaire argued that the ban was an “infringement on a woman’s rights”

Saudi king opens $35bn mining hub in push to move beyond oil

Projects include a $5.6bn phosphate complex and a $10.8bn aluminium facility

Saudi king allocates SAR100bn to wealth fund PIF

The funds will be used to support both foreign and local investments

OPEC+meeting

Saudi at loggerheads with Iran, Iraq ahead of OPEC meeting

OPEC aims to reach a global output-limiting deal when it meets on Wednesday

Saudi wealth fund to buy 50% of investment firm Adeptio from Dubai’s Alabbar

Last month, a subsidiary of Adeptio completed the acquisition of a 67 per cent stake in Americana

Saudi government injects cash into economy following oil-linked slowdown

Riyadh raised $17.5bn last month in its first international bond issue

Saudi central bank’s net foreign assets shrink to lowest level since Dec 2011

Assets shrank by $10.8bn from a month earlier to $535.9bn in October

Revealed: Top 10 companies in Saudi Arabia in 2016

The biggest listed companies in the kingdom as ranked by market capitalisation

Saudi energy minister: No oil output cuts required

Khalid al-Falih said that he believed the oil market would balance itself in 2017

Saudi’s new nationalisation scheme aims to create over one million jobs

The programme will come up for voting in the Shoura Council this week

Saudi says it will not attend talks with non-OPEC producers

OPEC oil ministers meet on Wednesday to finalise proposed supply-limiting agreement

Saudi builder MMG’s former chairman proposes plan to save company

Mojil’s proposals include forming a new independent board of directors and recapitalising the company

Saudi’s 30-year bonds outperform other Gulf debt after Trump win

There is an unsatisfied demand for Saudi debt in the market