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Saudi wealth fund hires HSBC for potential buy of ACWA Power stake

The Public Investment Fund already owns a 13.7 per cent stake in ACWA

Saudi-bound Air India Express flight makes emergency landing in Kerala

The emergency landing took place after “sparks” were seen in the aircraft

Saudi aims to generate $64bn in annual mining revenues by 2030

Khalid Al-Falih said the kingdom aimed to more than triple the mining sector’s GDP contribution

Four charged with plotting to assassinate late Saudi King Abdullah

The defendants were also charged with belonging to an extremist group

Saudi builder Khodari says projects worth $96.6m delayed

The projects have been delayed due to factors ranging from the slow issuance of visas to clients facing funding shortages

Saudi stock exchange to flag companies with losses exceeding 20%

Flags will be placed beside company names on the Saudi Stock Exchange website when they exceed 20, 35 and 50 per cent losses

Investcorp buys stake in Saudi’s Al Borg Medical Laboratories

Sources said Investcorp invested between $100m to $200m for a 30 to 40 per cent stake in the company

Saudi to set up national water and energy efficiency programme

Saudi aims to reduce electricity and water subsidies by SAR200bn by 2020

Saudi approves privatisation of professional football clubs

A supervising committee will oversee the privatisation process

Rowan, Saudi Aramco form JV to operate offshore drilling rigs

The joint venture will begin operations in the second quarter of 2017

Troubled Saudi builder MMG appeals to deputy crown prince

The company said it may not be able to continue operations

Marriott to open new Four Points by Sheraton hotel in Riyadh

The 130-key hotel is scheduled to open in 2019

Another 1,000 Saudi mobile shops shut from Sept-Nov

Thousands of shops have been closed following the introduction of new Saudisation rules

Rocket attacks in Saudi and air strikes in Yemen strain truce

The truce was announced on Friday night as a step to end the 20-month old war

Spanish firms reach deal with Saudi over Mecca-Medina rail link

A series of delays and setbacks have hit the project

Saudi pays SAR40bn owed to contractors

An officially has indicated delayed projects would be revived following the payments

Missile from Yemen kills Saudi soldier hours before ceasefire

The 48-hour truce started at noon on Saturday

Trump unlikely to act on threat to stop buying Saudi oil

The US has always had a complicated relationship with Saudi, writes Reuters’ columnist John Kemp

Saudi sovereign fund makes key hires under reform strategy

Under government reforms, PIF will invest more actively abroad

Saudi energy minister urges OPEC to cut oil output

OPEC agreed in September to limit supply with special conditions given to Libya, Nigeria and Iran

Iran overtakes Saudi as top oil supplier to India

Iran’s surge to the top spot is due partly to less available crude from Saudi

Saudi’s King Salman to shake-up Shoura Council

At least 18 members of the consultative body are expected to be replaced

Aramco IPO to reveal true extent of Saudi oil reserves

Khalid al-Falih said third parties would independently verify “reserves” disclosed to investors

Saudi wealth fund PIF denies plans to sell its stakes in local firms

A report claimed the PIF is reviewing the sale of stakes in local companies as it seeks to diversify its portfolio

Saudi intercepts and damages missile from Yemen

The missile was targeted towards the city of Najran

Six Flags aims to open first Saudi park by 2021

Six Flags could open up to three parks in the kingdom

Saudi council recommends privatisation of clubs in top football league

Currently most of the teams in the Saudi Professional League are government owned

Saudi central bank predicts 1.8% GDP growth this year

The non-oil sector is expected to expand 2.5 per cent

Runaway expat workers in Saudi face permanent ban from the country

Workers given Huroob status will never be able to return to the country

Saudi stock market lists its first real estate fund

Riyad REIT was capitalised at SAR500m