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Saudi Arabia

Different Arab money

GCC funding needs could reach $560bn between 2015-2019 – S&P

The region is continuing to feel a strong impact from low oil prices

Saudi Oger seeking buyers for $1bn Arab Bank stake

A small number of potential buyers from Saudi Arabia and the wider Middle East have started negotiations, sources said

Saudi, UAE and Kuwait ranked among most empathetic countries

A new study has found people from the three Gulf countries are among the most empathetic in the world

Saudi issues new laws for foreign marriages

The new rules set strict requirements on age difference, earnings and even bar marriage to nationals of certain countries

Saudi coalition says wrong information led to Yemen funeral attack

The air strike on the funeral gathering in Sanaa killed 140 people, according to a UN estimate

Saudi Arabia: Fighting fires on many fronts

Diversification and restructuring may be a necessary evolution for the kingdom, but a bright future is far from assured

Egypt received $2bn deposit from Saudi in September

The amount was received before a suspension of petroleum aid by Saudi, which began on October 1

GE expands Saudi manufacturing facility, adds jobs for locals

GE’s manufacturing and technology centre will now be able to produce HA and F-class turbines

US Navy again faces missile attack from Houthi territory in Yemen

This is the second such incident in four days

Saudi Hollandi Bank mulling possible name change

The lender also said on Wednesday that its managing director Bernd Van Linder has resigned

Saudi forces intercept two missiles from Yemen

The missiles were reportedly directed at the Saudi city of Jazan

Saudi’s Shoura Council to consider citizenship for children of non-Saudi fathers

Children of Saudi mothers and non-Saudi fathers are not currently granted automatic citizenship

Dubai’s Drake & Scull denies legal case from Saudi developer

Reports earlier this month suggested Lamar Investment and Real Estate was filing a SAR200m lawsuit against the company

Saudi Aramco eyes 2018 for mega IPO – CEO

All markets are still being considered for the IPO of up to 5 per cent of Aramco, said Amin Nasser

Saudi coalition promises investigation into Yemen attack

The airstrike, which is believed to have hit a funeral gathering, killed more than 140 people

Expats over 60 in Saudi to account for two employees under Nitaqat scheme

Expats registered as investors, academicians and doctors will be exempt from the ruling

Saudi-led coalition denies role in Sanaa incident which killed at least 82

The air strike took place on a building where mourners were gathered on Saturday

Egyptian court hears appeal for controversial Saudi island deal

An Egyptian court rescinded the country’s decision to handover disputed Red islands to Saudi Arabia in June

Five minutes with… Jean-Yves Tolot, chairman, Thales Saudi Arabia

French defence firm Thales is positive about growth in Saudi despite the impact of low oil prices

GCC mulls unified law to ‘combat terrorism’

The law was discussed during a meeting between the GCC justice ministers in Riyadh

Saudi riyal peg not under threat – Credit Suisse

The bank said Saudi still had adequate foreign reserves to defend its currency

Saudi signs deals for 10,000 homes in Eastern Province

Saudi Arabia is seeking partners to build 1.5 million homes in the coming years to address a shortage of housing

Saudi Electricity awards France’s Engie $1.2bn power station contract

The plant will be operational by December 2019

Expats can’t be employed by ride hailing services in Saudi

Only Saudis are allowed to work with companies like Uber and Careem using their private vehicles

Dubai’s Drake & Scull says hopes to resolve Lamar dispute

The builder was blamed for delays to a project on Jeddah’s corniche

Saudi central bank studying how to reschedule mortgages

The central bank issued instructions to banks on Sunday on how they should reschedule the consumer loans

Revealed: World’s 10 ‘best’ countries, Saudi in top 30

Saudi lawyer calls on kingdom to enact its own JASTA

The controversial US bill allowing families of 9/11 victims to sue Saudi Arabia was made law last week

Saudi Binladin receives new funds to pay workers

Binladin is said to have finished paying months of back pay to 70,000 workers

Saudi ‘keen’ for oil market stability – cabinet

Saudi is “ready to participate in any collective action” to achieve this goal, the cabinet said

Saudi Electric to seek private investment for 5,400MW of projects

The projects may be executed in phases