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Saudi Arabia

Accor opens 15th Saudi hotel, Suite Novotel Riyadh Dyar

The new midscale property is the French group’s fifth hotel in Riyadh

Saudi satire star Nasser Al Qasabi receives death threats from ISIL

His comedy show ‘Selfie’ which debuted last week on MBC, has won praise for daring to mock the hardline militant group

Saudi Aramco may shut Jeddah refinery in several years

The refinery, which started operating in 1967, serves much of the country’s western region

Oil price fall not slowing growth in UAE, Saudi –report

Both countries have recorded growth in new business orders and have seen a rise in output, a report says

Saudis say to jointly invest up to $10bn with Russian fund

No details have been disclosed as yet about where or when the joint investments would be made

Saudi Arabia, Russia sign nuclear power cooperation deal

The King Abdullah City for Atomic and Renewable Energy announced the cooperation deal on its website

Saudi Arabia’s crude oil exports slip in April

Exports fell to 7.737 million bpd from 7.898 million in March when they hit their highest levels in almost a decade

Saudi warns citizens against sharing “faked” documents after Wikileaks release

WikiLeaks published more than 60,000 documents on Friday it says are secret Saudi diplomatic communications

Anger over Arab wars fuels jihadi threat in Saudi Arabia

A total of 2,284 Saudis have joined militant groups in Syria since the conflict began in 2011

Russia, Saudi Arabia to discuss broad oil cooperation agreement

The talks follow OPEC’s meeting on June 5 in which the group kept its output policy unchanged

Bahrain says seizes explosives intended for use in Saudi Arabia

The police chief said the seizure was made possible by information arising from the capture in May of a vehicle containing similar explosives

Saudi king appoints new head of grains business

Ahmad bin Abdelaziz Al-Fares replaces Abdulrahman bin Saleh Al-Ruwatie, who was the acting director-general of the GSFMO.

Al Qaeda in Yemen execute 2 Saudis accused of spying for America

Two Saudis, named al-Mutairi and al-Khaledi, were reportedly killed

Saudi billionaire Prince Alwaleed, Forbes settle libel case

The Prince and Forbes have been embroiled in a dispute ever since the magazine’s annual billionaires list was published in 2013

Saudi bourse CEO sees flurry of foreign investor licenses soon

Saudi’s market regulator has said foreign institutions can buy stocks directly from June 15, but it has not so far announced the award of any licences

Saudi Arabian Airlines purchases 50 Airbus aircraft

The company did not disclose the value of the deal but other media reports valued it at $8.2 billion.

Saudi opening may be non-event with no licences awarded yet

Saudi Arabia’s Capital Market Authority has indicated it does not want or expect large, sudden fund inflows

Airbus in talks to sell up to 50 planes to Saudi Arabian Airlines

The deal could include 30 A320neo planes and up to 20 A330 aircraft, sources said

Saudi Arabia to reconsider applying Nitaqat system in select sectors

The government said that it will rethink quotas in some sectors which failed to attract citizens due to the nature of work involved

Will the Tadawul’s opening be a turning point for Saudi’s economy?

The region is holding its breath as Saudi Arabia finally opens up the Tadawul to foreign investors, but are the doors fully ajar?

Crunch time coming for Saudi campaign as options narrow in Yemen

Riyadh may soon have to face a choice: accept the de facto control of its foes over Sanaa and cut a deal, or keep fighting with the risk of Yemen sinking into total chaos.

Saudi Aramco says no cut in oil exports despite local demand

The company officials said while Chinese oil demand was stabilizing, the highest growth was likely to come from India in the second half of this year.

Luxury Belgian chocolatier Godiva plans major UAE, Saudi expansion

The company aims to double the number of outlets in the UAE and Saudi Arabia in the next six to 12 months

Saudi Arabia summons Iran ambassador after poisoning of Saudis

A group of 33 pilgrims from Saudi was exposed to poison on Sunday while staying at a Mashhad hotel.

Saudi regulator suspends trading in Mobily shares from Tues

The regulator has been investigating Mobily after the firm slashed 18 months of previously announced profits.

Saudi Supreme Court upholds blogger’s sentence

Raif Badawi was sentenced to 1,000 lashes, a 10-year jail term and a fine of SAR 1 million last year.

Saudi-led air strikes kill 44 in attack on Yemeni army compound

More than 100 people, including civilians, were also wounded in the attack, according to reports.

Saudi Arabia arrests 45 suspects in mosque bombing case

The arrests come after the government declared a reward for helping nab the suspects in the mosque bombing case and for providing information about future attacks.

Attacks on Shi’ites create pivotal moment for Saudi state

The government has allowed Shi’ites to set up community protection groups to search people entering mosques and checkpoints to monitor entrances to villages after the attacks.

Egypt’s EFG-Hermes plans Saudi Islamic fund as market opens up

EFG-Hermes says nearly a third of its $3 billion of assets under management is in Saudi Arabia, with $265 million managed by its Saudi unit.