Home next GCC next Saudi Arabia

Saudi Arabia

Tunneling work begins on mega Riyadh Metro project

The 176 km six-line driverless network is scheduled for completion in 2019

Movenpick Hotels & Resorts to open fourth hotel in Jeddah

The new hotel is scheduled to open in the first quarter of 2019 and will be located on Prince Sultan road in Jeddah

Three Saudi brothers arrested over links to Kuwait ISIL bombing

The bombing, which killed 27 people, was Kuwait’s deadliest militant attack

Saudi-led air strikes kill nearly 100 in Yemen

The UN has been pushing for a halt to the air strikes and fighting that has killed nearly 3,000 people in Yemen since March

GCC smartphone market up 21% in Q1 – IDC

The smartphone market’s share in the region is now just under 77 per cent

Saudi Aramco lowers August Arab Light crude price to Asia

The Saudi state oil company has lowered the August price for its Arab Light grade for Asian customers by 10 cents a barrel versus July

Saudi June non-oil business growth at record low

The PMI, a regular survey of businesses, reached its lowest level since August 2009

Saudi’s SABIC unit, South Korea’s SK form polyethylene project

Total investment will be about $640m for the technology and plant construction

New terminal with A380-size runway opens in Madinah airport

The terminal will be spread across three floors and includes an extended and widened runway

Saudi says ISIL supporter killed in fire exchange with police

The 32-year-old militant had been jailed in the past for six years on criminal charges

Saudi-led air strikes on Yemen cities kill 16 – Houthis

The United Nations last week designated the Yemen war as a Level 3 humanitarian crisis, its most severe category

ISIL weaves web of support in Gulf Arab states

Kuwait attack has raised concerns about the number of young Saudi men willing to travel to attack Shi’ites in smaller Gulf countries, taking advantage of the visa-free travel

Saudi economy accelerates in Q1, may not be sustained

Gross domestic product, adjusted for inflation, grew 2.4 per cent from a year earlier in the first quarter

Saudi’s Alwaleed to give $32bn to charity in coming years

Prince Alwaleed said some of the donated wealth will include his personal stake in his investment firm Kingdom Holding

Saudi government acquires stake in Virgin Mobile’s local operations

Virgin Mobile said the investment would be used to grow its regional operations

Saudi central bank May net foreign reserves drop 1% to $672bn

Assets dropped by 8.1 per cent from a year earlier to their lowest level since April 2013, central bank data showed

Saudi regulator maintains Mobily shares halt until restated financials disclosed

Mobily shares have been suspended since June, when the market regulator halted trading until the operator disclosed the financial impact of an investigation into its accounts.

Saudi’s Almarai gets final $210.6m bakery fire compensation

The Saudi Arabian company had already received SAR 250m from Arabian Shield Cooperative Insurance Co in late March

Saudi’s Mobily to reissue 2014, Q1 2015 results after regulator probe

The company made the statement after a team appointed by the Capital Market Authority identified concerns over Mobily’s contracts with customers

Saudi-led jets bomb Yemen as Hadi government rejects new talks

Talks in Geneva last week ended without a resolution to the conflict, which has claimed more than 2,800 lives

French group to invest at least $150m in Saudi’s Kingdom Holding

Aeroports de Paris, insurer AXA and construction group Eiffage are among the companies in the consortium led by France’s Caisse des Depots (CDC).

Saudi investor’s Ethiopian farms to raise coffee, tea output

Horizon Plantations and Ethio Agri-CEFT plans to more than double its coffee production and expand tea output.

France, Saudi Arabia seeking to sign deals worth $12bn

The countries set up a joint committee in May to finalise some 20 projects across sectors ranging from defence to transport infrastructure

Saudi Yasref refinery reaches full capacity milestone

The refinery is now processing crude at full capacity of 400,000 barrels per day

Saudi Arabia loses spot as top crude supplier to India, China in May

The kingdom fell behind Nigeria for Indian supplies and lost out to Russia and Angola for crude supplies to China

Saudi carrier takes 50 Airbus planes in Islamic leasing deal

Dubai-based International Airfinance Corporation will buy the aircraft and lease them to Saudi Arabian Airlines

Russia’s Lukoil says Saudi Aramco wants to raise stake in Luksar

Luksar is a joint venture between Aramco and Russia’s Lukoil

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