Home next GCC next Saudi Arabia

Saudi Arabia

Bahrain’s GFH Says To Buy Mall In Saudi Arabia For $48m

The investment will produce an average semi-annual cash return of 12 per cent, GFH said.

Yemeni Houthis Call On UN To End Saudi Strikes

The United Nations says the conflict in Yemen has killed 600 people, wounded 2,200 and displaced 100,000 since September.

Saudi Restructures Oil Giant Aramco; Senior VP Named Acting CEO

On Wednesday, Saudi King Salman appointed Saudi Aramco’s CEO as chairman of the state oil firm and health minister.

Saudi Border Guard Killed On Yemen Frontier

Private Gharbi Rajah al-Hassan al-Mujaishi was patrolling on Thursday morning in the Hareth sector in Jizan province when he was killed.

Saudi Central Bank Says Would Welcome Insurance Mergers

A number of Saudi insurance firms have been loss-making for years because of severe competition in the market.

Saudi’s Naimi Says Succession Changes Positive For Oil Market

King Salman named his nephew Mohammed bin Nayef, 55, and his son Mohammed bin Salman, 30, as his heirs on Wednesday.

Saudis Under Time Pressure To Break Yemen Stalemate

Yemenis warn that the longer the fighting lasts, the harder it will be to restore meaningful state control.

poultry_farming_as_one_of_the_activities_of_the_training_center.

Saudi Arabia Bans Poultry Meat From Canadian Province Ontario

The ban was imposed due to the presence of avian influenza on three Ontario farms.

Saudi Arabia Trains Yemeni Tribal Fighters In War Against Houthis

So far the fighting and air strikes have killed over 1,000 people since the bombings started on March 26.

Saudi Al-Bassam, Sumou Holding To Set Up $751m Fund To Invest In Turkey

The group is aiming to work with state firms such as TOKI, Emlak Konut and Kiptas.

Saudi King Orders One-Month Salary Bonus For Security Personnel

The state news agency did not say how much money would be disbursed for the bonus, but it is likely to be sizeable.

Saudi Central Bank Foreign Assets Drop In March To Cover Budget Gap

Net foreign assets reached SAR2.59 trillion in March, their lowest level since July 2013.

Saudi King Resets Succession To Cope With Turbulent Times

Interior Minister Mohammed bin Nayef has been appointed King Salman’s new heir, replacing Prince Muqrin.

Profile: New Saudi Crown Prince Marks Generational Shift

Interior Minister Prince Mohammed bin Nayef will be the country’s first king from the third generation of its ruling dynasty.

Oil Dips As Oversupply Outweighs Saudi Royal Reshuffle

In a surprise move, Saudi King Salman on Wednesday appointed his nephew, Deputy Crown Prince Mohammed bin Nayef, as the new heir apparent.

Aramco CEO Khalid al-Falih Appointed Saudi Health Minister And Chairman

Falih’s replacement as head of Aramco, which he had led since January 2009, was not immediately named.

Saudi-Led Planes Bomb Sanaa Airport To Stop Iranian Plane Landing

Iran said the plane was carrying humanitarian aid to Sanaa.

Saudi Arabia Arrests 93 ISIL suspects, Foils U.S. Embassy Attack

Among those arrested, at least 65 are Saudi nationals, the report said.

Tougher Mortgage Rules Spark Plunge In Riyadh Property Sales -JLL

The number of house sales in Riyadh between the time the new lending limits were introduced and the end of last month fell 70 per cent from a year earlier.

Saudi Arabia Says Its Crude Exports Fell Slightly In Feb

The Kingdom shipped 7.35 million bpd of crude oil in February this year, down from 7.474 million in January.

Second Suspect In Saudi Police Killings Arrested – Ministry

The suspect, Nawaf Sharif Samir al-Onaizi, was reportedly hiding in a desert area northwest of Riyadh.

U.S. Blames Houthi Battlefield Moves For Renewed Saudi Strikes

Riyadh announced last week that it was ending its nearly five-week-old bombing campaign, except in places where the Houthis were advancing.

Saudi Arabia Ready To Supply Any Additional China Oil Demand

Saudi Arabia’s Oil Minister Ali al-Naimi reiterated that the Kingdom intends to remain the world’s number one oil supplier.

Saudi Oil Output Based On Demand, Market ‘Excellent’ – Deputy Oil Min

The world’s top oil exporter is keen to maintain its market share, Prince Abdulaziz Bin Salman Bin Abdulaziz said.

Saudi’s Itqan Capital To Add Brokerage, PE Fund To Services

The new business will be developed as a joint venture with Bahrain-based brokerage Mubasher Financial Service.

Two Die As Saudi Military Plane Crashes During Training

The plane belonged to the King Faisal Air Academy, a military flight school in Riyadh, the Saudi Press Agency said.

Saudi Ma’aden’s Gold And Metals Unit Gets SAR1.2bn Loan

The loan will be repaid in 14 installments spread across seven years.

Saudi Sipchem Says Plant Shutdown Cost $4.8m

The closures lasted between 20 and 26 days.

Saudi PetroRabigh Starts Maintenance Work On VDU Unit

The firm said the effect of the work on its financials was unclear and would be announced at a later date.

Iran Summons Saudi Diplomat Over Plane Interception In Yemen

ISNA said two Iranian cargo planes carrying food and medicine to Yemen had been forced by Saudi jets to leave Yemeni airspace.