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Saudi Bank Samba Sees 3.1% Q1 Net Profit Gain

The bank attributed its increase in net profit to higher total operating income.

Saudi Repeats Would Need Cooperation To Improve Oil Prices

The Saudi cabinet also affirmed that the Kingdom is not in competition with shale or other high-cost oil supplies.

Bad Weather Shuts Saudi Arabia’s Ras Tanura Port

Ras Tanura port is a major oil operations centre for Saudi Aramco.

Iran Suspends Saudi Arabia Pilgrimage Over Sexual Assault Allegations

The suspension comes as two Iranian teenagers were allegedly assaulted by Saudi security officers during their pilgrimage.

Cayan Group Reveals Property Projects Worth Dhs3.1bn In Dubai, Saudi

The company’s latest portfolio of projects includes residential properties in Riyadh and Dubai and a commercial tower in Riyadh.

Saudi Regulator Lifts Suspension On PetroRabigh shares

Trading in PetroRabigh was suspended by the Capital Market Authority on Sunday after the company did not commit to listing rules.

Saudi’s PetroRabigh Says Plans $1.9bn Rights Issue

The company said that it will use the money raised to help fund its expansion.

Saudi Arabia Trims Oil Supply To Some Asian Buyers -Sources

For the past two months, the Kingdom had informed some customers that they would receive full contracted volumes, only to trim supply later.

Saudi Arabia Dismisses Iran Calls For Yemen Ceasefire

Saudi and its Arab allies began air strikes against Iranian-allied Houthi militia fighters in Yemen more than two weeks ago.

Air Strikes Kill Eight Civilians In Yemen

The air raids were reportedly aimed at a site held by soldiers loyal to former Yemeni President Ali Abdullah Saleh.

Saudi Market Regulator Halts PetroRabigh Shares For Disclosure Rule Breach

The suspension would remain in place until the company meets regulatory requirements on disclosure, the CMA said.

UAE Hits Out At Pakistan’s Neutral Stand In Yemen Crisis

UAE Minister Anwar Gargash has criticised Pakistan for not sending military assistance to the Saudi-led coalition fighting Yemen’s Houthi militants.

Saudi King Relieves Health Minister, Second In A Month

Mohammed bin Abdulmalik bin Abdullah Al Al-Sheikh will be acting health minister, state news agency SPA said.

Houthi Mortar Shell Kills Three Saudi Officers On Yemen Border

The statement was given by Saudi’s defence ministry.

Saudi Authorities Catch Police Shooting Suspect

Police found the weapon and car used for the shootings at the home of Rami Abdullah Thulab al-Shammari.

Iran Summons Saudi Envoy Over Houthi Remarks

Iran’s Foreign Ministry said the envoy was summoned over the “baseless accusations” by Brigadier-General Ahmed Asseri.

Saudi Oil Minister Adviser: Annual Oil Demand Seen Growing To 1m bpd

The increase is in line with the growth in world consumption, which is likely to increase to 105 million bpd in 2025.

Iran’s Khamenei Says Saudi Air Strikes In Yemen Causing Genocide

Iran’s Supreme Leader Ayatollah Ali Khamenei called for Saudi Arabia’s actions in Yemen to be tried in international courts.

Dubai’s Nshama Awards Town Square Service Contract To Binladin Group

Saudi-based Binladin is the first company to win a contract for the mega 31 million sq ft Town Square development in Dubai.

Saudi Arabia Postpones Third Phase Of Nitaqat Over Private Sector Backlash

The latest phase requires a large increase in local employee quotas in the private sector, which could lead to a negative impact on the economy.

Saudi Arabia Blocks Iran Flight Carrying Pilgrims

Th Iranian flight carrying 260 pilgrims, had not got prior clearance, Saudi’s state news agency reported.

Saudi-Led Air Strikes Hit Sanaa, Border Areas And South Yemen Overnight

Saudi Arabia, backed by four GCC states and other allies, has waged two weeks of air strikes against the Iran-allied Houthis.

Iranian President Calls On Saudi To End Yemen Air Strikes

Saudi Arabia and a coalition have waged air strikes against the Iran-allied Houthis to try to drive them back from Aden.

Oil Edges Back From 6% Fall, But Outlook Weak

The slump in the previous session was triggered by a shock jump in U.S. crude inventories and record Saudi output.

Saudi’s Bahri Says Q1 Net Profit More Than Doubles

It attributed the rise to an increase in its fleet of very large crude carriers to 31 from 17.

Abraaj Says Completes Investment With TPG In Saudi’s Kudu

The deal is a first in the region for TPG, which manages about $65 billion of capital.

Saudi Shipper Bahri Signs Deal With South Korea’s S-Oil

Bahri expects to book revenues of at least $67 million annually from the deal.

Banque Saudi Fransi Q1 Net Profit Rises 22.7%, Beats Forecasts

The bank attributed its rise in net profit to an increase in total operating income.

Saudis Say Efficiency Drive To Save 20% Of Energy Use

Rules introduced in the last few years require homes and businesses to install insulation and tighten standards for air conditioners.

Two Saudi Policemen Shot Dead In Riyadh

The policemen were patrolling in their vehicle at 1:30 a.m. when shots were fired at them.