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Yemen War Clouds Raise Dangers For Top Oil Shipping Route

The conflict could potentially damage Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia.

Saudi Suspends Flights At Southern Airports Amid Yemen Strikes

The airports affected include Jizan, Abha and Wadi al- Dawaser, the General Authority of Civil Aviation said.

Pakistan Says Considering Saudi Request For Troops For Yemen

The decision to send troops to Yemen to support the Gulf states’ operation is being examined by Pakistan, an official said.

Saudi’s Almarai Says Gets $67m Compensation For Bakery Fire

The fire in October 2014 caused “significant” damage at one of Almarai’s bakeries in Jeddah, the company said at that time.

Saudi Hardware Retailer SACO To Launch Share Sale In April

Subscription for the initial public offering will open on April 22 and run until April 28.

Saudi Sahara, Ma’aden Petchem Plant Shut For Maintenance In April

The plant, in Jubail, is operated by Sahara & Ma’aden Petrochemicals Co (SAMAPCO) and will be offline for 25 days from April 1.

Saudi’s Dar Al Arkan Says Land Tax Unlikely To Hurt Business

Dar Al Arkan chairman Yousef al-Shelash said that he did not expect the tax to be applied to this land, since the company was in the process of developing it.

Saudi Arabia Building Up Military Near Yemen Border – U.S. Officials

The armor and artillery being moved by Saudi Arabia could be used for offensive or defensive purposes, two U.S. government sources said.

Saudi Arabia To Build ‘Women-Only’ Industrial City In Jeddah

The city, designed to increase female employment opportunities in the Kingdom, will span five million square metres.

Saudi Ma’aden Says Shut Down Ammonia Plant

The plant, located in the Ma’aden complex at Ras Al Khair city, was shut down on March 23 “for a period of around 10 days”, the company said.

Saudi To Reward Inspectors For Uncovering Labour Law Violations

The Kingdom has priortised job creation among its local population to drive economic growth and improve economic diversification.

Saudi Real Estate Shares Tumble On Decision To Tax Undeveloped Land

The cabinet’s decision aims to push out more land out into the market where it can be developed.

Saudi Ma’aden Shuts Down Ammonia Plant After Cooling Facility Fault

The company said that the shutdown at the facility in Ras Al Khair would last for around 10 days.

Saudis Claw Back Global Market Share With Oil Output Push

The Kingdom is now pumping around 10 million barrels per day – near an all-time high as it looks to grab a bigger share of the oil market.

Saudi Arabia Reshuffles Government Funds Under Finance Ministry

Each institutional fund will now belong to a ministry or other body related to its function, and be chaired by the minister.

Saudi Cabinet Targets Housing Gap With Tax On Undeveloped Land

Much urban land in the kingdom is owned by wealthy individuals or companies who prefer holding it as a store of value, or trading it for speculative profits.

Saudi’s Advanced Petrochemical Resumes Production After Maintenance

Full operational capacity at the two plants would be achieved in 8-10 days.

Saudi Arabia: Arabs Will Take Action Over Yemen If Peace Efforts Fail

Foreign minister Prince Saud al Faisal repeated an invitation to all Yemen’s rival factions, including the Houthis, to attend peace talks in the kingdom.

Oil Prices Drop After Saudi Arabia Says It Will Not Cut Output Alone

Saudi Oil Minister Ali al-Naimi asserted on Sunday that the Kingdom will not curb output to prop up prices.

Dubai’s Arabtec Seeks To Sell Four Saudi Units, Eyes Kingdom Expansion

Arabtec’s board has approved disposing of Arabtec Saudi Arabia, Arabtec Construction Machinery, Saudi Austrian Arabian Ready Mix Co and EFECO Saudi.

Saudi Arabia Invites Iraq’s Abadi To Visit In Big Sign Of Thaw

Iraqi PM Haidar al-Abadi’s office gave no details about the invitation or when the possible visit would take place.

Saudi Oil Minister Denies “Conspiracy Theory” Behind OPEC Decision

Ali al-Naimi also said that OPEC will not take sole responsibility for propping up the oil price.

Dubai Investments Forms JV To Develop Projects In Saudi

The joint venture firm’s first project in Saudi Arabia will be an 11 million square metres project called Riyadh Investment Park.

US Embassy In Saudi Reopens After Week-Long Closure

Consular operations in Saudi Arabia were first suspended last week over heightened security concerns.

Saudi Arabia Stops Business Visas To Swedes In Diplomatic Row

Saudi Arabia recalled its ambassador to Stockholm earlier this month, after Sweden ended a long-standing defense cooperation agreement with the Kingdom.

Saudi Arabia’s OPEC Governor: Hard To Reach $100-120 Oil Again

Mohammed al-Madi said that the current price drop was because of fundamental supply and demand factors, not any non-economic policies.

Saudi Looking Beyond Oil Price Slump As Rig Count Spikes

The Kingdom has been ramping up the number of machines drilling for oil and gas.

Saudi Food Firm Savola Cuts First-Quarter Profit Forecast

Savola reduced its projection to SAR178 million before capital gain from its previous forecast of SAR360 million.

Kuwait Detains Political Activist Over Tweets Against Saudi Arabia

Tariq al-Mutairi, head of the liberal Civil Democratic Movement was detained on his way home early on Wednesday.

US Embassy In Saudi Continues To Remain Closed Over Security Fears

Currently no visa or consular services are being provided in Riyadh, Jeddah or Dhahran.