Home GCC Saudi Arabia

Saudi Arabia

Saudi Arabia Warns Of MERS Virus Risk From Camels

More than a quarter of the 480 diagnosed with MERS in Saudi Arabia have died.

Egypt To Get More Than $3bn In Free Fuel From Saudi By August

Egypt’s government said last week that gifted fuel from Gulf nations, including Saudi Arabia, totalled $6 billion.

Etihad Rail Signs MoU With Saudi Railways Company

The agreement is expected to allow for greater collaboration ahead of the GCC Rail project.

Saudi Arabia Finds Another 32 MERS Cases As Disease Spreads

The rate of infection in Saudi Arabia has surged in recent weeks after big outbreaks associated with hospitals in Jeddah and Riyadh.

Saudi Arabia Crude Output Rises To 9.66m Bpd In April-Source

Saudi Arabia supplied 9.650 million bpd in April to the market, up from 9.533 million bpd in March, an industry source said.

UAE To Increase Screening Of GCC Camel Shipments Over MERS Fears

All camel shipments from the GCC will be quarantined for 24 to 28 hours until the laboratory tests are conducted, the ministry said.

Saudi Arabia Plans New Pilgrimage Airport At Taif

Most of the several million haj pilgrims coming from abroad each year now arrive at a special terminal in Jeddah’s international airport.

Saudi Arabia Finds Another 18 MERS Cases As Disease Spreads

The total number of infections nearly doubled in April and has risen by a further 21 percent already in May.

Head Of Jeddah Hospital Replaced As Saudi Fights MERS Virus

The head of Jeddah’s King Fahd Hospital was replaced as WHO warned of “breaches” in infection prevention.

“Saudi Liberals” Website Founder Sentenced To 10 Years In Jail

Badawi was arrested in June 2012 and charged with cyber crime and disobeying his father.

Saudi’s Abdul Mohsen Al-Hokair Gets Regulator Nod For IPO

The IPO will be divided into two sections and conducted as a book-build offering, the statement said.

AECOM Wins $28m Jeddah Metro Contract

The company will supply pre-programme management consultancy services and staff.

Saudi’s Algosaibi Says Creditors To Get Min 20 Cents On Dollar Under Debt Plan

The firm said it would pay 10 per cent of claims as an upfront payment and would target a total recovery for creditors of between 40 and 60 per cent of their due cash.

Saudi Tadawul CEO Says Looking To Go Public “Soon”

The Kingdom’s stock market saw five initial public offers of shares in 2013 worth around $506 million.

Saudi Group Algosaibi Seeks Truce In Debt Dispute

Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers’ failure in 2009 left debts estimated at more than $7 billion.

Saudi’s Alkhair Capital Predicts 10% Annual AUM Growth

Alkhair, which has been operating in the Saudi market since 2009, opened an office in the Dubai last month.

Saudi Arabia Eyes “Qualitative” Shift In Economic Development

Economy and Planning Minister targets annual economic growth of five percent in the country’s 2015-19 development plan.

Saudi Econ Minister Targets 5% Annual Growth

Growth expected as a result of the country’s next five-year development plan.

King Abdullah Economic City Halts Financial District Plans

Concerns that the KAEC Financial District would not be competitive have halted development.

Saudi Arabia Mulls Lifting Visa Restrictions

Saudi tourism president says the Kingdom will consider changing its policies as systems, airports and the country’s security network improves.

Qatar Airways To Launch Al Maha Airways In KSA In November

CEO Akbar Al Baker said it will operate eight A320s in the Kingdom.

Saudi Arabia Reports 25 New Cases Of MERS, Deaths Stand At 109

The total number of cases in the kingdom is 396, of whom 109 have died.

Saudi Camel Tradition May Hinder Control Of New Disease

Experts fear that the cultural relevance of camels in the Kingdom could hinder preventative measures aimed at limiting the spread of the disease.

Saudi-French Alliance Wins $2bn Bus Deal For Riyadh Metro

The 10-year deal will be linked to the city’s railway project and will handle the procurement, operation and maintenance of the buses.

Saudi Telco Mobily Seeks 20% Stake In Landline Firm Atheeb

Mobily signed a memorandum of understanding in August with four of Atheeb’s founding shareholders to buy a controlling interest in the firm.

Saudi Arabia Starts Payout To Minority Investors In Ailing Telco

A royal decree last May ordered the liquidation of the firm, which never launched services despite making a winning SAR1 billion bid for a fixed telecom licence in 2007.

Unpatched OS Increasing Vulnerability of Saudi PC Users

Cyber security company Secunia found that 17.4 per cent of users had unpatched versions of WinXP, Win7, Win8 or Windows Vista.

King Abdullah Football Stadium To Open Thursday

The 60,000 seat venue has taken 14 months to construct.

Saudi Sets Up Expert Panel To Contain MERS Virus

Saudi Arabia has appointed 10 disease specialists to investigate the spread of the MERS virus and advise the government on future steps.

Saudi Arabia Has 26 More Cases Of MERS Virus, 10 Dead

The 143 cases announced since the start of April represent a 73 per cent jump in total infections in Saudi Arabia this month.