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Saudi Arabia’s Top Clerics Speak Out Against Militancy

A statement from the state-appointed Council of Senior Scholars has also called for prohibiting militant financing.

Saudi Arabia To Allow OTC Trade Of Shares In Suspended Or Delisted Firms

The Capital Market Authority has issued rules covering such trade and will immediately start receiving requests from companies to conduct it, the authority said.

Saudi Court Sentences Two To Death, Jails 13 Over Attack

Saudi Arabia has arrested thousands of suspected militants since al Qaeda supporters waged a wave of attacks on residential compounds for foreign workers and on Saudi government facilities.

Aluminium Bahrain May Look Into Additional Listing In Saudi

Since listing in November 2010 on Bahrain’s index, Alba stock has struggled.

Saudi Corporate Earnings Growth Set To Jump Before Bourse Opening

The combined net profits of Saudi Arabia’s leading companies are expected to rise 17 per cent in 2014.

Saudi’s Savola Says JP Morgan To Advise On Possible Stake Buy In Americana

Savola said in August it had held preliminary talks with one of Americana’s largest shareholders about buying a stake in the firm.

Thai PTT And Saudi Aramco In Joint Vietnam Petrochemical Project

State-controlled PTT and Aramco will each own 40 per cent of the project at Binh Dinh’s Nhon Hoi economic zone, with the Vietnamese government holding the remaining 20 per cent.

Saudi Arabia Says Buys 610,000 Tonnes Of Hard Wheat

The wheat is to be shipped in 10 consignments, with 310,000 tonnes for shipment to the port of Jeddah and 300,000 tonnes for the port of Dammam.

Aramco, GE And TCS Open Saudi Arabia’s First All-Female BPO

Located in Riyadh, the new centre is expected to create 3,000 local jobs for Saudi women.

Saudi’s Savola Says To Sell Stake In Property Project For $158.3m

The company will sell its 30.4 per cent holding in the Masharef project to Kinan International Company for Real Estate Development.

Saudi’s Clerics Condemn IS, But Also Urged To Tackle Radicalism

The government’s reluctance to crackdown on expressions of intolerance towards non-Sunnis has raised questions.

U.S. Shale Squeezing Out Saudi Oil Imports, Boosting Gasoline Exports

The North American shale boom has not only cut crude imports into the United States but also turned it into a net products exporter.

Kerry Urges Arabs To Back Campaign Against Islamic State

In a strong measure of support, Saudi Arabia has agreed to host training camps for moderate Syrian rebels.

Saudi Oil Minister Downplays Concerns About Oil Price Drop

Brent crude hit an intraday low of $97.60 on Wednesday, its weakest level since April 18, 2013.

Saudi To Host Training Of Moderate Syria Rebels As Part of U.S. Strategy Against IS

U.S. officials declined to specify where on Saudi territory the rebels would be trained.

Saudi Arabia Tells OPEC To Cut Output In August As Oil Nears $100

The reduction comes as oil prices have come under downward pressure from ample supply and concerns about slower global demand.

Saudi Aramco, Sumitomo Chemical Invite Banks To Back JV Plant Expansion

The requests for proposals were issued by the parent firms to banks on Tuesday, with financing of the expansion to be split between conventional loans and sharia-compliant facilities.

Saudi’s Itqan Capital To Boost Islamic Finance Business

Itqan currently manages four sharia-compliant funds: a money market fund and three real estate funds.

Saudi’s Algosaibi Says Creditors’ Steering Committee Formed

The family group, which collapsed during the financial crisis, said in May that it had direct liabilities to financial institutions worth around $6 billion.

Saudi Arabia To Host Talks With US, Regional Allies On Thursday

The meeting will address the issue of terrorism and the rise of extremist organisations in the region.

Oil Still Accounts For 90% Of Saudi’s Total Revenues – Report

The UAE, specifically Dubai, has been exemplary in diversifying revenue streams, stated a report by Alkhabeer Capital.

Saudi Arabia Selects All-Male Team For Asian Games In South Korea

Saudi officials said they would send female athletes to the next Olympics, but that they were not yet competitive enough for Asian Games.

Saudi’s Advanced Petrochemical Seeks Shareholder Nod For Sukuk

The firm will hold a general meeting on Sept. 15, it said without specifying the possible size of the issue.

No Saudi Ban Over Ebola For Nigerians Going On Haj

The smaller scale of outbreak in Nigeria is relatively less worrying when compared to other Ebola-hit countries, an official was quoted as saying in local media.

Eid Al Adha Could Fall On October 5 – Report

The chairman of the Islamic Crescent Observation Project (ICOP) has reportedly said that Eid Al Adha could also fall on October 4.

Saudi Jails Six For Going Abroad To Fight

In February, King Abdullah decreed prison terms of three to 20 years for travelling abroad to fight.

Saudi Builder Al Khodari Says To Diversify Into Solar, Nuclear Energy

Al Khodari’s new activities will include supplying and installing solar energy equipment and systems, it said in a statement to the Saudi bourse.

Saudi Awards $1.8m Deal For Study Into High-Speed Rail Line Between Riyadh, Dammam

Transport consultancy Consultrans said it had been awarded a 10-month contract to conduct the study.

Saudi Arabia Cushions Labour Reform With New Hours, Subsidies

A draft law limiting working hours is among measures to limit the impact of labour reforms in the Kingdom

Saudi Bristles As Turmoil Looms Large In The Middle East

The Kingdom is wary of the growing influence that the Islamic State is wielding across the region.