Home GCC Saudi Arabia

Saudi Arabia

Saudi Arabia, Kuwait Tighten Controls On Clerics

In Kuwait the authorities have resumed the monitoring of sermons.

Saudi’s Housing Market – The Home Stretch

Property ownership remains a distant dream for many Saudi nationals, writes Syed Hussain.

Dubai Stock Market Ends At 5-Year High After Expo Win

The index climbed 1.6 per cent to finish at 2,946 points, its highest close since October 2008.

US President Obama Phones Saudi King Abdullah About Iran Nuclear Deal

Iran signed an interim deal with six world powers to curb its nuclear programme.

Saudi Aramco Denies Suffering Another Cyber Attack

In August 2012 Aramco suffered an attack on 30,000 computers.

Saudi Hospitality Firm Al-Hokair Plans 2014 IPO

The entertainment and hospitality firm could be valued at about $680-$690 million, sources said.

Saudi Gets Death Sentence For 2004 US Consulate Attack

Another 19 people were convicted on Monday of plotting to hijack a Western airliner.

Second Staybridge Suites Opening In Jeddah

Staybridge Suites Al Andalus Mall will target shop-loving Saudis

Saudi Electricity Signs SAR1.7bn Deal With GE

The deal will cover maintenance work on 12 gas units at new power plants in Riyadh.

US Shale Boom Could Impact GCC In Long-Term

The GCC’s oil and gas producers need to have innovative strategic plans as competition intensifies.

Saudi Labour Crackdown Promises Long-Term Gain For Short-Term Pain

Nearly a million foreigners have left Saudi Arabia since March, when authorities began a crackdown on illegal workers.

Saudi Says Six Shells Fall Near Border Post Close To Iraq, Kuwait

The mortar shells fell in an uninhabited area and caused no damage, Saudi officials have confirmed.

Dubai Airshow: Lockheed Sees More Clarity On Saudi Naval Buy In Next Months

Saudi is evaluating options for its naval modernisation programme, including purchases of up to 12 of Lockheed’s steel monohull Littoral Combat Ship

Saudi Minister Warns GCC: Beware Of Protectionism In Petrochem Sector

Saudi’s deputy foreign minister said that protectionist policies in the petrochemicals sector can drastically impact the global economy.

Young Saudis Getting Creative On YouTube

With a population of 28.3 million, Saudi Arabia is now the biggest user of YouTube per capita in the world.

Saudi Arabia Welcomes U.S. Shale, Sees No Need To Cut Output

The North American shale oil surge has helped arrest the rise in crude prices over the last year.

GCC’s Consulting Market Booming At $2bn

Middle East accounts for the majority of thought leadership produced globally on emerging markets.

Saudi Bourse To Impose Tougher Penalties For Big Losses

Under the new rules, trading in companies with losses of more than 75 per cent will be suspended for one day.

Dubai Airshow: Qatar Airways To Launch Saudi Domestic Carrier Next Year

Airline CEO Akbar Al Baker said the Saudi domestic services carrier will be called Al Maha Airways.

Saudi Arabia May Be Overcoming Addiction To Oil-Fired Power

The volume of oil burned for power production in the Kingdom fell to 689,750 bpd from June to September 2013, from 763,250 bpd during the same period in 2012.

Another Killed Amid Saudi Foreign Workers Clampdown

Clashes in the Manfouha district of southern Riyadh left 17 others injured.

Saudi Ma’aden Progressing Well In Bank Finance Deal Talks

The cash will be used to fund the Umm Wual development at Waad Al-Shimal City

Flynas To Launch New Business Class

Saudi carrier to roll out new premium product as it seeks a fresh start in 2014.

Saudi Rejects U.N. Security Council Seat, Opening Way For Jordan

Jordan’s place on the Security Council still would need to be approved by two-thirds of the General Assembly.

U.S. To Surpass Saudi As Top Oil Producer By 2016

But by 2020 the oilfields of Texas and North Dakota will be past their prime and the Middle East will regain its dominance.

Prince Alwaleed Makes $600m From Twitter IPO

Kingdom Holding bought a three per cent stake in the micro-blogging site in 2011 for $300 million.

Two Dead, 68 Injured In Saudi Clashes

Security forces in riot gear fired into the air and used truncheons to disperse large crowds in the Manfuhah neighbourhood of southern Riyadh.

Saudis Unconvinced By Kerry’s Show Of U.S. Goodwill

Saudi leaders fear President Barack Obama’s administration has stopped listening to its Arab ally.

Cobone Rebrands Its Travel Arm As Triperna

Cobone is looking to tap into the Gulf’s booming online travel industry by offering greater features.

Two Saudi Healthcare Firms Plan IPOs As Demand Booms

Sulaiman Al-Habib Medical Group has appointed the investment banking arm of Banque Saudi Fransi to assist with the sale.