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Saudi Arabia Scrapped U.N. Speech In Protest Over Syria And Israel

The conservative Islamic kingdom is one of the main backers of rebels fighting Syrian President Bashar al-Assad.

ME Funds Bullish On Saudi But Cautious On UAE

Investors have become less bullish on Dubai’s markets as they believe most of the stocks are now fully valued.

Dubai’s ENOC, Tristar Plan Oil & Gas Logistics JV In Saudi

The new joint venture is being set-up with an initial capital outlay of around $8 million.

Saudi’s Almarai Prices Gulf’s First Corporate Hybrid Sukuk

BNP Paribas, HSBC, Saudi Fransi (Credit Agricole) and Standard Chartered were the leads.

Saudi Start-Up Glowork Gets $16m Investment

Saudi firm SAS has acquired a 51 per cent stake in Glowork, a platform that helps women in the Middle East find employment opportunities.

British Airways Upgrading Jeddah Route To Boeing 777

Saudi travellers set to enjoy first class services to and from London next spring.

Damac Launches Paramount Project In Riyadh

Damac Towers by Paramount Hotels & Resorts will offer 215 units of serviced residences, from one to three-bed apartments.

GCC Capital Expenditure To Rise By 8.2% In 2013

GCC states’ expenditure on rail schemes, expansion of power generation plants and housing projects is expected to boost capital expenditure in 2013.

Saudi Cleric Says Women Who Drive Risk Damaging Their Ovaries

A campaign calling for women to defy the ban in a protest drive on October 26 has spread rapidly online.

Saudi Has Most Attractive Tax Framework Among G20 Nations

Saudi imposes a particularly light tax burden on entrepreneurs as compared to its European counterparts, says Ernst &Young

Saudi’s CPC Opens $15m Marble Factory In China

The massive new factory, spread across 66,000 sqm, will import 50 per cent of its produce to Saudi Arabia, UAE and Qatar.

Saudi SABIC Sets Initial Guidance On Five-Year Dollar Bond Sale

The initial price thought on the bond is in the area of 150 basis points over the equivalent U.S Treasuries.

Saudi Car Owners Fined For Allowing Women To Drive

Traffic police issued fines totalling SAR5,400 ($1,400) for allowing “an unqualified person to drive.”

Saudi Arabia Worst On Women’s Legal Issues

A World Bank report found the Middle East and North Africa have made the least progress over the last 50 years in improving women’s economic opportunities.

UAE, Saudi Economies To Show Steady Growth In 2014

UAE and Saudi economies are set to grow four per cent and 4.5 per cent in 2014 respectively.

Saudi Group Campaigns Against Ban On Women Driving

The “October 26 Driving” campaign says it has gathered 8,700 signatures for a petition

Saudi SMEs Eye Major International Expansion

New survey finds that in the next three years, the number of Saudi SMEs operating in six or more countries will rise from 16 to 41 per cent.

Saudi Arabia To Complete Jizan Industrial Project In 4 Years

Saudi oil minister Ali Naimi said that work is ongoing in the project, which includes a 400,000 barrels per day refinery.

Saudi Arabia, Bahrain Approve New Pipeline To Feed Bapco Refinery

The 350,000-barrel per day oil link between the two countries is expected to be commissioned by the third quarter of 2016

France’s Alstom Wins $227m Saudi Steam Turbine Deal

The company will supply four 720MW steam turbine generator sets for the Shuqaiq power plant.

Damac Awards $94m Contract To Saudi Binladin Group

The contract has been awarded for the Damac Esclusiva Luxury Serviced Apartments tower in Riyadh.

Prince Alwaleed To Retain Twitter Stake, Sees IPO By Early 2014

The Saudi billionaire invested $300 million in the social media giant in late 2011.

Sofitel Jeddah Opening In 2014

Luxury hotel on the Corniche will seek to draw in business and leisure travellers

Saudi PetroRabigh Says Complex Back Online After Power Cut

A power outage on Wednesday forced the complex to shut operations.

Bahrain’s Investcorp Acquires 25% Stake In ‘Fitness Time’ Operator

Investcorp buys stake in Saudi-based Leejam, a health and fitness club company that operates the Fitness Time brand.

Saudi Khodari Sees Labour Fee Impact Continuing

In 2012 the Labour Ministry began charging companies a fee of 2,400 riyals for each foreign worker they employed above their number of Saudi staff.

Saudi Arabia “Capable For Meeting Any Demand”

Saudi Arabia produced record high volumes of crude in August as it boosted output for the second time in two years.

Saudi’s Pharmaceutical Policies Restrict Multinationals From Entry

Despite ample opportunities in the market, strict registration, pricing and drug distribution policies present challenges to market entry.

Saudi Diplomat Kidnapped In Yemen Asks Family To Stage Protests

Militants seized Saudi vice consul Abdullah al-Khalidi in the southern Yemeni port city of Aden in March 2012.

Saudi Sees Strong Growth In Digital Arabic Content

The Kingdom accounts for more than half of the region’s active users on Twitter with 90 per cent preferring to tweet in Arabic.