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Saudi Arabia

MERS-Coronavirus Kills Two More People In Saudi, Qatar

The virus has claimed 45 lives in the Kingdom so far.

No Date Yet On Saudi Bourse Opening Up To Foreign Investors

Officials are still discussing the issue, says head of the Capital Market Authority

Two Saudi Women Dead From MERS-Coronavirus, Two Men Infected

The death toll in the Kingdom has now reached 44, according to health ministry officials.

As Obama Blinks On Syria, Israel, Saudis Make Common Cause

Saudi Arabia, like Israel heavily dependent on the United States for arms supplies, is engaged in a historic confrontation with Iran for regional influence – a contest shaped by their leading roles in the rival Sunni and Shi’ite branches of Islam.

Inefficient Oil Plants Can Lead To ME Energy Crunch

Use of natural gas to generate electricity will help reduce CO2 emissions.

GCC Education System Needs “Drastic Reforms”

A study finds that Gulf students want better trained teachers and up-to-date teaching methods.

Booming Saudi Retail Market Fuels Alhokair Expansion Drive

Alhokair net profit rose nearly 37 per cent year on year in the three months to June 30.

LinkedIn Crosses One Million Members In Saudi

Private and public sector firms in the Kingdom are increasingly using LinkedIn for recruitment, the company said.

Saudi Q2 Annual Growth Picks Up, Non-Oil Expansion Is Firm

In a quarter-on-quarter comparison, Saudi GDP fell 1.1 per cent in April-June 2013, the first such decline in a year.

Saudi Prince Buys 50% In Sheffield United

Prince Abdullah bin Mosaad bin Abdulaziz Al Saud has promised to invest substantial new capital into the club.

Aramco Extends Bidding For Ras Tanura Clean Fuels Project

Bids are now due by Oct. 20, pushed back from Sept. 8, for the multi-billion-dollar project.

Attackers Torch Saudi Religious Police Building

No one was injured in the incident, which reportedly occurred at dawn on Saturday.

Arab States Urge Action Against Syrian Government

The League of foreign ministers also said those responsible for the chemical gas attack should face trial.

Saudi Arabia Says It Backs US Strikes If Syrian People Do

The US is preparing strikes against the Syrian government, blaming it for a chemical gas attack that killed hundreds of civilians.

Saudi’s Alkhabeer Capital Acquires US Property

The investment fund, in partnership with USAA Real Estate Company, bought an office building in Houston.

Brazil’s Exports To The Middle East Hit $6.5bn In H1 2013

Saudi Arabia was Brazil’s top trading partner in the Middle East during the first half of the year.

Saudi Arabia Raises Military Alertness Over Syria – Sources

Saudi Arabia’s defence readiness has reportedly been raised to “two” from “five”.

Web-Based Apps Pose Tricky Problem For Saudi Monitors

The number of Twitter users in Saudi Arabia nearly doubled in six months to 2.9 million in July 2012, amounting to a little over 10 per cent of the population

Saudi Reports Eight New MERS Coronavirus Cases

A total of 49 people have died from the virus so far, according to WHO.

Saudi British Bank Plans Sukuk Sale

HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.

Saudi Arabia Buys 720,000 Tonnes Hard Wheat

The accepted origins are from the European Union, North and South America and Australia.

World’s Largest Holiday Inn To Open In Saudi’s Makkah

The 1,238-room Holiday Inn Makkah is slated for completion in 2016.

Government Spending Sustains Saudi’s Office Rental Rates

Despite a strong supply of office units in the market, increased demand is boosting rents in the Kingdom.

Arabtec Denies Merger Talks With Kuwait, Saudi Firms

The Dubai contractor says there are no plans to merge with Kuwait’s Combined Group Contracting Co. and Saudi Arabia’s Saudi Oger.

Saudi Mobily Signs MoU With Atheeb Shareholders For Stake Buy

Mobile operator Mobily plans to acquire a controlling interest in loss-making fixed line operator, Etihad Atheeb.

SABIC Unit Plans World’s Largest CO2 Purification Plant

United Jubail Petrochemical Company, an affiliate of Saudi’s SABIC, has awarded a construction contract for the plant to Germany’s Linde Group.

Dubai’s Arabtec May Merge With Kuwait, Saudi Firms

The construction firm is reportedly in merger talks with Kuwait’s Combined Group Contracting Co and Saudi Arabia’s Saudi Oger.

Saudi To Fill Financial Gap From Any Western Sanctions On Egypt

Prince Saud al-Faisal accused Western countries of tacitly encouraging Muslim Brotherhood violence with their criticism of the Egyptian military.

Saudi Electricity CEO Resigns, Aramco Executive To Replace Him

Ali bin Saleh Al-Barrak has been serving as the CEO of the utility since October 2006.

Saudi Arabia Warns Against Pressing Egypt On Crackdown

Saudi foreign minister Prince Saud al-Faisal met French president Francois Hollande with both calling for fresh elections in Egypt.