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Gulf Business gears up for debut Saudi summit on 3 September

The discussions will cover key themes relevant to any business aiming to operate or expand within Saudi Arabia

Kuwait Emerges As Front-Runner To Fill Saudi Security Council Seat

Saudi Arabia rejected a UN Security Council place in protest at the body’s failure to end the war in Syria and act on other Middle East issues.

Saudi Firm Plans $200m Education Fund For Middle East

Itqan Capital is eyeing up to $200 million for the fund that it plans to launch with Bahrain-based school consultancy firm D3 Consultants in 2014.

Saudi Arabia Under Fire At UN Over Women’s Rights

Critics accused the Kingdom of jailing activists without due process and abusing the basic rights of Saudi women

Saudi PetroRabigh Says Shuts Ethane Cracker After Water Leak

PetroRabigh estimated the financial loss due to the outage at around $22 million.

Arab States Urge Saudi To Keep U.N. Security Council Seat

The Kingdom refused its newly won council seat condemning the UN body’s double standards on the Middle East

Potline At Massive Saudi Smelter Shut Down

Repairs at the $10.8 billion facility could stretch well into next year.

U.S. Passes Saudi To Become World’s Top Oil Producer

The U.S. has witnessed the fastest expansion in production over a four-year period since a surge in Saudi Arabia’s output from 1970-1974.

Britain Exports 50,000 T Barley To Saudi Arabia

Britain exported 42,000 tonnes of barley to Saudi Arabia during the 2012/13 season according to customs data.

Saudi Aramco Ready To Use Unconventional Gas For Power Plant

By unlocking its gas reserves, Saudi Arabia could use the fuel to power its domestic economy and allow more room for oil exports.

India To Become MENA’s Top Trading Destination By 2030

India will account for 14 per cent and 18.5 per cent of exports from the UAE and Saudi Arabia respectively by 2030.

Saudi Artisans Produce $6m Gold Laced Kiswa For Haj Shrine

The gold-embroidered, black-dyed Kiswa, a silk cover draped over the Kaaba, took eight months to produce.

No Cases Of MERS Virus Among Haj Pilgrims So Far – Ministry

The death toll from the respiratory virus in the Kingdom, where the strain emerged last year, has reached 51.

Carlson Rezidor Adding Two KSA Hotels

Park Inn by Radisson Riyadh will be followed by a Radisson Blu Hotel & Residence in Jeddah

Hilton Garden Inn To Debut In KSA

Hilton spots potential for mid-market brand in the Eastern Province

Women Members Of Saudi Shoura Council Challenge Driving Ban

A group of women’s rights activists have called for a new campaign on Oct. 26 to push for an end to the ban.

Saudi Court Orders Investigation Into Child-Bride Case

Saudi authorities had drafted a bill earlier this year that sets 16 years as the minimum age of marriage for girls

Asian workers take a break at Friday Market in Kuwait City

Saudi Arabia Warns Foreign Workers: Get The Right Visa Or Get Out

A crackdown on illegal expatriates will resume on November 4 after a seven-month grace period

Saudi Hollandi Beats Forecasts With 37% Profit Jump

The Kingdom’s banks are benefiting from a robust economic backdrop.

Different Arab money

GCC Markets Grow Due To Economic Diversification

The UAE is expected to grow strongly owing to the recovery of sectors like financial services and construction.

Saudi’s Riyad Bank Q3 Net Profit Up 18.8%

The bank said it made SAR998 million in the three months ending September 30.

The Changing Landscape of Saudi Arabia’s F&B Industry

International food event to showcase Kingdom’s market potential.

Saudi Arabia Not Worried About U.S. Debt Limit

Most of Saudi central bank’s net foreign assets are believed to be denominated in U.S. dollars, and much of that amount is in the form of U.S. Treasury bonds.

Saudi Business Activity Growth At 6-Month High

The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index was at 58.7 points in September.

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.