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Saudi Arabia

Saudi King heads to $500bn mega city NEOM for holiday

Construction work on the $500bn NEOM project is slated to begin this year

Saudi forces intercept Houthi drones targeting two airports

The drones targeted civilians and civilian airports in Abha, Jizan and Najran, officials said

Saudi’s deputy minister of defence meets UN envoy to Yemen

Yemen’s warring parties agreed on Monday on new measures to enforce a ceasefire

Saudi forces destroy two Houthi drones, shrapnel damages vehicles, building

The drones targeted civilians and civilian targets in Khamis Mushait city

Saudi will support indebted Lebanon, say ex-PMs after meeting King

Soon there will be Saudi steps towards the Lebanese state, Najib Mikati said

MENA power sector needs $209bn worth of investments until 2023

Regional governments have been accelerating their investment plans with 87GW of capacity additions already at execution stage

Saudi rejects claims that it is blocking Qataris from performing Hajj and Umrah

The kingdom says citizens and residents of Qatar are welcome to perform Hajj

Saudi’s Ataa Educational to raise SAR348m in IPO

Riyadh has been encouraging more family-owned companies to list on the domestic stock market

Saudi and Hyundai sign JV to manufacture marine engines and pumps

The venture will be located in the kingdom’s Eastern Province at Ras Alkhair

Saudi cabinet says extension to cuts will help oil market stability

OPEC, Russia and other non-OPEC members agreed this month to extend their oil supply cut until the end of March 2020

Rapper Nicki Minaj pulls out of Saudi Arabia concert

She was due to headline the Jeddah World Fest music festival on July 18

Saudi Aramco awards 34 contracts worth $18bn for Marjan, Berri oilfields

Aramco plans to boost production capacity at the two fields

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Saudi-led coalition in Yemen says it foiled Red Sea ship attack

Saudi officials said they destroyed an unmanned boat laden with explosives which the militants had planned to use for the attack

Saudi forces intercept Houthi drone launched at civilian areas in the kingdom

Houthis have repeatedly launched attacks against targets in neighbouring Saudi

Saudi airline flyadeal picks Airbus jets over grounded Boeing MAX

The airline is to take delivery from 2021 of 30 A320neo jets that were ordered by its parent Saudi Arabian Airlines

Saudi dairy company Almarai’s CEO resigns

The company’s former CEO Georges P Schorderet has been re-appointed to the role

Saudi intercepts drones, denies Houthi reports that the attacks hit their targets

The drones were destroyed on Saturday evening

New Saudi ambassadors take up posts in Washington and London

Princess Reema bint Bandar bin Sultan, who presented her credentials in Washington, is the kingdom’s first female ambassador

Canada export agency lifts “closed” status on Saudi Arabia-related business

Export Development Canada changed its position from “closed” to “open on a restricted basis”

Saudi state defence firm pens deal with South Africa’s Paramount

Saudi Arabia aims to localise half of its military spending by 2030

Banks scramble to re-pitch for Aramco IPO roles – sources

Aramco chairman Khalid Al Falih said on Tuesday the listing could happen in 2020-2021

Saudi Arabia to raise 3 billion with debut euro debt sale

The Saudis have sold nearly $60bn in international bonds since their debut as a global borrower in late 2016

Saudi Arabia starts marketing its debut euro debt sale

The kingdom started marketing early on Tuesday an eight-year bond trance and a 20-year tranche

Houthi drone attack on Saudi Arabia’s Abha Airport leaves nine injured

A Syrian resident of Saudi Arabia died after a similar attack on Abha Airport in June

Saudi Arabia widens funding base with dual-tranche debut euro bond

The kingdom is looking to diversify its investor base

Oil production cuts weigh on Saudi growth in first quarter

The kingdom’s oil sector grew 1 per cent in the first quarter, down from almost 6 per cent growth in the previous quarter

OPEC+ cuts that steadied market now bring risk of $100 crude

Russia agrees with Saudi Arabia to extend OPEC+ oil output deal

Saudi Energy Minister Khalid Al Falih said on Sunday that the deal would most likely be extended by nine months

South Korea’s Hyundai Oilbank inks crude oil supply deals with Saudi Aramco

Aramco will supply 150,000 barrels per day of crude to the refiner for 20 years

Saudi Arabia signs $8.3bn economic pact with South Korea

The agreement includes a $6bn deal between Saudi Aramco and Korean firm S-Oil

Saudi Arabia relaxes ownership limits for foreign investors

The kingdom aims to attract billions of dollars of foreign funds as it opens up the region’s largest bourse