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Saudi Arabia

Saudi’s economy may grow faster in 2019 that previously forecast – IMF

The non-oil sector is expanding faster than the wider economy

Saudi airline Flyadeal’s decision on Boeing MAX “imminent” – CEO

The airline is reconsidering the order after two MAX jets fatally crashed in Ethiopia in March and in Indonesia in October

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Saudi’s SABIC Q1 net profit drops 38%, cites lower selling prices

The company made a net profit of SAR3.41bn ($909m) in the three months to March 31, down from SAR5.51bn last year

Arabian Centres to raise up to $836m in Saudi’s biggest IPO since 2014

The IPO would be the country’s biggest since Saudi lender National Commercial Bank raised $6bn

Saudi wealth fund-backed real estate firm to buy $200m worth of mortgages

SRC, formed in 2017, is trying to boost the kingdom’s secondary mortgage market

Saudi central bank sees more interest from international lenders

The kingdom announced last week that Credit Suisse had won approval for a banking licence to operate in Saudi

Saudi aims to create over 561,000 private sector jobs by 2023

The kingdom launched the Qiwa online platform to consolidate all the employment data in the kingdom

Saudi further extends debt curve with new 30-year sukuk

Demand for the new issuance, due in 2049, is equivalent to around SAR9.25bn

Nigeria’s oil minister, Saudi Aramco discuss investment options

Aramco is expanding downstream operations as part of its drive to become the world’s largest integrated energy firm

Saudi Arabia reports first quarterly budget surplus since 2014

Saudi Arabia plans to increase state spending by 7 per cent this year

Saudi Arabia’s economy to grow at least 2% in 2019

Credit growth accelerated in the first quarter at its fastest pace in more than two years

Lebanon PM Hariri: ‘Promising summer’ after Saudi travel warning lifted

Saudi Arabia had been advising its citizens since 2011 to avoid Lebanon

Saudi energy minister: No need for immediate action after end of Iran oil waivers

Khalid Al Falih said Saudi will respond to customers’ needs if asked for more oil

Revealed: Top 10 brands that people in UAE, Saudi would like to work for

Emirates emerged as the top brand that most UAE residents would feel most proud to work for

Saudi executes 37 citizens for terror links

The executions were carried out in Riyadh, Makkah, Madinah, the Eastern Province, Qassim and Asir on Tuesday

Saudi’s largest lender NCB posts 5.7% rise in first-quarter profit

National Commercial Bank made a net profit of SAR3.16bn ($842.7m) in the three months to March 31

Saudi’s Al Rajhi Bank Q1 net profit rises 21% on higher fees

The bank aims to boost its mortgage lending as more affordable housing comes on the market

Saudi consumer prices fall for third straight month in March

Property rental prices are falling in the kingdom as a result of job losses in the market

Saudi Arabia welcomes US move to end all Iran sanction waivers

The kingdom has said that it will coordinate with other oil producers to ensure adequate crude supply in the market

Saudia confirms that two of its crew members died in Sri Lanka attacks

The airline identified the victims as cabin manager Ahmed Zain Jaafri and Hani Maged Othman, who was working as a steward

Two Saudis killed in Sri Lanka attacks

The victims are believed to be the two Saudia airline crew members who were reported missing

Saudi’s Al Tayyar re-brands as Seera, seeks to double booking value

The company wants to grow its foothold in the kingdom’s consumer travel and pilgrimage sectors

Saudi security forces arrest 13 accused of planning attacks

Security forces have said they killed four alleged ISIL militants who had planned Sunday’s attack

Saudi executes another Pakistani national in Jeddah for drug smuggling

He is the third Pakistani national to be executed in less than two weeks for the offence in Jeddah

Two Saudia crew members missing after Sri Lanka attacks

Another crew member was hurt and hospitalised for minor injuries, the airline said

Close to 3 million foreigners arrested as Saudi clamps down on illegal workers

A total of 750,504 expatriates have been deported to their respective countries since the crackdown began in November 2017

Saudi Arabia, UAE to send $3bn in aid to Sudan

The aid is the first major publicly announced assistance to Sudan from Gulf states in several years

Saudi Arabia’s Al Rajhi Bank to boost mortgage lending – CEO

The bank’s mortgage book grew 27 per cent year-on-year in 2018 and it is looking for double digit growth for the coming years

Aramco to buy Shell’s stake in Saudi refining JV for $631m

Saudi Aramco Shell Refinery Co has a crude oil refining capacity of 305,000 barrels per day

Four die as attack on Saudi police station foiled – Al Arabiya

Attackers reportedly carried out an attack at a police station in Zulfi, 250 km northwest of Riyadh