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New Saudi King To Focus Economic Policy On Jobs As Oil Sags

King Salman is likely to rely on stability and continued progress, say experts.

New Saudi Deputy Crown Prince Marks Generational Shift

Saudi Arabia’s Interior Minister, Prince Mohammed bin Nayef, was named Deputy Crown Prince on Friday.

UAE Announces Three Day Mourning For Saudi King

UAE President Sheikh Khalifa praised King Abdullah as one of the most notable leaders of the Arab region.

Saudi King Abdullah Dies, New Ruler Is Salman

King Abdullah, 90, had ruled Saudi Arabia as king since 2005 and was hailed as a great reformist.

Profile: New Saudi Ruler King Salman Bin Abdulaziz

The 79-year-old King Salman will have to navigate turmoil caused by violence across the region.

Saudi Arabia To Delay Activist’s Flogging For Second Time

Badawi, founder of the “Free Saudi Liberals” site, was sentenced last year to 10 years in jail, a fine of SAR1 million and 1,000 lashes.

Saudi’s Tasnee Signs $319m Loan To Buy More Of Cristal

In December, Tasnee bought 13 per cent in Cristal – one of the world’s largest producers of titanium dioxide – for SAR1.8 billion.

Saudi Ma’aden To Shut Ammonia Plant For 30-Day Maintenance

The closure of the facility in Ras Al Khair belonging to Ma’aden Phosphate Company will have no significant financial impact.

Saudi Firm Mobily Rings Up Surprise Loss

Mobily made a net loss of SAR2.28 billion ($607.1 million) in the last quarter of 2014.

Zain Saudi Q4 Net Loss Narrows, Beats Forecasts

The company has yet to make a quarterly profit since launching services in 2008.

Saudi Dar Al Arkan Q4 Profit Falls 26%, Misses Forecasts

The company attributed the fall to losses in financial investments, higher operating expenses and finance charges.

Spain’s Abengoa Wins Deal For Solar-Powered Desalination Plant In Saudi

Abengoa will jointly develop the project with AWT, the commercial arm of King Abdulaziz City of Science & Technology.

Saudi Q4 GDP Growth Lowest In Over A Year

GDP, adjusted for inflation, grew two per cent from Q4 2013, down from 2.4 per cent in the third quarter.

Saudi’s Sahara Petrochemical Says Unit Signs $522m Loan Refinancing

The new loan also has more favourable pricing and conditions than the existing deal.

Saudi’s Kindgom Holding Q4 Net Profit Rises 15%

Kingdom made a net profit of SAR266 million ($70.84 million) in the last quarter of 2014.

Saudi Ma’aden Swings To Q4 Net Profit, Misses Estimates

The company reported a net profit of SAR376 million for the last quarter of 2014.

UK Minister Says Deplores Saudi Activist’s Flogging, Plans To Raise Matter

Saudi has come under pressure from Western countries over its punishment of activist and writer Raif Badawi.

Saudi Aramco To Cut Drilling Costs, Hold Rig Count Steady

Aramco deployed 210 oil and gas rigs in 2014.

Saudi Telecom Appoints Khalid Bin Hussain Biyari As CEO

Biyari’s current roles include senior vice president for technology and operations, and vice chairman of affiliate Viva Kuwait.

Saudi’s Tasnee Q4 Net Profit Drops 46.5% As Petchem Prices Weigh

The company made SAR160.7 million($42.8 million) in the last quarter of 2014.

Saudi Arabia’s Nuclear, Renewable Energy Plans Pushed Back

The country was initially looking to install 17 gigawatts of nuclear power and 41 gigawatts of solar capacity by 2032.

Saudi’s Al Tayyar Travel Q4 Net Profit Up 13.5% On Sales Jump

The company made a net profit of SAR236 million ($62.9 million) in the last quarter of 2014.

Saudi Telecom Posts 32.6% Q4 Net Profit Slump, Raises Dividend

The firm made a net profit of SAR2.44 billion ($649.8 million) in the last quarter of 2014.

Saudi Issues Shoot On Sight Order For Border Infiltrators

The orders follow an attack on the Saudi border earlier this year leaving two guards and a senior military commander dead.

Saudi’s Sipchem Q4 Profit Falls 33% As Production, Sales Drop

Sipchem made a profit of 132.4 million riyals ($35.28 million) in the last quarter of 2014.

Saudi’s Almarai Cites Sales Growth For 15% Profit Jump

The company made net earnings of SAR428 million in the last quarter of 2014.

Iran Minister’s Saudi Visit Delayed Due To Oil Price Fall – Tehran

The two sides have been talking about the visit for about 18 months, and a date had been tentatively set for last October.

Saudi’s Savola Group Misses Estimates With 23% Profit Drop

Net earnings in the three months to Dec. 31 were SAR434.4 million.

SABIC Has No Plan For New Bonds In 2015 But May Refinance Loans

The company is considering refinancing two loans that fall due in June and November, an official said.

SABIC Sales Drop 10% As Profits Plunge – CEO

SABIC’s chief executive Mohamed al-Mady told reporters that the outlook for 2015 was unpredictable and contingent on oil prices.