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UAE, Saudi, Bahrain Confirm Role In Strikes Against Islamic State In Syria

A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.

Iran’s Rouhani Says Ties With Saudis Deserve To Be Warmer

Rouhani said that he had no plans to meet with U.S. President Barack Obama while in New York this week.

Security, Rival Operators Delay Mobile Newcomers’ Entry To Saudi

Saudi has 1.8 mobile subscriptions per person, which means the new firms must likely woo customers from existing operators and that threat could explain their apparent reluctance to cooperate.

Saudi Banks In Strong Health – Central Bank Chief

The combined capital adequacy ratio of all banks was 17.8 per cent at the end of the second quarter this year, well above the eight per cent minimum specified by Basel standards.

Saudi Oil Minister Plays Down Concerns About Falling Crude Prices

Oil prices in Europe have declined since June as geopolitical concerns wane and key producers pump large amounts into the market.

Saudi And UAE Join US In Launching First Strikes In Syria

The United States has been building a coalition to combat Islamic State, which has seized large areas in Iraq and Syria.

Saudi’s Ma’aden Gets Regulator Approval For $1.5bn Rights Issue

Ma’aden earlier said it would seek capital to fund the expansion of its phosphate and gold operations.

Saudi’s National Commercial Bank To Start IPO Next Month

The IPO is expected to be one of the largest ever in the Gulf region.

Saudi Offers Cautious Support To US In Battle Against Islamic State

The Saudi leadership remains mistrustful of U.S. President Barack Obama after a series of disagreements following the Arab Spring.

Saudi Bourse Opening To Attract More Investments To The GCC

Saudi Tadawul Index liberalisation will usher in a new era of GCC investment, experts say.

Saudi Fighter With Islamic State Urges Fighters To Wage Jihad In Kingdom

The man called on his countrymen to attack not only the ruling family and Westerners in Saudi Arabia, but also the Kingdom’s senior Muslim clergy.

Saudi Utility To Spend $80bn By 2025 To Raise Water Production

SWCC, also Saudi Arabia’s second largest power producer, now produces 3.6 million cubic meters per day of desalinated water.

Saudi Arabia’s Top Clerics Speak Out Against Militancy

A statement from the state-appointed Council of Senior Scholars has also called for prohibiting militant financing.

Saudi Arabia To Allow OTC Trade Of Shares In Suspended Or Delisted Firms

The Capital Market Authority has issued rules covering such trade and will immediately start receiving requests from companies to conduct it, the authority said.

Saudi Court Sentences Two To Death, Jails 13 Over Attack

Saudi Arabia has arrested thousands of suspected militants since al Qaeda supporters waged a wave of attacks on residential compounds for foreign workers and on Saudi government facilities.

Aluminium Bahrain May Look Into Additional Listing In Saudi

Since listing in November 2010 on Bahrain’s index, Alba stock has struggled.

Saudi Corporate Earnings Growth Set To Jump Before Bourse Opening

The combined net profits of Saudi Arabia’s leading companies are expected to rise 17 per cent in 2014.

Saudi’s Savola Says JP Morgan To Advise On Possible Stake Buy In Americana

Savola said in August it had held preliminary talks with one of Americana’s largest shareholders about buying a stake in the firm.

Thai PTT And Saudi Aramco In Joint Vietnam Petrochemical Project

State-controlled PTT and Aramco will each own 40 per cent of the project at Binh Dinh’s Nhon Hoi economic zone, with the Vietnamese government holding the remaining 20 per cent.

Saudi Arabia Says Buys 610,000 Tonnes Of Hard Wheat

The wheat is to be shipped in 10 consignments, with 310,000 tonnes for shipment to the port of Jeddah and 300,000 tonnes for the port of Dammam.

Aramco, GE And TCS Open Saudi Arabia’s First All-Female BPO

Located in Riyadh, the new centre is expected to create 3,000 local jobs for Saudi women.

Saudi’s Savola Says To Sell Stake In Property Project For $158.3m

The company will sell its 30.4 per cent holding in the Masharef project to Kinan International Company for Real Estate Development.

Saudi’s Clerics Condemn IS, But Also Urged To Tackle Radicalism

The government’s reluctance to crackdown on expressions of intolerance towards non-Sunnis has raised questions.

U.S. Shale Squeezing Out Saudi Oil Imports, Boosting Gasoline Exports

The North American shale boom has not only cut crude imports into the United States but also turned it into a net products exporter.

Kerry Urges Arabs To Back Campaign Against Islamic State

In a strong measure of support, Saudi Arabia has agreed to host training camps for moderate Syrian rebels.

Saudi Oil Minister Downplays Concerns About Oil Price Drop

Brent crude hit an intraday low of $97.60 on Wednesday, its weakest level since April 18, 2013.

Saudi To Host Training Of Moderate Syria Rebels As Part of U.S. Strategy Against IS

U.S. officials declined to specify where on Saudi territory the rebels would be trained.

Saudi Arabia Tells OPEC To Cut Output In August As Oil Nears $100

The reduction comes as oil prices have come under downward pressure from ample supply and concerns about slower global demand.

Saudi Aramco, Sumitomo Chemical Invite Banks To Back JV Plant Expansion

The requests for proposals were issued by the parent firms to banks on Tuesday, with financing of the expansion to be split between conventional loans and sharia-compliant facilities.

Saudi’s Itqan Capital To Boost Islamic Finance Business

Itqan currently manages four sharia-compliant funds: a money market fund and three real estate funds.