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Saudi Court Jails 24 Men On Terrorism Charges

The court said charges ranged from “the establishment of a terrorist cell planning to targeting oil pipelines,” having weapons, and planning attacks and at home and in Bahrain.

Saudi Religious Police Issue Rare Apology For Beating Briton

The Briton was in a women-only checkout aisle at a supermarket in Saudi Arabia when the officers approached him.

New Massive Lagoon Planned For $4bn Megaproject In Saudi

The lagoon, to be built by Crystal Lagoons, will be situated at the centre of a 240-hectare mixed project being developed by the Prince Sultan Cultural Centre.

UAE Named 12th Most Competitive Nation Globally, Qatar Falls Three Ranks

The UAE was named the most competitive country in the Middle East and North Africa region while Qatar and Saudi Arabia fell in their rankings, a report from the World Economic Forum shows.

Saudi August Non-Oil Business Growth Fastest Since July 2011

The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index rose to 60.7 points last month – the highest level since July 2011.

Saudi Arabia Detains 88 People For Plotting “Terrorist” Attacks – Al Arabiya

The ministry said the suspects had been monitored for months before their arrest.

Saudi Pipeline Set Alight After Shots Fired At Security Patrol

The fire has been extinguished and there was no impact on oil or gas production, a security source said.

Exclusive: Emirates NBD Planning To Expand Saudi Operations – CEO

The bank, which currently has one branch in the Kingdom, is looking to grow operations across the country.

Saudi Court Jails 17 For Seeking To Fight In Iraq

The official Saudi Press Agency reported that the 17 were sentenced to terms of imprisonment ranging from 2-1/2 years to 26 years.

Saudi Central Bank Says May Cap Consumer Lending, Limits Fees

The change in rules could dent profit growth at banks, especially those that rely heavily on retail activity.

Saudi Arabia Fines $2.6m Over Labour Law Violations

There were 62,762 violations of labour law in the Kingdom, according to the Ministry of Labour.

Saudi Ma’aden, Alcoa Start Commercial Ops At Huge Aluminium Plant

The aluminium plant had experienced issues during the initial start-up phase last year when it had to shut one of its two smelting lines due to problems encountered during ramp-up.

Different Arab money

IFC Confirms $100m Investment In Saudi’s ACWA Power

The investment will boost the amount of funding for renewable energy projects to help meet growing power demand in the MENA region, IFC said.

Saudi Sipchem Affiliate Shuts Butanediol Plant For Upgrade

Sipchem said in a bourse filing that the shutdown of the International Diol Co plant had started on August 29 and would last four weeks.

Saudi’s King Abdullah Says US, Europe Could Be Next Terror Targets

King Abdullah warned that terrorism could spread to the West if strong action is not taken against the growing threat posed by militants in the Middle East.

Saudi Stocks Richly Valued But Still Attractive -Funds

Fund managers still see pockets of opportunity in Saudi due to the market’s liquidity and diversity.

Iraq And Syria Pose Saudi Dilemma – Failed States Or Iran Proxies

The Kingdom’s preferred Sunni allies have lost out to militants, and Riyadh faces its nightmare scenario of watching two key Arab states become proxies for its rival Tehran or perpetual failed states.

Over 600,000 Saudis Eligible For Housing Aid -Ministry

Families obtaining assistance from the housing scheme are to receive state-subsidised home loans or subsidised sales of land or housing units.

Saudi Mufti Tells Young Saudis Not To Heed Call To Jihad

Sheikh Abdulaziz Al al-Sheikh, the highest religious authority in the country, described the creed of al Qaeda and Islamic State as Islam’s “enemy number one” in his Friday sermon.

Saudi Arabia Denies Scrapping Plan To Reduce Working Hours

The confirmation comes after media reports indicated that the ministry is withdrawing the proposal to shorten working hours in the private sector.

Saudi Arabia Jails 23 More Men For Militancy In Security Crackdown

Those jailed have been convicted of crimes including “breaking allegiance to the ruler”, espousing a militant ideology and manufacturing explosives.

Saudi Foreign Minister, Other Top Officials Head To Qatar To Heal Rift

Saudi, Bahrain and the UAE recalled their ambassadors to Qatar in March, accusing Doha of interfering in their internal affairs.

Iranian Minister Says Saudi Talks “Constructive”

Hossein Abdollahian was in Jeddah for the first high-level talks between the two nations since Hassan Rouhani was elected Iran’s president.

Saudi Holds Eight Suspected Of Inciting Youths To Fight Abroad

Saudi Arabia has banned citizens from fighting abroad, donating money to any faction or sympathising with militant ideologies.

Iran Deputy Foreign Minister To Visit Saudi Arabia

Hossein Amir Abdollahian’s trip is the first high-profile visit to the Kingdom since the election of Iranian President Hassan Rouhani in 2013.

Saudi Stock Index Above 11,000 Points, First Time Since 2008

The stock index has jumped 13.3 per cent since the opening of the market was announced on July 22.

Saudi Builder Al Khodari Wins $184m University Contracts

Al Khodari will build facilities at Taibah University and at Northern Borders University.

Saudi Electricity Says 4,750MW Of Capacity To Be Online In Riyadh By 2017

SEC plans to spend $166 billion between now and 2023 on adding 40,000 MW of installed generating capacity.

Stock News: Conservative Ownership Rules May Slow Saudi Uptrend

The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.

Saudi Arabia’s Grand Mufti Denounces Iraq’s Islamic State Group

Sheikh Abdulaziz Al al-Sheikh said the militant groups Islamic State and al Qaeda were “enemy number one of Islam”.