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Saudi Telecom Sets Up $1.33bn Sukuk Programme

The operator did not say when it would issue the sukuk.

Saudi King On Holiday, Crown Prince In Charge – Royal Court

King Abdullah departed the Red Sea port city of Jeddah for Morocco.

Saudi’s Dar Al Arkan Plans Benchmark Five-Year Dollar Sukuk

The developer said on Monday it would talk with international investors on Tuesday ahead of a potential sukuk.

Saudi Arabia Approves $21bn Five-Year Education Plan

The plan includes building 1,500 nurseries and providing training for about 25,000 teachers.

Saudi Arabia Closes Embassy In Libya Due To Security Concerns

Heavily armed gunmen stormed Libya’s parliament on Sunday demanding its suspension.

Sony Xperia Z2 Launches In UAE, Saudi

The waterproof smartphone is priced at Dhs2,699 in the UAE.

Dow Awards Construction Contract For Reverse Osmosis Plant In Saudi

Fluor Corporation has won the engineering, procurement and construction contract for the facility.

Banque Saudi Fransi Plans $533m Sukuk By End-June

The sukuk will enhance the bank’s Tier 2, or supplementary, capital.

Singapore Airlines Axing Cairo And Riyadh Routes From September

The poor performance of the routes was due to lack of demand as well as increased competition from other carriers.

Saudi Arabia May Curb Trade Ties With Netherlands Over Anti-Islam Slogans

Stickers printed by far-right politician Geert Wilders display anti-Islam slogans.

Saudi’s Ma’aden Plans $1.5bn Rights Issue, HSBC To Advise

The company plans to use the money to expand its phosphate and gold operations, and increase funding for its aluminium business.

Saudi’s $1.6bn Kingdom Tower Set for December 2018 Completion

The over one kilometre tall Kingdom Tower will replace Dubai’s Burj Khalifa, 828 metres tall, as the highest in the world.

Saudi Arabia Establishes MERS Centre To Stem Outbreak

The new centre aims to ensure cross ministry coordination and disease control in the Kingdom.

UAE Online Job Postings In Healthcare Rise 21% In April – Study

The steepest decline in online job postings was recorded in the UAE’s IT/telecom sector, with opportunities falling 17 per cent.

Saudi Arabia Reports 10 More Deaths From MERS Virus, 20 Other Cases

Five of the deaths were reported on Tuesday and five on Wednesday, according to statements on the health ministry’s website.

Different Arab money

Saudi-Based IDB Says Plans Benchmark Sukuk Issue Around May 2015

In February, IDB, which has a top-notch AAA rating, priced a $1.5 billion, five-year sukuk, its largest ever Islamic bond.

Saudi King Appoints Son As Governor Of Riyadh Province

Moves in the ruling family are closely watched at home and abroad for clues on who will rule the world’s top oil exporter.

Saudi Aramco, Sumitomo Face Higher Costs For Petrochemical Plant Expansion

The expansion plan was originally estimated to cost around $7 billion.

Saudi Developer ACWA Confirms Fransi As IPO Adviser

The company said it is trying to get the initial public offering completed this year.

WHO Says Deadly MERS Virus Does Not Constitute Global Emergency

The virus, which causes coughing, fever and sometimes fatal pneumonia, has been reported in more than 500 patients in Saudi Arabia.

Saudi Arabia Needs To Spend $213bn On Water, Power In Next Decade

Saudi Arabia’s peak power demand during summer is approaching the total installed capacity of around 60,000 MW, a senior official said.

Saudi’s SABIC Sees Oil-To-Chemicals Plant Start-Up By 2020

The industrial complex is expected to help provide around 100,000 direct and indirect jobs for Saudis.

Saudi Foreign Minister Says Has Invited Iranian Counterpart To Visit

Iranian Foreign Minister Mohammad Javad Zarif has visited most of Kuwait, Qatar, Oman and the UAE since the nuclear pact.

WHO Meets Global Experts Over MERS Scare

Meeting will be held to discuss whether to elevate the status of the virus.

Jeddah Economic Co To Raise Funds For Kingdom City Super Tower Project

Kingdom City in Jeddah will also include mixed-use residential and commercial developments, the chief executive said.

Saudi’s Naimi: No Plans To Reduce Output Despite Rising Exports From Iraq, Others

Saudi Arabia’s oil minister also said that total global oil demand was steady.

Saudi Arabia Warns Of MERS Virus Risk From Camels

More than a quarter of the 480 diagnosed with MERS in Saudi Arabia have died.

Egypt To Get More Than $3bn In Free Fuel From Saudi By August

Egypt’s government said last week that gifted fuel from Gulf nations, including Saudi Arabia, totalled $6 billion.

Etihad Rail Signs MoU With Saudi Railways Company

The agreement is expected to allow for greater collaboration ahead of the GCC Rail project.

Saudi Arabia Finds Another 32 MERS Cases As Disease Spreads

The rate of infection in Saudi Arabia has surged in recent weeks after big outbreaks associated with hospitals in Jeddah and Riyadh.