Home next GCC next Saudi Arabia

Saudi Arabia

Saudi’s Advanced Petrochemical Seeks Shareholder Nod For Sukuk

The firm will hold a general meeting on Sept. 15, it said without specifying the possible size of the issue.

No Saudi Ban Over Ebola For Nigerians Going On Haj

The smaller scale of outbreak in Nigeria is relatively less worrying when compared to other Ebola-hit countries, an official was quoted as saying in local media.

Eid Al Adha Could Fall On October 5 – Report

The chairman of the Islamic Crescent Observation Project (ICOP) has reportedly said that Eid Al Adha could also fall on October 4.

Saudi Jails Six For Going Abroad To Fight

In February, King Abdullah decreed prison terms of three to 20 years for travelling abroad to fight.

Saudi Builder Al Khodari Says To Diversify Into Solar, Nuclear Energy

Al Khodari’s new activities will include supplying and installing solar energy equipment and systems, it said in a statement to the Saudi bourse.

Saudi Awards $1.8m Deal For Study Into High-Speed Rail Line Between Riyadh, Dammam

Transport consultancy Consultrans said it had been awarded a 10-month contract to conduct the study.

Saudi Arabia Cushions Labour Reform With New Hours, Subsidies

A draft law limiting working hours is among measures to limit the impact of labour reforms in the Kingdom

Saudi Bristles As Turmoil Looms Large In The Middle East

The Kingdom is wary of the growing influence that the Islamic State is wielding across the region.

Saudi Steps Up Ebola, MERS Monitoring Ahead Of Haj

The Kingdom has stationed health officials at all entry ports to monitor the health status of pilgrims coming to perform Haj, officials said.

Saudi’s Advanced Petrochemical To Invest In $1bn Plant In South Korea

The project will be financed 40 per cent equity and 60 percent debt, the company said.

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.