Home next GCC next Saudi Arabia

Saudi Arabia

UAE’s Masdar, Saudi’s KACARE Sign Deal To Develop Clean Energy

The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.

Hackers Warn Of Cyber Attacks On Oil Companies In Saudi, UAE, Qatar

The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.

Saudi Arabia Says Rejects Foreign Intervention in Iraq

In a statement, the Kingdom blamed the crisis on years of “sectarian and exclusionary” policies.

Saudi Arabia Records Dismal Turnout For 11,000 Private Sector Job Adverts

The monthly salaries being offered for these jobs ranged from SAR4,000 to SAR10,000, according to a report by Riyadh Chamber of Commerce and Industry.

Saudi MERS Response Hobbled By Institutional Failings

Saudi health sources and international virologists have highlighted poor communication, lack of accountability and inadequate state oversight in the Kingdom.

Saudi Arabia Proposes Reducing OPEC Meets From Twice To Once A Year

The OPEC meetings since 2012 have produced no policy change.

Saudi’s SABIC Becomes Largest Patent Developer In The Middle East

The petrochemical company has over 10,000 patents either issued or pending approval.

Nokia Lumia 930 and Lumia 630 Launch In UAE, Saudi

The 630, priced at Dhs599, and the 930, priced at Dhs2199, are the first Lumia devices that run Microsoft’s Windows Phone 8.1.

Saudi’s Shoura Council Debates Sovereign Wealth Fund Plan

The Kingdom’s central bank, SAMA, has long managed the country’s investment of oil surpluses abroad.

Saudi’s Sipchem Growth Plans Remain Despite Merger Collapse

Sipchem recently ended merger talks with Sahara Petrochemical.

Saudi Aramco Reports Small Fire At Gas Plant, No Disruption

The Berri gas plant includes three gas-oil separation plants, five new and 10 upgraded offshore platforms, 35 drilling islands and a 140MW co-generation plant.

Saudi Wheat Imports To Reach 2.7m Tonnes This Year

The Kingdom imported about 2.6 million tonnes of wheat last year.

Banque Saudi Fransi To Complete SAR2bn Sukuk By End-June

Order books are scheduled to close at the end of this week, according to sources.

Saudi Telecom Issues SAR2bn, 10-Year Debut Sukuk

The issue was almost two times oversubscribed.

Saudi Arabia Jails 33 For Up To 30 Years On Terrorism Charges

The suspected militants were arrested in Riyadh’s al Nakheel district in 2006.

Saudi Govt Seizes Riyadh Land Plot From Saudi Telecom

The 1.05 million square metre plot in Riyadh has a book value of SAR105.3 million.

Accor To Open New Ibis Hotel In Jeddah

The French hospitality group will operate the new ibis Madinah Road in Jeddah Saudi Arabia.

Saudi Arabia To Discuss Proposal For Sovereign Wealth Fund

The proposed Saudi fund would start with capital of 30 per cent of budget surpluses accumulated over past years, it was reported.

Saudi Regulator Lifts Share Trading Suspension On Etihad Atheeb

The regulator had halted the trading of STC shares after the company failed to give sufficient details on a network sharing deal.

Saudi Mulls Raising Minimum Age For Drivers

The Kingdom’s Shoura Council is examining a proposal that suggests raising the minimum age of drivers to 20.

Saudi’s Sipchem Says Postpones Merger Talks With Sahara

Both firms agree the merger is still in the interest of shareholders but said it couldn’t be achieved under the current regulatory regime.

Saudi Investment Bank Sells $533m Capital-Boosting Sukuk

The offering will support the bank’s capital base in accordance with Basel III requirements, assist its future growth and diversify funding sources, a statement said.

Saudi Retailer Alhokair Signs $267m Islamic Loan

The amount will be used to help repay loans and fund expansion.

Kone To Provide “World’s Fastest” Elevators For Saudi’s Kingdom Tower

The firm will provide the world’s highest double decker elevators, which will travel at a speed of over 10 metres per second.

Trading In Saudi’s Etihad Atheeb Halted Pending More Info On STC Deal

The Capital Market Authority (CMA) has suspended trading in Atheeb shares until the company provides more details.

Saudi Telecom Co And Landline Firm Atheeb Sign Network Deal

The so-called Indefeasible Rights of Use (IRU) agreement gives Atheeb access to 30,000 STC data connections for 15 years.

Saudi Study Strengthens Case Against Camels In MERS Outbreak

MERS has infected 691 people and killed at least 284 of them in Saudi Arabia alone since it first emerged in 2012.

Saudi’s Shoura Council Seeks Probe Into Haramain Rail Project Delays

The project is now also costlier by $2 billion, according to the Saudi government.

Saudi Airman Convicted In Rape Of Boy In Las Vegas Seeks New Trial

Prosecutors say the official, who was visiting Las Vegas while temporarily stationed at Lackland Air Force Base in Texas, lured the boy to a room and sexually assaulted him.

Saudi King Invites Countries To Attend Donor Conference For Egypt

The monarch said any country that did not contribute to Egypt’s future despite having the ability to do so would “have no future place among us”.