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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.

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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.

Saudi Arabia Crude Output Rises To 9.66m Bpd In April-Source

Saudi Arabia supplied 9.650 million bpd in April to the market, up from 9.533 million bpd in March, an industry source said.

UAE To Increase Screening Of GCC Camel Shipments Over MERS Fears

All camel shipments from the GCC will be quarantined for 24 to 28 hours until the laboratory tests are conducted, the ministry said.

Saudi Arabia Plans New Pilgrimage Airport At Taif

Most of the several million haj pilgrims coming from abroad each year now arrive at a special terminal in Jeddah’s international airport.

Saudi Arabia Finds Another 18 MERS Cases As Disease Spreads

The total number of infections nearly doubled in April and has risen by a further 21 percent already in May.

Head Of Jeddah Hospital Replaced As Saudi Fights MERS Virus

The head of Jeddah’s King Fahd Hospital was replaced as WHO warned of “breaches” in infection prevention.

“Saudi Liberals” Website Founder Sentenced To 10 Years In Jail

Badawi was arrested in June 2012 and charged with cyber crime and disobeying his father.

Saudi’s Abdul Mohsen Al-Hokair Gets Regulator Nod For IPO

The IPO will be divided into two sections and conducted as a book-build offering, the statement said.

AECOM Wins $28m Jeddah Metro Contract

The company will supply pre-programme management consultancy services and staff.

Saudi’s Algosaibi Says Creditors To Get Min 20 Cents On Dollar Under Debt Plan

The firm said it would pay 10 per cent of claims as an upfront payment and would target a total recovery for creditors of between 40 and 60 per cent of their due cash.

Saudi Tadawul CEO Says Looking To Go Public “Soon”

The Kingdom’s stock market saw five initial public offers of shares in 2013 worth around $506 million.

Saudi Group Algosaibi Seeks Truce In Debt Dispute

Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers’ failure in 2009 left debts estimated at more than $7 billion.

Saudi’s Alkhair Capital Predicts 10% Annual AUM Growth

Alkhair, which has been operating in the Saudi market since 2009, opened an office in the Dubai last month.

Saudi Arabia Eyes “Qualitative” Shift In Economic Development

Economy and Planning Minister targets annual economic growth of five percent in the country’s 2015-19 development plan.

Saudi Econ Minister Targets 5% Annual Growth

Growth expected as a result of the country’s next five-year development plan.