Home GCC Saudi Arabia

Saudi Arabia

Saudis Round Up Thousands Of Illegal Immigrants

The government hopes that reducing the number of illegal workers will create opportunities for Saudi job-seekers.

Revealed: Top 5 Companies In Saudi Arabia 2013

The biggest businesses in the Kingdom, valued by market capital.

Saudi Business Activity Growth Weakens In October

The rate of output growth for non-oil producing private sector companies, at 58.2, was the second-slowest in the survey’s 51-month history.

Foreign Workers Stay Home To Escape Saudi Visa Crackdown

The Saudi government has promised raids on businesses, markets and residential areas to catch expatriates whose visas are invalid.

Kerry Hails Disgruntled Saudi Arabia As Important U.S. Ally

Saudi Arabia is angry over what it sees as a weak foreign policy on the part of the Obama administration.

Kuwaiti Woman Arrested For Driving In Saudi Arabia

Kuwaiti women are free to drive in their country and enjoy far more rights than those in Saudi Arabia.

Four People Injured In Saudi Prison Fire, Riots

Two inmates were admitted to hospital for alleged gunshot wounds while firefighters put out the blaze.

WHO Confirms Four More Cases Of Middle East Virus

The four new cases bring the number of people worldwide struck by the MERS virus to 149, of which 63 have died.

Saudi Telecom Posts 73% Profit Leap, Beats Forecast

STC made a net profit of 3.39 billion Saudi riyals in the three months to September 30, up from 1.95 billion riyals a year earlier.

Saudi’s Kingdom Holding Posts 1% Q3 Net Profit Rise

The firm, owned by billionaire Prince Alwaleed bin Talal, attributed the profit gain to an increase in gains on investments

Dubai Holding Arm Plans To Sell Stake In Rivoli Group

Dubai International Capital is in negotiations to sell its 18 per cent stake in Rivoli Group to Saudi-based Al Rajhi Capital, say sources

Saudi Religious Leader Urges Youths Not To Fight In Syria

The Kingdom has backed the rebels battling President Bashar al-Assad

Saudi Electricity Company Posts Slight Drop In Q3 Net Profit

Profit fell to SAR2.853 billion in the three months ended Sept. 30

Zain Saudi Q3 Net Loss Narrows, But Misses Forecasts

The telecoms operator made a net loss of SAR421 million in the three months to Sept. 30

Saudi Women Say They Will Keep Pushing For Right To Drive

Activists posted 12 films on YouTube said to be of women driving on Saturday

SABIC’s 2014 Outlook Improving With Q3 Profit Rise

The company’s sales in the third quarter rose nine per cent to 48.8 billion riyals over the same period in 2012.

Saudi Women Break Driving Ban, Defying Warnings

Organisers of the campaign say their call for women to drive on Saturday was not a political protest

Saudi Arabia Warns Of Shift Away From US Over Syria, Iran

The United States and Saudi Arabia have been allies since the Kingdom was declared in 1932.

Kuwait Emerges As Front-Runner To Fill Saudi Security Council Seat

Saudi Arabia rejected a UN Security Council place in protest at the body’s failure to end the war in Syria and act on other Middle East issues.

Saudi Firm Plans $200m Education Fund For Middle East

Itqan Capital is eyeing up to $200 million for the fund that it plans to launch with Bahrain-based school consultancy firm D3 Consultants in 2014.

Saudi Arabia Under Fire At UN Over Women’s Rights

Critics accused the Kingdom of jailing activists without due process and abusing the basic rights of Saudi women

Saudi PetroRabigh Says Shuts Ethane Cracker After Water Leak

PetroRabigh estimated the financial loss due to the outage at around $22 million.

Arab States Urge Saudi To Keep U.N. Security Council Seat

The Kingdom refused its newly won council seat condemning the UN body’s double standards on the Middle East

Potline At Massive Saudi Smelter Shut Down

Repairs at the $10.8 billion facility could stretch well into next year.

U.S. Passes Saudi To Become World’s Top Oil Producer

The U.S. has witnessed the fastest expansion in production over a four-year period since a surge in Saudi Arabia’s output from 1970-1974.

Britain Exports 50,000 T Barley To Saudi Arabia

Britain exported 42,000 tonnes of barley to Saudi Arabia during the 2012/13 season according to customs data.

Saudi Aramco Ready To Use Unconventional Gas For Power Plant

By unlocking its gas reserves, Saudi Arabia could use the fuel to power its domestic economy and allow more room for oil exports.

India To Become MENA’s Top Trading Destination By 2030

India will account for 14 per cent and 18.5 per cent of exports from the UAE and Saudi Arabia respectively by 2030.

Saudi Artisans Produce $6m Gold Laced Kiswa For Haj Shrine

The gold-embroidered, black-dyed Kiswa, a silk cover draped over the Kaaba, took eight months to produce.

No Cases Of MERS Virus Among Haj Pilgrims So Far – Ministry

The death toll from the respiratory virus in the Kingdom, where the strain emerged last year, has reached 51.