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HTC One M8 To Hit Dubai Shelves On April 4, Special Gold Edition Planned

HTC’s latest smartphone is priced at Dhs2,750 in the UAE.

Saudi Budget Carrier Flynas To Become Profitable This Year

Flynas currently carries three million passengers annually and claims 15-18 per cent of the domestic air travel market.

British Airways Launches Daily Flights On Jeddah-London Route

The expansion is part of British Airways’ investment in Saudi Arabia and the wider Middle East.

Saudis Charge Three Over Allegedly Seditious Tweets

The men are reportedly the first to be charged under the terms of a February royal decree.

Saudi Arabia’s NCB Plans Capital Hike Before IPO

The government said it planned to float 15 per cent of the bank on the stock exchange later this year in an initial public offer.

Saudi’s Algosaibi Estimates Assets At A Fraction Of Claims Against It

The company has invited more than 70 financial institutions to a meeting in Dubai to propose “a comprehensive settlement” with creditors.

Saudi Arabia’s Algosaibi Calls May Creditor Meeting -Bankers

The 2009 collapse of Algosaibi’s Bahrain unit, The International Banking Corp, and Awal Bank, owned by Saad Group, left an estimated $22 billion bank debt.

Saudi Bans Men From Selling Perfumes And Cosmetics To Women

Only female staff will be allowed to work in stores selling women’s products by October 2016, local media reported.

Thai Court Throws Out Murder Charges In Saudi ‘Blue Diamond’ Case

The theft of jewels worth $20 million and the disappearance of Saudi businessman Mohammad al-Ruwaili has strained Thai-Saudi relations.

Saudi Dynasty Moves To Forestall Succession Crisis

The Kingdom recently appointed Prince Muqrin as deputy crown prince.

Obama-Saudi King Talks May Ease Friction But No Breakthrough Seen

Friday’s two-hour exchange in the Kingdom did not yield a shared statement or any evidence of policy changes.

Obama, Saudi King Discuss Syrian Rebels, Iran, Gulf Security

US President Barack Obama made the remarks during an official visit to the Kingdom.

Saudi JV Jubail Refinery To Reach Full Output By Mid-2014

The joint venture, operated by France’s Total and Saudi Aramco, began a gradual startup of operations last year.

Saudi Prince Muqrin Named Second-In-Line To Succeed King

Prince Muqrin bin Abdulaziz, a former intelligence chief in the Kingdom, has been appointed deputy crown prince.

GCC Healthcare: In Sickness And In Wealth

Could a lack of investment in long-term care facilities create a chronic problem for GCC nations focused on large-scale hospital projects?

Obama Aims To Soothe Saudi Fears With Riyadh Visit

Washington’s preliminary nuclear deal with Iran last year caused tensions between the US and Saudi.

Saudi’s Labour Reforms Push 50% Of Contractors Out Of Business

Labour shortage has led to a surge in wages, making it unsustainable for small and medium firms to survive in the market.

Saudi Arabia Hanco Consortium Buys Rental Firm Byrne

Saudi Arabia’s Hanco and Bahrain’s Venture Capital Bank bought Byrne for around Dhs600 million.

Exclusive: Founder Of Islamic Cartoon ‘THE 99’ Denies Knowledge Of Saudi Ban

Reports claimed that a Saudi religious body issued a fatwa banning the popular cartoon series.

Saudi Arabia Approves New Fund To Invest In Manufacturing

The new Saudi Arabian Company for Industrial Investment will have capital of SAR2 billion.

Saudi Arabia’s Strategic Barley Reserves At Four Million Tonnes

The country imported 10.65 million tonnes of barley in 2013.

Millennium To Open 11 Hotels Across The Gulf In 18 Months

The hotel chain is focussing on Saudi Arabia and the UAE with four hotels apiece.

Saudi Market Recovers, Hits Five-Year High

The Saudi index, which includes several large petrochemical companies, eased throughout last week as oil prices retreated.

Saudi Arabia To Add 1.7m Tourism Jobs By 2020

The Kingdom’s tourism sector provided around 751,000 new jobs in 2013, including around 27 per cent of them for Saudis.

Saudi Investment Bank Picks Riyad To Arrange Sukuk – Sources

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

Saudi Developer ACWA Picks Adviser For Home Bourse IPO – Sources

The offering is likely to take place before the end of the year or in the early part of 2015, sources say.

Saudi Arabia Sentences 13 For Backing Militants

The 13 sentenced to between three and 14 years in prison were nine Saudi citizens, two Jordanians, an Egyptian and a Syrian.

Xbox One To Launch In UAE, Saudi In September

Microsoft announced that its new gaming console will be made available in 26 additional countries.

Saudi Says Spat With Qatar Won’t Be Solved Unless Doha Changes Policy

Saudi, the UAE and Bahrain recalled their ambassadors from Qatar on March 5, citing policy differences.

Philips To Acquire 51% Of Lighting Firm In Saudi For $235m

The acquisition of General Lighting Company will create a new joint venture, Philips Lighting Saudi Arabia.