Sunday 26 May 2013
 
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Saudi Arabia

Saudi confirms another death from new virus

Saudi Arabia has notified the World Health Organisation (WHO) of an additional laboratory-confirmed fatal case of infection with the Middle East respiratory syndrome coronavirus (MERS-CoV). The fatal case was reported from Al-Qase

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Men ‘at more risk from SARS-like virus’

Men are being advised to take extra precautions after it emerged they could be more at risk from the deadly SARS-like virus than women, a report said. Men are thought to be more likely to contract the coronavirus, since they accou

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Iran denies link to spying ring in Saudi

Iran denied on Wednesday any link to members of a spying ring detained by its Sunni Muslim regional rival Saudi Arabia, according to Iranian media. Saudi state media reported on Tuesday that officials had detained 10 people accuse

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Lebanese firm to invest $800m in Sudan

Lebanese farmland investor GLB Invest plans to invest up to $800 million in Sudan to produce animal feed to be sold to Saudi Arabia, its president said on Tuesday. Arab investors have launched farmland and livestock projects in th

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Inflation a risk for strong Saudi economy: IMF

  Saudi Arabia faces a possible inflation risk due to buoyant growth that may warrant policy action to prevent the economy from over-heating, the International Monetary Fund said.

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Marriott opens first Courtyard hotel in Saudi

US-based Marriott International, a leading hospitality company, opened its first Courtyard brand of hotel in Saudi Arabia at a prime location close to the Diplomatic Quarter in Riyadh. Abdullah bin Abdul Rahman Al-Meqbel, Mayor of

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UAE tops region for tourism receipts in 2012

The United Arab Emirates has topped the Middle East region for international tourism receipts in 2012, a report said. Globally, the UAE was ranked 31st with receipts of about $10 billion, while Saudi Arabia claimed the 35th positi

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Saudi firm delays Sudan deal over dollar curbs

A Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits, its head said on Monday. Sudan, prized for its fertile land and easy acces

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MMG appoints advisor for debt restructuring

Saudi contractor Mohammad Al Mojil Group (MMG) said on Monday it had appointed the investment banking arm of Gulf International Bank to advise it on a restructuring of its debts. No value of the amount of debt being restructured w

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Dar Al Arkan to sell benchmark-sized sukuk

  Saudi Arabia's Dar Al Arkan Real Estate Development Company is aiming to sell a benchmark-sized Islamic bond, or sukuk, this week after announcing initial price thoughts for the dollar-denomin

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