Friday 26 August 2016
 
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Saudi Arabia

Saudi prince to discuss reform drive in China, Japan

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources said on Wednesday. In Ap

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Saudi Arabia to discuss energy ties with China, Japan

Saudi Arabia, the world's top oil exporter, plans to discuss energy cooperation agreements with China and Japan, the Saudi cabinet said on Monday. "The cabinet has approved to delegate a number of ministers to discuss wit

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Saudi Arabian tyre market set to reach $2.12bn

The Saudi Arabian tyre market is estimated to reach the value of $2.12 billion at the end of 2016, growing at a compound annual growth rate (CAGR) of 10.8 per cent during 2016-2026, said a report. The report titled “Kingdom

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New CEO for Ewaan Global Residential

Ewaan Global Residential Company, a leading real estate development company in Saudi Arabia, has appointed Fadi Qassim as its new CEO. Qassim succeeds Riyadh Al Thagafi, who decided to leave the position after a successful four-year sti

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Saudi Arabia to open up IPOs to foreign investors

Saudi Arabia will permit foreign institutional investors to buy shares directly in initial public offers, a move that could help the government sell billions of dollars' worth of stakes in state companies including oil giant Saudi Aramco.

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Saudi crude oil exports rise in June: Jodi

Saudi Arabia's oil exports rose in June as the kingdom kept the market well supplied, pumping near record high levels of crude to feed rising both local and international demand.   Crude exports in June rose

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100 firms to attend Saudi coffee, chocolate event

More than 100 domestic and international firms and specialist entrepreneurs in the coffee and chocolate industry will attend the International Coffee & Chocolate Exhibition, to be held in Riyadh, Saudi Arabia, later this year.

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Egypt to receive $2bn deposit from Saudi Arabia

Egypt is to receive a $2 billion deposit from Saudi Arabia, International Cooperation Minister Sahar Nasr said on Thursday. She did not specify when the money was expected to arrive, saying in a message: "We only signed ... t

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Saudi Arabia's May imports drop 20pc

Saudi Arabia's imports in May fell 20.3 per cent compared with a year earlier while non-oil exports edged down 0.4 per cent, showed data from the Central Department of Statistics and Information. Non-oil exports reached SR15.6

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Saudi signals it may hit new oil output record

Saudi Arabia is sending signals that it could boost its crude oil supplies in August to a new record level, overtaking Russia, the world's top oil producer, as it gets ready for tough talks next month for a global output freeze pact.

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