Tuesday 16 September 2014
 
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Saudi Arabia

Saudi Arabian fund to buy Posco unit stake

South Korean steelmaker Posco is considering selling part of a stake in its construction unit Posco Engineering & Construction (Posco E&C) to an unidentified Saudi Arabian fund in a deal worth nearly 1 trillion won ($966.28 million), sai

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Saudi Arabian fund to buy Posco unit stake

South Korean steelmaker Posco is considering selling part of a stake in its construction unit Posco Engineering & Construction (Posco E&C) to an unidentified Saudi Arabian fund in a deal worth nearly 1 trillion won ($966.28 million), sai

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Saudi industries receive $269bn loans

Saudi Arabia’s state-run financing agencies have so far distributed industrial loans worth SR1.01 trillion ($269 billion) to 6,751 firms in the kingdom, according to local news reports. The loans were distributed under 23 industri

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Saudi, Oman lead GCC salary hike forecast

Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries for 2015 at 5.4 per cent each; a slight decrease from the 2014 predictions, a report said. Companies across the GCC are predicti

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Saudi, Oman lead GCC salary hike forecast

Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries for 2015 at 5.4 per cent each; a slight decrease from the 2014 predictions, a report said. Companies across the GCC are predicti

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Saudi Agriculture 2014 attracts 25,000 visitors

More than 25,000 local, regional and international visitors took part in the Saudi Agriculture 2014, which concluded yesterday. The event hosted 350 exhibitors from 40 countries who showcased the latest industry products and technologie

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Saudi oil minister plays down oil price decline

Saudi Oil Minister Ali Al Naimi on Thursday played down concerns about the recent fall in oil prices below $100 per barrel. "Have you ever seen me concerned?" Al Naimi said when asked if the fall was a matter for concern

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Saudi to host training of moderate Syria rebels

Saudi Arabia has agreed to host training camps for moderate Syrian rebels as part of US President Barack Obama's broad strategy to combat Islamic State militants who have taken over parts of Syria and Iraq, US officials said on Wednesday.

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Worst time for Saudi Arabia's giant new oil refinery

If you could pick the worst set of circumstances in which to start up a giant, export-oriented oil refinery, you might well have them right now. Saudi Aramco and joint venture partner Sinopec have started test runs at their 400,00

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Saudi unemployment rises 3.3pc

The number of unemployed Saudis rose 3.3 per cent this year to 622,000, urging the Labour Ministry to give reasons for this increase despite its efforts to find jobs for Saudis through various programmes. Saudi authorities have been urg

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