Sunday 23 November 2014
 
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Saudi Arabia

Saudi oil policy uncertainty unleashes speculation

If Saudi Oil Minister Ali Al Naimi wants to stop speculation spreading before a crucial Opec meeting next week, it's too late.   Al Naimi's intervention last week after a two-month silence failed to addre

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Red Hat encouraged by Saudi IT drive

Red Hat is seeing strong prospects for growth in Saudi Arabia in the wake of fervour demonstrated by the government and large enterprises for technology adoption. Faycal Saile, Red Hat’s general manager for the Middle East,

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Interactive Intelligence to focus on new areas

Interactive Intelligence’s focus in Saudi Arabia will be contact centre solutions, unified communications and business process automation as it proceeds to build its business in the kingdom, the company’s Saudi territory manager Safw

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HMH, Mobarak Hotels sign new Madinah hotel deal

Hospitality Management Holdings (HMH), a leading hotel management company, has entered into a management agreement with Mobarak Hotels Group for operating Coral Al Madina Hotel in Saudi Arabia. Laurent A. Voivenel, CEO of HMH and Al She

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Saudi crude oil exports edge up to 6.72 mbpd in September

Opec heavyweight Saudi Arabia's crude oil exports edged up in September by around 59,000 barrels per day (bpd) while volumes used by domestic refineries remained high, official data showed.   The world's

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Saudi crude oil exports edge up to top 6.5m bpd

Opec heavyweight Saudi Arabia's crude oil exports edged up in September by around 59,000 barrels per day (bpd) while volumes used by domestic refineries remained high, official data showed on Tuesday. The world's top oil e

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New capacity to change Saudi’s refined product balance

A rapidly rising population, economic growth and improving living standards will drive Saudi Arabia’s refining capacity increase by 1.2 million barrels per day (mbpd) by the end of the decade, a report said. This includes th

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Oil slide won't impact Saudi budget: Minister

The recent plunge in oil prices will not have a direct impact on Saudi Arabia's budget as the kingdom takes precautions to handle all possibilities when planning its finances, Finance Minister Ibrahim Alassaf was quoted as saying.

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Saudi to open stock market to foreigners before April

Foreign institutional investors are expected to begin direct trading of Saudi Arabian stocks before April next year, the Asharq al-Awsat newspaper reported on Monday, quoting unnamed sources. In August, the Capital Market

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Saudi developer Jabal Omar swings to profit

Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, has reported its first quarterly profit in five years. Since 2009, Jabal Omar, which works on projects in Makkah, has only report

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