Friday 27 March 2015
 
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Saudi Arabia

Saudi's Safco urea plant start-up delayed till May

The start-up of a new urea plant owned by Saudi Arabia Fertilizers Company (Safco) will be delayed to mid-May this year, the company said on Thursday. Safco did not give a reason for the delay of the facility known as Safco 5, but

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Gulf economies can cope with escalating Yemen conflict

Economies and markets in the wealthy Gulf oil exporters barely blinked when Islamist militants overran parts of neighbouring Iraq last year, and they look likely to ride out escalating conflict in Yemen with similar ease. Air stri

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Gold rallies as Yemen air strikes rattle markets

Gold rallied to a 3-1/2 week high on Thursday and silver rose nearly 3 per cent as escalating tensions in the Middle East knocked stocks and the dollar and drove investors into assets seen as lower risk, like bullion and German bonds.

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Infiniti organises special event for Saudi customers

Infiniti Middle East along with Al Ghassan Motors, its authorised dealer in Saudi Arabia, recently organised an exclusive Infiniti themed event for its customer in Riyadh, which included a ground-breaking performance of light painting done with

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Anjum Hotel Makkah to participate in STTIM

Anjum Hotel Makkah, a luxury hotel in Saudi Arabia’s holy city, will be a strategic partner for the eighth edition of the Saudi Travel and Tourism Investment Market (STTIM) to be held from March 29 to April 3 at the Riyadh International Co

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Saudi private sector cautious in response to Royal Bonus

Very few private sector firms in Saudi Arabia have plans to follow a recent Royal initiative and pay Saudi nationals a special bonus, according to a new survey conducted by Mercer, a global human resources and investments consultancy.  

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Saudi Arabia, allies launch airstrikes in Yemen

Saudi Arabia launched air strikes in Yemen on Thursday in coalition with Gulf region allies to counter Iran-backed forces besieging the southern city of Aden, where the US-supported Yemeni president had taken refuge. Shortly after

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Gulf Air facilitates Umrah for Bahraini pilgrims

Gulf Air, Bahrain’s national carrier, has partnered with Bahrain-based Umrah contractors to give under-privileged pilgrims free, comprehensive Umrah packages including flights to Saudi Arabia, accommodation and dedicated guides. T

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Saudi Arabia building up military near Yemen border

Saudi Arabia is moving heavy military equipment including artillery to areas near its border with Yemen, US officials said on Tuesday, raising the risk that the Middle East's top oil power will be drawn into the worsening Yemeni conflict.

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Saudi tightens clamp on illegal expat workers

Saudi Arabia is tightening a crackdown on illegal foreign workers in the kingdom, giving the Ministry of Labour more powers including the right to distribute financial rewards to inspectors who turn up violations. The decision is

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