Sunday 28 August 2016
 
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Saudi Arabia

Iraq asks Saudi Arabia to replace ambassador

Iraq's foreign ministry has asked Saudi Arabia to replace its ambassador in Baghdad, Thamer Al-Sabhan, Iraqi state TV said on Sunday. Iraqi Shi'ite politicians have made persistent requests that Al-Sabhan be expelled in re

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Khodari renews $35m Islamic facility

Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Sunday that it had renewed an existing SR132 million ($35.2 million) Islamic credit facility with Samba Financial Group. The facility will provide b

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Saudi's Sadara starts up region's first mixed-feed cracker

Sadara Chemical Company, a leading petrochemical joint venture between national oil giant Saudi Aramco and Dow Chemical, today (August 28) started operating its mixed feed cracker (MFC) at the venture's petrochemical complex in Jubail.

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Oil prices fall as Saudi Arabia dampens prospects of output freeze

Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.

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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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