Tuesday 31 May 2016
 
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Saudi

Saudi tourists spend $7.4bn abroad annually

Saudi Arabian tourists are among the highest spenders while travelling, registering more than SR30 billion ($7.4 billion) annually, with 72 countries offering the kingdom's citizens the option to travel visa-free, said a report.

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Saudi-Egypt bridge 'to recover cost in 10 years'

The cost of the King Salman Bridge, to be built over the Red Sea connecting Saudi Arabia and Egypt at an investment of $3 to $4 billion, can be recovered in 10 years, said a report, citing a former Egyptian minister. The project i

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Haj row escalates as Iran misses new deal

An Iranian delegation has left Saudi Arabia without an agreement for its citizens to attend the haj pilgrimage this year, Saudi media have reported, a second failure by the Shiite power to strike a deal. "At dawn on Friday, t

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Saudi-Egyptian JV unveils $3.6bn residential project

Mountain View-Sisban, a joint venture between Saudi-based Sisban Holding and leading developer Mountain View, has launched its giant $3.6-billion luxury residential project in New Cairo, Egypt. The project’s general layout w

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Saudi Aramco discovers new oil and gas fields

Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand, its new energy minister said. Khalid al-Falih, wh

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Egyptian cabinet approves $2.5bn grant from Saudi Arabia

Egypt's government approved on Thursday a $2.5 billion grant from Saudi Arabia, the cabinet said in a statement. "The cabinet approved a grant agreement between the governments of Egypt and Saudi Arabia in which Saudi Ara

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Aramco boosts market share as it prepares for listing: CEO

Saudi oil giant Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview, as it acts as a "bridge" to a future when the nation relies less on energy exports. Nas

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Saudi JV to develop $3.6bn Egypt housing project

Jeddah-based Sisban Holding has joined hands with leading developer Egyptian Mountain View to launch its giant $3.6-billion luxury residential project, said a report. The Mountain View iCity is being developed as a comprehensive u

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Dubai to see 2.5m Saudi tourists by 2020

Ranked among the top destination choices for Saudi Arabian travellers, Dubai can expect to see tourist arrivals from the kingdom hit 2.5 million a year by 2020, said a report quoting an Emirati official. The UAE emirate recorded a

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Sabic may get new presidents for three units

Petrochemicals giant Saudi Basic Industries Corp (Sabic) has recommended the appointment of new presidents at three of its affiliates, including one subsidiary which experienced a deadly fire last month, industry sources said on Monday.

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