Saturday 27 August 2016
 
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Saudi

Mobily to train 6,000 Saudis in mobile sales, maintenance

Saudi Arabia's Ministry of Labor and Social Development and Etihad Etisalat (Mobily) have signed a memorandum of understanding (MoU) to train and support Saudi nationals to work in mobile sales and maintenance shops. According

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Saudi Arabia foils attack on mosque in Qatif

Saudi security forces shot dead a suspected militant who tried to detonate explosives outside a mosque in the Qatif region in eastern Saudi Arabia, the interior ministry said on Wednesday. "The man was shot outside a mosque i

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Saudi govt selling $5.3bn bonds, says report

The Saudi Arabian government is selling up to SR20 billion ($5.3 billion) of domestic government bonds to banks in a monthly sale to help cover a budget deficit caused by low oil prices, Maaal financial website reported on Tuesday.

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Ikea Saudi Arabia honoured at Cannes Lion International Festival

Ikea Saudi Arabia and Memac Ogilvy together swept three gold and one silver award at the Cannes Lions International festival of creativity. "Winning these prestigious awards is not only an achievement for our company, but als

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Oil market talks with Saudi under way: Russia

Russia, the world's top oil producer, is consulting with Saudi Arabia and other producers to achieve oil market stability, Energy Minister Alexander Novak said, adding that the door is still open for more discussions on freezing output level

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Starwood to open new Sheraton in Makkah

Starwood Hotels & Resorts Worldwide is further expanding its presence in Saudi Arabia with the signing of a new Sheraton in the holy city of Makkah. Owned by Altayyar Travel Group Holding Company, Sheraton Makkah Jabal Al Kaab

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Madinah prepares for influx of pilgrims

More than 600,000 pilgrims are expected to arrive in Madinah, Saudi Arabia, this week before Haj, the Ministry of Haj and Umrah has announced. Saudi Arabia’s new ‘post-oil’ economy plan as outlined in ‘Visi

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Saudi vows to keep riyal pegged to US dollar

Saudi Arabia's central bank governor Ahmed Al-Kholifey reiterated on Friday that the kingdom was committed to keeping the riyal pegged to the US dollar and that it had "sufficient tools" to support its fixed exchange rate policy.

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Saudi oil output hits record 10.67mbpd in July

Top oil exporter Saudi Arabia boosted its oil output to a record high in July, it told Opec, in a sign key members remain focused on market share rather than tackling a supply glut by curbing production. The monthly report from th

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Saudi to open stock market wider to foreigners on Sept 4

Saudi Arabia will ease restrictions on foreign investment in its securities markets next month, sooner than previously indicated, in an effort to attract more institutional money into its bourse, the regulator said on Wednesday. W

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