Monday 3 August 2015
 
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Mobily shares hit six-year low

Shares in Saudi Arabia's telecommunications firm Etihad Etisalat (Mobily) tumbled to a six-year low as they resumed trading on Monday after the company restated earnings for 27 months and posted a second-quarter loss. The stoc

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Saudi king leaves France after holiday row

Saudi Arabian King Salman left the south of France for Morocco on Sunday, cutting short a planned three-week stay after a petition from some 150,000 residents over the closure of a public beach outside his villa. A Saudi source sa

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Saudi stocks tumble on oil, earnings

Stock markets across the Middle East fell on Sunday after oil prices dropped again and Saudi Arabia, heavily influenced by the petrochemicals sector, led losses, hitting a four-month low. The main Saudi index sank 3.2 per cent to

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Bin Laden relatives killed in private jet crash in UK

A private jet crashed in southern England on Friday, killing four people on board, a spokesman for Britain's Hampshire police service said, and Saudi and British media said the passengers were relatives of deceased al Qaeda leader Osama Bin

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Saudi tops GCC in key factory investments

Saudi Arabia ranks first in GCC in terms of size of manufacturing investments, showed a Gulf Organisation for Industrial Consulting (GOIC) report. The country’s share was 55.3 per cent, with Qatar in the second place at 21.7 per cent and t

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Saudi tops GCC in key factory investments

Saudi Arabia ranks first in GCC in terms of size of manufacturing investments, showed a Gulf Organisation for Industrial Consulting (GOIC) report. The country’s share was 55.3 per cent, with Qatar in the second place at 21.7 per cent and t

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Mobily trims 2013 profit, widens 2014 loss

Saudi Arabia's Etihad Etisalat (Mobily) on Thursday revised 27 months of earnings, cutting its 2013 profit and widening its 2014 loss, although its loss in the first quarter of 2015 lessened. The telecom operator has been embr

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BrandZ names Toyota ‘most valuable automobile’

BrandZ, a leading popular brand of cars in Saudi Arabia, has named Toyota the most valuable automobile brand in the world. The BrandZ Top 100 rankings were compiled for the tenth year in a row by Millward Brown, a top branding con

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Oman-Saudi road link to be completed in October

 A road connecting Oman and Saudi Arabia is set to be completed by October this year, according to a report. The road link will be of great advantage to those embarking on the Haj and Umrah pilgrimages, said the Saudi Gaz

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Saudi soldier killed in Qatif shooting

Unidentified assailants shot dead a Saudi Arabian soldier in the kingdom's eastern district of Qatif, the official SPA news agency quoted a police spokesperson as saying on Wednesday. Sami Mouawad Awadallah Al Harbi came under

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