Wednesday 28 January 2015
 
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Obama seeks close ties with new Saudi king

US President Barack Obama sought to cement ties with Saudi Arabia as he came to pay his respects on Tuesday after the death of King Abdullah, a trip that underscores the importance of a US-Saudi alliance that extends beyond oil interests to regi

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Obama seeks close ties with new Saudi king

US President Barack Obama sought to cement ties with Saudi Arabia as he came to pay his respects on Tuesday after the death of King Abdullah, a trip that underscores the importance of a US-Saudi alliance that extends beyond oil interests to regi

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Samba proposes $2.13bn bonus share issue

Saudi Arabia's Samba Financial Group said on Tuesday its board had proposed increasing the bank's capital by SR8 billion  ($2.13 billion) through issuing bonus shares to help support future growth. The kingdom's f

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Saudi printing sector grows 8pc as economy thrives

Saudi Arabia’s $800 million printing industry is the oldest and biggest in the GCC and is growing at an annual rate of eight per cent per annum. The printing of newspapers remains resilient with almost 5.2 million copies of

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Saudi, Egypt groups to build industrial complex

Leading businessmen from Saudi Arabia and Egypt are planning to build an industrial complex at an investment of E£500 million ($68.4 million) in the north African country, said a report. The new industrial complex by Saudi E

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Saudi, Egypt groups to build industrial complex

Leading businessmen from Saudi Arabia and Egypt are planning to build an industrial complex at an investment of E£500 million ($68.4 million) in the north African country, said a report. The new industrial complex by Saudi E

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Obama, world leaders head to Saudi to offer condolences

US President Barack Obama will visit Saudi Arabia on Tuesday to meet its new King Salman after the death of his predecessor Abdullah on Friday, testimony to Riyadh's important role in energy markets and the fight against Islamist militancy.

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Obama to cut short India visit, fly to Saudi

US President Barack Obama will cut short his visit to India on Tuesday to fly to Saudi Arabia, following the death of King Abdullah, sources in the Indian capital familiar with the matter said on Saturday. The White House could no

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Saudi oil minister Naimi to stay, policy steady

Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within the Opec group of oil-exporting countries.

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New Saudi king ‘holding line on Opec policy’

Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's long-serving oil minister.

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