Sunday 26 June 2016
 
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Saudi Arabia

Cisco inks key Saudi partnership deal

Cisco, a global technology leader, has signed a MoU with the Saudi Ministry of Commerce and Investment that sets a roadmap for an accelerated pace of digital transformation in the kingdom. Saudi Arabia is the largest technology ma

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SaudiGulf wins licence for domestic flights

Saudi Arabia has granted SaudiGulf Airlines a licence to operate domestic flights within the kingdom, the first such award in a long-planned liberalisation of the aviation market, state news agency SPA reported. SaudiGulf, based i

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Saudi may return to oil market balancing role

Saudi Arabia, the world's largest oil exporter, may return to its role of balancing oil supply and demand after the recovery of the global market, the country's energy minister indicated in comments published on Wednesday.

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Saudi Arabia to let foreign investors buy listed bonds

Saudi Arabia plans to let foreign institutional investors buy exchange-listed debt instruments as part of reforms intended to draw more foreign money into its markets, the Capital Market Authority (CMA) said on Wednesday. After op

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Saudi to issue about $5.3bn of domestic bonds

Saudi Arabia's government will sell about SR20 billion ($5.3 billion) of domestic bonds to banks next Monday, the Maaal financial website quoted official sources as saying on Tuesday. Since last August, the government has been

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Materials Handling Saudi Arabia launched

Messe Frankfurt Middle East, one of the region’s largest exhibition organisers, has announced the launch of the inaugural Materials Handling Saudi Arabia 2016. The two-day exhibition and conference will take place on Novembe

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Russia beats Saudi Arabia as China's top crude supplier

Russia beat out Saudi Arabia as China's largest oil supplier in May, customs data showed on Tuesday, marking the third month in a row the world's biggest oil producer has topped the world's biggest oil exporter in feeding China'

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Egyptian court voids islands deal with Saudi Arabia

An Egyptian court declared void on Tuesday a maritime border accord with Saudi Arabia that would have seen Egypt lose control of two Red Sea islands, judicial sources said. The state has the right to appeal the ruling at a higher

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Saudi to grant operating licenses to 3M, Pfizer

Saudi Arabia will grant licenses to US-based multinational 3M and pharma major Pfizer to operate and invest in the kingdom, Arab News quoted Minister of Commerce and Investment Majed bin Abdullah Al-Qasabi as saying. Agre

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In the Gulf oil clash, Riyadh 'is the next winner'

Saudi Arabia is poised to boost its share of Opec oil production in the coming months, as Iran's rapid recovery runs out of steam and the kingdom raises output as summer temperatures soar. Opec's biggest exporter has seen

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